Thread: Analysis For Major Pairs
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26-03-17, 22:35 #1
Analysis For Major Pairs
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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26-03-17, 22:40 #2
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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26-03-17, 22:41 #3
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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26-03-17, 22:44 #4
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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03-04-17, 00:05 #5
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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03-04-17, 00:08 #6
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.
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03-04-17, 00:14 #7
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.
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