Natural gas is moving is a sideway channel on a daily time frame. This shows that the volatility for the price is low and it can remain at this level as long as we stay within this channel. However, as the trend is townward the downside on the daily time frame and the price is…
Read MoreBrent crude is trading below the downward trend line on a duly time frame. The brent price is trading below the 50 day (shown in red) and 100 day (shown in yellow) moving averages which means that the bias is towards the downside. The price has also pierced the Bollinger Band, piercing of the…
Read MoreThe GBP/USD has bounced from OUR identified support zone on a 60 minute time frame. The support zone was given in our analysis on the 8th of September. The risk mentioned was 7 pips and the price has moved 10 pips in direction which is more than 1:1 ratio. The pair has broken its downward…
Read MoreThe USD/JPY pair is trading above its upward trend line on a 60 minute time frame. The price is also trading above its the 100 day (shown in red) and 50 day (shown in green) which clearly represents that the bulls are in control of the price. However, the RSI indicator is showing a clear…
Read MoreThe AUD/USD pair is trading below the downward trend line on a 60 minute time frame. The price has pierced the Bollinger band and piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance. However, the important level of support is not close…
Read MoreApple has formed an ascending triangle pattern on a 30 minute time frame. The pattern is a bearish pattern and if the price breaks towards the downside, we could see the price near the $96. However, if we get a false break out and the pattern does break out towards the upside, which does happen…
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