USD/JPY: Bears give the impression like hanging on the wall.

June 25 , 2018

 

By looking at the daily technical chart we can see that earlier pair was heading north side and an uptrend line was lying on the daily technical chart but due to geopolitical factors like interest rate hike by FED pair stop to move up and we have seen a steep downfall in the last week of the May 2018. Afterwards, bulls managed theirself and tried to took it upside but it failed and pair again slipped towards south side.

Continue reading “USD/JPY: Bears give the impression like hanging on the wall.”

Crude Oil: Finding support of an uptrend line.

June 22 , 2018

 

By looking at the daily chart we can see that black gold is providing us choppy sessions as it is finding support of an uptrend line. Earlier crude oil has made high of $72.87 level due to Venezuela factor and supply interruption but when the decision of rate hike declared it slipped to $64 level where the mentioned uptrend line was lying as it is a vital support level.

Continue reading “Crude Oil: Finding support of an uptrend line.”

Silver: Bearish storm can be seen in the white gold.

June 21 , 2018

 

On the daily chart any can observe that previous week’s gain has converted in just one day’s loss on last Friday where a dark cloud candlestick along with bearish engulfing candlestick has been posted on the daily chart which is generating purely bearish signal. There is no chances for bulls to recover for the time being as metal is trading and sustaining below the moving average lines.

Continue reading “Silver: Bearish storm can be seen in the white gold.”

Gold: After so long bearish breakout of consolidation phase

June 21 , 2018

 

By looking at the daily chart we can see that from 15th may 2018 to 14th June 2018 gold was trading into a strict range of $1282 to $1305 level but on last Friday bears initiated and it slipped to $1280 level but that was just a starting because earlier gold was providing us so many choppy sessions. Then in the current week bears got the same momentum and it took the yellow metal to further downside.

Continue reading “Gold: After so long bearish breakout of consolidation phase”