EUR/GBP:Bulls are dominating the bears & marking 2018’s fresh high

Aug 21  , 2018

 

By analyzing the daily technical chart we can see that pair is heading north and dominating the bears at every nook & corner. When pair was arriving at 0.8650 level we have mentioned to buy this pair due to breakout of ascending triangle and pair bounced almost 300 pips and it is not going to stop for the time being as it is making successively higher highs and higher lows. The bulls are controlling the game for the time being and it does not seems that they are going to lose grip from the market.Bulls are most likely to test the 0.9032 level first and then a valid breakout of this level will open the way towards the 0.9100 and 0.9250 level.

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GBP/USD: Bears are controlling the car & going to south

Aug 13 , 2018

 

By looking at the daily chart we can see that pair is falling down with formation of successively lower lows and lower highs and presently it has arrived at 13 month’s fresh low. Mostly pairs have become too volatile for the time being and it’s time to earn the money in any pair. There are so many opportunities available in the market. As we have mentioned in the previous report that rounding bottom pattern has formed and pair will fall down and we proved it.

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GBP/CHF:Bears breached the key support level

Aug 9 , 2018

 

 

By looking at the daily technial chart we can see that pair is trading in downtrend channel with full of bearish momentum and heading towards south side. In our previous report also we mentioned that to sell this pair as pair is surviving in the decending trading channel since last 4 months which is validating the bearish momentum. Not only this pair even all the pair where GBP is the base currency are falling down due to  fears of a no-deal Brexit accelerated on news indicating that the UK Cabinet is preparing contingency plans for the UK crashing out of the EU without a deal.

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