marazzaq62

marazzaq62 Aug 28, 2024

AUDUSD is trading in a descending parallel channel and is testing a key resistance cum support zone . It has also formed bullish divergence on RSI at this key zone. A break out on either side of this key zone will set short term trend for the pair. Due to bullish divergence on RSI, I expect price to break out from descending channel and resume bullish move in...

marazzaq62 Updated  Aug 27, 2024

A confluence of inverse head and shoulders pattern along with bullish divergence on MACD gives us a strong buy signal. Price is expected to retrace to immediate support and then resume the bullish momentum.

marazzaq62 Updated  Aug 27, 2024

The fate of ETHUSD in short term lies in break out from either of the two divergences printed on MACD. I think bearish divergence is more strong and will prevail. In such scenario price will break down from immediate support zone where we have bullish divergence and will then likely reach the next support zone. In case we see price breaking out of resistance zone...

marazzaq62 Aug 25, 2024

AUDJPY had a bullish impulsive move followed by correction in form of combination of ascending triangle and flat corrective pattern. We can now expect fresh bullish impulse after completion of this corrective wave.

marazzaq62 Aug 25, 2024

NZDUSD had been trading with in corrective triangular range for some days. Now we had a volume powered break out from this range. Price is expected to retrace from resistance of long term trend line and then explode out of long term trendline too.

marazzaq62 Aug 24, 2024

EURGBP has printed strong divergence on MACD and also seem to be completing harmonic bat pattern . We had a volume spike in this support area as well. All this seem to suggest we are in for correction up till next resistance zone.

marazzaq62 Aug 24, 2024

USDCHF seems to be completing a bullish cypher pattern . We are landing back at support area where we seem to have change of character . A bounce from this support area seems likely.

marazzaq62 Updated  Aug 20, 2024

USDCAD formed divergence on MACD and seems to be completing a long spell of accumulation with in tight range. A breakout from falling trendline in the form of bullish impulse seems imminent. Long positions may be considered only after ocurance of break out.

marazzaq62 Aug 18, 2024

Brent oil seems to be in the process of playing harmonic gartley pattern. Price is expected to rebound from potential reversal zone. This zone has been high volume zone in the past which adds confluence to the reversal pattern.

marazzaq62 Aug 18, 2024

TESLA has formed bullish divergence on MACD. Price action is contained with in symmetrical triangle pattern. Long positions may be considered if price breaks out of triangle.

marazzaq62 Aug 18, 2024

EURGBP has formed bullish divergence on MACD scale and also seems to be completing a bullish crab pattern. Price is expected to rebound from Potential Reversal Zone marked in rectangle.

marazzaq62 Aug 16, 2024

Brent oil seems to be forming a bull flag. MACD line in positive territory also suggests bullish tendency may remain intact. Long positions may be considered once breakout occurs from bull flag.

marazzaq62 Aug 15, 2024

AUDNZD had a powerful volume driven breakout from triangle pattern amidst rate cut of central bank of New Zealand. Bullish continuation should be expected as we are well into positive territory on MACD indicator.

marazzaq62 Updated  Aug 15, 2024

EURGBP is forecasted to undergo bearish move and this is supported by clear and strong divergence on MACD, formation of triple top and volume spike at resistance level.

marazzaq62 Aug 15, 2024

USDCHF had volume supported price reversal from support area. Currently price seems to be completing a bull flag pattern. Long positions maybe opened once we have a breakout from the flag. MACD line is also in positive territory indicating bullish tendencies to prevail.

marazzaq62 Aug 15, 2024

EURAUD formed bullish divergence on MACD and triple bottom within parallel price channel and then had a powerful volume driven breakout from parallel. Price is expected to retest the upper bound of parallel channel and then is likely to resume the bull run.

marazzaq62 Aug 10, 2024

The formation of butterfly harmonic pattern along with surge in volume at support level suggests crude oil is in bullish mood in long term (4h chart).

marazzaq62 Aug 10, 2024

The formation of rising wedge pattern at resistance zone is hinting at forthcoming bearing move. Formation of divergence on Awesome Oscillator can be taken as an added confluence.