May 24, 2018
EUR/USD has made fresh low of 2018 after optimistic stance of FOMC as FOMC says next rate hike will likely be soon and US dollar strengthens due to FOMC and Euro is unable to find the support against dollar. As we have mentioned in our last week report that sell this pair as long as US dollar getting strength. The pair is declining and heading towards south side. On technical ground, a rounding top pattern has been formed on daily chart and providig strenght to the bears, well the way bears are reacting it seems like they are approaching the 1.1500 level in short term.
Continue reading “EUR/USD-Rounding Top Pattern Boosting The Bears.”
May 24, 2018
Pair has made a fresh low of 2018 as Solid JPY demand has occurred whereas PMI in Germany was disappointing and EMU helped with EUR selling. Pair is making successively lower lows and lower highs and we can see complete blood bath on the chart. The three black crow candlestick pattern has been posted on the daily chart which is signaling that bears are not in mood to take rest.
Continue reading “EUR/JPY-Bears Are Dancing On The Floor, It’s Party Time.”
The short term trend of gold seems bearish but from past of days bears are struggling to move down further. As yellow metal arrived at $1290 level which is 61.8% fibonacci level i.e. strong key support level.
Continue reading “Gold: Doji and Hammer at 61.8 fibonacci level”
May 22, 2018
By looking at the daily chart we can see that bulls are driving the car and have full control on the crude oil. Stock is making higher highs and higher lows on the daily chart and an uptrend line is lying on the daily chart and providing bullish strength. A bullish marabuzo on the daily technical chart is providing full on bullish sentiments.
Continue reading “Crude Oil Has Become The Sky Rocket.”
May 21, 2018
After getting so much choppy sessions last week we have seen a bullish moves which mainted our bias as bullish on the pair. As base currency is USD so strong demand can be witnessed universally. Both bulls and bears are fighting with each other but seems like bulls have taken the advantage but we will get further bullish confirmation once pair trade above the 1.3000 level.
Continue reading “USD/CAD: Bulls are moving in uptrend channel”