The USD/JPY pair has broken out of its wedge pattern towards the downside on a 4 hour time frame. The pair has not completed its downward wedge pattern yet, however, it is trading in an upward channel pattern.
Read MoreThe EUR/USD pair fell from its resistance zone on a 4 hour time frame. The resistance zone was given in our analysis yesterday and the risk mentioned was nearly 25 pips whereas the price moved all the way to 1.1254 which represents nearly 89 pips profit.
Read MoreThe EUR/USD pair is trading above its upward trend line on a 4 hour time frame. The price has pierced the Bollinger band and this is a confirmation that the volatility is high. Pricing of the Bollinger band is considered as an opportunity to buy or sell the derivative by technical analysts and the odds…
Read MoreThe DAX index has broken its downward trend line on a daily time frame. This is a confirmation that the downward trend is no longer in play. Moreover, the price is also trading above the 50 moving average which is how in yellow and this is a further confirmation of the above argument.
Read MoreThe AUD/USD pair fell from its resistance zone on a daily time frame. The resistance zone was mentioned in our analysis on the 9th March. The risk mentioned was 60 pips and the price has moved nearly 75 pips at the time writing. This gives a nice 1:1 risk to reward ratio. We are still…
Read MoreThe GBP/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the trend is biased towards the upside. Moreover, we are trading above the 50 and 100 day moving averages shown in yellow and red color respectively. This is a further confirmation of the above argument. As…
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