The USD/JPY pair is trading in an upward channel on a 60 minute time frame. The price is trading below the 100 day (shown in red) and 50 day (shown in green) moving averages which clearly represents that the bears are in control of the price. However, the lower line of the this upward channel…
Read MoreThe EUR/USD has bounced back up strongly from its support zone (minor support zone mentioned below) on a 60 minute time frame as predicted. The support zone was given in our analysis on the 29th May. The price has broken its downward channel pattern which is a sign of confidence for the bulls. The MACD…
Read MoreFundamental Analysis The ongoing investigation about the China Qingdao port is still impacting the metal. Once the Chinese situation is clear, we expect the rally to continue for the metal, unless there are some big discrepancies. However, the main focus for today will be the non farm payroll data. A positive data could certainly push…
Read MoreThe EUR/USD pair is highly likely to have a very volatile session today as traders are waiting for the ECB decision. It is almost priced in already that a rate cut will be announced but we do no think that this going to make the euro go lower much but in fact we could…
Read MoreThe GBP/USD pair is trading below the downward trend line on a 4 hour time frame. The price is near the support zone which could reserve the trend however it is important to state that we do not have any clear trend as the price has been moving in a sideway pattern during the past…
Read MoreApple fell from its resistance on a daily time frame which we predicted last week. The risk for the trade was nearly 10 dollar and as of yesterday, the price has closed at 628, which is more than 1:1 risk to reward ratio. An aggressive investor could always have taken the profit at this stage or…
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