Sep 7 , 2018
Earlier pair was making successively higher highs and higher lows on the daily technical chart but it was limited to 130.84 level but after arriving at 130.84 we have seen a sharp decline with the formation of bearish engulfing candlestick. From past couple of days it is falling down and presently it is trading below the crossed moving average lines.
Continue reading “EUR/JPY: Pair falling down with potential head & shoulder price pattern”
July 25 , 2018
Overall pair was falling down from 1.2400 to 1.1501 with a strong bearish momentum and without taking any rest or correction. Well after arriving at the bottom side it seems like bears has become tired and bulls made a counter attack but could not succeed. From the starting of June 2018 and July month is also about to end, the tug of war is going on. Both bulls and bears are fighting and trying to take the pair at their own side but no result can be seen.
Continue reading “EUR/USD: Tug of war between bulls n bears, who will win.”
July 10 , 2018
Earlier we have seen that bears were dominating the bulls at every nook and corner and it seems like blood bath is going. The pair was trading below all the major and minor EMA lines and bears were getting downside pressure from a downtrend line. Presently the picture has been changed as the downtrend line has breached out and pair is trading and sustaining above that line and all major and minor EMA lines.
Continue reading “GBP/JPY: Bulls are advancing due to breakout of downtrend line”
July 4 , 2018
By analyzing the daily technical chart pair is turning back to south side as profit booking is going on in the pair. Well we have a strong rally from 1.2545 level to 1.3370 level and it now we can see some retracement is going on . The intraday traders can go for short as pair may test the 1.3056 level and 1.2955 level which are the 38.2% and 50% of fibonacci retracement support.
Continue reading “USD/CAD:Strong counter attack from bear’s campaign”
July 2 , 2018
By looking at the daily technical chart we can see that pair is making successively higher lows but unable to make higher highs at it is getting supply pressure from the horizontal line and result is an ascending triangle has been formed on the daily technical chart, even a bullish breakout is on the cards as a bullish marabuzo with full of bullish sentiments is trying to breach this resistance line.
Continue reading “USD/JPY-Ascending triangle bullish breakout on the cards”