AnasRathore

AnasRathore

Recommendations for Bulls: Buy above 1.1320 with stop loss 1.1280. Target 1.1400 Recommendations for Bears: Sell at 1.1290 with Stop loss at 1.1320. First Target Cloud Support at 1.1170-1.1200 and second Target 1.1050

AnasRathore

USDX is trading at upper cloud boundary and at a very critical level. A break below will be a Bearish sign. Daily closure below the cloud support will open the way for 95.50-95 before we see a strong bounce. Resistance is at 97.50, if broken we will see 98 level. Cloud support at 97.10-97 is a strong support area and the price is testing upper cloud boundary. We...

AnasRathore

EURUSD is trapped between the tight range between 1.1300-1.1100. There is no clear indication of the trend yet. Support is at 1.1160 and resistance lies at 1.1230. Breakout of either side will give us further direction. Personally I expect lower boundary to be tested and I expect the breakout towards the downside and the pair can test upper cloud boundary first...

AnasRathore

USDX didn't show that much strength and came back lower from 97.85 level. DXY is testing the cloud support and we might see the double bottom. Breaking below the cloud support will invalidate the bullish scenario and then we might see more lower levels before a big bounce. Right now I am still bullish on DXY unless we break below the cloud support (97.15-97). ...

AnasRathore

The pair looks bearish to me as long as we keep defending the cloud resistance. First resistance lies at 1.11850. Recommendations: Sell at 1.11800, Stop Loss 1.12300 and Target 1.10500.

AnasRathore

I am still bullish on USDX as long as bulls keep defending cloud support at 97.10 and continue to expect more upside in Dollar in the coming sessions. Recommendations: Buy at 97.40-97.50 , Stop loss at 97.00 and set target at 98.50.

AnasRathore

EURUSD reached 1.11190 and reversed back and didn't reach my target. This can be dangerous for Bears as the price is now up from both tenken sen and kijun sen lines. Price has broken the short term resistance but it maybe a false breakout and I continue to expect the price to move lower at least towards 1.10500 before any upward move, price can either reach...

AnasRathore

EURUSD looking to break the support area 1.11300-1.11400 and the 38.2% retracement of the move started from 1.08400-1.12950. The pair looks Bearish to me and looks like it will continue the downtrend in the coming sessions towards the 61.8% retracement near 1.10000 zone at least. I am bearish and targeting 1.10000. Recommendations: Remain Short with stop loss at...

AnasRathore

As I advised traders in my previous analysis to sell the pair from 1.1180-1.1200 level Those trades will be in profits now. EURUSD is in a clear short-term Bearish Trend and is moving towards the Kumo cloud. We might see the reversal from the cloud but it's too early to say. Right now trend is clearly bearish and the price is making lower lows and lower highs. I...

AnasRathore

The dollar index made a strong pull back last week as I mentioned every time that a bounce is coming from the lower area near 96.50. Now the price is above the 4 hour kumo and is making higher highs and higher lows. Short term trend is clearly bullish and we can see the price moving towards my mentioned target at 98.50-99 at least where the Daily cloud is located....

AnasRathore

USDX moved exactly as I mentioned in my previous analysis. I warned everyone that a bounce is coming and we saw a strong bounce towards 97.50-97.60 now pull back is underway which I expect to end in the area 97.00-97.20. We could see the possible wave 3 from these levels. We have a cloud support at current levels which will stop USDX to drop further. ...

AnasRathore

Recommendations for Intra-day Traders: Sell now from 1.1180-1.1200 with SL above 1.1240, set your target at 1.1100. Medium Time target is at 1.0950 Good Luck..

AnasRathore

As expected we have a strong downward move in EURUSD as I have been warning the bulls for the past couple of weeks. Price is below the trend line and is making lower lows and lower highs. Bears are in control and pushing the price lower towards my first target at 1.10800. The hawkish hike led to the whole move and now the trend is expected to remain Bearish for...

AnasRathore

This is what I expect for USDX and I am still bullish on dollar as long as we stay above 96 level. I expect a bounce towards 98.50 at least before new big low. Breaking below 96 will invalidate the bullish scenario for some time but ultimately we are going to test cloud before new long-term low if it is supposed to come. Recommendations: Buy at current levels with...

AnasRathore

This is what I think of DXY ahead of FOMC meeting. I am looking for the big correction. Recommendations: Buy at 97 with stop at 96.50. Target at 98.50 at least. Good Luck..

AnasRathore

EURUSD posted a low at 1.1165 on Friday as the result of UK Elections and ECB's inflation target not to be met. Since the pair made the low it has been trading upwards and maybe providing a final opportunity to Sell. EURUSD couldn't break much lower on Friday as the investors are waiting for fresh impetus to break lower or higher. And Wednesday would probably that...

AnasRathore

GBPUSD bounced back from the cloud support and 61.8% retracement of the move started on April 10. Currently bulls are under pressure and need to hold the level 1.2600 to resume long-term bullish trend . From current levels I cannot remain Bearish on sterling as the pair reached my target area and I do believe that GBPUSD -1.61% is in long-term recovery since it...

AnasRathore

GBPUSD bounced back from the cloud support and 61.8% retracement of the move started on April 10. Currently bulls are under pressure and need to hold the level 1.2600 to resume long-term bullish trend. From current levels I cannot remain Bearish on sterling as the pair reached my target area and I do believe that GBPUSD is in long-term recovery since it has made a...