Sep 13 , 2018
From past couple of days we can see too many volatile sessions in the crude oil and we have witnessed many roller coster rides. Well during the tug of war between bulls and bears we are expecting bearish movement in near term. The current set up has been constructed for double top pattern where yesterday we have seen shooting star candlestick which is a bearish reversal pattern.
Continue reading “Crude Oil:-Potential double top pattern has formed”
Aug 2 , 2018
By looking at the daily chart we can see that earlier pair was trading and moving in uptrend and was making successively higher highs and higher lows on daily basis but after arriving near 1.5860 the demand of pair was over but still it did not decline and holding the nearby region since 26 June 2018. From technical prospective we can see that the present set up has been made up for rounding top pattern where it just need a flow of news to crack down. A small downfall below 1.5700 level will push it further downside and bearish storm may come below that level.
Continue reading “EUR/AUD: Perfect set up for rounding top pattern”