USD/JPY-Ascending triangle bullish breakout on the cards

July 2 , 2018

 

By looking at the daily technical chart we can see that pair is making successively higher lows but unable to make higher highs at it is getting supply pressure from the horizontal line and result is an ascending triangle has been formed on the daily technical chart, even a bullish breakout is on the cards as a bullish marabuzo with full of bullish sentiments is trying to breach this resistance line.

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EUR/USD: Is it profit booking or trend reversal?

July 2 , 2018

 

Daily chart analysis indicates that earlier bears were driving the car and seating at the front seat but after arriving at 1.1500 level it bounced back to 1.1843 level with very sharp ‘V’ shape recovery but bulls again could not manage their self and pair slipped to 1.1500 level once again and presently pair is trading at 1.1660 level. It seems like both bulls and bears are fighting and trying to take it at their own side but no one is getting advantage.

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EUR/GBP: Potential Rounding Bottom Pattern Is In Process

June 29, 2018

The daily chart of EUR/GBP seems very healthy for buyers as pair is making successively higher highs and higher lows on the daily technical chart. From technical prospective we can see that a potential rounding bottom pattern is in process of formation and we are expecting that bulls will do the full effort to complete it. The bare minimum target seems as 0.8971 level in near term.

 

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Silver: Bears Are Driving The Car & Going For Long Drive

June 29, 2018

On the daily chart anyone can observe that bears are dominating the bulls at every nook & corner and white metal is heading towards south side with strong bearish momentum. On daily technical chart it has breaked the strong support level as we have mentioned earlier also that a valid breakout of this support level will open the towards the 15.50 level. However, bears initiated their journey so well and we expecting same further as US dollar is also getting stronger as yesterday also US weekly jobless claims increase by 9000 and US first quarter GDP growth slide to 2% from 2.2%.

 

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