GBP/USD: Bears are controlling the car & going to south

Aug 13 , 2018

 

By looking at the daily chart we can see that pair is falling down with formation of successively lower lows and lower highs and presently it has arrived at 13 month’s fresh low. Mostly pairs have become too volatile for the time being and it’s time to earn the money in any pair. There are so many opportunities available in the market. As we have mentioned in the previous report that rounding bottom pattern has formed and pair will fall down and we proved it.

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AUD/JPY: Balanced Demand & Supply Going On

August 10, 2018

 

From the daily outlook of technical chart we can see that pair is trading in horizontal channel or we can say that the it is trading between the range of 80.44 to 84.43 level. Well these types of channel are very profitable opportunity as pair trades in a predictable way. Buy at support line and sell at resistance level, the same thing is going on in the pair for the time being. Presently pair is falling down and it is expected that pair will test the support line which is lying at 80.44 level.

 

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GBP/CHF:Bears breached the key support level

Aug 9 , 2018

 

 

By looking at the daily technial chart we can see that pair is trading in downtrend channel with full of bearish momentum and heading towards south side. In our previous report also we mentioned that to sell this pair as pair is surviving in the decending trading channel since last 4 months which is validating the bearish momentum. Not only this pair even all the pair where GBP is the base currency are falling down due to  fears of a no-deal Brexit accelerated on news indicating that the UK Cabinet is preparing contingency plans for the UK crashing out of the EU without a deal.

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EUR/GBP:Bulls are heading at year 2018’s fresh high

Aug 8 , 2018

 

In the last month we have mentioned to buy this pair at 0.8650 level and presently pair is trading at 0.8967 level which bounced almost 300 pips. we are expecting that readers have made smart earning from this fabulous rally. This pair becomes too volatile and heading at 2018 year’s fresh high.The pair is making highers highs and higher lows by taking the support of an uptrend line on daily technical chart.

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GBP/JPY: Failure of rounding bottom pattern pushes to south side

Aug 7 , 2018

 

By observing the daily technical chart we can see that pair is trading and moving towards the downside as we can see the failure of rounding bottom pattern has converted all the bullish sentiments into the bearish sentiments. Presently pair is trading below the moving average lines and three consecutive bearish marabuzo pattern has confirmed the bearish sentiments.

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