USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h chart. Evening star candle stick pattern is also suggesting a downside correction for a while.

On 4h Chart MACD is also indicating a  sell signal. At the same time RSI is moving down below its 9 period MA.

Trade Idea
- Limit Sell USDCHF at 0.9955
 Stop Loss above 0.9990
Target 0.9885-0.9850

USDCHF 4h Chart. 

Sell AUDUSD for $0.7023

AUDUSD temporarily top at 0.7235 from the swing low of 0.6770. Now Aussie is looking for correction.
China's trade balance sigures for Monday dragged the AUDUSD lower.

Trade Idea Sell AUDUSD at 0.7207
Stop loss : Above 0.7235
Target: 0.7120-0.7055-0.7023

AUDUSD 4h Chart

Prime Life Insurance Company PLIC Is Forming Bullish Wave - Elliott Wave Analysis

Prime Life Insurance Company Limited #PLIC moved sharply higher towards 587 level in exponential fashion, is called motive wave as per Elliott Wave Theory. PLIC got important support at Fibonacci 0.618 in 3 waves. Both Elliott Wave and Fibonacci Retracement suggest that we could see Prime Life Insurance  #PLIC trading higher 587 in the days ahead. 

As long as Prime Life Insurance Company PLIC trades above 385 bullish structure is in intact. 

Investment Idea: Buy on Deep | Target Rs 587 or Above

Invalidation: Rs 385. 

Prime Life Insurance Company #PLIC Weekly Elliott Wave Analysis Chart

ADBL Agriculture Development Bank Targets Rs 536 Or Above - Elliott Wave Analysis

Agriculture Development Bank #ADBL fell towards Rs 283 from the life time high of Rs 536 in 3 waves which indicates ABC wave as per Elliott Wave Principle.

A sharp bullish move from Rs 283 to Rs 382 seems first wave as Wave I) which retraced around 0.786 level and completed wave II) in 3 wave fashion. Now ADBL is moving higher for wave III) in extended fashion. If ADBL holds above Rs 320 we will see nice bullish move towards new short term high.

Investment Idea: Long (Buy) Target Rs 536 or Above
Invalidation level Rs 320 (If ADBL falls below rs 320 the count will be invalid)

Agriculture Development Bank #ADBL Daily Elliott Wave Analysis Chart. 

Ripple #XRPUSD Targets 0.8700 - 1.2000

XRPUSD made a sharp move from 0.2464 to 0.8000. Topped on 0.8000 dated September 11, 2018, now XRPUSD is trading inside a triangle. As per Elliott Wave theory the sharp move towards 0.8000 has clear character of Wave A.

On going correction with in a triangle seems abcde triangle. Elliott Wave tells wave B could be triangle too. If our count remain valid then very soon we will be bulls rally towards 0.8700-1.2000 level.

Trade Idea Long XRPUSD. Target 0.8700-1.2000
Invalidation level. 0.2800.

XRPUSD #Ripple Daily: Elliott Wave Analysis 

Nepse Eyes 1087 -898 Before Bullish Move

Nepal Stock Exchange #Nepse topped at 1888.36 from the low of 257. The move from 257 to 1888.36 was quite bullish which is called motive wave as per Elliot Wave theory. Where wave (3) was extended.

From the historical high of 1888.36 #Nepse begun its correction. Where we could see Wave (c) is near to completion. Another powerful theory Fibonacci indicates that #Nepse still has to fall around 1058 - 898 before it begins Bullish journey.

Investment Idea: Long (as much as you can)
Hold: at least 5 years For Nepse arround 2560

GOLD‏ (Spot) intraday: key ST resistance at 1305

Pivot: 1305.00

Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.

Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.

Comment: as long as 1305 is resistance, expect a return to 1277.