AnasRathore

AnasRathore

EURUSD as expected started its downward move towards my target mentioned in the previous analysis. The pair is in bearish trend for now and making lower lows and lower highs. I think a temporary top has been placed in EURUSD and the correction I was looking for has started. I warned bulls not to take long positions on EURUSD because we had several downside signals...

AnasRathore

Gold has started its decline exactly from the area I mentioned in the previous analysis and the traders who placed their short positions at that time would be in profits now. Gold is already $22 down from the area I advised traders to take short positions.There is further room to the downside as the metal has decisively broken the initial support at 1276 and now...

AnasRathore

GBPUSD traded completely on the idea I posted in my previous analysis, Now traders need to be cautious ahead of UK Parliamentary elections as volatility is expected today. If Conservative party wins then Sterling can extend it's rally and can move beyond 1.34 and if Labor party wins then the declines can exceed towards 1.2500 area where lies the 61.8% retracement...

AnasRathore

Looks like an up move started in gold from 1213 is about to finish and the metal is looking for a possible pullback towards 1255-1260 area at least. I have indicated the longer-term and short-term trend. This could be the possible trend in the coming weeks and my longer-term target is above 1400. In the near picture Gold is looking for a pullback and it is a good...

AnasRathore

As I have been telling the traders for the past couple of weeks that EURUSD is looking for a move down towards the support area I mentioned in the chart. The last week was positive for EURUSD because of the slip in the NFP figures but the pair couldn't break my mentioned resistance area and got rejected again. The figures came 138K which were below the...

AnasRathore

The rally in the EURUSD pair stalled around 1.1250 again and couldn't continue further as the investors are waiting for NFP report that is about to release. The pair has been moving between 1.11 to 1.1250 for the past couple of weeks. Today the NFP report will set it's further direction which seems DOWNWARD for me. We got the hint yesterday from ADP Employment...

AnasRathore

EURUSD pair bounced back from 23.6% Retracement level on dollar's weakness but struggling too much against the resistance which has been blocking the pair for two weeks. The rally in the EURUSD looking exhausted again ahead of strong resistance and the pair might go down again from the current levels. I expect a move towards 61.8% fibo level before any other...

AnasRathore

I told traders to sell GBPUSD last week and pair reached exactly on my mentioned target and then bounced back. Traders were advised to sell at 1.3060 with targets between 1.2750-1.2800 and GBPUSD pair made low somewhere at 1.2770. Currently the pair is trading at 1.2850 and it just bounced back from the crucial support area. But the downward move seems not over...

AnasRathore

Since I gave my last analysis EURUSD pair is trading low as I mentioned in my previous analysis that the downward move is coming and advised the traders to sell the pair and that's exactly happened. Today The USDX made the of 97.75 before turning back a bit lower. An upward move has started in USDX which will ultimately push the EURUSD pair down. This is a very...

AnasRathore

EURUSD pair moved quiet positively since it has made the low in the January. Trend looks bullish for the past couple of months. The pair created a gap of almost 100 pips on April 24, when the currency markets were opened and that has become a strong support area since then. The EURUSD pair did not see the correction and is moving upwards since then. Now the pair...

AnasRathore

As I mentioned in my previous analysis that rally in GBPUSD pair is showing signs of exhaustion and the pair is looking for lower correction and that exactly happened in a small crash on Thursday and the pair met my first two targets before coming back to 1.3020 level to provide traders another opportunity to sell. I recommended to sell the pair near 1.3050 levels...

AnasRathore

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

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

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

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

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

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

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...