November 16, 2018
By looking at the daily chart we can see that currently pair is falling down with pure bearish momentum as we can observe that earlier it was making successively lower lows and lower highs and the short term to intermediate term trend is down so in an downtrend market always sell on high which will be profitable strategy. No Brexit deal is the main reason due to which GBP tumbled down to south side as we know that here the GBP is base currency due to which we have pure sell off all of sudden.
Continue reading “GBP/CHF: Bears Are Turning Back To South,With Double Top Pattern”
Novemver 16, 2018
By looking at the daily chart we can see that EURO is the base currency in the pair and jumping up in all the pair whereas GBP is getting weaker in all the pairs. This pair is known as fabulous hedged pair so it has got momentum towards upside. Earlier pair was falling down with purely bearish momentum and it marked a low of 0.8654 level in the current week.
Continue reading “EUR/GBP: Massive Bullish Storm; All Of Sudden In The Pair”
November 15, 2018
The AUD/USD pair rallied to north side as it has cleared all the acid test which was pressuring it to downside but now it has given us breakout of downtrend line which is providing us bullish signal. Earlier every swing of the pair was making successively lower lows and lower highs it was trading in completely downtrend from long term prospective as we can see that a downtrend line is also lying on the chart which was providing bearish signal but now bulls has given us valid breakout of this downtrend line and presently bulls are sustaining above this level which is providing strength to the bulls.
Continue reading “AUD/USD:Bulls Cleared All The Acid Test, To Be In The Race”
November 15, 2018
By looking at the daily chart we can see that pair is hovering at 1.5562 level, which is already a fresh 5 month’s low. Well bears are dominating the bulls at every nook and corner and only bears can be seen everywhere. The way bears are heading towards south side the bulls are purely absent in the market and it does not seem like they will show their presence in near term. Pair is trading below all the major and minor EMA lines.
Continue reading “EUR/AUD: Only Bears Can Be Seen, As They Are Dominating The Bulls”
November 14, 2018
Yesterday crude oil collapsed almost 6% and traded below $56, overall it lost almost 15% since the beginning of the month. Yesterday it marked a low of $55.75 level, lowest since December 2017. Over supplied concerns and the increase in the production from non-OPEC continue to weigh on crude oil. The price has fallen practically on every single day in November. From the October’s peak at $76.90, it lost almost 27% of its value.
Continue reading “Crude Oil: It’s Time To Collect The Oil, Bears Completed Their Journey”