November 29, 2018
In our last report we have mentioned to buy this pair at 0.6600 level, we are hoping that readers must have made handsome profit from this predetermined move. Well we already to anticipated that potentical rounding bottom is in process of formation when it was in it’s initial phase. Well presently pair is hovering at 0.6847 level which is generating pure bullish signal and indicating that pair is appraoching the 0.7050 level.
From technical prospective we can see that an uptrend line is lying on the daily technical chart which is generating bullish signal. Pair is making successively higher highs and higher lows on the daily chart and the way bulls are approaching the 0.7057 level in near term. A bullish marabuzo candlestick above the moving averages is leading the pair and heading towards north side.
Well the current stance shows a bullish momentum and pair has crossed the moving average, the 0.7057 is the next stumble block for bulls . We are hoping that bulls will clear this level.The way bulls are reacting it seems like bulls have started the journey and they are not going to stop as early, we are hoping that bulls will test the 0.7057 level atleast.
November has been a good run for the NZD/USD, continuing a string bump upwards from October’s bottoms near 0.6425, and resurgence in broad-market Dollar bidding sees the NZD/USD maintaining a healthy grip on the longer timeframes, with Daily candlesticks pinned well above the 50-day moving average near 0.6830.
Three white soldier pattern followed by a big bullish marabuzo candlesticks above the moving average line are supporting the bulls on the daily chart. Odds are in favor of bulls and intraday bias remains bullish on the pair as long as 0.6700 level remains intact. The RSI is also supporting the bulls from positive territory and a bullish crossover has been occurred on the MACD indicator which is also generting bullish signal and strengthening the bulls.
November 29, 2018
The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is frequently among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair has a propensity to rise in a low risk environment on carry flows while the opposite is true when we see a ‘risk-off’ approach in the markets.
Continue reading “AUD/JPY: Clear Breakout Of Bullish Flag Pattern, Pair Will Shoot Up”
November 28, 2018
By analyzing the daily technical chart we can see that pair is bouncing from the short term uptrend line and recently it received bounce from the 112.30 level and heading towards north side. Well the pair is floating between ascending triangle which is generating bullish signal for the time being, however we will receive further strong signal above 114.50 level in the short term.A valid breakout above 114.50 level will open the way towards the 116 level.
Continue reading “USD/JPY-Pair Is Floating Between The Ascending Triangle”
November 28, 2018
The EUR/USD pair, which spent the majority of the day fluctuating above the 1.13 handle, came under pressure in the evening session and fell to its lowest level since November 15 at 1.1278 before going into a consolidation phase. As of writing, the pair was down 0.35% on the day at 1.1290. The pair remains under pressure so far this week, briefly dropping to fresh multi-day lows in the 1.1290 region.
Continue reading “EUR/USD: Bulls Are Trying Their Best To Reach North Side”
November 26, 2018
Last week we have witnessed a clear sell off in the crude oil, as we can see that it marked a low of $50 level which was the fresh 2018’s year low on the daily chart. Black gold reversed all the yearly gains and it lost almost 10% in the last week. From the fundamental prospective China’s gasoline exports fall to its lowest level in more than a year. OPEC is reportedly looking to pull back production to 2016 levels. However, the Wall Street Journal recently reported that Saudi Arabia and OPEC was looking to cut the current production by around 1 million barrels per day to 2016 levels and helped the WTI recover a small portion of its daily losses.
Continue reading “Crude Oil: Black Gold Marked A New Low On Black Friday”