November 28, 2018
The EUR/USD pair, which spent the majority of the day fluctuating above the 1.13 handle, came under pressure in the evening session and fell to its lowest level since November 15 at 1.1278 before going into a consolidation phase. As of writing, the pair was down 0.35% on the day at 1.1290. The pair remains under pressure so far this week, briefly dropping to fresh multi-day lows in the 1.1290 region.
Continue reading “EUR/USD: Bulls Are Trying Their Best To Reach North Side”
November 19, 2018
By analyzing the daily technical chart we can see that pair is heading at two week’s fresh low i.e. south side. It has become too weak as it is trading below the moving average lines. Earlier it was making higher highs and higher lows and marked a high of 114.53 level but bulls could not manage theirself and slipped to 112.87 which is bear’s territory.
Continue reading “USD/JPY-Pair Is Heading South, With Double Bottom Pattern”
November 19, 2018
After touching a fresh daily high at 1.0127, the USD/CHF erased its daily gains and extended its slide toward the critical parity mark. However, with markets quieting down toward the end of the week, the pair started to move sideways in a tight range and was last seen down 0.75% on the day at 1.9997.
Continue reading “USD/CHF: Pair Is Getting Supply Pressure At Resistance Zone”
November 16, 2018
By looking at the daily chart we can see that currently pair is falling down with pure bearish momentum as we can observe that earlier it was making successively lower lows and lower highs and the short term to intermediate term trend is down so in an downtrend market always sell on high which will be profitable strategy. No Brexit deal is the main reason due to which GBP tumbled down to south side as we know that here the GBP is base currency due to which we have pure sell off all of sudden.
Continue reading “GBP/CHF: Bears Are Turning Back To South,With Double Top Pattern”
November 02, 2018
Yesterday the Pound broke through resistance at 1.28030 as indicated in yesterdays update and took out all its estimated price targets at 1.28280 and 1.28430 and continued to 1.28790 during the overnight session. The pair continued its run to the upside from 1.28790 to 1.30257 following the Brexit deal with the EU. The next eyes will be on the UK PMI and UK Inflation data along with UK interest rate, all these are scheduled as per economic calendar which will provide the new direction to the pair.
Continue reading “GBP/CHF: After a correction, bulls are still rocking”