anshuman_05

anshuman_05 Updated 

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

anshuman_05

at the support level after the breakout. looks good for a bounce from here.

anshuman_05 Updated 

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.

anshuman_05 Updated 

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.

anshuman_05 Updated 

AUD/NZD at the support level. Looking for a bounce here from these levels.

anshuman_05 Updated 

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...

anshuman_05

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.

03:11

anshuman_05 Updated 

Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.

anshuman_05 Updated 

Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder...

anshuman_05 Updated 

After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same

anshuman_05 Updated 

gbpjpy has broken down from the head and shoulder reversal pattern and is now heading lower. Yen has been strengthening overall and it is interesting to see that even the USDJPY pair has been struggling. There is some risk off in the financial markets as a whole and that seems to help yen. The target is the depth of the pattern and is marked on the chart. There...

anshuman_05 Updated 

German DAX has been consolidating in a range for a while now and today it is breaking below the key level where it was bouncing from. This is on the back of the jobs data from the US but it had been pretty weak even before that. We are looking at the target of 15,000 in the index.

anshuman_05 Updated 

Chart is self-explanatory. we have the breakdown from the range on the hourly timeframe and we are seeing a re-test of the pivot level now. Target is the depth of the pattern and the stop is above the range.

anshuman_05 Updated 

Nice re-test of the support level post the ADP jobs data which was good for the dollar. But this is a solid support and technically a good entry point. Stop below the range lows and use the Ichimoku to ride the trend for a bit.

anshuman_05 Updated 

Gold is forming an inverted head and shoulder pattern on the hourly timeframe, it is at a key pivot level. Any break above that will see a sharp intraday rally in the commodity.

anshuman_05 Updated 

The pair has just broken down from a continuation head and shoulder pattern on the hourly timeframe. Kiwi definitely looks like it is the strongest currency right now against the us dollar. Expect this breakdown to lead the pair much lower to the previous daily supports.

anshuman_05

The pair has started a new uptrend and has stayed above the ichimoku cloud for a decent amount of time. It is now at a support level both from the point of view of the ichimoku clouds and also the standard pivot level. It also seems to be forming a flag pattern on the hourly timeframe which further adds conviction to the long idea. The target will easily be a new...

anshuman_05 Updated 

EUR/GBP has rallied on the one hour timeframe after forming a bullish divergence on the chart. It is now back to a very strong resistance zone. The pair is already looking quite stretched and with a strong resistance nearby it is quite likely to retrace from here for a decent trade.