We are short on EURGBP @ .8510. Pair broke .8450 support yesterday and daily candle closed with a bearish bais. We expect a bounce due to GBP CPI figures which turn out very slightly below market expectation. We setup a pending entry order @.8510 which got triggered inline with our expectations. Initial Target is .8431, once met stop-loss will be moved to...
NZD is in steady up-trend against loonie. Recently pair has drawn bullish flag and giving confirmation by taken out .9632 resistance. Next minor resistance is @ .9666. A corrective move may produce excellent buying opportunity from .9450 handle, Wait for a reversal signal before you enter LONG. As I mentioned in recent published NZDUSD idea that kiwi and...
We observe a tug of war between buyers and sellers near .7280 -.7310 area, here lies the confluence resistance, channel bottom line crossing the down trend line. 1- RBNZ rate decision may give the direction cues. 2- Longer term down-trend is still intact with resistance @ .7740 handle, but since Aug 2015 kiwi showing resilience against greenback. 3- we have...
Aussie gaining back the loses it made owing to Trump rally . Furthermore pair is carving out inverse H&S . We expect a pullback/correction before a bigger a long trend . RBA been least dovish as compared to other central banks. Chines figures are also posting steady growth after a shakeup in 2016. Pair sold multiple times from .7760 area since May 2016. If...