AUDJPY broke out of descending trendline after printing divergence on Awesome Oscillator. Price is retesting a key support zone from where it had a good bounce in the past. Seems like we are in for trend reversal.
Brent Oil formed bearish divergence on MACD and then fell down rather aggressively from rising wedge formation. This indicates that bearish pressure will prevail for some time atleast.
Seems like we are in for correction in ETHUSD as we see clear bearish divergence on MACD indicator. The divergence is formed with in rising wedge chart pattern which adds confluence to the corrective move prevailing till next marked support area.
Seems like EURUSD is getting ready to take dive down from rising wedge amidst bearish divergence formed on Awesome Oscillator indicator . Short positions ma be considered only after price breaks down from support line of rising wedge.
Silver has broken out from descending parallel channel. We have Awesome Oscillator making bullish divergence and histogram bar moving into positive territory. Based on these confluences, we should predict short term bull run.
EURAUD seems to be completing correction phase with in descending triangle formation. At the same time it is in the process of forming bullish regular divergence on Awesome Oscillator. Seems like soon we are going to have break out from triangle.
EURUSD seems again seems to be completing a flag pattern . EURUSD broke through previous flag pattern after printing divergence on MACD . It appears like history is going to repeat itself as we see divergence has been printed on MACD with in the existing flag pattern .
Millat Tractor has broken out of Ascending Triangle pattern. Price has sustained in lower half of RSI as well. We are in for a bearish run.
ETHUSD printed bullish divergence on MACD and then formed cup and handle pattern with in converging triangle. Price broke out of the triangle pattern and will now likely retest the support zone aligned with vital 0.618 -0.786 fib zone. Scenario seems bullish.
Brent oil broke out of descending parallel price channel after printing divergence on MACD. Price is expected to retest the vital resistance cum support level which nicely aligns with 0.618 fib zone. Price is expected to bounce from this zone to advance higher.
NASDAQ 100 broke through short term and medium term trendline after printing massive divergence on MACD. Price will likely retest the resistance cum support zone and then will resume the bullish momentum. Price has shown bouncing behaviour from this very zone multiple times in the recent past.
EURAUD is testing a very critical support area from where it bounced multiple times in the past. We see that the price has broken past the falling trendline and formed bullish divergence on MACD as well. Seems like we are read for bullish wave from support area.
EURGBP broke out of falling trendline and then seems to have formed leading diagonal followed by corrective move. Now price seems to have broken through important resistance zone and seems prepared for forming bullish impulse.
GBPCHF had a break out from falling trendline after making bullish divergence on MACD. These factors indicate that we are very close to resumption of bullish trend.
GBPCHF has been trading with in parallel channel for long. A break out to the either side will be explosive one I think. Given that now price is trading with in descending triangle and we have bullish divergence on MACD, I think the break out would be a bullish one.
Brent oil broke through descending trendline and formed double bottom pattern as well. Price seems to be in the process of completing harmonic butterfly pattern after which a good sustainable bullish reversal can be expected.
EURGBP has formed bull flag at dynamic trendline based resistance. This is the third tap on a long trendline making it a critical resistance zone in short term. To add confluence we also have a clear bullish divergence on MACD signaling that this time price might break through the trendline to form bullish sequence in short term.
AUDNZD is bracing for a break out of the falling trendline after making divergence on RSI. The trendline seems to be a valid trendline as we had three taps on it. Therefore a break out of this trendline can be considered critical for change in trend. Also we had a break of structure at this zone in this past.