EUR/JPY: Formation of double bottom price pattern

Aug 28 , 2018

 

By analyzing the daily technical chart we can see that pair was successively lower lows and lower highs and it arrived at 124.95 level with the formation of rounding top pattern. The 124.95 level is strong key support level as pair has received panic demand from this level earlier also. In the end of last week we have seen a counter attack from bull’s side and a double bottom pattern has been formed on the daily technical chart.

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GBP/JPY: Failure of rounding bottom pattern pushes to south side

Aug 7 , 2018

 

By observing the daily technical chart we can see that pair is trading and moving towards the downside as we can see the failure of rounding bottom pattern has converted all the bullish sentiments into the bearish sentiments. Presently pair is trading below the moving average lines and three consecutive bearish marabuzo pattern has confirmed the bearish sentiments.

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GBP/CHF: Trading in downtrend channel with full bearish momentum

July 31 , 2018

 

By looking at the daily technial chart we can see that pair is trading in downtrend channel with full of bearish momentum and heading towards south side. In the starting of July month we have seen a counter attack from bull’s side but it was limited to 1.3260 as we can see it as a profit booking. After that bears turned back into the game and taking it downside as it is trading at 4 month’s fresh low.

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XAG/USD(Silver)-Bulls Are Attacking, Just Buy

May 25, 2018

 

Silver is seeking support continuously from the $16.124 level and seems ready to move upside towards $17.30 level. The current geopolical situation for US dollar seems beneficial for silver for the time being. From technical prospective we can see a potential rounding bottom pattern has been formed on daily chart which is providing bullish signal for traders and investors.

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