01 November, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis
AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance?
The Aussie dollar is currently trading in range against the Japanese yen, and facing monster resistance near 80.00.
The hourly chart of the AUDJPY pair clearly shows how important is the 80.00 resistance.
A break and close above the stated resistance may call for more gains in the near term.
02 May, 2016 by Aayush Jindal in EURUSD, Fundamental Analysis, Market Analysis, Technical Analysis
EURUSD – Euro Show of Strength Continues Vs Dollar
Euro continued to gain traction, as the US Dollar tumbled against most major currencies.
There was a resistance trend line formed on the hourly chart of the EURUSD pair, which was broken during the upside move.
Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) ...
01 April, 2016 by Aayush Jindal in AUDUSD, Fundamental Analysis, Market Analysis, Technical Analysis
AUDUSD – Can Aussie Dollar Bulls Make It?
Aussie Dollar managed to trade higher against the US Dollar, but facing a major resistance near 0.7700-20.
There is an ascending channel pattern formed on the hourly chart, which can be seen as a catalyst for the next move.
Earlier today, the Australian AiG performance of the Mfg Index ...