06 October, 2016 by Aayush Jindal in GBPJPY, Market Analysis, Technical Analysis
GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar
The British Pound declined heavily recently not only against the US dollar, but faced sellers against the Japanese yen as well.
There are two bearish trend lines formed on the 4-hours chart of the GBPJPY pair, which may act as a resistance in the short term.
The GBPUSD pair also remains ...
08 July, 2016 by Aayush Jindal in Crude Oil, Fundamental Analysis, Market Analysis, Technical Analysis
US Nonfarm Payrolls Day – WTI Crude Oil Price To Weaken Further?
The US Dollar traded mixed this week, as it gained against a few currencies, but at the same time fell against others.
The greenback also lost some ground against commodities such as Oil and Gold, but later managed to recover.
WTI Crude Oil price traded higher and managed to move above...
07 July, 2016 by Aayush Jindal in Market Analysis, Technical Analysis, USDJPY
USDJPY – Japanese Yen Continued To Enjoy Gains Vs USD
The US Dollar traded this week with a bearish bias versus the Japanese yen, and traded below a major support area of 101.80.
The USDJPY pair even broke a support trend line formed on the 4-hours chart to open the doors for more losses.
Earlier today, the foreign investment in Japan stocks data wa...