AnasRathore

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TRADING: Sometimes we EARN and Sometimes we just LEARN
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPUSD 77% | 7 EURUSD 22% | 2
AnasRathore AnasRathore GBPUSD, D, Short ,
GBPUSD: GBPUSD Breakout or Fakeout?
41 0 7
GBPUSD, D Short
GBPUSD Breakout or Fakeout?

GBPUSD finally managed to take out the psychological figure of 1.3000 and the resistance 1.2993 as the UK Retail Sales data showed some extraordinary figures. The pair is trading positively but again the rally is looking to run out of steam as the pair is finding a major hurdle at 1.3040-1.3060 (an OLD PIVOT level and major resistance). Breaking above this level ...

AnasRathore AnasRathore GBPUSD, D, Short ,
GBPUSD: GBPUSD SHORT TERM and LONGER TERM outlook
65 0 6
GBPUSD, D Short
GBPUSD SHORT TERM and LONGER TERM outlook

Yesterday strong UK inflation figures could not be able to help GBPUSD to break the resistance at 1.2950-1.2990. Today the jobs data showed weaker than expected figures but the unemployment rate tick down to 4.6% which is the lowest level over four decades. But at current levels it looks like GBPUSD is overbought as RSI shows and showing signs of exhaustion which ...

AnasRathore AnasRathore GBPUSD, D, Long ,
GBPUSD: A possible BUY opportunity
38 0 5
GBPUSD, D Long
A possible BUY opportunity

Since October's Flash crash, The GBPUSD pair is making higher highs and higher lows as you can see the dark line that mentioned in the chart shows. The economic data in the UK after Brexit improved significantly strong and providing clear signals that Sterling is gaining the strength. Today's inflation data showed quiet healthy figures to lift the pair up but that ...

AnasRathore AnasRathore EURUSD, D, Short ,
EURUSD: EURUSD: A DEFINITE SELL
62 0 1
EURUSD, D Short
EURUSD: A DEFINITE SELL

EURUSD is moving in trading range of 1.11200-1.12800 ahead of NFP figures due tomorrow. Don't expect a weak NFP figure tomorrow on Friday after 9th straight better than expected weekly jobless claims. I expect the NFP figures to come more than 200K. I expect the breakout towards the downside will occur soon or maybe Friday is the day for the breakdown. The outlook ...

AnasRathore AnasRathore GBPUSD, D, Short ,
GBPUSD: GBPUSD: A small BOUNCE is coming
141 0 5
GBPUSD, D Short
GBPUSD: A small BOUNCE is coming

As expected GBPUSD reached on my mentioned target and even broke below much lower than that as HARD BREXIT is dominating. But for now GBPUSD is exhausted and momentum indicators are very much in the negative territory. Now it's time for a small bounce back to resume the ongoing BEARISH trend. I would suggest to all that if you are having your short positions ...

AnasRathore AnasRathore EURUSD, D, Short ,
EURUSD: EURUSD: A Good SELLING Opportunity ahead of NFP
106 0 8
EURUSD, D Short
EURUSD: A Good SELLING Opportunity ahead of NFP

As NFP is due on friday and markets expect the figures to increase by 180K. But more healthy figures are expected actually. I expect NFP report to print more than 200K which would increase the FED's December RATE HIKE probability and will push the USD up and EURUSD down. ISM Manufacturing data is due today which can definitely add some fuel to USD and would take ...

AnasRathore AnasRathore GBPUSD, 60, Short ,
GBPUSD: GBPUSD Downtrend Continues
87 0 5
GBPUSD, 60 Short
GBPUSD Downtrend Continues

GBPUSD continues to move lower as expected. Price moved towards 1.29150 support area and rejected, while with a break below the above mentioned support area will drift the price towards 1.28650 level which seems a very likely scenario. Any rally will be a great opportunity to sell. GBPUSD is in a longer-term bearish trend and I expect the price to break 1.27900 ...

AnasRathore AnasRathore GBPUSD, D, Short ,
GBPUSD: GBPUSD under NEGATIVE Pressure
68 0 1
GBPUSD, D Short
GBPUSD under NEGATIVE Pressure

As expected the GBPUSD pair moved down as I mentioned in my previous analysis that a valid SELL entry can be offered around 1.30000. More weakness in the pair is expected in the upcoming sessions as bears are entering heavily in the market. GBPUSD is having a negative pressure and price is expected to move down towards 1.28400 area. In the longer term perspective ...

AnasRathore AnasRathore GBPUSD, 60, Short ,
GBPUSD: Bearish Below 1.30600
61 0 1
GBPUSD, 60 Short
Bearish Below 1.30600

Momentum indicators are quite negatively figured. Stochastic is rolling over whereas RSI has entered into the negative territory. Sell near 1.30000 with stop loss just above 1.30600. Target is 1.28400. Good Luck

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