The AUD/USD pair fell from its resistance zone on a daily time frame. The resistance zone was mentioned in our analysis on the 9th March. The risk mentioned was 60 pips and the price has moved nearly 75 pips at the time writing. This gives a nice 1:1 risk to reward ratio. We are still…
اقرأ المزيدThe GBP/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the trend is biased towards the upside. Moreover, we are trading above the 50 and 100 day moving averages shown in yellow and red color respectively. This is a further confirmation of the above argument. As…
اقرأ المزيدThe USD/JPY pair is trading in an upward wedge pattern on a 4 hour time frame. The price has pierced the Bollinger band – the upper line of this band, and this confirms that teh volatility is inflating.
اقرأ المزيدThe EUR/USD has broken it upward trend line on a 4 hour time frame. This confirms that the uptrend has weaken and the bears are taking in control of the price. The price has broken the 100 day moving average shown in red colour which is a further confirmation of the above statement.
اقرأ المزيدThe AUD/USD pair is trading above its upwards trend line a daily time frame. This confirms that the trend is biased towards the upside and as long as we stay above this trend line, the upward trend remain intact.
اقرأ المزيدThe GBP/USD pair fell from Our Identified resistance zone on a 4 hour time frame. The resistance zone was given in our analysis on the 3rd of March.
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