Breakdown from consolidation in the downtrend. looks like the lower supports will be tested and the momentum oscillators are also in the bearish territory.
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.
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.
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.
The commodity has broken out from the base pattern after what was a massive fall. Possible trend change.
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.
Tech mahindra re-testing the breakout level, there is a chance that we see a bounce from here in the stock.
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.
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...
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.
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.
Break down from the reversal pattern on the hourly charts and the oscillators are also now moving in the bearish territory. There is no immediate support and the momentum oscillators have a long way to go to get to the oversold zones. All suggest towards a good short sell
at the support level after the breakout. looks good for a bounce from here.
Natco pharma has broken out from a flag pattern on the daily timeframe with the next resistance at 770. Technically this is a buy signal with the stop below the day's low.
Copper is sitting at the support zone after a steep fall. Good chance that the mean reversion will lead to some rally and also the fact that we have the daily supports here will help that.
AUD/NZD at the support level. Looking for a bounce here from these levels.
AUD/CAD at an excellent support level. This is the previous breakout level where the market had tested the level several tines before breaking out, thus it is a key level in terms of the support and resistance. Expect the pair to bounce from here as the oscillators on the hourly time frame are also looking oversold. Some mean reversion can be expected and this is...
Kiwi is back at the support zone from which it broke out a while ago, great level to initiate longs as the pair also looks oversold on the hourly charts.