EURUSD maintains sideways pattern

As seen on the intraday chart, EURUSD is still moving in a sideways pattern, consolidating between 1.3320 and a significant support at 1.3024. Until now the formed pattern on the H4 chart is an expanding triangle. This pattern will probably continue in the next few days. On a smaller time frame clearly visible …

GBPUSD maintains intraday down trend

As seen on intraday charts, GBPUSD maintains its downwards movement as it continues trading inside a sliding channel. The pair has tested the lower line of the channel which is at current low at 1.5660. The area is also the 38.2% Fibonacci retracement level of previous uptrend from 1.5234 to 1.5928. If this …

Daily Technical Analysis – Asian Stock Index

Nikkei Futures Nikkei futures likely to continue its rising intraday trend, especially if the index futures may penetrate the first resistance at 9025. If this bullish scenario actually happens then 9100 and 9250 will be the initial target. But one thing to be observed is sideways pattern that occurred a few days …

Gold could not touch the old uptrend line

The battle between bulls and bears in the gold trading is very visible today. Pullback in gold prices could make close to the uptrend line that has been penetrated in the last weekend. The trend line is now at 1737.20. Visible on the H4 chart, gold is re-consolidating for short-term . Although gold has not managed …

EURUSD stays under pressure on intraday trading

Intraday EURUSD trend is likely to decline. However, this intraday down trend does not seem so strong. As seen on H4 chart, until now EURUSD is still moving on the uptrend line (1.3155) and 120-period SMA (1.3075). It is apparent that buyers still dominate the EURUSD trading in the last three days though continue …