Activity

  
Avatar

EUR/CAD UPTREND MAY PREVAIL

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. Recently CAD got stronger on account of rising Crude Oil prices which supports Canadian economy. So EUR/CAD was in downtrend and after taking support it is rising again.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND M…
Read full story
Translate to English Show original
Avatar

DOWNTREND MAY PREVAIL IN USD/PLN

On analysing weekly chart and monthly chart of USD/PLN I found that it is in downtrend. Economic indicators points to the growth in USA economy. This months that is June rate hike by Federal Reserve is factored in by the market participants. It has trend line resistance at around 3.769 which it failed to cross and started downtrend.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: USD/PLN is in downtrend after touching upper levels of Bolling…
Read full story
Translate to English Show original
Avatar

UPTREND MAY PREVAIL IN USD/MXN

On analysing weekly chart and monthly chart of USD/MXN I found that it is in uptrend. Economic indicators points to the growth in USA economy. This months that is June rate hike by Federal Reserve is factored in by the market participants. It has trend line resistance at around 22.00 which it may try to touch.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: USD/MXN is in uptrend and near upper levels of Bollinger Bands.
ICHIMKOKU CLOUD: USD/…
Read full story
Translate to English Show original
Avatar

USD/RUB MAY START DOWNTREND

On analysing weekly chart and monthly chart of USD/RUB, I found that it is in sideways trend. Economic indicators points to the growth in USA economy. This months that is June rate hike by Federal Reserve is factored in by the market participants. From 5-6 weeks it is in sideways trend . Selling is visible from higher levels but buying also visible from lower levels.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: USD/RUB is in sideways tren…
Read full story
Translate to English Show original
Avatar

USD/NOK DOWNTREND MAY PREVAIL

On analysing weekly chart and monthly chart of USD/NOK I found that it is in downtrend. Economic indicators points to the growth in USA economy. This months that is June rate hike by Federal Reserve is factored in by the market participants. It has trend line resistance at around 8.33 which it failed to cross and started downtrend.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: USD/NOK is in downtrend after touching upper levels of Bollinge…
Read full story
Translate to English Show original
Avatar

EUR/AUD MAY TOUCH RESISTANCE AGAIN

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. AUD has shown some weakness against all its counterparts as it is market linked currency and experts thinking stock markets over a world may see some correction.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
B…
Read full story
Translate to English Show original
Avatar

EUR/JPY UPTREND MAY PREVAIL

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. JPY has shown some weakness against all its counterparts on account of some slow growth in economy and low inflation
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: EUR/JPY was in downtrend afte…
Read full story
Translate to English Show original
Avatar

EUR/GBP SIDEWAYS TREND MAY PREVAIL

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. GBP is also a showing strength on account of rise in employment level and inflation is also picking up again. So EUR/GBP is in sideways trend going nowhere.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLIN…
Read full story
Translate to English Show original
Avatar

EUR/NZD MAY RESUME DOWNTREND

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. For may days EUR/NZD was in sideways trend at upper levels. As EUR got weaker it has showing trend to down.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: EUR/NZD started downtrend and now from…
Read full story
Translate to English Show original
Avatar

EUR/HKD UPTREND MAY PREVAIL

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. And ECB may stop QE. EUR/HKD was in downtrend and after taking support it is rising again.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: EUR/HKD was in downtrend after touch higher levels and …
Read full story
Translate to English Show original
Avatar

AUD/USD MAY SEE SOME RISE FROM THIS LEVELS.

AUD/USD is in downtrend on weekly and on monthly chart after nearly touching higher line of resistance. On a broader perspective it is in sideways trend. And moving in channel up and down pattern on Monthly chart. Recently in overall USD appreciated against all its pairs and AUD got depreciated. After week inflation and GDP number AUD weakened. Currently it is near lower support and after consolidation there will be probability of uptrend.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, R…
Read full story
Translate to English Show original
Avatar

AUD/JPY MAY SEE SOME RECOVERY FROM THIS LEVEL

Recently Australian Dollar has weakened against all its counterparts on account of contraction in GDP and slow rise in inflation. Japanese Yen has strengthened on account of Global uncertainties and trade war fears.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: AUD/JPY is in downtrend after it has touched upper levels of Bollinger Bands.
ICHIMOKU CLOUD: AUD/JPY is in downtrend.
RSI: It is falling.
TVS: Volumes in positive as it is near su…
Read full story
Translate to English Show original
Avatar

AUD/NZD FURTHER FALL POSSIBLE.

AUD/NZD is in downtrend and its next support is around 1.075. I expect a recovery after touching its support as Australian economy performing well just low inflation is concern which has subdued rate hike perspective in near future.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: AUD/NZD is in downtrend after touching upper levels of Bollinger Bands
ICHIMOKU CLOUD: AUD/NZD is in downtrend.
RSI: It is below 50 still in downtrend.
TVS: Volume…
Read full story
Translate to English Show original
Avatar

AUD/CAD POSSIBILITY OF FURTHER FALL

Recently Australian Dollar has weakened against all its counterparts on account of contraction in GDP and slow rise in inflation. Canadian Dollar has shown a strength on account of Rising inflation and constancy in GDP growth. Bank of Canada might think about rate hike if inflation continues to rise. AUD/CAD is in downtrend on weekly and on monthly chart.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: AUD/CAD is in downtrend after it has t…
Read full story
Translate to English Show original
Avatar

CAD/JPY MAY CONSOLIDATE FOR LONGER TIME.

CAD/JPY has reached its previous support on monthly basis and near to its previous support on weekly chart from there it has retraced to higher levels and again started downtrend. Recent days CAD got weaker against all its major counterparts due to various reasons like subdued economic growth, NAFTA, low inflation, ciorection in crude oil prices and trade war fears etc. I expect some retracement to higher levels after these concerns fade away.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TV…
Read full story
Translate to English Show original
Avatar

GBP/JPY UPTREND CAN BE EXPECTED

GBP/JPY was in downtrend as recently JPY strengthened on account of trade war fears. GBP weakened on account of falling inflation. But now inflation is picking up yesterday Bank of New England gave indication of August rate hike so I think GBP/JPY will rise from here.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: GBP/JPY is in downtrend reached its lower levels.
ICHIMOKU CLOUD: GBP/JPY is in uptrend.
RSI: It is rising from lower levels.
T…
Read full story
Translate to English Show original
Avatar

EUR/USD UPTREND CAN BE EXPECTED

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. Inflation in June has shown rise to 2% year on year from previous months 1.9%. Trade surplus has risen over previous month. Greenback has strengthened on account of rising GDP and reduced global risk.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD,…
Read full story
Translate to English Show original
Avatar

EUR/JPY UPTREND CAN CONTINUE.

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. Recently inflation has shown uptick in euro zone. Inflation in June has shown rise to 2% year on year from previous months 1.9%. Trade surplus has risen over previous month. JPY has shown some weakness against all its counterparts on account of some …
Read full story
Translate to English Show original
Avatar

EUR/GBP MAY SEE A DOWNSIDE.

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. Inflation in June rose to 2 % and trade surplus also rose to higher levels. GBP is also a showing strength on account of rise in employment level and inflation is also picking up again. BoE gave hint about August rate hike. Now EUR/GBP is in sideways…
Read full story
Translate to English Show original
Avatar

EUR/NZD CAN SEE A UPTREND

Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. Recently inflation has shown uptick in euro zone. Inflation in June rose to 2% year on year and trade surplus also rose to higher levels.For may days EUR/NZD was in sideways trend at upper levels. But it can break to upside as RBNZ lowered their guidance on account of trade war fears.
TECHNICAL TOOL…
Read full story
Translate to English Show original
More Loading...