USD/CAD:Acid test for bulls at resistance level

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.

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USD/CHF:-Chances Of Double Top Pattern, Go For Short

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.

 

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Gold:-Tug Of War Between Bulls And Bears

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.

 

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