27 July, 2017 by Aayush Jindal in Market Analysis
The British Pound remained in an uptrend and recently moved above 1.3120 against the US Dollar.
There are two important bullish trend lines with support near 1.3030 and 1.2980 forming on the 4-hours chart of GBP/USD.
Yesterday, the Fed interest rate decision was announced, and the central bank kept rates at 1.25% as per the market forecast.
03 May, 2017 by Aayush Jindal in Market Analysis
The British Pound after struggling to remain above the 1.2950 resistance against the US Dollar moved down.
The GBPUSD pair is trading above a major bullish trend line with support at 1.2870 on the 4-hours chart.
Today in the UK, the British Retail Consortium (BRC) Shop Price Index for April 2017 (YoY) posted a decline of 0.5%.
Today in the US, the a...
02 February, 2017 by Aayush Jindal in Market Analysis
The British Pound during the past few days traded positively, and broke the 1.2500 resistance against the US Dollar.
The GBPUSD pair also broke a monster bearish trend line at 1.2470 on the daily chart.
Today, the UK BoE Interest Rate Decision will be announced by the Bank of England, forecast is 0.25% vs 0.25% previous.
The UK PMI Construction will...
15 December, 2016 by Aayush Jindal in AUDUSD, Fundamental Analysis, Market Analysis, Technical Analysis
AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike
The Aussie dollar broke a crucial support area at 0.7450 against the US dollar to ignite a downside move.
There was a crucial bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to open the doors for a bearish wave.
The Fed interest rate was announced y...
22 September, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision
The US Dollar remained in a downtrend against the Japanese yen, and may slide further.
When we look at the daily chart of the USDJPY pair, then there is a major bearish trend line protecting the upside move.
The fed interest rate decision was announced recently in which the c...
15 June, 2016 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
US Dollar continued to weaken versus the Japanese yen, and may post further losses in the near term.
The daily chart of USDJPY is signaling a clear downtrend, and suggesting that the pair may trade towards 104.00.
Today in the US, there is a major release, as the Fed interest rate decision will be announced.
The forecast is of no change in the rates...
27 April, 2016 by Aayush Jindal in AUDUSD, Fundamental Analysis, Market Analysis, Technical Analysis
AUDUSD – Aussie Dollar Crushed Post CPI Report
Australian Dollar traded down against the US Dollar, and looks set for more declines.
There was a major support area at 0.7700 in AUDUSD, which was broken during the downside drift.
Australian Consumer Price Index released by the RBA and republished by the Australian Bureau of Stat...