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This pair has been on the rise for the last 5 days starting from March 16 to March 22. This despite the FED increasing the interest rate by 25 basis point. From the lows of 1.0700 the pair reached the highs of 1.0800. USD also got entangled due to other factors and is quite weak. There might be room to roam for upside from here though rise might stall and USD would recover.
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A 1% rise over the past week is not a mean task considering USD was on the rise earlier and with FED actually increasing the base interest rate along with uncertainty in UK over Brexit. Seems market is taking its own time and factoring other things towards price. Guess there would be some consolidation before the market moves in the direction of the biggest movement. Traders would be cautious though!
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Worst performing pair of the week and still not inspiring confidence seems the theme for this pair. May be slide might halt anytime soon as the mood sentiment improves or the conditions responsible for such a slide subsides! But considering that much has fallen there might not be much more slide unless the sentiments further sours. So traders of this pair might want to be cautious!
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A 50 pips range from the bottom to the top and down for a while seems really a roller-coaster ride. There are conflicting signals for the forward journey but as usual the affecting factors needs to be considered and price would usually move in the most favourble direction. So traders needs to be a cautious too as the price has entered into the uncertainty mode awaiting a clear break to the next move up or down
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EUR/USD was one way traffic this week as the pair slipped quickly under 1.07 level and eventually closing out at 1.0654 level. As we monitor the happening around, it will be fair to say that if there is one pair ahead to trade on then that is going to be this. We strongly feel long trade is ideal for 30-35 pip s gain.
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GBP/USD was overall bullish this week, but there was slight dip in between, as we saw the pair drops down to 1.24 level, it was mainly to do with the article 50 coming into play. But as soon as the obvious thing was done, it was back in high way and we saw the pair closing at 1.2550 and are likely to continue on same pattern.
https://charts.mql5.com/14/588/usdjp...orex-group.png
USD/JPY was in mix plot this week, as we saw the pair going down but was able to hold on the levels and floated above 111 level, it is unlikely that we will see any significant move in the start of the week, but as we go ahead with events like NFP, it is likely to have change.
https://charts.mql5.com/14/588/eurjp...orex-group.png
EUR/JPY had no confusion with the trend racing downside, it was heavily one way work this week, but as we enter into this week, it is all going to change, as we believe the momentum is going shift and long trade here is shouting to be placed.
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Rising nearly 400 pips from the start was the hallmark of this pair last week. This move was totally unexpected and resulted from the present government in UK resigning and announcing a general election on 8 June 2017. It looks like a gamble which might or might not bring the party back to power! So at some time there would be this uncertainty and GBP could be hit. Brexit is a big thing as it affects various conditions after being in EU since beginning!
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EUR/USD has been dipping with Dollar showing strong sign of improvement with rate hike for June becoming a real possibility! It is likely that we will see the pair staying steady right through before NFP comes into play. We are highly bullish on this pair for further ahead.
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GBP/USD has dropped heavily so far this week, it has being slightly steady today but with NFP and some other major events to come, it is highly that we are going to see the thing turn, but we are strongly bearish on here, it will be good time for sell if there is some recovery.
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USD/JPY has been staying positive right throughout the week so far with Fed Interest Rate decision staying unchanged and as we go further, it will be NFP to talk about. The outcome of the event is likely to push the pair even higher. It won’t be bad time for buy here.
https://charts.mql5.com/14/921/eurjp...ex-group-2.png
EUR/JPY pulled up nicely so far in the week with today also being every much steady, it is likely to stay on bullish note for rest of the week. It will be good chance to but if there is any correction, but we must not enter into any trade till there is clarity over the further direction.
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GBP/USD this week has been bearish with big drop, but it did pulled back the closing which was mainly to do with Donald Trump’s action playing the lead role in pulling it down through the firing of FBI Director James Comey and also had warn him, it is likely that the effect will remain but still bearish trend is likely.
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EUR/USD has been running steadily without any major push either side. However it is fair to say that the momentum is looking at bullish side, so it will be interesting where things head next. We have to be very wise with how we play it out. We are bullish on this pair as we go ahead.
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GBP/USD was bearish last week, but it picked up before closing out and this week so far, it has remained on similar lines with the signs for bullish trend is continuing ahead. So, it will be interesting where it leads next but we are still bearish on this pair.
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USD/JPY has been very slow and steady throughout the last week, but has shown noticeable jump this week on the opening day, it’s likely that we will see the push coming in as we go ahead in the week, bust still we see bearish trend working out overall.
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EUR/JPY was steady last week on the higher side, but there is still plenty of hesitant in the moment, it tells us that there are still plenty of huddles that are required to be cross in order to get things in right way, but we are confident of the bullish trend.
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USD/CHF was touch bullish last week, but things have turned somewhat and hints are coming up for bearish trend to join in, so it will be interesting as how far it all can go up. It will be good chance to have buy here if here is any further dip.
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EUR/USD has stayed steady throughout the week so far, it’s unlikely that we will witness any dramatic change but there are some major events that are going to take place, so that can change the picture pretty quickly. However, we believe that the trend is likely to remain neutral!
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GBP/USD has gained nicely in last couple of days crossing 1.30 level once again after 2 weeks. But, as we go ahead in the setting, it can be said that we will see a drop again and the pair going below 1.30 level. So, we are very much bearish on this and consider this is an opportunity to go for short.
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USD/JPY has been running on lower side but the pair has picked up somewhat. We can still see huge room for the trend to turn, but there is plenty of uncertainty around which is what making this not right time. However, we are very much bullish on the pair and consider it good chance for long trade.
https://charts.mql5.com/16/84/eurjpy...orex-group.png
EUR/JPY has been running on higher side but at very steady pace. It’s highly unlikely that we will see any dramatic change occurring, but we do see the trend getting more neutral. So, it’s not exactly the ideal time for long term trade, but can work well for scalping with so much sideway movements.
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EUR/USD is looking in neutral trend as of now, but the momentum is sure to push it down again. If we see by SAR indicator, it clearly shows that the push is still for bearish; it will be good opportunity to go for shorts here.
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GBP/USD dropped massively yesterday as over 200 pips were gone in blink on an eye. With SAR not showing exact picture due to such wide movement. It looks bit tough to make any trade, it will be better to go for shorts here.
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USD/JPY is gaining fairly decent momentum since last few weeks. As we see on SAR indicator, it too shows the same thing with the pair running on the higher side; it will be good opportunity for us to go for shorts here due to overbought scenario.
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EUR/JPY has been running extremely high since last few days, but if we go with SAR, it shows that the movement is running towards the down side. So, right now making any trade on this is going to be too much. It is better bet that we hold on before any trade.
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EUR/USD this week started in bullish fashion, and has continued that way so far. We have seen in recent weeks it dropped fair bit, but now things are on the recovery note, and the trend is all very much turned. We could see it come near the 1.20 level, at the current trend!
https://charts.mql5.com/17/70/gbpusd...orex-group.png
GBP/USD this week was very much mixed, as we saw up/down movements. Overall, the trend is very much neutral and right now, there is really no way anyone can talk about where it’s heading. So, it is not the right situation to go for long term trades!
USD/JPY saw things working up nicely this week as the pair shoots up to reach near 114 levels; it’s likely that we will see it come near the 115 level with the way situation is developing. It is a good time to get into long trade if we see any kind of dip coming over!
https://charts.mql5.com/17/70/eurjpy...orex-group.png
EUR/JPY went absolutely nuts this week, as we saw it carry up over 200 pips, it is highly likely that we will see it continue on similar fashion ahead as well without any major thing to point out. How far it is going to go is the question that will be asked by many out there!
Stocks dive and then surge back as U.S.-China trade war escalates.
I dunno any countries can take advantage of this. Top 2 countries start a war ...
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