May 19 2018

USDJPY – Limited upside, correction about to come

USDJPY:- Japanese Yen against US. Dollar is reaching towards its critical support/demand zone, or in other words we can say Yen is going to stop its losses against the US Dollar. A downward sloping trend-line – connecting the lower highs from mid of 2015 to early 2018 is projecting a critical resistance for the pair

May 04 2018

GBPUSD – Technical View

GBPUSD:-Sterling against Dollar is currently trading in its oversold range and is likely to find support near current levels. Connecting with higher lows – an upward sloping trend line is drawn, which is projecting a strong/major support for the pair(A convincing close below the trend-line support will negate the current view). After a steep fall

Apr 27 2018

USDINR Ideas – Sanity will return – 27Apr2018

USDINR validated my last week’s argument, brilliantly – “Financial markets (including rupee) are inherently volatile by nature” – please check my research below. Well, my other argument did not hold – “My sense is 66.245 – 66.55 region will act as a good resistance for this dollar rally” – that resistance region gave away –

Apr 20 2018

USDINR Ideas – Will the storm endure? – 20Apr2018

After trading range-bound around the 65 mark (+ – 20 paise) for a month and a half, rupee has suddenly weakened from 64.85 to 66.07 in a span of just 9 working days. Per se, it is just about 1.8% weakening. The market participants, no doubt, have been caught unawares. Most of them continue to

forex report
Apr 13 2018

Gold(XAUUSD) – Descending Triangle with Bearish Engulfing

Gold(XAUUSD):-Descending Triangle is formed on a daily chart of Gold(XAUUSD), declining peaks with equal lows are clearly visible on the chart. Gold is presently trading in the range of this triangle, in which the resistance stood at around 1350-60$ and the support of this triangle is at around 1307-1310$. On the resistance of this triangle,