June 11 , 2018
Earlier bulls were heading north side aggresively and making higher highs and higher lows but after arriving at 1.3067 level they are struggling to move up further due to strong supply zone as it is previous swing’s high. However, bears are not able to convert this opportunity and pair is still hovering at that level. The 1.3093 level is a make or break level. A valid breakout of this resistance level will open the way towards the 1.3250 level and a downfall from this level will put the pair at 1.2850 level and then bears will get active.
Continue reading “USD/CAD:Acid test for bulls at resistance level”
June 7 , 2018
Earlier pair was heading south side and was making successively lower low and lower highs but after arriving at 1.3200 level we have seen strong demand for bulls. Bulls made a strong counter attack on the bears and took the pair at 1.3430 level which is above all the moving averages for the time being.
Continue reading “GBP/USD:-Potentical Rounding bottom pattern”
June 1, 2018
Well earlier pair was making successively higher highs and higher low but after arriving at 1.0030 level which is a previous swing’s high, the bulls were unable to have further rally and it limited to that level. As it was a strong key resistance level so bears enter in the market and tried to dominate the bulls. Bears got the enough strenght for first phase and took it downside below all the major and minor EMA lines. Well from technical prospective we can see that potential double top pattern has been formed which indicates that it is just a starting further downfall is still awaited.
Continue reading “USD/CHF:-Chances Of Double Top Pattern, Go For Short”
June 1, 2018
On the daily chart earlier pair was heading south but after arriving at 0.7411 level we have seen a pullback from the buyer’s campaign and a hammer candlestick has been formed. Bulls managed their self and trying to move it upside. Presently moving averages are overlapping with each other due to that we have seen choppy sessions.
Continue reading “AUD/USD Bottomed Out Or Just A Correction?”
May 30, 2018
From past couple of days we can see the tug of war is going on between bulls and bears and and both are trying to show their strength. Well the past 8-10 trading days are completely choppy session which is not indicating any signal. The short term moving averages are overlapping with each other. We are not getting any signal for the time being. The traders and investors are advised to sit aside and wait for the clear breakout on either side. The range is $1308 to $1282 is very strict range and chances are very high that we may see bullish breakout of $1308 level in very short term.
Continue reading “Gold:-Tug Of War Between Bulls And Bears”