Tanzeel55

Tanzeel55

The Aussie dollars has a good upward really without much retracement. The re-spike in covid cases is having impact on Australian economy and Aussie dollar is facing pressure. Entry level The trend line and ichimoku cloud should support seller. Sell around ——0.71200 Stop loss ——-0.71550 If you like this idea, please like it. It is just an...

Tanzeel55

Since the Euro/Usd crossed the 1.15 mark, it did not drop below 1.15 to test this level. It also has strong resistance at 1.17. Check earlier analysis. Though the pair is overextended , in short term the pair should be ranging due to lack of catalyst. The euro/Usd should stay between 1.17000 ——- 1.1500 approximately

Tanzeel55

In the bigger picture Gbp is bearish due to uncertainty about the negotiations with Europe. The cable is overextended due to overall weakness of USD. See my earlier forecasting about the cable. Unless a clear catalyst is not available, mont of the markets will be ranging, at least for some time. Most probably Gbp/ Usd Should stay between 1.28100 to 1.26500.

Tanzeel55

Overall strength in Gbp is due to the weakness of Usd. The uncertainty around brexit should keep the bearish structures intact. The price action seems to test 1.2810 level once again but most probably will fall again. Entry level. (The GBp is more volatile compare to other pairs. I would like to see if the pair is not forming any kind of floor or...

Tanzeel55

Euro has over extended with very little retracement. The 1.17 level could provide a sell opportunity on this pair. The price could see trend line resistance from very high of 1.40. It is also head and should level on weekly chart and weekly R3 as well. Entry level If the price goes over 1.17 than we should wait for it to drop below 1.17 level with hourly closed...