November 28, 2018
By analyzing the daily technical chart we can see that pair is bouncing from the short term uptrend line and recently it received bounce from the 112.30 level and heading towards north side. Well the pair is floating between ascending triangle which is generating bullish signal for the time being, however we will receive further strong signal above 114.50 level in the short term.A valid breakout above 114.50 level will open the way towards the 116 level.
Continue reading “USD/JPY-Pair Is Floating Between The Ascending Triangle”
Novemver 16, 2018
By looking at the daily chart we can see that EURO is the base currency in the pair and jumping up in all the pair whereas GBP is getting weaker in all the pairs. This pair is known as fabulous hedged pair so it has got momentum towards upside. Earlier pair was falling down with purely bearish momentum and it marked a low of 0.8654 level in the current week.
Continue reading “EUR/GBP: Massive Bullish Storm; All Of Sudden In The Pair”
November 15, 2018
By looking at the daily chart we can see that pair is hovering at 1.5562 level, which is already a fresh 5 month’s low. Well bears are dominating the bulls at every nook and corner and only bears can be seen everywhere. The way bears are heading towards south side the bulls are purely absent in the market and it does not seem like they will show their presence in near term. Pair is trading below all the major and minor EMA lines.
Continue reading “EUR/AUD: Only Bears Can Be Seen, As They Are Dominating The Bulls”
November 14, 2018
Earlier the pair NZD/USD was trading below the downtrend line and getting supply pressure from this mentioned line. It was making successively lower lows and lower highs on the daily technical chart and pair has made a low of 0.6423 level in the last month and after arriving at that level bears lost their grip from the pair and unable to take pair further downside, at the same time bulls made a fantastic counter attack as we can potential rounding bottom pattern on the daily chart.
Continue reading “NZD/USD: Potential Rounding Bottom Pattern Has Formed”
November 12, 2018
By observing the daily technical chart we can see that yellow metal has made a low of $1207 level recently and hovering below the major and minor EMA lines. Yellow metal is falling down due to Dollar index is marking higher highs and higher lows on the chart. The gold came under a heavy selling pressure in the NA session and fell to its lowest level since October 11 at $1207.
Continue reading “Gold: Cool Off Is Going On; Bears Marked Fresh Monthly Low”