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Horizontal trend line- $405 Downtrend channel resistance- $392 BCHUSD has performed well after a minor sell-off. Any daily close above $390 confirms further bullishness. The pair traded weak after forming a minor top around $525 on May 21st, 2024. Any major trend reversal can happen only if it closes above $525. BCHUSD prices have surged more than 20% in the...

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USDCAD surged sharply after upbeat US NFP and dismal Canadian jobs data.The US economy has added 303000 jobs in March, above the estimate of 200000. While the unemployment rate fell to 3.8% from 3.9% the previous month. Average hourly earnings surged to 0.30% vs. a Forecast of 0.20%. It is good to buy on dips around 1.36200 with SL around 1.3570 for TP of 1.37480

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GBPJPY has been consolidating in a narrow range between 185.95 and 184.53 for the past week. Any breach above 186 confirms further bullishness. A jump to 187/188 is possible. It is good to buy above 186 with SL around 185.20 for TP of 188

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Candlestick - Shooting Star (Daily chart) EURUSD halted its two-day winning streak and showed a minor sell-off. It hit a high of 07562 yesterday and is currently trading around 1.06991. It is good to sell on rallies around 1.0705-080 with SL around 1.0760 for TP of 1.0600/1.0550

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EURUSD showed a nice jump on upbeat market sentiment. It hit a high of 1.06498 yesterday and is currently trading around 1.06497. Any break above 1.06300 confirms further bullishness. A jump to 1.0700/1.0760 is possible. it is good to buy on dips around 1.06425-30 with SL around 1.05980 for a TP of 1.0760

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EURUSD took support near 1.04800 after US Non-farm payroll data. The pair recovered to 1.06396 (38.2% fib 1.09454 and 1.04482) and showed a minor sell-off due to geopolitical tension between Palestine and Israel. It is holding well below 21 and 55 EMA (Short term) and 200 EMA (long-term) in the 4-hour and daily chart. Any breach below 1.04800 confirms a bearish...

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GBPJPY pared some of its gains on the strong Yen. the demand for safe-haven due to geopolitical tension between Israel and Palestine putting pressure on the pair at higher levels. It is good to sell on rallies around 182.60 with SL around 183.20 for TP of 180.70

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EURUSD breaks significant support at 1.04800 after a long consolidation. The overall trend is weak as long as the resistance 1.0620 holds. it is good to sell on rallies around 1.04800-05 with SL around 1.0500 for TP of 1.0400

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EURUSD showed a minor pullback after a massive sell-off. Markets eye US GDP and Initial jobless claims for further direction. It is good to buy on dips around 1.05370-80 with SL around 1.0480 for a TP of 1.0650

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GBPJPY lost its shine after the Bank of England's monetary policy. It hit a low of 180.75 at the time of writing and is currently trading around 181.25. It is good to sell on rallies around 181.28-30 with SL around 182.35 for a TP of 177

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Gold holds above $1900 despite mixed US economic data. It hit a high of $1904.51 yesterday and is currently trading around $1903.71. Chart pattern- Bullish divergence (CCI)- 4-hour chart It is good to buy on dips around $19028-30 with SL around $1890 for TP of $1945

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GBPJPY lost its shine on the weak Pound sterling. After a long consolidation, it breaks significant support at 181.70 and is currently trading around 181.67. It is good to sell on rallies around 182 with SL around 183 for TP of 178.

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The pair took support near 200-4H EMA for the third time. In the daily chart, it is holding above 21-day EMA. It is good to buy on dips around 181.60-65 with SL around 180.70 for a TP of 185

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GBPJPY lost its shine on weak UK CPI. It hits an intraday low of 180.27 and is currently trading around 180.44. It is good to sell on rallies around 180.58-60 with SL around 181.60 for a TP of 178.10.

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EURUSD pared some of its gains after upbeat US economic data. It hits an intraday low of 1.08352 and is currently trading around 1.08382. It is good to sell on rallies around 1.0850-525 with SL around 1.0900 for the TP of 1.0700.

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Bullish divergence ( CCI(50)) BTCUSD regained its positive momentum and surged more than $4000 on upbeat market sentiment. Technicals- Major support- $27500. Any break below will take it to the next level at $25000/$23800/$23300 if possible. Bull case- Primary supply zone -$30000. The breach above confirms minor bullishness. A jump to the next level of...

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Chart pattern- Bearish divergence Gold hits fresh all-time high after less hawkish Fed rate hike.It hits a high of $2081 and is currently trading around $2032.99. It is good to sell on rallies around $2038-40 with SL around $2070 for a TP of $1935.

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Chart pattern- Bearish divergence (CCI (50) and RSI(14) GBPJP was one of the best performers this week and jumped more than 500 pips on the strong pound sterling. It hits an intraday high of 180.63 and is currently trading around 180.34. It is good to sell on rallies around 180.58-60 with SL around 182 40 for a TP of 175.55.