EUR/JPY-Bears Are Dancing On The Floor, It’s Party Time.

May 24, 2018

 

Pair has made a fresh low of 2018 as Solid JPY demand has occurred whereas PMI in Germany was disappointing and EMU helped with EUR selling. Pair is making successively lower lows and lower highs and we can see complete blood bath on the chart. The three black crow candlestick pattern has been posted on the daily chart which is signaling that bears are not in mood to take rest.

 

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USD/CAD: Bulls are moving in uptrend channel

May 21, 2018

 

After getting so much choppy sessions last week we have seen a bullish moves which mainted our bias as bullish on the pair. As base currency is USD so strong demand can be witnessed universally. Both bulls and bears are fighting with each other but seems like bulls have taken the advantage but we will get further bullish confirmation once pair trade above the 1.3000 level.

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USD/CHF: Pair is trading at make or break level

May 21, 2018

 

The Swiss Franc is considered as safe haven currency at the time of uncertainty as due to strong dollar demand pair moved towards north side as the 10 year US Treasury yield benchmark is also breaking above multi years highs.

 

Currently pair is trading at 0.9984 which is very crucial territory as we can see that its previous swing’s high. Earlier bulls were making higher highs and higher lows but now bulls are struggling after arriving near 1.000 level which is a strong resistance level. Well pair is trading at make or break level so traders and investors are advised to sit aside for the time being as long as we see a valid move on either side.

 

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