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Djlakhany

Market Analysis

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EUR/USD was bearish this week, as we saw the pair dropping from 1.1250 levels down to 1.1150 levels. It’s highly likely to stay on similar route ahead as well. So this will be good time to go for further short trades. But it will make sense to go for it after a slight recovery, which is very much possible.

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GBP/USD was down this week, dropping over 300 pips. It is highly likely that we will continue to see the slide, but there is some pickup expected to come during the upcoming week. However, the trend still remains down for days ahead.

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USD/JPY pair after weeks and weeks of bearish trend was finally up and running this week, as we saw the pair going above 110 mark. However, this shouldn’t be taken as the trend for long term at all. It is likely to remain in neutral fashion ahead in the weeks.

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EUR/JPY was flat with some signs of bullish trend working over, but eventually it was all very much flat without any major direction at all. We are likely to witness similar trend running in coming weeks due to no clarity on what’s the possible outcome will be.

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EUR/USD picked up well this week, as we saw the pair moving up towards 1.13. It is highly likely that we will see the pair continue to stay strong. It could be good time to go for long trade here with bulls likely to continue on with the working.

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GBP/USD after a terrible last week got moved up right. As we saw the pair moving up towards 1.27 mark. It is highly likely that we will see similar trending ahead as well. So it for sure is a good opportunity to go for long term trades. It will be enough to benefit us.

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USD/JPY continued thee same pattern as of last week. The pair continues to slide down and is probably going to continue ahead as well. It will be good opportunity to go for shorts but it should only be done if there is noticeable recovery there.

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EUR/JPY continued in same pattern as last week as it goes down towards 121 levels, it is highly likely that we will see it drop further. So it will be good opportunity to go for shorts here but a recovery is almost certain to be there. So that’s where you will be wise to wait up for the opportunity.

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BTC as we are watching is into relatively obvious bearish trend, but with how everything is working on. It is highly likely that we will see it pick up so that could make this into a really good opportunity to go for long term trade here.

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ETH had a major drop with it going as low as 190 levels from 270, but has recovered somewhat. It’s now moving towards bearish zone again, so it could be a good time to go for shorts here but should be only with tight money/risk management.

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LTC got down rapidly after dipping inside 100 levels, it is unlikely to return up so soon. It could be good time to go for short if there is some recovery made. So we should be looking at that to be able to benefit and gains through.

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BCH was amongst the worst performing Crypto in last 24-48 hours as we saw gigantic drop from 350 levels to 250. It is highly likely that we will see similar trending with this option. It could be perfect time to go for buy here for anyone.

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EUR/USD had a very mixed week, as we saw it starting up in very much neutral fashion but things turned very quickly into bearish zone. But before closing out we again saw the pair moving into bullish zone. So with so much uncertainty, it will be sensible to do short term trades only.

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GBP/USD was bearish during the week as we saw it dropped in major way, but things got steady later on. However, the bearish trend is still very much on and going, so it will be good opportunity for one to go for shorts if there is any noticeable recovery taking place, but it looks least likely.

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USD/JPY was completely off this week. Although we saw things staying steady to begin with, but within no time we saw a fairly decent turn-around and we are likely to witness similar change of happening ahead as well. It’s a good time for short trades but risky for long term.

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EURJPY was very much down throughout this week as we saw the pair starting in a somewhat steady way, but it was all too quick for it to turn around the downside. It will be a good time to go for the long term but with very large risk management to be able to gain.
 

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