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.
Continue reading “EUR/JPY-Bears Are Dancing On The Floor, It’s Party Time.”
The short term trend of gold seems bearish but from past of days bears are struggling to move down further. As yellow metal arrived at $1290 level which is 61.8% fibonacci level i.e. strong key support level.
Continue reading “Gold: Doji and Hammer at 61.8 fibonacci level”
May 22, 2018
By looking at the daily chart we can see that bulls are driving the car and have full control on the crude oil. Stock is making higher highs and higher lows on the daily chart and an uptrend line is lying on the daily chart and providing bullish strength. A bullish marabuzo on the daily technical chart is providing full on bullish sentiments.
Continue reading “Crude Oil Has Become The Sky Rocket.”
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.
Continue reading “USD/CAD: Bulls are moving in uptrend channel”
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.
Continue reading “USD/CHF: Pair is trading at make or break level”