28 June, 2018 by Aayush Jindal in Market Analysis
The US Dollar is trading in a bullish zone above the 0.9880 support against the Swiss Franc.
There is a crucial bullish trend line formed with support at 0.9880 on the 4-hours chart of USD/CHF.
The US durable goods orders decreased 0.6% in May 2018 (MoM), less than the forecast of -1.0%.
Today in the US, the GDP figure for Q1 2018 will be released, ...
30 May, 2018 by Aayush Jindal in Market Analysis
Gold price formed a solid support around $1,285 and recovered against the US Dollar.
There is a major bearish trend line formed with current resistance at $1,306 on the 4-hours chart of XAU/USD.
The US S&P/Case-Shiller Home Price Indices rose 6.8% in March 2018 (YoY), more than the forecast of +6.4%.
Today, the US GDP for Q1 2018 (Prelim) will b...
14 March, 2018 by Aayush Jindal in Market Analysis
The Euro started a nice upside move from the 130.50 swing low against the Japanese Yen.
There was a break above a crucial contracting triangle with resistance at 131.60 on the 4-hours chart of EUR/JPY.
The pair could gain traction if it continues to find support near 131.50.
Today, the German CPI figures for Feb 2018 will be released, which is expec...
29 November, 2017 by Aayush Jindal in Market Analysis
The Euro is trading in a broad range above the 131.20 support area against the Japanese Yen.
There is a crucial bearish trend line forming with resistance at 133.25 on the 4-hours chart of EUR/JPY.
Japan’s Retail Trade in Oct 2017 was unchanged, whereas the market was looking for a 0.2% rise (MoM).
The US GDP figure for Q3 2017 will be released to...
13 July, 2017 by Aayush Jindal in Market Analysis
The British Pound after a solid uptrend found resistance just below 148.00 against the Japanese yen.
The GBP/JPY pair has likely made a short-term top at 147.80 since it broke major support at 146.85 on the 4-hours chart.
Today in the UK, the RICS Housing Price Balance for June 2017 released by the Royal Institution of Chartered Surveyors posted an inc...
12 May, 2017 by Aayush Jindal in Market Analysis
Gold price after trading towards $1300 in mid-April 2017 faced a strong resistance, and started a downside move.
There was a break below a monster ascending channel support at $1240 during the start of May 2017, signaling a bearish bias.
The downside move extended this week, and now sellers eye a break below $1200.
Today, the US Consumer Price Index...
27 April, 2017 by Aayush Jindal in Market Analysis
The British Pound gained bids during the past few days, and moved above 141.00 against the Japanese Yen.
There was a crucial bearish trend line with resistance at 138.60 on the daily chart of GBPJPY, which was broken recently.
Today in Japan, the Foreign bond investment (April 21, 2017) released by Ministry of Finance posted ¥-1,283.8B, compared with ...
30 March, 2017 by Aayush Jindal in Market Analysis
The Aussie Dollar after failing once again near 0.7740-50 against the US Dollar, dropped sharply.
The AUDUSD pair broke a bullish trend line with support at 0.7650 on the 4-hours chart.
The Australian HIA New Home Sales for Feb 2017 (MoM) released by the Housing Industry Association posted a rise of 0.2%.
Today, the US Gross Domestic Product for Q4 ...