Aug 21 , 2018
By analyzing the daily technical chart we can see that pair is heading north and dominating the bears at every nook & corner. When pair was arriving at 0.8650 level we have mentioned to buy this pair due to breakout of ascending triangle and pair bounced almost 300 pips and it is not going to stop for the time being as it is making successively higher highs and higher lows. The bulls are controlling the game for the time being and it does not seems that they are going to lose grip from the market.Bulls are most likely to test the 0.9032 level first and then a valid breakout of this level will open the way towards the 0.9100 and 0.9250 level.
Continue reading “EUR/GBP:Bulls are dominating the bears & marking 2018’s fresh high”
August 20, 2018
By observing the daily technical chart we can see that earlier pair was making successively higher highs and higher lows by taking the support from an uptrend line of uptrend channel. But after arriving 1.3168 level it stopped and slipped down to 1.3066 level.Overall pair is trading in an downtrend channel where balanced demand and supply is going on.
Continue reading “USD/CAD: Pair Received Supply From The Downtrend Line”
Aug 17 , 2018
By observing the daily technical chart we can see that earlier pair was making successively higher highs and higher lows by taking the support from an uptrend line. But after arriving 1.3380 level it stopped and slipped down to 1.3012 level. But bulls managed their self as the mentioned uptrend line is still valid and providing strength to the bulls. A daily closing above the 1.3380 level will open the way towards the 1.3450 and 1.3500 level in near term and the forming of swings indicates that this is going to be happen in near term.
Continue reading “USD/CAD:Heading South by taking the support of uptrend line”
Aug 16 , 2018
The crude oil has slipped to $64.48 level yesterday and made a multi month’s fresh low as it has breached the uptrend line on the daily chart. Overall it was falling down but after arriving at uptrend line bulls made a counter attack and try to took it upside but it could not sustain above the uptrend line and breached the mentioned line with a strong bearish marabuzo candlestick. Presently crude oil is trading below all the major and minor EMA lines and further downfall is still awaited.
Continue reading “Crude Oil:-Bears are swimming in the Red blood pool”
Aug 14 , 2018
By observing the daily technical chart we can see that pair is trading and moving towards the downside and making successively lower lows and lower highs with the formation of downtrend channel. Presently pair is trading below the moving average lines and three consecutive bearish marabuzo patterns have confirmed the bearish sentiments.
Continue reading “GBP/JPY: Bulls are finding support at bottom line of downtrend channel”