EURUSD struggles to keep rebound from monthly low ahead of the key US Consumer Price Index (CPI) data for August. Given the latest chatters over Fed tapering before the next week’s FOMC, today’s US inflation data becomes crucial for the markets. Ahead of the data, the US dollar slips and prints mild gains on the face of the EURUSD. However, failures to cross the...
Despite staying beyond 200-EMA so far in September, EURUSD gains have recently been challenged by a one-week-old descending trend line near 1.1840. Considering the firmer RSI and receding bearish bias of MACD, the upside momentum has brighter chances to accelerate towards the monthly high, also the double-top, surrounding 1.1910. However, 1.1855 may offer an...
Early Tuesday, the Reserve Bank of Australia (RBA) surprises markets by announcing details of weekly bond purchase tapering. The traders were earlier hoping for a delay in the tapering plans and hence the AUDUSD jumped around 30 pips just after the RBA news. However, downbeat comments concerning the Aussie GDP and cautious economic view recall the pair sellers,...
EURUSD drops to the fresh low since November 2020 during early Thursday amid broad US dollar strength. While a clear downside break of the 1.1700 threshold keeps the pair sellers hopeful, a downward sloping trend line from mid-June joins the oversold RSI conditions to challenge the further losses around 1.1655. It’s worth noting that the pair’s refrain to bounce...
Aarti Drugs || Chart analysis✅
Can see-
✅Ascending triangle
✅Descending triangle
✅Symmetric triangle
✅Parallel uptrend channel
✅downtrend channel
👉This is not a buy recommendation.
👉The stock is in a major suppport,and maybe can see a reversal from current level.
👉Postive Q1 published.
Study well🙏expecting good growth.
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USDCAD struggles to extend the previous day’s rebound during early Friday. Inability to rise joins downbeat MACD and sluggish RSI to keep sellers hopeful. However, a convergence of 50-day and 100-EMA surrounding 1.2455-50 becomes a tough nut crack for the pair sellers. On an immediate basis, a daily closing below the 1.2500 threshold becomes necessary to confirm...
As EURUSD -0.18% has touched double bottom , according to the chart pattern the setup is LONG for the next few weeks excluding minor corrections.
If Market follows this pattern, then there is opportunity of earning 250+ Pips!
