29 May, 2019 by Aayush Jindal in Uncategorized
The Aussie Dollar started a decent rebound from
the 0.6865 support against the US Dollar. AUD/USD traded above a key bearish trend line at
0.6885 on the 4-hours chart.The US Consumer Confidence in May 2019 increased
from 129.2 to 134.1.The Richmond Fed Manufacturing Index in May 2019
could rise from 3 to 6.
AUDUSD Technical Analysis
After a solid declin...
30 April, 2019 by Aayush Jindal in Uncategorized
The British Pound traded to a new monthly low at
1.2865 against the US Dollar.A major bearish trend line is forming with
resistance near 1.2980 on the 4-hours chart of GBP/USD.The US Personal Income in March 2019 (MoM)
increased 0.1%, less than the 0.4% forecast.The US Pending Home Sales could rise 0.5% in
March 2019 (MoM).
GBPUSD Technical Analysis
09 April, 2019 by Aayush Jindal in Uncategorized
The British Pound remains in a bearish zone
below 1.3200 against the US Dollar.A crucial bearish trend line is formed with
resistance at 1.3140 on the 4-hours chart of GBP/USD.The US Factory Orders declined 0.5% in Feb 2019
(MoM), better than the -0.6% forecast.The US NFIB Business Optimism Index in March 2019
might decline from 101.7 to 101.3.
15 August, 2016 by Aayush Jindal in Uncategorized
EURUSD - Euro Remains in the Driver's Seat versus US Dollar
Euro traded higher recently against the US Dollar, and may continue to gain bids.
There is a critical bullish trend line formed on the 4-hours chart of EURUSD, acting as a support area for the Euro.
Today in the US, the NY Empire State Manufacturing Survey index will be by the Federal Reserve...
09 December, 2015 by Aayush Jindal in Uncategorized
NZDUSD Consolidating Before Break?
New Zealand Dollar dived towards the 0.6600 support area recently against the US Dollar where it just managed to find buyers.
The NZDUSD pair is currently making an attempt to correct higher, but struggling to find momentum.
There is a resistance formed near 0.6650-60 where sellers are defending...
08 December, 2015 by Aayush Jindal in Uncategorized
USDJPY Trading Near Crucial Juncture?
US Dollar traded higher against the Japanese Yen, and currently facing a major resistance area.
There is a bearish trend line formed on the hourly chart, which is acting as a barrier for the USDJPY pair.
Japanese Gross Domestic Product released by the Cabinet Office posted an increase of 0.3%...
16 November, 2015 by Aayush Jindal in Uncategorized
EURUSD – Downtrend to Resume?
The Euro continued to move lower starting this week against the US Dollar and looks set for more losses.
A bullish trend line formed on the hourly chart of the EURUSD pair was broken to help sellers.
Japanese Gross Domestic Product released by the Cabinet Office posted a decrease of 0.8% in Q3 2015...
03 July, 2015 by Aayush Jindal in Uncategorized
GOLD continued to fall this week and followed a nice downtrend despite Greece exit fears.
HSBC China Services PMI™, released by Markit Economics posted a decline from the last reading of 53.5 to 51.8 in June 2015.
In Australia, the Retail Sales released by the Australian Bureau of Statistics registered an increase of 0.3% in May 2015, compared with the ...
01 July, 2015 by Aayush Jindal in Uncategorized
Japanese Yen gained bids this week due to the potential Greece exit, and most yen pairs opened the week with a gap lower.
USDJPY pair managed to break an important bearish trend line, but facing a major resistance around 123.00-20.
Japanese Tankan Large Manufacturing Index released by the Bank of Japan came in at 15 in Q2, up from the last reading of 12.
24 June, 2015 by Aayush Jindal in Uncategorized
US Dollar is likely forming an interesting pattern against the Japanese Yen, which has the potential to take it higher.
A double bottom pattern is in making for USDJPY with resistance around 124.20.
US Gross Domestic Product Annualized will be released by the US Bureau of Economic Analysis today, which is forecasted to decline by 0.2%.