financialmarketsalgorithms

financialmarketsalgorithms

CLX is breaking important supports and is trading near 52 week lows. Lower prices possible in the coming months.

financialmarketsalgorithms

Silver is poised to clear resistance near 27.80 and can head toward next swing level near 30$. A move below 24.8 will negate this pattern.

financialmarketsalgorithms

USDJPY has broken out of resistance near 104.5 levels and is poised to move higher toward the 107/108 levels. stop loss at 103.5.

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GBPYJPY broke above resistance and is targeting higher levels.

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Gold appears to be a in a stage of indecision and is trading within a broad range indicated by trendlines. A directional move is possible after a move out of this range.

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GBPUSD is challenging previous resistance and can gain 2-3% from current levels if the Bulls are successful. Targets 1.36/37. Stop loss on violation of lower trendline.

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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.

financialmarketsalgorithms

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.

financialmarketsalgorithms

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.

financialmarketsalgorithms

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

financialmarketsalgorithms

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