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”
July 20 , 2018
In our last report in the first week of July we have mentioned that buy this pair at 0.8650 level and we are expecting that readers have made smart earning from this fabulous rally as it has arrived at 0.8950 level. This pair becomes too volatile at there is choppy sessions in EUR/USD or GBP//USD. This pair is known for hedge pair. Well pair is making highers highs and higher lows on the daily technical chart and arrived at 0.8950 level which is a key resistance level.
Continue reading “EUR/GBP:Will receive supply pressure or strong demand?”
July 19 , 2019
By looking at the daily technical chart pair is heading towards south side as we can see many swings with a bearish flow, all these wipsaws are seems like a baloon for sellers and generating bearish signal as we can see that an inverted rounding bottom pattern is forming and pair is trading below all the major and minor EMA lines.
Continue reading “GBP/AUD: Inverted Rounding bottom pattern is forming”