Ayushvam's Blog
EUR/USD
EURUSD touched a one-week high of 1.1746 on Tuesday before quickly retreating below 1.1700. The pair now sit on the 20- and 50-day moving average and may fall back further if the FOMC releases a hawkish statement. The upside for EURUSD remains at 1.1791, the July 9 high, while the November 7 swing low at 1.1554 remains a medium-term target for bears. The double-low just above 1.1500 should provide solid support for the pair.
GBP/USD
This pair ends with a strong bullish move. Which lead us to think that next week this pair also gonna show the same move. All GBP based pair currently showing bullish momentum as well.
EURGBP 4H
This market started showing interest on bullish side. The all time high is already broken and it is also following the trend lines. so looking for the long trades for this pair.
GBP/AUD
This pair is obeying the trend line from a while but now it is converging in upward flag pattern. if it break it to upside that will be a great way to make some pips in this pair. good luck. i will keep my eyes on it.
GBP/JPY 1D
This Pair is struggling in 145 to 146 area. In 1 day chart there is a clean double bottom setup. we also have the strong bullish candle near the resistance zone which make this pattern more reliable. We still have opportunity to go long here,
USD/ZAR
After a long move in upward direction this pair just showed a possible reversal signal based on divergence pattern. The Rsi divergence is simply the most accurate one in this segment so will look forward in a short entry for this pair.
EUR/USD
The momentum lacked any follow-through on the first day of a new trading week and failed ahead of the 1.1700 handle amid fresh German coalition crisis. As per technical point of view market is in a wedge which lead to the new trend.
GBP/JPY 1D
This is a market that has been struggling, and I think that it’s only a matter of time before the downtrend continues itself. The previous uptrend line has been broken and it does suggest that we have a lot of negativity in this market.
USD/JPY
After a long move this pair is retraced in a area and still struggling to find a spot to jump from here.The pair had its time to consolidate and the uptrend can resume now. The Fed is still on course to raise rates and assuming no significant geopolitical deterioration happens, the pair can make another attempt on 110.
EUR/USD 4H
This is in strong bearish momentum.While the euro may be experiencing oversold conditions, there are good reasons to sell it. The slowdown is serious and extends beyond the first quarter. Draghi may be more dovish in his speech, weighing on the common currency. In the US, things are not perfect and the greenback may be overbought, but the economy is doing much better than in Europe and the Fed remains on course to raise rates.i remain bearish in this pair.