marazzaq62

marazzaq62

EURUSD has printed solid divergence on RSI. A volume supported pin bar and order block at support suggests bullish reversal has taken place. Fundamentally too fiscal stimulus package in euro zone might prevent EUR from falling further.

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EURAUD has been in a super bullish trend. It seems to be completing pull back as it reaches area of support marked at level of last bullish order block. We can consider opening long position once descending trendline is broken and awesome oscillator lands in positive territory.

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USDJPY has broken through the descending trendline after printing strong divergence on MACD. The break out is supported by decent volume bars indicating we might be in for pullback now.

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GBPCHF is testing a key resistance cum support zone that aligns with the dynamic support of the ascending parallel channel. We can expect bullish reaction from this support zone. Price is consolidating at this zone for some time which may mean that accumulation is taking place.

marazzaq62

EURAUD is overbought in short term in an otherwise corrective mode. The formation of rising wedge signals pullback to at least nearest support area.

marazzaq62 Updated 

GBPUSD seems to be in super bullish mood as price broke out of the consolidation channel very aggressively as indicated by ultra high bullish bars formed at Awesome Oscillator indicator. We may note that institutional accumulation might be taking place with in consolidation channel as exhibited by high volume bars with in that descending channel. So powerful break...

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AUDJPY has broken out from parallel descending channel after printing divergence on MACD. Breakout is also supported by high volume bars suggesting signs of major pullback from support area.

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Silver seems to be gearing up to breach all time high. Factors that support this idea are as follows: Vital resistance of corrective parallel channel is taken over with high volume. Price has broken out from inverse head and shoulders pattern. Break out is supported by divergence on MACD. Price had been respecting and bouncing off from ascending trendline. ...

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ETHUSD seems all ready for breaking out of triangle pattern. Here is why: Price had broken out from double bottom formation earlier. Harmonic Gartley pattern seems to be in play. We had impulsive bullish move earlier that caused ChoCH. We had liquidity raid below the low that caused ChoCH. Accumulation with in triangle in underway after break out from...

marazzaq62 Updated 

GBPCHF has broken out from parallel descending price channel with volume supported order block. It also printed bullish divergence on MACD scale before the break out. We can therefore expect resumption of bull trend after test of important resistance cum support area.

marazzaq62 Updated 

GBPCHF seems to be completing a flat correction pattern after bullish impulsive move. A break out from rectangular corrective range may result in fresh impulsive wave. Long positions can be considered with in the corrective range by aggressive buyers.

marazzaq62 Updated 

EURAUD has broken out of both short term and relatively long term trendline after forming divergence on Awesome Oscillator. Break out also happens to have taken place after high volume bars. All this leads us to believe that trend reversal has taken place.

marazzaq62

A clear cut formation of head and shoulders pattern and powerful divergence on MACD can be seen and then there is a fair value gap to be filled as well. We seem to be going into pull back till support level.

marazzaq62

Brent oil seems to be in for bull run as we see formation of harmonic bat pattern plus divergence led break out on MACD.

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USDCAD has been trading with in rising wedge formation and the pair is in overbought phase for long. Divergence is printed on Awesome Oscillator but we need to wait for a clear and clean candle closure below the lower bound of rising wedge to open short positions.

marazzaq62 Updated 

GBPAUD has formed a clear cut flag pattern. We have divergence in place on Awesome Oscillator and histogram bars are in positive territory. We can expect retracement upto significant resistance cum support zone marked in rectangular shape from where price has shown tendency to bounce off in one direction or the other in past as highlighted in small circles....

marazzaq62

AUDJPY has made a powerful break out from descending parallel price channel after printing divergence on Awesome Oscillator. We can expect a sustainable bullish price action after testing of support area marked in rectangle.

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GBPUSD seems to be going through phase of accumulation with in falling wedge pattern. Price is consistently touch ichimoku cloud singalling that a clean break above it might be around the corner. Time to go long.