USD/CAD:It has become sky rocket as bulls are charging

June 27 , 2018

 

In the starting of this month when pair was hovering near 1.3066 level we have mentioned that it’s an acid test for bulls as it was trading at previous swing’s high which was a strong supply zone and can be considered as make or break level. Eventually it has given us valid bullish breakout on the daily technical chart and presently pair is trading above that level which is a clear indication of further bullishness.

 

Continue reading “USD/CAD:It has become sky rocket as bulls are charging”

GBP/USD: Profit booking going on due to dollar weakness

June 26 , 2018

 

By looking at the daily chart we can see that the pair has shown buying interest but that was limited as pair is still hovering below the moving average lines. We can observe that after a steep downfall some profit booking was expected due to dollar weakness. Overall short term to intermediate term trend is down so in a downtrend market sell on high will be profitable strategy.

Continue reading “GBP/USD: Profit booking going on due to dollar weakness”

AUD/USD:-Bulls Preparing To Surge Higher

May 25, 2018

 

By looking at the daily chart we can see that bulls are preparing to surge higher as bullish breakout of downtrend channel has been occurred. Earlier trend was down and bears were moving down with the downtrend channel but now we have seen some trend reversal signal as a valid breakout of downtrend line along with channel which indicates that bulls are back in the game and they are fighting with the bears.

Continue reading “AUD/USD:-Bulls Preparing To Surge Higher”