Market Overview: EURUSD Forex EURUSD wedge top formed but the rally is in a tight bull channel. The bear bars are weak and had no follow-through selling. Bears need to do more to convince traders that a pullback/reversal is imminent. Odds slightly favor EURUSD to trade at least a little higher. EURUSD Forex market The […]
EURUSD Weak Reversal Bar, Wedge Top
Market Overview: EURUSD Forex The EURUSD Forex market formed a EURUSD weak reversal bar as the weekly candlestick has a long tail above but a bull body. Bears want a pullback from the wedge top. They will need to create follow-through selling to increase the odds of a pullback. Bulls want the pullback to form a higher […]
Nifty 50 Futures Triangle
Market Overview: Nifty 50 Futures Nifty 50 futures triangle on the weekly chart is a breakout mode pattern. Traders would prefer to wait for the breakout before taking any position. The overall weekly chart is in a big trading range so traders should not prefer to hold trades for too long with big targets. Nifty […]
Nifty 50 futures positive gap acting like magnet
Market Overview: Nifty 50 Futures The Nifty 50 futures positive gap acting like magnet with market still being in an expanding triangle, but started with a new bear channel in the daily charts, finally market gave a breakdown of a wedge. Nifty 50 futures The Weekly Nifty 50 chart General Discussion Increasing bearishness near the […]
