October 17, 2018
The GBP/CHF is trading at 1.3068 level which is above the major and minor EMA lines. We can see on the daily chart the pair remains within an established rounding bottom pattern, which is itself a strong bullish pattern. Well the way bears are dominating the bulls it seems like bulls are driving the car and travelling towards north side.
Continue reading “GBP/CHF: Bulls Are Driving Car And Traveling Towards North-side”
October 16, 2018
By observing the daily technical chart we can see that every new swing was making successively lower lows and lower highs on the daily technical chart and pair has made a low of 0.6423 level last week and after arriving at that level it bounced sharply towards north side. The NZD/USD pair has charted a bull flag on the 4 hourly chart, which is a continuation pattern, meaning a break above the flag resistance, currently seen at 0.6600, would revive the rally and would allow a rally to 0.6700.The prospects of bull flag breakout would weaken if the pair finds acceptance below the 100-hour exponential moving average (EMA) 0.6495. NZD/USD has rallied on the New Zealand CPI beat and is en route for a test of the 61.8% Fibonacci retracement at highs of 0.6594. NZD/USD is currently trading at 0.6575 having printed a post data high of 0.6589, from a low of 0.6494.
Continue reading “NZD/USD: Pair Has Bottomed Out, As Rounding Bottom Has Formed On 4 Hourly Chart”
October 05, 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: Bears Are Controlling The Game & Heading Towards South”
Sep 19 , 2018
If you don’t think psychology plays important role to your trading, you are missing the success. Every day, we involve in many activities we do not have control over which includes breathing, standing, sleeping, walking etc. Day trading does not only refer to purchasing live forex signals from a company, finding a strategy to follow, involving into hedging etc. Smart traders always have eminence that make them distinctive than other traders and help them pick more profits.
Continue reading “Amazing Traits Smart Traders Have- Learn from Them!”