11 September, 2018 by Aayush Jindal in Market Analysis
The British Pound found support near 1.2900 and recovered against the US Dollar.
There is a major bullish trend line formed with support at 1.2840 on the 4-hour chart of GBP/USD.
The UK Gross Domestic Product in July 2018 increased 0.3% (MoM), more than the 0.2% forecast.
Today, the UK Claimant Count Change for August 2018 will be released, which is...
22 December, 2017 by Aayush Jindal in Market Analysis
The US Dollar is once again approaching towards a major resistance near 113.75-114.00.
On the downside, there is a key bullish trend line forming with support at 113.20 on the 4-hours chart of USD/JPY.
A break and 4-hour close above 114.00 could open the doors for more upsides.
The third estimate of the US GDP came in at +3.2%, less than the forecas...
31 March, 2017 by Aayush Jindal in Market Analysis
The New Zealand Dollar recovered well from 0.6880 against the US Dollar, and now facing resistance near 0.7080.
The NZDUSD pair recently failed to break a bearish trend line with resistance at 0.7060 on the 4-hours chart.
The New Zealand Building Permits for Feb 2017 (MoM) released by the Statistics New Zealand posted a rise of 14%.
Today, the US Pe...
27 October, 2016 by Aayush Jindal in GBPUSD, Market Analysis, Technical Analysis
GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next
The British Pound recovered recently to trade above 1.2150 against the US Dollar.
There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned.
Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
31 March, 2016 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
GBPUSD – British Pound Can Continue Trading Higher?
British Pound failed around the 1.4450 level against the US Dollar and started to move down once again.
There are many support levels on the way down for the GBPUSD pair, which can act as a hurdle for the sellers.
In the UK, the GfK Group Consumer Confidence was released, whic...
25 February, 2016 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
GBPUSD Down and Out; Hits 7-year Low
British Pound continued to trade down, and created a new 7-year low against the US dollar.
GBPUSD broke the 1.40 level and it looks like set for more losses in the near term.
All the tension and drama in the UK and the Euro Zone regarding the Brexit ignited a solid downside reaction in the Bri...
23 December, 2015 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis
EURGBP – Critical Break Noted; More Upsides Ahead?
Euro managed to gain traction against the British Pound and traded above a major resistance area.
There was a contracting triangle on the hourly chart, which was broken during the upside move.
Today, the UK Gross Domestic Product will be released by the National Statistics, whi...
01 July, 2015 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
British Pound after surging higher declined, and looks set for more losses in the near term.
UK Gross Domestic Product released by the National Statistics registered an increase of 0.4% in the first quarter of 2015, compared to the preceding quarter.
UK Index of Services registered a gain of 0.5% whereas the forecast was 0.4%.
UK Total Business Investme...