traderpulse

traderpulse

The market seems to have come to its senses after the post news profit booking rally, friday. It has broken its bullish trendline in the 15-min chart, indicating dwindling buying momentum. To add to it, the ADX indicator has also turned bearish. Hence, we expect the arrival to bears in the counter and the pair to make a move to its intraday support at 0.66195.

traderpulse

The Japanese central bank meeting has brought a halt to the rally in the counter. Technically, the pair has broken its bullish trendline. It also failed to hold the breakout of a critical resistance of 111.805. So, the resistance is back into play and the broken trendline will add to the woes of the bulls. Hence, we expect the pair to be bearish and move to the...

traderpulse

The pair plunged from the top with a great momentum. Now, it has hit the brick wall which has been its long-term support zone. And as expected, it has bounced back sharply too and in the due process it has broken the bearish trendline. Hence, a profit booking rally seems imminent. So, traders can buy on the short-term pullback (dips) and expect a rally to the...

traderpulse

The weakness in the Euro is blatant. And now it has formed right tilted head and shoulder pattern against NZD as well. The price has broken the neckline and is setting up for huge intraday downside move. Hence, we expect the pair to reach the support levels of 1.68633 and 1.68406 for the intraday.

traderpulse

The counter is in a long-term bear cycle. It plunged to 0.69000 during the wave 3 move and recovered a bit, then consolidated. The consolidation was in the form of a triangle, which is a typical phenomenon of wave 4. Now, the pair has resumed its bearish trend move. Also, the fundamentals are poised for a bearish outlook as well. Hence, we expect the pair to move...

traderpulse

The bulls effort to cross the resistance of 0.86784 seems in vain in the counter. The bears have stamped their authority by resisting and rejecting the price action above the value of 0.86750. Now, the counter has formed a double top pattern in the hourly chart, which is a strong reversal pattern. Also, the ROC indicator has crossed into the negative...

traderpulse

The pair has plunged after the Australian CPI data. Now, it has formed an inverse head and shoulder pattern in the 15-min chart. Also, the RSI indicator has backed up the bullish reversal formation with an inverse head and shoulder pattern of its own. Hence, we expect the pair to pullback from the lows to the resistance of 78.870.

traderpulse

Despite several attempts to break down the support of 1.29783, the support remains tall. The counter has bounced off from the lows and formed a double bottom pattern in the hourly chart. It also took down a critical resistance of 1.30085 in the due process. Now, its currently testing the broken resistance. We expect the broken resistance to lend support and push...

traderpulse

The pair has formed a subtle head and shoulder pattern in the 4-hour chart. It has broken the neckline too and is currently consolidating just below it. Hence, we expect the pair to trade with bearish bias and move to the support level at 78.618.

traderpulse

CAD/CHF has bounced sharply to the highs of 0.75969. It consolidated in the highs with a flat correction. The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone. We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart...

traderpulse

The resistance of 1.33914 seems invincible for the bulls, holding it down for a month. The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too. The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern. Now, the pair is being resisted by the broken...

traderpulse

The counter has a newly found bullish momentum. It has formed higher highs from the lows. The lower lows formed can be connected to form a bullish trendline as well. Also, it has formed an inverse head and shoulder and broke its neckline. It is at the confluence of supports - neckline and trendline, which can be a tough nut to crack. Hence, we expect the pair to...

traderpulse

The recent downswing in the counter has pushed the prices into a strong demand zone. Previously when the price entered these zones, it changed the status quo in the counter. Hence, we expect the pair to take support here and move to the supply zone.

traderpulse

The GBP/CHF pair is currently in a rising wedge pattern. The pair is currently at its resistance zone. Hence we expect the pair to move to the levels of 1.31115 from here

traderpulse Updated 

After a downhill move, EUR/USD has formed an inverse head and shoulder pattern. It has broken the neckline too and is currently consolidating just above it. Hence we expect the pair to turn bullish and move to the resistance levels at 1.12871 and 1.13237.

traderpulse

The counter is brimming with bearish signals technically. In the price action front, the pair has formed a double top pattern and broke its critical support of 146.327 as well. A bearish trend line drawn from the highs is also pushing the price downwards. In the indicator front, the RSI has formed a head and shoulder pattern in the hourly chart. The neckline of...

traderpulse

EUR/GBP is limping towards north with subdued momentum. The brexit uncertainty is set to continue for six more months. Hence, the pair is unable to find a trendy move. Technically, the pair formed an ascending triangle pattern and broke its resistance of 0.86543. Since there are no fundamental triggers to act in this counter, it is set to hobble its way to the...

traderpulse Updated 

After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern. Two legs of the flag pattern has completed and it is currently at its third and final leg. Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.