Sep 12 , 2018
Overall pair is heading north side from last 4 consecutive weeks where we can see that only bulls are visible. The way bulls are reacting it gives the impression like they are not ready to stop for the time being and approaching at least 1.6585 level which is the swing high of August 2015.
Continue reading “EUR/AUD: bulls have become too aggressive & may approach 1.6585 level”
Aug 6 , 2018
By analyzing the daily technical chart we can see that pair has turned back to south side all of sudden. Well earlier pair was heading towards upside and was sustaining above the moving average lines but now it is falling down with bearish engulfing candlestick along with three black crow pattern which generates completely bearish signal.
Continue reading “EUR/JPY: Bears snatched the bite from bull’s mouth”
Aug 1 , 2018
By observing the daily technical chart we can see that earlier pair was making successively higher highs and higher lows by taking the support from an uptrend line. But after arriving 1.3380 level it stopped and slipped down to 1.3012 level. Well in the recent selloff the uptrend line has been breached out which means there are no more bullish sentiments.
Continue reading “USD/CAD:Rounding top pattern is in process of formation”