RyanVarghese

RyanVarghese Updated 

As everyone knows, the liquidity in Sterling has risen exponentially over the past few months due to Brexit and at the same time, Euro is collapsing and Fed has started to pause rate hikes for this year and is data dependent. Logically, if we see, Euro is on the verge of collapse and fundamental of the UK is still strong or rather better than the EU zone. Brexit,...

RyanVarghese Updated 

Weekly Time Frame.. Details on the Chart. This is a swing trade. The pair has already broken its 2016 &17 trend line. So as per the trend line rules, this must retest which apparently co-incides /converges with 61.8 fib.. Only key levels are 61.8 and 78.6. for this pair. Dont make it too complex.. Opinions are appreciated.

RyanVarghese Updated 

Trade Active. Details on the chart Given the technical picture , our entry was 25 pips below the the price which actually bottomed. But we managed to get in at 1.29 and since then running this.. Till now, it seems that structure has been respected. NAFTA deals, in my opinion, will be a blow out on a negative side to the CAD and thus this can go till 1.3450...

RyanVarghese

Trade wars Causing a ruckus in the Asian Markets and capital flows has been seen within the Emerging Market countries. India`s Nifty is sitting at all time highs while Shanghai composite is down almost more than 15% this year from its highs. US Indices are still sitting at all time highs. Hence, a flow chart of rising indices will cause the Chinese market to...

RyanVarghese

Gold price just hit an air pocket in the second week of August during Asian session when it dipped viciously below 1175 till 1160. Supply / Demand Perspective : There were many commercial buyers in Japan, Singapore, Shanghai and Hong Kong who had their buys placed from $1170. Also, Natural Calamity (hit after a century) in the state of Kerala (Worlds largest...

RyanVarghese

This is Bound to happen very soon.. Fundamentally, Europe`s data is getting crunched and taking a beating since start of 2018. Technically, Euro is oversold in short term and the retracement is more based on technical and short term geopolitical and Fundamental jitters caused by the POTUS. The move from 1.1620 to 1.2050 would be very much on the...

RyanVarghese

This based on pure technicals. Now as we can see the price in cable is respecting the channel but based on Fibonacci series.. 61.8 fib - The golden ratio has always worked well.. Considering we may have formed the bottom today almost at the tip of the channel, this has high probability for a reversal till 1.3077.. Only catalyst for that would a be a decent...