Market Analysis
USD/JPY is flat so far in the week, as we have seen the pair stay pretty much in same range as it started. However, there are enough signals to point towards bullish movement building up. So, it could be good time to go for long trade.
EUR/JPY much like other JPY pairs was flat so far in last few days. We are unlikely to see any MAJOR movements coming up, so it’s better opportunity to go for long trade here. It could be highly beneficial with the momentum shifting.
EUR/USD pair this week so far is relatively straightforward with bullish trend, and likely to finish that way only. But there is obvious chance that we will see some pullback, which is to do with the major gain that we have seen since it reaching low at 1.1150 levels.
GBP/USD pair this week so far is running into mixed trend, as we say the pair took off initially, but then got into sideway movements, but now during the last 24 hours or so, we have seen the slide happening. It’s likely to stay above 1.30 level, and till then it’s not sensible to go for shorts.
USD/JPY pair stayed mixed so far during the week, as we see no major development at all. We are likely to witness this scenario continue ahead in coming days. It will be wise to go for scalping if you are at all interested with trading on this pair, so look out.
EUR/JPY pair was throughout bullish from the get-go this week and it’s highly likely that we will witness the scenario continue with no major development coming in. So, it will be a good chance for long term shot here, but ofcourse set yourself with right money management.
NZD/USD was bearish this week and it is likely to continue on same range. However, we could try to catch up some pips due to the recovery that’s all very much likely to be seen in the opening day of the upcoming week. It could be a good time to enter the market for long but should be close out quickly as well.
Ethereum was somewhat down this week but overall the trend still remains fairly healthy. We are likely to see good push ahead if things stay in same direction. It looks to be a good opportunity to go for long here but only with tight risk management attached to it.
Litecoin was steady this week before turning out in noticeable way today. We saw it dip under $80, and remains around that mark. We do expect it to continue on same trajectory in coming days but in long run it looks to be going in bullish zone.
Bitcoin Cash was amongst the biggest gainer in last few weeks, but is back to struggling somewhat under $300 mark. But we are likely to see it go up again with a lot of positive news running around, it could be a good time to enter for long term trade here.