Technical Outlook - USDJPY

Author:-Unknown

Posted Date:-15-Sep-2017

Bulls would be eyeing for a decisive break through the 111.00 handle, above which the pair is likely to dart towards the 112.00 neighborhood with some intermediate resistance near 111.30-35 area.

On the flip side, 110.50-45 zone now seems to protect immediate downside, which if broken could drag the pair back towards the 110.00 psychological mark ahead of 109.70 horizontal support.

GBPUSD-Technical View

Author:-Unknown

Posted Date:-14-Sep-2017

The pair seems now poised to extend its decline, as in the 4 hours chart, the price broke below the 1.3225 price zone, where it has its 20 SMA and the 23.6% retracement of its latest bullish run between 1.2908 and the afore mentioned high of 1.3328, heading now towards the 1.3160 region, where the pair bottomed earlier this week, and also has the 38.2% retracement of the mentioned rally. A recovery beyond 1.3225 should take off the pair some of the current bearish pressure, although a clearer picture will come after Carney & Co. announcement.

Sell GBPUSD at 1.3350-60 for a target of 1.3110

Author:-Ankit Nagpal

Posted Date:-13-Sep-2017

GBPUSD:- GBPUSD is getting closer to its major resistance zone, on a daily chart the pair is trading in a upward sloping trend channel and the resistance of this trend channel is at around 1.3375-80 mark. A reversal is expected from the said resistance area. Momentum indicator 14-day RSI is in overbought territory, presently at 74.13 level. We suggest to stay on sell side.

Trade Idea:-Sell GBPUSD at 1.3350-60 for a target of 1.3110 with a stop-loss of 1.3430.

Good Luck...!  

EURUSD, "Euro vs US Dollar"

Author:-Unknown

Posted Date:-11-Sep-2017

The EURUSD pair has reached a new high and right now is moving downwards with the target at 1.1994. We think, today the price may reach this target and then grow towards 1.2043, thus forming the descending impulse along with the correction. Later, in our opinion, the market may form another consolidation range between the above-mentioned levels. 1.2070. If later the instrument breaks this consolidation range to the upside, the market may grow towards 1.2121; if to the downside – continue the correction to reach 1.1887.

Sell USDINR at 64.30 for a target of 64.00

Posted Date:-06-Sep-2017

USDINR:-Analysing the 4-hour frequency chart of USDINR is showing a formation of "Symmetric Triangle". A pattern in which the outcome is dependent on either side range breakout, whether it is upside or downside. In the current scenario the pair USDINR is trading in between the range of symmetrical triangle pattern, and we suggest to sell the pair at upper resistance band of around 64.30-33.14-Day Relative strength index is at 60 mark close to its overbought region.

Trade Idea:- Sell USDINR at 64.30 for a target of 64.00 with a stop-loss of 64.40.

Good Luck...!

Sell GBPUSD at 1.2925 for the targets of 1.2830 and 1.2775

Author:-Ankit Nagpal

Posted Date:-30-Aug-2017

GBPUSD:- Daily chart is indicating the pair GBPUSD has yesterday stopped its gains by a formation of single candlestick reversal pattern(Shooting Star) at a short term resistance area, the resistance zone is shown by the black coloured trend line by connecting the lower highs from 1.3059 to 1.2979. Momentum indicator 14-days Relative strength index is below 50 mark(currently at 48.57), indicating the strength of bears. We suggest the traders to go short in GBPUSD from current levels.

Trade Idea:- Sell GBPUSD at 1.2925 for the targets of 1.2830 and 1.2775 with a safe stop loss of 1.2985.

Good Luck...!

Buy Crude Oil(NYMEX) at current market $47.25 for a target of $48.30

Author:-Mr. Ankit Nagpal

Posted Date:-18-Aug-2017

Crude Oil(NYMEX):- On a daily chart a Symmetric Triangle formation is found. The highs and lows of Crude Oil is getting converge from both the ends, and currently it is trading at the lower range or we can say the Oil has finds its support at current levels. We suggest to go for buy in Crude Oil(NYMEX).

 

Trade Idea:-Buy Crude Oil(NYMEX) at current market $47.25 for a target of  $48.30 with a stop loss of $46.80.

 

Good Luck..!

Sell CrudeOil (NYMEX) 49.50 for a target of 48.65

Author:-Mr. Ankit Nagpal

Posted Date:-09-Aug-2017

CrudeOil(NYMEX):-On a look at the 4 hour chart of NYMEX a symmetric triangle pattern formation is found, as the lows are getting higher and the highs shrinking lower. The oil is trading in the range between 48.35 to 50.37, immediate resistance is at 49.50 and the immediate support is seen at 48.65. We suggest to stay on sell side.

 

Trade Idea:-Sell CrudeOil (NYMEX) 49.50 for a target of 48.65 with a stop-loss of  49.80.

 

Good Luck.....! 

Sell Silver(XAUUSD) at $16.85 for a target of $16.85 and $15.70

Author:-Mr. Ankit Nagpal

Posted Date:-04-Aug-2017

 

Silver(XAGUSD):- Silver is trading in a short term downtrend channel on a daily chart and the metal is currently hovering near resistance or supply zone. Immediate Resistance is at around $16.85. We suggest the traders to take a short/sell position.

 

Trade Idea:- Sell Silver(XAUUSD) at $16.85  for a target of $16.85 and $15.70 with a tight stop of $17.00.

 

Good Luck...!

Buy USDJPY at current level for a target of 112.00

Author:-Mr. Ankit Nagpal

Posted Date:-31-Jul-2017

USDJPY:- The pair seems to find support near current levels. On a daily chart USDJPY is trading close to oversold region. As the 14-day Relative strength index is at 37mark, which is near its oversold territory(30-mark).A daily trend-line support is also found around 110.30 level. we suggest the traders to stay on buy side.

 

Trade Idea:- Buy USDJPY at current level for a target of 112.00 with a stop-loss of 110.00.

 

Good Luck...!