GBPUSD Technical Analysis 10-05-2013

Hello everyone!

Here are the the gbpusd technical analysis for coming week, stay sharp and look for the sell opportunity or you can be a sell with the opening of the market.

In gbpusd chart we have,

A Bearish Crab Pattern formed in Daily chart, where the pattern end right at top we have an inverted hammer candle stick you can see in below gbpusd analysis chart. The black down side arrow is indicating the inverted hammer candle while the second black arrow is indicating about the bearish engulfing candlestick pattern. 

Price will going to test the previous resistance level which now act as a support 1.5750, and that level also will be our Take Profit level.

gbpusd chart 10/05/2013

Read More

USD/JPY Analysis 10-04-2013

Hello, everyone!

My today's analysis are about USD/JPY pair which is in downtrend from a while, there is a formation of Bullish Butterfly in H4 chart, I highlight the pattern in below usdjpy chart.

That is a clear signal for a buying opportunity, if you are thinking about sell.. that would be a bad idea.

Ultimate oscillator is having a Bullish divergence in Daily chart and also there is formation of higher high's and higher lows which is also bullish signals.

 price will going to test the resistance level which is 98.70 to 99.00.

USDJPY Chart 10/04/2013

Read More

Crude Oil Analysis 01-10-2013

Crude Oil has formed a Bullish Butterfly Pattern in Daily Chart and soon it will going to test the resistance level at 104.80-105.30.

There is a Bullish Gartley in H1 Chart which means from the short term and long term both are indicating signals about an up trend, other important signal is bullish divergence shown by the Stochastic Oscillator in daily chart, price is moving down continuously while the indicator is moving up with down trend.

these are the strong signals, however i am still waiting for placing a buy order because of the candles. Confirmation from candles is very important in short time frames like one hour/four hour charts, candle like a Doji or Hammer at support level always indicate a reversal in the trend.

So keep your eyes on the #CL and soon there will be an opportunity for buying.

Today's important levels are:

D_S1: 101.26
D_S2: 100.30
D_S3: 99.56
D_PP: 102.00
D_R1: 102.96
D_R2: 103.70
D_R3: 104.66

Crude oil analysis

Read More