About meFinancial Market Analyst, Forex and Commodity trader, MBA Finance, Diploma in Financial Globalization & Capital Flow from Asian Development Bank.
As we have seen that Dollar is an strong movement-um due to tight monitory polices of Federal Reserve. So that is being reflect in #NDZUSD pair. as well the pair is continuously in up trend. After taking support on 44 MV on H 4 chart pair have bounce back and expected meet their previous resistence zone which our profit taking target.
GBP/JPY pair is trading blow 44 Moving Average in H4 Chart and facing resistance along with 44 Moving averages. also facing resistance in down trend lines.this indicate a sale in direction of for the pair but to have a confirmation traders should wait or put their sale targets at 167.550. but if pair cross 168 then this will be a demand zone and pair moving into...
After Federal rate hike policy to counter the inflation dollar is continuously getting stronger. As in last policy rate meeting Federal reserve bank of United State have increased the interest rate by 75 Biases pint. Which increase the Dollar demand, we have seen dollar index fall in last Friday and Monday as well, but received support at their long trend line...
After Policy rate hike by BOE its seem that Found will receive some gain against opposite Pairs. technical indicators also supports the idea of buy of the Pair. Pair is taking support third time in that support zone and giving a demand indication. its an strong demand zone of the pair so its right position to enter a buy trade. with very tight SL.
After Federal reserve bank hike of policy rate Gold sharply fall. and gain support on their strong support of 1616. its gold demand zone. enter here the buying trade with profit targets of 1635-1665. and keep sl between 1615-1610
After taking support in their support zone and trend-line, Pair is give a buying signal. pair have enter in a demand zone. so its a buying signal. Enter buy at 107.700. with trage of 108.5 -108.8 and SL Should 107.36.
Crude Oil Price are expected to come down for short period of time to take support on their previous support zone and as well complete its M pattern. day traders should short the crude and book their profits around 83 with stop loss of 91.
Dollar Index will remain strong due to Federal reserve Bank constant tight monitory policy. if technically analyse the DXY its bounce backed after getting support on trend line. due to dxy why strong trend, eurusd and gbp usd will be bearish. USDJPY Will be in sale due to Strong dollar
Yellow precious metal is under pressure due to raising dollar index, As due to high interest rate globally government security now are attractive instruments for investor, So precious melt losing investors attention continuously slashing, is expect to further go down toward its previous support zone of 1660 and 16620 is also a possible correction level,.
