abhivik

abhivik

This pair did't do much this week. It came back to the same place where it started from. This week, we see the continuation of the downward movement of price till the next support, which is also our target. The price may retest the current resistance level and then again begin it's journey downwards. Those who missed the boat, can enter at the current price, or...

abhivik

As the upcoming week we are looking for strengthening of USD, we look for sell opportunities in NZDUSD. At the current price, we have a great opportunity to look for bearish formations. If we get the signal of bearish formation, we look to go short on NZDUSD till first target of 0.6940. If the price crosses 0.6940 area, and if we missed the opportunity at first,...

abhivik

This week USDJPY didn't do much. It did a pullback and retest at support turned resistance at 110.034, and this is the area at which we started to look at bearish sentiment in market. This level was a great place to start to go bearish. This coming week we may see the price do a retest of the same level again. And if that happens, we have a very good opportunity...

abhivik

Last week we were looking at a correction upto a broken support cum resistance at level 1.3462. This week we will be looking at bearish movement of GBPUSD to key support level of 1.32751. This level has been already retested and the price may break this support and move down to 1.3042 which is also a mojor S/R level. You can enter at the retest of the current...

abhivik

The dollar index was down for last week and so we saw some rise in EURUSD. Last week, EURUSD tested a broken support cum resistance line. This week, I look for EURUSD to go down to 1.14463 level. Before going down, the price may retest the high it attend on Friday and will continue to move down. You can enter at the retest level, or when it breaks the 1.1560...

abhivik

Why not?

abhivik

Resumes its long downtrend.

abhivik

Reacting to 50(long term) and 38.2(short term) fib level. It may go long and continue to do so in NY session.