Analysis For Major Pairs

**Williams Taylor** · 26-03-17, 23:40

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!

**Williams Taylor** · 26-03-17, 23:41

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!

**Williams Taylor** · 26-03-17, 23:44

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

**Williams Taylor** · 03-04-17, 01:05

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.

**Williams Taylor** · 03-04-17, 01:08

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.

**Williams Taylor** · 03-04-17, 01:14

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.

**Williams Taylor** · 03-04-17, 01:20

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.

**Williams Taylor** · 23-04-17, 15:21

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!