aslamhammad's Blog

Avatar

GBP/USD

Daily Time Frame with bollinger bands

Well Daily Chart suggest that we are still trading below the middle bollinger band and price is still in a down trend. So, the price exchange for GBP/USD may still continue lower according to this technical study. Upto 1.2070

Monthly Time Frame with ichimoku cloud
The price for GBP/USD in the monthly chart suggest that we're still trending downward, as we are trading below cloud+price below ki jun sen and tenken sen cross to downside and still seems like w…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

USD/JPY

Monthly chart

Well technically in the monthly chart USD/JPY is still in a uptrend.....It requires a major breakout above the 124-125Yen level.....After which i expect price to rally upto 135¥ for 1$. Hence my sentiment is bullish for this pair.
Weekly Chart:

In the weekly Chart price is overbought at the moment.....But more demand can increase above the 123Yen level upto 124Yen level....If Fed Reserve bank of U.S.A hikes interest rate from 0.25%-0.50%, than we can expect a mega spike upto
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

GBP/USD

Monthly Chart

Currently GBP/USD trading inside a bear flag in Monthly chart.....In December if we got the rate hike.....Than i expect price to drop around 1.4500. In the longer term.....There maybe an additional rate hike by Fed, later that could cause GBP/USD to drop further down to 1.4000 by March. So, in the long term, expecting price to go down.
Weekly Chart:
We can see in the weekly chart that price is currently trading below this trendline+ below the ichimoku cloud....Needs to first break…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

Gold, XAU/USD

Monthly Chart:
Well it looks like bear flag formation monthly chart.... First support in it is around 1045 area... Next month candle opens in December....If fed hikes rate with 0.25 basis points..... in that case can drop upto 977$. Hence my sentiment is bearish on Gold/Dollar exchange price. Expecting it to reach 1000$ by 1st of January 2017.
Monthly Chart 2:
Previous Support major support in Gold was around 977$. I think technically price is heading there in the long term.....Hence expecting i…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

USD/CAD

Monthly Chart

Well technically price is in a channel up pattern......And according to the elliot wave, it looks like we're currently in a 3rd wave.....Targeting 1.4000 by 1st of January 2017.

Daily Chart:

Currently price is have support above 1.3290, as it formed into a inverted head & shoulder pattern....Current price is very bullish above 1.3307 area, as we are above the trendline+ ichimoku cloud.....It is possible for price to continue upto 1.4000 in case FED Reserve Bank of United State
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

EUR/USD

Monthly Chart:
Well it looks like price has been stuck in a elliot wave triangle earlier, than formed into a bear flag....Currently, heading south in December....I think if ECB cut interest rate like 0.10 basis point or 0.20 basis points....It's possible to see 500pip -1000pip drop down to 0.9600 level.....As Fed Reserve bank of U.S.A also plans to hike interest rate......So, either way it is going to go lower in December in my view. So, my sentiment is bearish .....And expect price to close aro…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

EUR/CAD

Monthly Chart

Well after previous pin bar candle, i think price became oversold earlier, and now price is beginning to gain demand, should be moving toward the middle bollinger band area around 1.4300 by 3rd August 2015 .

Daily Chart

Earlier price had a shooting star candle in the daily around 1.4162 where price had become earlier overbought, currently price is ranging, but still above the 50day moving average which is around 1.3680, so as long as price is trading above 1.3700 in other words…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
aslamhammad avatar

Well i was pretty close on this on, as Currently closing price on Friday was around 1.4380 around the neckline

lubZostaw komentarz
Avatar

GBP/NZD

Monthly Chart:
Well in the monthly chart of GBP/NZD, a pattern known as inverted head and shoulder formed and earlier, form a technical view, price was above a hammer candle + above 50day moving average in monthly chart + was initially already broken above 2.1000, which was the major neckline of this pattern. So, when RBNZ announced interest rate cut on this past Thursday 11th June, RBNZ announced surprise rate cut from 3.5% to 3.25%. So, hence price continued to upside from 2.1500-2.200 around…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
aslamhammad avatar

Target reached 2.3000+++ :)

lubZostaw komentarz
Avatar

USD/CAD

Monthly Chart:
Well earlier we had a triple top (head & shoulder pattern) in the USD/CAD, having a neckline around 1.2400 (base support). and a head (resistance) around 1.2834 in the month of March of 2015. As in the month of March the Fed did not hike interest rate or change interest rate from 0.25% to 0.50%. So, we saw slight consolidation and than during CAD interest rate in the month of April we saw the consolidation continue adding a short term supply and short breakout below the 1.2400 are…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
aslamhammad avatar

Well on this Friday, we formed a double top around 1.3090, so the price came down around 1.2940 (low on Friday), and than price consolidated back to 1.3090 again due to high demand, as CAD GDP data was bad on Friday around -0.2%, which was less than the forecast :). A break above 1.3100 can lead price toward 1.3150-1.3200.

lubZostaw komentarz
Avatar

USD/CHF

Monthly Chart 1

Well earlier in start of this year of 2015 on the 15th of Jan, we saw Swiss National Bank rat cut interest rate from -0.25% to -0.75%. So price came down from 1.0200 down to 0.8330, like around 2000pip drop. Where price became oversold. And than we later saw alot of buying upto month of March when we saw EUR/USD near 1.0450$ for 1€. So, fed had to control price of USD, so there was no interest rate hike in that month, hence we saw a pullback at point 3 down to point 4 our high…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
aslamhammad avatar

Well Price was trading around 0.9727 on this past Thursday, but as U.S GDP number was disappointing, and we were near the 61.8 Fib ratio, we made a slight pull back to 0.9550 on this Friday.

lubZostaw komentarz
Więcej