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GBP/NZD flag
gbp/nzd pair has broken out of a nice flag pattern and a small pullback is underway . the flag pattern after a swift fall in the pair indicates further downside and traders could look to sell the pair with a profit target of about 1.9050 .
EUR/USD accumulation
After a severe sell of in eur/usd pair over the past few weeks , we might be looking at some accumulation in the pair . On the 4 hour chart there is a bullish head and shoulders pattern as shown in the chart . A break of the neckline at 1.1700 level could lead to a sharp rally upto 1.18000 levels . Traders should watch for a break on the upside through the neckline to go long on the pair.
EUR/GBP triangle
Eur/gbp pair has formed a triangle pattern on the daily charts . A sharp sell off today in the pair suggests that the triangle might break down on the lower side . Traders should watch for a breakdown from the triangle which could lead to the pair falling up-to 0.8610 level.
EUR/GBP technical formation
eur/gbp pair has broken out of a beautiful head and shoulder bullish formation . Going ahead the Eur should outperform Gbp and eur/gbp could reach the target of 0.8950 level
EUR/USD liftoff from oversold condition
5 day RSI has moved below 10 and is extremely oversold . As can be seen this kind of oversold condition on daily chart has not occurred in eur/usd for more than one year. Further eur/usd is in an uptrend on the weekly charts. This extreme oversold condition is usually followed by a sharp bounce back . Traders can look for a 150 to 200 pip bounce in eur/usd from this level.
EUR/AUD triangle
Eur/ aud pair has formed a triangle on the 4hour chart . traders should watch for a breakout from the triangle to take positions . The triangle looks like a bullish formation but needs to be watched closely as a downside break is also possible.
Bullish Signs for Gold
Xau/Usd is showing very solid bullish patterns on the daily and weekly charts . On the daily chart as shown above we can see a perfect triangle pattern at the highs which indicates that there is accumulation at these levels. A break and close above 1355 could lead to a nice rally . Further chart no.2 which is the weekly chart shows a cup and handle pattern which is another extremely bullish formation and should lead to a strong rally .The target for June 1 is therefore 1404.48 . I will post upda…
EUR/NZD bullish structure
Eur/nzd is showing extremely bullish formation both on daily and weekly charts. On the daily chart we can see a bullish head and shoulders formation with a neckline at around 1.7100. On the weekly chart we can see a massive cup and handle formation which is very bullish for the pair . On the monthly chart the pair is moving up after making a pinbar . all these factors could result in the pair reaching the level of 1.7708 by 1st may 2018 .
DOUBLE BOTTOM IN XAU/USD
XAU/USD has formed a double bottom patten on the daily chart . this double bottom pattern has formed after a good rally and shows that there is bullish accumulation and support taking place between 1320 and 1350 levels .The weekly chart nicely shows the uptrend and consolidation which is taking place at the highs . This will surely lead to a breakout on the upside and the target by 1st may could be around the 1412.50 area