Nov 14 2018

Crude reality

Oil, after hitting a 4-year high six weeks ago, is reversing dramatically, losing close to 20%; a large part of that reversal (7%) happened yesterday.  Just recently, crude prices and the dollar index together were proving to be a nightmare to oil importing countries (and India topped that list).  There were fears that shortage in

Nov 12 2018

Crude Oil (NYMEX) – Ready to rise

Crude Oil(NYMEX):-A sharp fall is seen in Oil, after the formation of bearish reversal pattern “Double Top”. It seems that the targets of double top pattern is already met – if we calculate from the breakout of its neckline, then there is about $9 fall (from 67.92 to 59.24) – which seems equal to the

Nov 06 2018

AUD/USD: Breakout That Fizzled Soon

The current calendar year saw AUD/USD testing a high of 0.8137 and low of 0.7020. Currently, it is trying hard to remain afloat above 0.7200 level and trades at 0.7207 at the time of writing. When we analyse the past one month movement the pair did made a strong attempt to head northward and touched

Nov 05 2018

Neckline Pullback – Head and shoulder pattern (EURUSD)

EURUSD:-A report shared on 22nd October 2018 on EURUSD a price reversal pattern head and shoulder pattern seems worked well. On the down break of neckline support at 1.1400, we had indicated that the pair can met its desired pattern targets which after calculation had came at around 1.1100 (a 300 pips fall). The pair

Nov 01 2018

Gold XAU/USD on the path to shine

After a long fall from 1365.16 till 1160.06 gold has now started recovering its prices. We have a great opportunity to take some position to buy gold. In the chart, there are some beautiful indications which are showing gold should reach higher prices. Initially gold is seeking to touch 1250 and if price breaks that

Oct 31 2018

EURUSD – Pessimism near its peak

A lot is going against the Euro these days – Italian budget woes, BREXIT uncertainty, ECB’s focus on stimulus unwinding, Fed’s aggressive rate hike stance, safe haven capital flight to the dollar, so on and so forth. Nowadays, market’s commonest position is to short the Euro. Fundamentally, the US is doing far better than its