traderpulse

traderpulse

The 3-hour chart of GBP/JPY has current made a lower low which is resulted in a trend formation with downside bias. We expect the pair to make a pullback to re-test its support and bears will be expected to enter the counter at that zone. This can be also construed as head and shoulder formation,so a pullback upto the neckline can be expected. The counter looks...

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The 30-min chart of EUR/USD is currently in uptrend. The pair faced a strong resistance in the price zone of 1.17170. It has formed a head and shoulder pattern and once it breaks the neckline and we expect the selling pressure to intensify.

traderpulse

The 2-hour chart of GBP/CAD indicates that the pair is currently in uptrend. The pair is currently trading in up channel formation. It is currently trading around the lower trend line,which can act as a good support for buyers. On the contrary,if the support breaks, a major sell off can be seen.

traderpulse

The 1-hour chart of USD/CHF indiacates that the pair is currently in downtrend. The pair broke the support the 0.99366 and it made a sell off. The pair is currently making a retracement of 61.8% and we expect the bears to return in the price zone of 0.99366 which can act as a resistance.

traderpulse

The 30min chart of EUR/CAD is currently in downtrend. It has formed a full elliot wave as indicated in the chart. As per our analysis,we expect the pair to go through ABC corrective wave.

traderpulse

The day chart of GBP/AUD indicates that the pair is currently in downtrend. The pair made a strong downside move and is now currently making a retracement(50%). It also coincides with the strong resistance zone and the pair is currently facing resistance based on price action. Hence it is a good time to initiate a short trade.

traderpulse

The 4-hour chart of EUR/USD is currently in downtrend. It has formed a double top pattern and the price is currently re-testing its resistance. Also stochastic indicator is bit over stretched and it is in overbought zone. As per our analysis,we expect selling pressure to return to the counter in the resistance zone.

traderpulse

The 1 hour chart of EUR/JPY indicates that the pair is currently in sideways trend. The pair is currently moving towards its upper range limit which is a strong resistance. The stochastic indicator is also moving towards overbought region. If the resistance holds, traders can go for a sell.

traderpulse

The Hourly chart of AUD/USD has completed the downtrend by forming a double bottom pattern. It has broken out above the resistance. Also the pair is forming a elliot wave and it is currently in the 3rd wave. There will be a small corrective rally which will be the 4th wave and this will be a good entry opportunity for buyers. As per our analysis,we expect the pair...

traderpulse

The daily chart of USD/JPY is currently in a downtrend. The pair witnessed a strong buying action from the values of 105. Now the pair is currently hovering around its 200 day moving average. Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers. We expect the buying pressure to further intensify once it crosses the...

traderpulse

The 15-minute chart of Dollar Index is currently is downtrend and formed a Elliott Wave as indicated by us in the chart. The 5th wave has almost completed its rally and we expect the counter to form a corrective ABC wave. It is also in the strong support zone and so we can expect the dollar index to be bullish up to the corrective wave pattern C which may...

traderpulse

The daily chart of GBP/USD indicates that the pair is currently in downtrend. There was a steep fall in the counter but lately selling momentum has subsided and bulls have started come back in the counter. It is indicated by the formation of bullish outside bar candlestick formation. As per our analysis, we expect the pair to be bullish and head towards the...

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The 4-hour chart of EUR/USD indicates that the pair is currently in downtrend. The pair made a strong downside move and it is currently at support levels of 1.15108. Also, stochastic indicator is showing a divergence , which indicates a subsidised momentum. Hence we can expect the counter to be bullish until it reaches the target of 1.15553 .

traderpulse

The 4-hour chart of NZD/JPY indicates that the pair is currently in downtrend. The pair is currently in the strong support zone of 75.438. The stochastic indicator has also a divergence, which indicates a weakening selling momentum. Hence we expect the pair to be bullish until it reaches the zone of 76.586.

traderpulse

The 4-hour chart of GBP/JPY has formed a double top pattern. Now the pair is in a corrective rally and it may extend upto resistance zone of 146.098. But the pair can witness selling pressure even before reaching the resistance zone. There is also major news event today,so expect high volatility in the counter.

traderpulse

The 4-hour of AUD/JPY indicates that the pair is currently in a sideways pattern. The stochastic indicator has made a bullish crossover from the oversold area. Hence we expect the buyers to take a firm hold of the pair and move the pair towards the zone of 82.588.

traderpulse

The daily chart of Dollar index has formed a cup and handle pattern. Although, it’s a continuation pattern many analysts now use it to predict a trend reversal also. It has also formed a handle by taking a retracement of 25%. As per our analysis, we expect a major bullish move in the counter if the index can sustain above the value of 95.03 . On the contrary,if...

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From our analysis, it seems the pair breached out of the bearish channel & the key resistance On holding above the key resistance, it is expected to go up and would reach the respective targets.