anshuman_05

anshuman_05

Pound has broken above the supply zone after forming a rectangle bottoming out pattern. It sustained above the supply zone and has also rallied from there confirming the change in trend. It is now re-testing the 200 period moving average on the hourly charts with the momentum at the mean. With plenty of support and the MA being here it looks like a good entry...

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Crude oil is forming a slightly inclined head and shoulder pattern but it is still a clear pattern. The target is quite low as measured from the pattern. There is a small support before the target and that is the place where we can get some halt which is around 6334. But apart from that the target aligns nicely with a support level from where we can expect a good...

anshuman_05 Updated 

gold is at the neckline support of the head and shoulder pattern and also the 200 period moving average on the hourly timeframe. Both of them together form a substantial support here for the commodity and we can expect some bounce to come intraday from this level.

anshuman_05 Updated 

The commodity is breaking out from the head and shoulder reversal pattern on the hourly charts. The chart is self explanatory, trend which one can ride for a while.

anshuman_05

Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.

anshuman_05

Breakout from flag pattern in an uptrend, excellent pattern to trade. There is also not much resistance nearby and good floor to use as support.

anshuman_05

the pair is trading above the key support level after breaking out from a continuation pattern. The uptrend is fairly well established, the breakout has taken place after a good consolidation and now we have a re-test of the breakout level. This makes it a good entry point to enter the trend and ride it for as long as possible.

anshuman_05

Breakdown from consolidation in the downtrend. looks like the lower supports will be tested and the momentum oscillators are also in the bearish territory.

anshuman_05 Updated 

Nifty re-testing the key pivot level, the broader markets are also weak. There is a very good chance that we see the markets fall from here. Global indices are also looking pretty weak and that is not a good sign. Overall high probability trade in the index.

anshuman_05 Updated 

The pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.

anshuman_05

GBP/USD is forming a bullish candle stick reversal at the support level. It is also quite oversold. Do expect a bounce to come in here.

anshuman_05

The commodity has broken out from the base pattern after what was a massive fall. Possible trend change.

anshuman_05

Euro dollar is at the key support level and if the supports holds up then we could get a decent bounce. This is on the daily timeframe and we can drill down further on the hourly charts if one wants to get shorter term idea. In any case a small bounce at this level is a high probability.

anshuman_05

Tech mahindra re-testing the breakout level, there is a chance that we see a bounce from here in the stock.

anshuman_05 Updated 

UD/JPY forming a bullish reversal pattern - Head and shoulders at an important support level. The pair is also oversold so the chances of mean reversion on the higher timeframe along with the reversal pattern on the hourly timeframe bodes well.

anshuman_05

This is a very important dollar index level, if this were to hold up then we can get some more rally in the gold and the other metals. Equities as well. But if dollar breaks through this level then we will possibly get some sharp corrections in the commodities and the equities as well. The bet still will be that the level will hold up, but the oscillators are...

anshuman_05

Gold is in an uptrend and looks like it is pulling back to the support level, it could be a good entry point for riding the trend.

anshuman_05 Updated 

The index is exhibiting the bearish divergence on the hourly timeframe. It is already quite extended and is also now forming dark cloud cover candlestick pattern which is a bearish pattern. There is also a resistance here on the daily charts. All put together looks like a good short sell.