Fundamental Analysis Crude and Brent oil has been under tremendous pressure for the past few days, but have bounced back up after traders stepped in to lock some profit. Although, the overall picture remains very grim as the uncertainty over Greece is impacting the appetite for investors. But, mainly it is the sell off in…
Read MoreThe GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is toward the downside. Moreover, the price is also trading below its 50 day and 100 day moving averages and this is a further confirmation of the above argument. The 50 day (shown in…
Read MoreFundamental Analysis The US economic data was the major hurdle for the bulls who were expecting that the long term fundamentals look gloomy, if we subtract the Greece situation and a rate hike will take place this September. However, the data have not pasted that much rich picture as the wage growth was the major…
Read MoreThe GBP/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the bias still stays towards the upside. The price is trading below the 50 day shown in yellow and above its 100 day shown in red moving averages. If the price crosses the 50 day moving…
Read MoreThe USD/JPY is trading below its downward trend line on a 4 hour time frame. The price has broken its its downward wedge pattern and the projection of this pattern could the price well below the major support zone which is mentioned below. The pair is also trading below its 50 day shown in yellow…
Read MoreThe EUR/USD pair is under tremendous pressure on a minute time frame. The price has pierced the Bollinger band at an important level of support zone which is mentioned below. The piercing of the Bollinger band only has importance when this takes place at significant support or resistance level because it has the ability to…
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