by gcmasiauser | Mar 16, 2018 | Crudeoil
CrudeOIL, H4: Crude oil price was traded in consolidation within a descending triangle. An absence of obvious signals from both candlestick pattern and MACD histogram would suggest to wait for confirmation breakout before entering any trade. Resistance level: 62.00,...
by gcmasiauser | Mar 16, 2018 | USD/JPY
USDJPY, H1: USDJPY was traded lower following its failure to break resistance by 200-MA line. MACD histogram that portrays diminishing bullish momentum would suggest the pair to extend its losses towards the support level at 105.90. Resistance level: 106.40, 106.90...
by gcmasiauser | Mar 16, 2018 | EUR/USD
EURUSD, H4: EURUSD was traded lower after breaking trend line of symmetry triangle. The pair is currently testing the support level at 1.2300. MACD histogram that portrays ongoing bearish momentum would suggest the pair to extend its losses if breakout at the said...
by gcmasiauser | Mar 16, 2018 | GBP/USD
GBPUSD, H1: GBPUSD was traded lower prior retracement from resistance level at 1.3950. Formation of engulfing candlestick pattern and MACD histogram that portrays ongoing bearish momentum would suggest the pair to extend its losses towards the support level at 1.3910....
by gcmasiauser | Mar 16, 2018 | Daily Analysis
16 March 2018 Daily Analysis Dollar bull accelerated following optimistic job data! Dollar index was traded higher against a trade-weighted basket of major currencies, last quoted up 0.40% to 90.01 following an upbeat labor...