EUR/USD: Bulls Are Trying Their Best To Reach North Side

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.

 

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USD/JPY-Pair Is Heading South, With Double Bottom Pattern

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.

 

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GBP/CHF: Bears Are Turning Back To South,With Double Top Pattern

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.

 

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GBP/CHF: After a correction, bulls are still rocking

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.

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