Category: Fundamental Analysis

Last week the GBP manage to break though the support zone but it did recover quickly with week USD at the latter stage of the day.   ගිය සතියේදී පවුම support zone එකත් කඩාගෙන පහලට ගියත් එය සතිය අවසානයේ දුර්වල ඩොලරය නිසා නැවත support zone එක අබියසටම පැමිණීමට හැකි වුනා GBP / USD Chart මේ […]

Last week,  as expected the price moved down suggesting the continuation of  the overall strong down trend after the possible correction. The price fell to around 1.2465 but made a slight recovery upto around 1.2481 before closing the market last week බලාපොරුත්තු වූ ලෙසම ඩොලරය දුර්වල වෙමින් තිවුනා කියන්න පුලුවන්. ඩොලරය සම්භන්ධ දුර්වල පුවත් මෙයට […]

During last week as expected the bullish flag chart pattern in daily chart and symmetrical triangle in 4h chart were broken and price moved up to 1.1941. Then slightly pulled back towards 1.1922.  The main reason for the strong upward movement was a result of the bearish speech from Yellens ( Fed reserve ) and […]

Last week,  during intial few days USD did manage to recover to around 1.2774 but was not able to make any further higher highs. It kept on dropping till 1.2555. Then slightly recovered back to 1.2580 region where a support zone exists ( It is good example of a breakout retest before making the strong […]

Last week the GBP did not made any recovery as CPI data was weaker than expected though index sales & retail sales was good. Also ongoing Brexit process may be also making a major impact on GBP.  It fell sharply towards 1.2831 but recovered slightly towards around 1.2863 which is a strong support area, if you […]

During last week it did tried to complete an almost a double top pattern by reaching 1.1661 ( now this pattern seems to be not valid anymore but tripple bottom patter in monthly chart seems to be still valid ) but was not able to retain any of the gains it made as price pushed […]

Last week, the GBP dropped to around 1.2950 mainly due to strong news released initially from America together with the slight weakness in GBP but it did manage to recover 1.3030 at the end of the weak. ගිය සතිය තුලදී පවුම 1.2950 කඩාගෙන වැටීමකට ලක්වුණා සතිය මුලදී ඇමෙරිකානු පුවත් ධනාත්මක අගයක් ගත් නිසා. නුමුත් ඇමෙරිකානු […]

Last week,  the CAD was weak during initial period of the month mainly due to falling oil prices and strong economic data from USA. But  on friday the CPI data  from USA  was weaker than expected which resulted in CAD making a slight recovery in pricing.  ගිය සතිය මුලදී ඇමෙරිකානු ඩොලරය සමත් වුණා ඊට ප්‍රථම සතිය […]

Last week EUR/USD was almost on a range market. Mainly fuled by the unexpected political tension between America & North Korea together with strong and week news  releases from USA. At the initial stage many thought the market made the reversal at last as it broke thorugh 1.1710 several times but was not able to […]

Last week, on the initial few days the GBP manage to break through the ascending triangle upto around 1.3250 but was not able to go any further with overall strong USD related data and not very strong GBP data. ගිය සතිය තුල බ්‍රිතාන්‍ය පවුම 1.3250 දක්වා ඉහලට යෑමට සමත් වුවත් ඇමරිකානු ඩොලරය සම්බන්ධ ධනාත්මක පුවත් […]

Last week,  the CAD was  unable to make any decent gains mainly due to strong data released by USA including fluctuating crude oil prices. Therefore US Dollar made some strong recovery and manage to keep on pushing up till around 1.2668 but was pushed down by about 20pips at the end of the week. ගිය […]

During last week’s first few days, the market was almost on a consolidation but with poor ADP Nonfarm Employment value from USA. The Euro become further stronger and reached almost 1.1900 but it was unable to retain it due to strong NFP Nonfarm Payrolls values from US along with several other reports from USA.  The Euro […]

Last week, Within the first few days Euro manage to rise further more as expected due to non hawikish FOMC reports but found strong resistance zone around 1.1733 and was pushed down below 1.1672 with unexpected strong news from USA. At the latter stage of the week, the Euro recovered strongly reaching 1.1746 higher than […]

Last week, the British pound mange to reach a higher price but with some of the unexpected positive  dollar related news, the price did come down sharply. Then the British pound manage to bounce back due to weaker dollar related news during latter stage of the week.  ගිය සතිය තුල බ්‍රිතාන්‍ය පවුම ඉහලට යෑමට සමත් […]

Last week, the American Dollar tried to make a move for a possible uptrend with unexpectedly strong Goods Trade Balance (Jun) , it failed to retain the gains due to the stronger GDP results of already stronger Canadian Dollar. The outcome is the CAD has managed to retain the downtrend. ගිය සතියේ USD මුදල් ඒකකය වැඩිවීමකට […]