AnasRathore

AnasRathore

NZDUSD moving upwards for the past couple of months and there are certain signs RSI is showing that we have negative divergence for a long time. I expect the price to reverse soon and we can have a nice correction in the coming sessions and price can test the daily cloud. Buying looks risky at the moment. We have a possible double top shown in the chart. I expect...

AnasRathore

EURUSD is in a clear bullish trend since April and price is consistently moving upwards without any significant downside correction. A big correction is overdue for a long period of time. Resistance lies at 1.1710-1.1750 where lies the 38.2% retracement level of the fall from May 2014 highs to December 2016 lows. That's the major hurdle the pair will be facing at...

AnasRathore

Since my last analysis EURUSD pair is moving upwards and broken above the longer-term trend line. Now is this a breakout or fakeout?? Well We will see tomorrow after Mario Draghi's press conference. Draghi is expected to give the pair further direction. The market can see fake spikes during the press conference but I would suggest to trade wisely and patiently. I...

AnasRathore

Dollar index is very close to make its bottom. The possible bottom area is around 94.00-94.50. There is a warning sign for bears as we are in the final stage of Dollar decline. This is the Best time for the medium term traders to go Long. Weekly chart says that we are very close to the Longer-term trend line support where we are about to or already formed the...

AnasRathore

EURUSD pair is very near to the yearly highs and price can break up further towards 1.1520-1.1550 area but that doesn't mean it's the right time to buy. I have been calling for a new bearish move for the past several weeks because I can clearly see the warning signs generated on the momentum indicators of daily and 4 hour chart. The weekly chart shows that we are...

AnasRathore

Gold price made the low at 1204 and reversed back. The price turned upwards and showing nice bullish momentum on the daily chart. RSI moved upwards and same as stochastic indicator and showing further room towards the upside. Price is expected to test the cloud resistance at least. Breaking above the cloud will be a very bullish sign and can lead the price to the...

AnasRathore

DXY is in a bearish trend for the past six months as you can clearly see in the weekly chart after forming a high near 104 in January. Overall if we look at the past two years we can notice that the dollar index is forming higher highs and higher lows and in the long term trend seems to be bullish but it's too early to say that. We have a weekly cloud resistance...

AnasRathore

It looks like GBPUSD pair will continue its rally next week and The pair got rejected from the daily cloud and forming a bullish pattern. The pair can visit 1.3200-1.3400 area in the coming sessions as there is a lot of room towards the upside. I would prefer to buy the pair on dips for the short term. RSI and Stochastic are also suggesting an upward move and...

AnasRathore

On July 12 the EURUSD pair tested longer-term trend line resistance and made small breakout(fakeout) before reversing back below the trend line. I continue to favor Bears instead of bulls because we are in a very critical resistance area and there are so many signs of the trend to be reversed soon. I continue to expect the Bearish side and will look for selling...

AnasRathore

In the weekly chart we can see Gold is in a clear Bullish trend and forming a nice Bullish pattern. In the long-term I see the price moving above 1400 area. I recommended buy entry in my last analysis for the short term and the price didn't go up because I think we have one final lower leg remaining from where we can turn Bullish. Now I would suggest to wait for...

AnasRathore

Trend is bearish but I expect a bounce towards the cloud resistance at least for the medium-term. Recommendations: Long at 1.2850 and target 1.33000 for medium-term.

AnasRathore

This is how I see NZDUSD for the next week. I am bearish for the short-term. Recommendations: Short at 0.7280 with stop loss at 0.7350. Target 0.7150-0.7100

AnasRathore

I expect dollar to break above the cloud to test 98 level at least. Short-term target can be considered at 97.20. See the momentum indicators in the chart. RSI is making higher lows and diverging and same as stochastic indicator has a room towards the upside. Expect bullish move next week in DXY. Recommendations: LONG around 96 with target 97.20 and then 98 level

AnasRathore

EURUSD moved lower from the mentioned area in my previous analysis but got rejected from the cloud support and then climbed again to 1.1420 level. Initially it faced rejection at that level. I anticipate this second rejection as a bearish sign for the pair as we are in the very critical area of the long-term Bearish trend. Strong resistance lies at 1.1450-1.1480....

AnasRathore

I expect a move towards the cloud resistance so I am buying the metal now. Will look to add more if breaks 1235 cleanly. Recommendations: Long at 1224 with target 1240

AnasRathore

Selling towards the cloud seems reasonable for me. Recommendations: Short at 113.300, Target 111.500

AnasRathore

I think it will fall towards the cloud support at least. RSI is also suggesting a downward move. Recommendations: Short at 0.72800 with stop loss 0.73500, Target 0.71500

AnasRathore

EURUSD broke upwards but too much upside is not expected as we have overbought stochastic and Bearish signs in the weekly chart for the pair. Everything seems clear on the chart if you observe it closely. Upside potential remains limited to 1.1450 as we have a strong Yearly resistance at that level. I would remain neutral and will look to sell the pair from more...