The prime reason for a falling GbpAud is the very weak GBP. But, it is long due for a correction.
Price is consolidating in a trend line support. So, we need to get ready for the next move. A very
quick bullish move may happen soon in GbpAud and I predict that we will see at least 1.73 during this bullish move.
Buyers are waiting for a long time to see some...
USDCAD chart looks choppy at the first glance. But in between the choppiness, we can observer a pattern emerging.
The pattern is in the form of a rising channel.
Now, the price has reversed after touching the top of the price channel. So, naturally we can anticipate that USDCAD
will drop to the lower limit of the aforesaid price channel. So, I am predicting a drop...
Although Aud/Jpy has pulled back during the late NY trade session, the uptrend line is still intact and
thus I think the bulls got enough firepower to take the price towards 96.50 later this week.
Good opportunity to buy and gain some 80-100 pips and ride the trend.
USD/JPY couldn't break through the 139 resistance zone. We have a red daily candle yesterday and it seems the
bulls have finally given up. Bears are getting stronger but no big moves are happening as of now.
It is difficult to predict when the big bearish move will happen but one thing is certain that UJ price is very stretched
and sooner or later, we will have a...
NZD/USD downtrend is slowly coming to an end. But, it would not be wise to buy yet
as the market makers may do a final stop hunt before taking the price higher.
So, all the buyers need to be smart and wait for the last dip below 0.6060 to get the best possible buy entry and
then ride the bullish wave up with the big market players.
There is more than 400 pips or...
Bitcoin broke through the bear flag pattern. It is still moving very slowly. But, make no mistake.
This is the calm before the perfect storm which is currently brewing.
Soon, we will see big red candles in Bitcoin and in no time, price will be below 10K.
GBP/USD has declined rapidly over the last couple of weeks but the bearish move
has slowed down a bit. Price is in a consolidation mode and we might see a pullback
to 1.19. The RSI also suggests that the bearish momentum has ended.
Long trades could be considered as long as gbpusd stays above 1.16. A bigger recovery
in prices will mean that GBPUSD can also reach...
EURUSD is in a consolidation mode and no clear trend has emerged yet. Price is confined within
a small range. It is important to note that for uptrend to resume, the price has to break the
upper boundary of the consolidation range.
After that,it must also cross the Moving average. Then, we can trade with some bullish bias.
Until then, the trend remains neutral....
