technical analysis pcmbrokers - page 6
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By having the harmonic pattern formed on the daily TF we are observing a price reversal. Later, we are expecting to see a drop to the bottom of the channel if the selling pressure persisted.
Analysis By Our Specialist
gbp aud
Analysis By Our Specialist
On the H4 chart we are observing a wedge pattern and on the other hand the indictor “RSI” is moving downside. In such a condition we are expecting to see a drop upon breaking 1.8150 area belo
gbp usd
On the daily chart, the price is within a bullish channel and near 2 harmonic patterns the reversal is on-sight. Till May 13th its time will be fulfilled. If the supply pressure persists across the market, the expectation is for a drop then.
Analysis By Our Specialist
eur jpy
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On the H4 TF, we are observing the harmonic pattern low on bottom of the bearish channel and also a positive divergence has happened at almost the same time. Till May 20th its time will be fulfilled and we are expecting an up move if the demand fuels up across the market and having the price stabilized around 139.00.
aud usd
On the daily chart, we are seeing the bottom of the channel is being broken below. If 0.9200 support level is violated, a drop could be observed by the pair.
Analysis By Our Specialist
gbp chf
Analysis By Our Specialist
The price is showing bullish behavior as a channel. We are expecting to have a drop if the 1.4950 being violated and the selling pressure extends across the market.
On the H4 TF, the price is moving down along with a bearish trend. By having the trend line broken around 1.6850, we will be observing a growth.
Analysis By Our Specialist
eur usd
On the daily chart we see a Shark harmonic pattern and its time will be fulfilled till June 23 and we are expecting to have it up in case of happening positive divergence.
oil
On the daily chart, we see the price reversed from the beneath of the channel top line by having a harmonic pattern being formed. As it continues, we are expecting a drop if the bottom of the channel has been broken lower by the price.
On the H4 chart the price has been going up inside a bullish channel. If the bottom of the channel is violated lower, a drop will be happening then.
Analysis By Our Specialist