July 25 , 2018
By looking at the daily chart we can see that pair is trading in a downtrend channel which is generating bearish signal from long term to intermediate term point of view and it is making successively lower lows and lower highs. China plans to boost domestic consumption to stimulate economic growth.AUD/USD still stuck in familiar levels as uncertainty weighs more. From past couple of days bulls are leading in the pair and it seems like they are getting upside to retest the downtrend line.
Continue reading “AUD/USD: Pair may spring up to retest the downtrend line”
July 24 , 2018
From the daily outlook of technical chart we can see that pair is trading in horizontal channel or we can see the range bound territory. 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. Well pair is falling down and it is expected that pair will test the support line which is lying at 80.44 level.
Continue reading “AUD/JPY: Trading in horizontal trend channel, just sell”
July 24 , 2018
From past couple of days crude oil making an attempt to upside but due to lack of bullish momentum it is limited to $70 level and now again turned back to downside with strong selling pressure. Crude oil is failure to hold the price above $69 level as bulls seems as weak and bears seems as strong. Yesterday in the morning session the bulls were leading and heading towards the peak of the day but in the last trading hours it slipped to $68.20 level.
Continue reading “Crude Oil:-Bears are controlling the whole game”
July 23 , 2018
From the last couple of weeks we have mentioned to buy the pair and it bounced almost 100 pips but after arriving at 113.17 level it turned back to south side as we can say the profit booking is going on. Well the previous two trading sessions were bearish for the pair due to weakness in the dollar.
Continue reading “USD/JPY-Profit booking is going on, twisting back to south.”
July 20 ,2018
By looking at the daily chart we can see that pair has made a fresh low of year 2018 at 1.2957 level and still seems too weak to move down further. Overall pair is falling down from 1.4376 level to 1.3048 level continuously and pair is making successively lower lows and lower highs on the daily chart. Well pair is heading towards south side and it is a purely downtrend in the pair.
Continue reading “GBP/USD: Bears are controlling the game and heading south”