EURUSD seems to be making a pattern that looks closely similar to bat pattern. A bullish leg is expected from support marked by starting point of XA leg.
EURCAD has formed bullish divergence on MACD scale and is currently testing resistance marked by falling trendline. Price also seems to be in the midst of forming head and shoulders pattern. We can expect bullish breakout once price climbs above the resistance zone.
AUDCAD is poised to rise again as it has tested significant resistance cum support zone (marked by circles) and also has broken through the falling trendline marking the dynamic resistance. MACD lines are well above zero level signaling that bullish trend is well intact.
We are seeing Bullish divergence on RSI for Natural Gas. Price seems to have exhibited change of character as well as price made first higher high after series of lower highs and lower lows. Price has not printed new lower low yet. Therefore bullish move ma be expected from here.
EURGBP seems to have broken the conjunction of ascending trendline and significant support cum resistance zone. Awesome oscillator is also below zero with red bars signaling bearish pressure. Fundamentally British election euphoria might lend more strength to pound vis a vis Euro. Price is expected to test the resistance and then rebound for bearish continuation.
Price seems to have mopped up liquidity by spending good time with in parallel channel before breaking out with impulsive wave. Pullback up to upper bound of highlighted parallel channel is expected from overbought mode and after that we can expect bullish continuation.
NZDUSD formed bullish divergence on MACD and is testing a confluence of resistance level marked by falling trendline as well as significant horizontal level. If price breaks the resistance then we have good reason to assume bullish price action going forward.
Price has broken out from falling wedge pattern. Price seems poised to retest the upper bound of falling wedge before break out from immediate resistance denoted by horizontal line. If break successfully breaks this resistance then it may be good a good opportunity to go long.
Ethereum has broken out of triangle pattern after forming bullish divergence on RSI scale. We may see retracement to the recent resistance cum support zone and then resumption of bullish trend.
Century Paper Mills is on a roller coaster ride capitalizing on the overall bullish sentiment prevailing in Pakistan Stock Exchange. Price action suggest another bull run from support zone marked by recent swing low.
GBPCHF is likely to break out from descending triangle chart pattern. A bullish divergence on RSI scale further adds confluence to possible bullish move. Price has spent considerable time with in this narrow range which suggests energy accumulation is taking place for bullish impulse.
AUDUSD has decisively broken through falling trendline in 15m tf after forming bullish divergence. The pair is testing a key support cum resistance level. A break above this level will confirm resumption of bullish trend.
GBPAUD had a bull run before retracement to fib level between 61.8 to 78.6 percent. Price showed aggressive reaction off this zone and seems to be completing corrective phase with in triangle pattern. Bullish break out from triangle is very much likely.
Crude oil seems destined for bullish break out from descending triangle. The momentum of bearish move has declined and we are seeing accumulation with in triangle for a possible bullish impulse.
GBPCHF completed an impulsive wave followed by corrective wave with in bullish flag pattern. Price has broken out of the parallel channel of flag pattern. It is likely to test the immediate support layer and then continue with the bull run.
EURGBP seems to have made triple top with in ascending triangle. We can also see a clear bearish divergence on RSI scale. The scenario suggests the pair is all ready to take a dive from triple top formation.
AUDJPY had a momentum driven break out from falling wedge pattern which means tendency is bullish till ascending trendline is respected by the price action. Bank of Japan as been pursuing loose monetary policy and until we see a policy shift, JPY will keep breaking resistance against major currencies.
Natural gas seems to have completed pull back. Price as broken past the descending trendline and now has climbed above recent support turned resistance layer. Awesome oscillator has too crossed over to bullish zone and we also see hidden divergence of Awesome Oscillator.