Activity

  
Avatar

EURo

EURUSD will see a stiff resistence at 1.40 and at 1.42 and in between these price levels shortly and i hope afater a month it will come low of 1.40 level and test 1.38 level and will be around that figure.
EURUSD run is not going to be long lasting as in 2007-08. it will fall eventually.
Read full story
Translate to Inglese Show original
Avatar

EUR/USD heads to 1.40 before heads downwards.

EUR/USD has tested 1.35 key level and now its seems its heading to test key level at 1.40 level before its pushed downwards . in Fibonacci level is 61.80% which will be where fierce resistance lies.
I think pair will hit resistence at 1.40 and will head back to wards 1.35 and price will be around 1.363.
Read full story
Translate to Inglese Show original
Avatar

Fibonacci retracement, GBUSD heads into 200 MA

As GBP/USD has crossed 200 MA on monthly chart but resistance around significant price level remains firm and will continue to put pressure downwards. Using fibonacci retracements one can predict future movement and price level which this instument can touch.
Next rbig resistense which the pair will face is around 1.6800 price level and that is crucial point for retracement. and Pair to move downwards and have correction before moving upwards.
Read full story
Translate to Inglese Show original
Avatar

Price is not expected to cross 200MA before July 1st

As monthly price has touched 200 Moving average, Price will face stiff resistence around it bofore it crosses through and climbs to 110 cruicial price. Through june i think it will try to rise upto107, but i have strong conviction that it will face strong resistence given that Yen is oversold too, eventually it will sink below 100 figure and will have a correction. I beleve it will be below 100 at the end of month.
Read full story
Translate to Inglese Show original