financialmarketsalgorithms

financialmarketsalgorithms

There has been a bearish resolution to the congestion pattern in EURUSD. THE SUPPORT AT 1.1740has been broken and the pair can target 1.14/1.15 zone which is a 38.2% fib retracement of the larger swing. The top at 1.20 must be broken for Euro trend to change to Bullish.

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Silver is now in a profit taking mode now having retraced 38.2% of previous swing. Buyers need to stagger their purchases as the swing highs near 30$ is likely to be revisited.

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EURUSD is on the verge of a bullish breakout and head for gains of 1.5-2% in the coming weeks. Targets 1.15./1.16. MACD is supportive of bullish trend.

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Gold is bullish above 1289/90. Trade War tensions increase may favor Gold.

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TCS ready to challenge all time high after breaking out of triangle pattern.

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Century ply may be ready for an up move once the resistance zone of 185/190 is taken out. Stock heading toward 230/240 zone. Aroon indicator has signaled a buy.

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A bullish breakout above 413 with MACD supporting. Targets are 470/480 zone within 6 months

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TCS looks set for a decent technical bounce to 2000 plus zone after a decent 15-18% correction from the peak. Trendline support near 1800 levels. Stochastic at oversold levels.

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Gold has cleared immediate resistance near 1220 levels and is poised to move higher toward the 1260/1280 zone between the 50 and 61.8 Fib retracement levels.. SL 1180 levels closing

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EURGBP is starting to show bearish signs with a lower high formation. Bearish view will be confirmed on break of 0.8938. Down move can extend to 0.8875/25. MACD flat to bearish indicating bearish bias.

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MACD divergence building on daily charts may prompt a bullish bounce in Silver to 16/16.25 $.

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JSW steel approaching crucial resistance. Odds of a bullish break are high. MACD CROSSOVER and move into positive region is supportive.

financialmarketsalgorithms

EUR could move by 200 bps from current levels once it moves above the triangle pattern. Target 1.1850/1.19 TF 1 month.

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Gold is near very strong support level of 1230/40 zone. Expect a strong rebound to 1280/1300 zone. Trade goes bad below 1225.

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MACD turning and at 80% Retracement level. Low Risk buy with SL in 1170/80 zone. Targets 1280/1310

financialmarketsalgorithms

USDJPY may be ready for uptrend on the back of US 10yr touching 2.96%. MACD in buy mode and recently cleared resistance near 107.5

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Nifty has retraced nearly 50% of the previous fall and is approaching 62% FIB retracement level. Needs to clear 10700 for clear bullish trend.

financialmarketsalgorithms

MACD moving into positive zone coupled with chart pattern break. Target 380/420