Market Analysis
Posts: 227
Member since: 05/06/2015
BCH/USD is amongst the slowest movers in past few weeks. However, the overall trend is still very much bullish for it, so it will be good time to go for buying but it must be done if we are fully convinced instead of doing it with uncertainty.
Posts: 227
Member since: 05/06/2015
AUD/CAD is one of my favorites of all time because it maintains a great trend as always. It started a small downtrend recently and wanted to back the previous uptrend but unfortunately it couldn’t. It shows us clearly that it will come back to it’s last support point at 0.9793. If you want to have a short sale then this is an opportunity for you.
Posts: 227
Member since: 05/06/2015
CAD/JPY is maintaining a nice looking uptrend over the period of time. But unfortunately it could not pass the last and strong resistance this time and it breaks the support level also. It is moving to a small price correction but hopefully it will back to it’s uptrend soon. It’s the right time of watch at the right time.
Posts: 227
Member since: 05/06/2015
NZD/JPY is on fire for the long term but in the short term it is going down in a few days. It tried to exceed the resistance 75 but failed and creating a DOJI means it will lose its price this time. But there is a strong support around 74 level, hopefully it will bounce back from that point.
Posts: 227
Member since: 05/06/2015
AUD/NZD has lost its sharp uptrend recently and it is the end of correction. It has strong support at 1.0688. It is the time to buy more if you have fresh capital in your hand. In few days we will see a quick price gain for sure.