abhivik

abhivik

Last week as the price spiked up, we were looking forward for the bullish opportuinity in USDCHF. The price consolidated near the area 0.996 and started the do rally down. This week we will consider the continuation of downtrend. If we see the price testing the resistance at 0.989, we can look forward to enter the market with a short position towards our previous...

abhivik

Last week we saw NZDUSD almost make it to our target. This week if the price reaches 0.693 area, we can start to look forward for short opportunities till our first target at 0.6818, after which our second target will be 0.6780

abhivik

Last week, AUDUSD almost made it to the target set and just turned around after the USD saw some weakness in it. Till the price is under 0.7476 zone, we will still look AUDUSD in a bearish trend. In the upcoming week, we may see AUDUSD to reach the set target from the last week, and if that is broken, we see the next target as 0.72876 At the current price, if we...

abhivik

With USDJPY, we are looking at a pair of strong currencies pairing. Due to the uncertainity in the EURUSD pair, many traders moved to this safe heaven pair. In last week, we have seen the pair moving in a sideway trend and nothing more than that. This week, if the price is staying below 110.197, we see the price being bearish. At current price, i.e on 23 June,...

abhivik

Last week in GBPUSD, we saw the price almost reach our target level. But the price shot up after the voting in Bank of England. Till the time price stays under 1.335, we should still see GBPUSD in a downtrend. This week we look forward the price to retest the s/r line 1.3352 and then head towards the already set target of 1.3041

abhivik

As predicted last week on EURUSD, we saw a pullback at the support turned resistance line 1.16557 after bouncing from a strong support at 1.15167 In the coming week, we see the price to follow the setup as placed and reach our first target of 1.14470, and if this support is broken then we look for our next target at 1.129 I expect this all to happen is a span of...

abhivik

This will be my first time doing a forcast on Gold. Till now we have seen multiple tests of resistance level 1305.44 and the price was unable to break that. This week we look for a correction till 1291 area and then to our target of 1262.64. We can look for shorting opportunities at the 1291 area.

abhivik

Last week turned out to be amazing because USDCAD performed as expected and reached the target level. This week, I look at two possible scenarios to happen. 1) Price continues to to the next close resistance level 1.32318, retests it and moves to our next target of 1.34221 support turned resistance level 2) The price does a pullback to resistance turned support...

abhivik

Last week we were looking for out target to reach 0.97953 area. But because of the news on thursday, we saw the price go bullish from half way as of the predicted path. The price broke two resistance areas of 0.98926 and 0.99657 The price currently sits at broken resistance of 0.99657. This upcoming week and for few days after that we see the price getting...

abhivik

As expected last week, the price tested the 0.7046 resistance area multiple times and head to the downward direction. As the market now is closed and the price rests at 0.69418, I expect the price to test the broken support turned resistance area of 0.69637 Now those who were not able to enter the market can look an opportunity to enter at the price around...

abhivik

Last week AUDUSD performed as expected. This week we look forward for continuation of the bearish movement of this pair. The price is currently at 0.74403. On Monday, I expect the price to retest the 0.74762 support turned resistance level and then head to 0.74114 support level. So, there is a good entry at 0.74762 level to go short. The price can go two...

abhivik

Last week I expected the USDJPY to move down and make a short opportunity, but the last week proved good for USD and yen was not able to push it down. The price broke the 110.03 resistance and moved ahead. It retested the same area once. This upcoming week, I see the price retest the 110.035 area again. At this area we could look to enter long upto the first...

abhivik

Last week we looked forward for a retest of 1.3464 line, it did't happen, but we were close to it when market reverse. Now, last week who ever was not able to get in the trade at the right time can start looking an entry at 1.3352 area for short position. After the correction of GBPUSD upto 1.33528 region, we look for the price to reach 1.3041 region.

abhivik

Last week was full of news and events and many of us were able to take the advantage of this situation. As predicted last week, EURUSD performed as per my expectation. We saw a retest of 1.18391 line which gave us a further decline in the EURUSD. We saw a sharp fall in EURUSD after the ECB news. This fall in Euro is the worst in 19 months. At the end of the...

abhivik

Last week we saw a good bear movement in the EURJPY pair. Seems like a good correction. This week we see EURJPY to be on the bearish side. Why you say? Let's do the math. Yen is stronger than USD, which is stronger than EUR. Let's put it in a equation where ">" denotes strength. So, JPY > USD > EUR Which gives JPY > EUR... So, here we go. As Yen becomes...

abhivik

AUDUSD -0.38% has been in an uptrend since a couple of weeks. I hope everyone enjoyed it's bearish movement and made some good pips. At the current level, we see three different things happening. First- It is reacting to the long term downtrend line. Second- It has tested the level once. Third- We see a divergence on the stochastic . Fourth- Stochastic shows an...

abhivik

This pair goes down a little then moves for bullish trend. One can enter at the same price it currently is at, or wait to go down and then enter at a better spot. Why you ask? USD is stronger than CAD, Professor X.

abhivik

AUDUSD has been in an uptrend since a couple of weeks. I hope everyone enjoyed it's bearish movement and made some good pips. At the current level, we see three different things happening. First- It is reacting to the long term downtrend line. Second- It has tested the level once. Third- It is at the fib level of 38.2%. fourth- We see a divergence on the...