Bullish Engulfing Pattern has been found on the Daily chart. The recovery is in focus. RSI is above 50 on 1Hr Chart. On the other hand we have two inside day candle on daily chart. Break on any side will be a chance of profit…Continue
Outlook in EURUSD remains neutral with risk to the downside at the moment , resistance comes at the 1.1422 levels , a failure to hold above the 1.1422 levels on a daily closing basis could mean a return to the 1.1223 levels , a halt is likely ,…Continue
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also.…Continue
EUR/USD 24 hour Cycle
The EUR/USD begain Fed Day, Wednesday January 28th, 2015 with an opening price Fixed and set by the ECB at 1.1344. That price formally opened American market…
AUDUSD is at new lows as expected after recent turn down from around 0.8000/0.8030 area where former lows reacted as a resistance in black wave 4 that we were tracking it this week. We see wave 5 now in progress that can be final wave…Continue
USD/JPY is bullish again today, but that’s not news any more. I was pointed few days ago at this ‘support trendline’where the pair find buyers for 5…Continue
GOLD: Declines On Price Sell Off
GOLD: With GOLD selling off sharply during Thursday trading session, further downside pressure is expected in the days ahead. On the downside, support comes in at the 1,250.00 level where a break will aim…Continue
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