GBP/USD Dark Cloud Cover Pattern

Good Morning Traders, On our last Analysis we earn a small Green pips on AUD/JPY , NZD/CAD and closed before our targets because of non-volatility in market.

Now It's time to take a look on GBP/USD Weekly Timeframe. Last week GBP made a DARK CLOUD COVER Pattern & we can see that market has already meet its 50% and goes exactly down and if market break the 1.65800 Support Level we can short there and our target will be next support

Cheers

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NZD/CAD Shooting Star on Top

Good Morning traders, NZD/CAD forms a shooting star on friday(21-feb-14) on top and making Double TOP as well as on Daily timeframe. Price has already touched the 50% of Shooting Star so, we can enter here for Short(sell) entry @cmp or 0.9233 by applying limit& our target will be next Support. RESISTANCE :0.9273 SUPPORT(1) :0.9058 SUPPORT(2) :0.8936

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AUD/JPY Trade Setup

Again a Gems & Precious Commentary for You, Aud/Jpy has touched the nearest Support zone on Thursday and made a Long Tailed/Fakey Pin Bar setup OR

Doji = Indecision candle (nor buyer or sellers has control respectively)

You can enter an approximate of 50% retrace of pin or on breakout of the pin candle Further we can see two pin bars in weekly timeframe which also indicates the direction towards bullish momentum. RESISTANCE: 94.04 KEY SUPPORT: 91.04 MAJOR SUPPORT: 88.22

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NZD/USD Daily Outlook

Again a Gems Trade Commentary for You,

The NZD/USD has touched the Key Resistance zone (0.8368-0.8431) in this week and formed a Small Bearish Pinbar on Daily Timeframe. We could say that market will fall down and touch the Key Support at the bottom which is (0.8150) or Major Support (0.8083) in coming days if the bearish movement continues.

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AUSSIE Commentary

Hello Trades, We can see AUSSIE(Aud/Usd) forming Inverted Head & Shoulder Pattern and beside this, it's also forming double top on daily time. This clarifies that we can trade here after daily closing and may see any reversal pattern which starts the beginning of bearish move. RESISTANCE: 0.9085 KEY SUPPORT: 0.8826 MAJOR SUPPORT: 0.86594

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