08 January, 2019 by Aayush Jindal in Market Analysis
The British Pound broke the key 1.2680 and 1.2720 resistances against the US Dollar.
There was a break above a short term bearish trend line at 1.2740 on the 4-hours chart of GBP/USD.
The US ISM Non-Manufacturing Index in Dec 2018 declined from 60.7 to 57.6.
Today in the US, the Trade Balance figure for Nov 2018 will be released, which is forecasted...
05 September, 2018 by Aayush Jindal in Market Analysis
The US Dollar found support near 0.9650 and recovered against the Swiss Franc.
There is a key bearish trend line in place with resistance at 0.9775 on the 4-hour chart of USD/CHF.
The Swiss Consumer Price Index remained flat in August 2018 (MoM).
Today, the US Trade Balance figure will be released for July 2018, which is forecasted to post a deficit...
06 June, 2018 by Aayush Jindal in Market Analysis
Crude oil price started a fresh downside move and declined below the $66.00 support against the US dollar.
There is a major bearish trend line in place with resistance at $65.90 on the 4-hours chart of XTI/USD.
The US Services Purchasing Managers Index (PMI) in May 2018 increased to 56.8 from 55.7.
Today in the US, the Trade Balance figure for April...
07 March, 2018 by Aayush Jindal in Market Analysis
The British Pound started a new upside wave and traded above 1.3800 against the US Dollar.
There is a crucial bearish trend line forming with resistance at 1.3980 on the 4-hours chart of GBP/USD.
The US Factory orders declined 1.4% in Jan 2018, more than the forecast of -1.3%.
The US Trade Balance figure for Jan 2018 will be released today, which is...
04 May, 2017 by Aayush Jindal in Market Analysis
The Aussie Dollar remained under pressure with resistance at 0.7550 and 0.7460 against the US Dollar.
There is a monster bearish trend line resistance formed at 0.7540-50 on the 4-hours chart of AUDUSD.
Today in Australia, the trade balance for March 2017 released by the Australian Bureau of Statistics posted a trade surplus of 3,107M.
Today in the ...
06 July, 2016 by Aayush Jindal in GBPUSD, Market Analysis, Technical Analysis
GBPUSD – Post Brexit Impact Continues On British Pound
There was no relief for the British Pound, as it continued to weaken against most major currencies.
The GBPUSD pair created a new low this week, and looks set for a test of the 1.2800 handle.
Earlier, the British Retail Consortium (BRC) Shop Price Index was released, which came in at -2% in June...