Jan 12 2018

EURUSD – Cup and Handle on Weekly chart

  The euro climbed to a three-year high after German Chancellor Angela Merkel’s conservatives and rival Social Democrats reached a breakthrough in coalition talks.  The news gave fresh legs to the current rally being driven by expectations that the European Central Bank may quicken the pace of trimming its massive monetary stimulus. On Thursday, minutes

Jan 11 2018

Price Reversal Pattern(Bearish Butterfly) – EURUSD

On a Daily chart of EURUSD, a price reversal pattern “Bearish Butterfly Pattern” is found, fulfilling all of its technical assumptions which are mentioned below. Move A-B retraced to 76.2% of X-A fall, And If we talk about the next move B-C it is corrected/retraced to the extent of 61.8% golden ratio. Hence B-C has

myforexeye-blog 19 dec
Dec 19 2017

Gujarat Election Results – Reading between the lines

It was one hell of a ride. People will remember 18 December ‘17 for a long time (obviously for various reasons). Rupee opened at 64.15 and within 16 minutes plunged to 64.74 (its lowest level since end November’17). Before the market participants could realize what’s happening, rupee was back to 64.15 in the next 52

Dec 15 2017

Predictable Fed, Unpredictable Markets – 14Dec17

As was widely expected, US Fed increased the benchmark interest rates by 25 bps yesterday – third rate hike this year. The Fed kept their inflation outlook for the coming year unchanged but raised their economic growth forecast for 2018. The decisions were mostly on expected lines but currency markets’ reaction was puzzling. The dollar

historical forex rates
Dec 01 2017

GBPUSD – Inching towards trend channel resistance

Fundamental Factors for Sterling Rally:-   Pound started its rally after Bank of England (BoE) decided on 02 Nov 2017 to increase interest rates for the first time in a decade. Specifically, the BoE increased the benchmark interest rate from a record low of 0.25% to 0.50%. This is the first increase since July 2007

Nov 21 2017

USDINR Ideas – Rating upgrade boost – 21Nov17

Rupee has witnessed a see-saw kind of volatility since I wrote my last article (dated 1Nov17 – please see below). Hope dollar importers have paid heed to my advice of hedging November liabilities around 64.50-60. Rupee had surged to a short-term peak of 64.47 on 2 November and quickly weakened towards 65.40-50 within a couple