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”
June 20 , 2018
Yesterday we have seen that bulls are dominating the market at every nook and corner and it seems like blood bath is going on from bear’s campaign. Last week pair was trading above the moving average but now scenario has changed pair is trading below all the major and minor EMA lines and yesterday a big bearish marabuzo candlestick has been formed which engulfed previous 4-5 daily trading sessions.
Continue reading “GBP/JPY: Bears are dancing on the floor, heading south side”
June 19 , 2018
By looking at the daily chart we can see many whipsaws as bulls and bears were fighting with each other initially bulls were leading but now bears are domination the bulls and we can see a roller coaster ride in the pair. Last week pair was trading above the moving average but now scenario has changed pair is trading below all the major and minor EMA line as it’s hovering at 1 year’s fresh low.
Continue reading “AUD/USD: Bears are surging at 1 year’s fresh low.”
June 18, 2018
In the gold both bulls and bears were in consolidation phase and no one was ready to move either side. On the Friday we have seen blood bath during the day as a big bearish marabuzo candlestick has been posted on the daily technical chart. Earlier both bulls and bears were died and investors were feeling bored but Friday’s move was a new silver lining for traders and investors. We can say that Tug of war was going on and bears were able to take it at their side i.e. South side.
Last trading session engulfed last couple of day’s trading candlesticks which are a strong bearish indication for sellers. Yesterday’s move shown the bearish pressure and we witnessed that bears are in attacking mode as Falling T-bond yields fail to help gold limit its losses.US Dollar Index looks to make its highest weekly closing of the year.
Continue reading “Gold: Bears Are Out of Cage & Heading South Side”
June 18, 2018
Last week, on Wednesday pair slipped approx. 200 pips which was the biggest daily downfall of the year and a bearish engulfing candlestick has been formed on the daily technical chart. Earlier after making a low of 1.3203 level bulls tried to managed and we have seen some reaction but due to Fed announcement related to interest rate pair tumbled down and all bulls were dominated by bears.
Continue reading “GBP/USD: Bears Are Still Facing The Selling Pressure”