GBP/JPY: Bulls are finding support at bottom line of downtrend channel

Sep 4 , 2018

 

By observing the daily technical chart we can see that pair is trading and moving in a downtrend channel where perfect balanced demand & supply is going on. It’s good range for short term traders because there is pure anticipated move, if pair comes at bottom line just buy and if pair goes to upper line go for sell the pair, this process is going on from 154 to 140 range. In this steep range pair has given so many buying and selling opportunity to trade.

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EUR/CHF: Bears are heading towards south side head & shoulder pattern

Aug 31 , 2018

 

In the first look of daily technical chart of the pair one can see that pair is heading towards south side. By in depth analysis we can observe that the head and shoulder pattern has formed on the daily chart and the neck line has been breached out. Presently pair is trading and sustaining below the neck line which is providing us bearish signal.

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GBP/USD: A Strong Counter Attack Towards North From Bulls.

August 30, 2018

 

By observing the daily technical chart we can see that pair was falling down and was making successively lower lows and lower highs. It was trading and sustaining below the moving average lines. In the starting of the month it has made a low of 1.2658 level, which is a 14 month’s fresh low but it could not sustain at that level and we have seen a steep recovery.

 

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Crude Oil:-Profit Booking Has Done It’s Time To Sell Again

August 29, 2018

 

By analyzing the daily technical chart we can see that crude oil is trading and moving in complete downtrend where it is making successively lower lows and lower highs. Well after making a low of $64.40 level we have seen some bounce back as it was expected that after a steep downfall some profit booking should be there to make it an healthy trend.

 

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EUR/JPY: Formation of double bottom price pattern

Aug 28 , 2018

 

By analyzing the daily technical chart we can see that pair was successively lower lows and lower highs and it arrived at 124.95 level with the formation of rounding top pattern. The 124.95 level is strong key support level as pair has received panic demand from this level earlier also. In the end of last week we have seen a counter attack from bull’s side and a double bottom pattern has been formed on the daily technical chart.

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