Bespoke resistance is located at 1.3060. The formation has a measured move target of 1.2580.
A break of 1.3441 and the measured move target is 1.3600. We look to buy mild dips to improve risk/reward
Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level.
Possibly forming a bullish reverse Head and Shoulders pattern. A break of 1.1460 would confirm the outlook.
Previous support has now been broken. Although intraday signals for sentiment are at oversold extremes, there is no clear indication that the downward move is coming to an end
Broken out of the wedge formation to the downside. Reverse trend line resistance is seen at 0.7172. Bespoke resistance is located at 0.7158-63
Possibly forming a bullish reverse Head and Shoulders pattern. Channel support is located at 1.2764. Bespoke support, at 1.2767
Broken out of the Head and Shoulders formation to the upside. The measured move target is located at 1.1505
A classic reverse head & shoulder pattern looks to be forming. With bespoke support located at 26410 we look for further losses to be limited. On a break of 27300 the measured move target is 29110
Mixed trading for the last 84 days has resulted in an Expending Wedge formation being posted on the daily chart. This has an eventual bias to break to the upside. He measured move target on a break of 1.3000 is 1.3300. We look to buy dips