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.
Continue reading “EUR/JPY: Formation of double bottom price pattern”
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.
Continue reading “GBP/JPY: Failure of rounding bottom pattern pushes to south side”
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.
Continue reading “GBP/CHF: Trading in downtrend channel with full bearish momentum”
June 8 , 2018
Earlier bulls were heading north side aggresively but after arriving at 1.0054 level it tumbled down as we have seen strong counter attack from bears due to potential double top pattern. The 1.0054 level was a strong key resistance level so some supply was already expected but twisted back to 0.9808 level which is a multi weeks low.
Continue reading “USD/CHF:Bearish Storm due to double top pattern.”
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.
Continue reading “XAG/USD(Silver)-Bulls Are Attacking, Just Buy”