Long term analysis for USOIL, unless ofcourse OPEC Messes around!
The analysis is for the future movement of AUDJPY over the next 1 week.
It can be observed that GBPUSD is breaking the Symmetrical Triangle on the downside, looking poise for a good fall. The triangle size is huge, but taking a small target keeping in view the news to come. Short Entry: 1.2410 Target: 1.2336 Stop: 1.2458
It can be observed that EURGBP is consolidating in a bull flag after a good move up. Look to go long in the given buy zone which coincides with a support zone which was broken by the strong upmove! Stop: below 0.8514 Target: 0.8595
After observing the resistance on the EURUSD hourly chart, I have taken a short on the EURUSD Target: 1.0629 Stop: 1.0690
It can be observed that USDJPY is being resisted at a strong horizontal resistance level and from the rising trendline which it broke a while back. Look to short at Current market price or at 114.03 Target: Next support which conincides with 0.5 retracement of the uptrend Stop: 114.38
It has been observed that a penant which had formed after a strong upmove has been broken on the USDJPY pair. Now it shall move further upwards. Long at: 114.46 to 114.50 Stop: 114.20 Target: 115.00 & 115.19 towards the upward channel resistance
It has been observed that a bear flag which formed on the EURUSD pair has been broken. Look to short at the retrace of price to 1.0567 levels Target: 1.0520 Stop: 1.0580
My projection for the DXY on the hourly chart: Expecting the DXY to go down from the current levels i.e. 101.48 or from 101.57 It can go down till 100.63, retrace back a little from there and then head down to 100.08 zones. Strong resistance at top with the completion of a ABCD Pattern & Bearish Butterfly pattern along the same zone. But, CPI and Yellen...
It has been observed that a Ascending triangle is breaking out on the NZDUSD pair 15 mins chart. Long can be entered between 0.7179 to 0.7182 Stop: 0.7168 Target: 0.7214
It has been observed that a 2 potential harmonic patterns are emerging on the Spot gold Chart indicating a strong bullish zone at 1225-1226 region. Long at 1225.87-1126.25 Stop : 1222.88 Target : 1230.18
It can be observed that strong breakout has occured on GBPUSD One can long at CMP Target: 1.2551 Stop: 1.2496
It has been observed that USDCAD is trading near a strong support zone which coincides with 78.6% retracement of the impulse upmove. A long can be initiated at 1.3038-1.3040 Stop: 1.3018 Target: 1.30713 Stops can be trailed post target for a possible breakout move from the down channel.
It has been observed that potential bullish bat pattern is forming on the USDJPY Pair Long Entry limit: 113.51 Stop: 113.33 Target: 113.91
It can be observed that bearish bat pattern has emerged on the USDJPY hourly chart. Short can be entered above: 113.67 Stop: 114.06 which is just above a strong resistance zone marked with a green horizontal line Target: 112.89
It has been observed that a bullish bat is emerging on the EURUSD Hourly chart. Long entry can be initiated at 1.0649 Stop : 1.0632 Targets : 1.0673, 1.0689 Regards
It can be observed that USDCAD is at falling trendline resistance. Short at Current Market price or at around 1.3141 Target : 1.3100 beyond which stops can be trailed to continue with the trend Stop : 1.3166
It can be observed that AUDUSD is approaching the resistance zone on the 15 mins chart and one can short it for a quick trade. Short in the range of 0.76577 to 0.76628 Stop : 0.76662 Target : 0.76428