DragonCaptain

DragonCaptain

A trade setup is expected to give a short trade opportunity as Aussie and major currencies are under pressure again USD. Follow the setup in the analysis.

DragonCaptain

GOLD slipped the way forward as yield is rising after corrective measures by the new administration, economic recovery signs and Oil prices boost up. The next target is set at 1755.

DragonCaptain

Strengthening USD against major currencies in wake of the new setup under Braiden is turning the table around. XAUUSD has tumbled almost 200 points and isn't showing any strength for an upward movement.

DragonCaptain

GBPUSD is at the verge of breaking from the top level on the wedge channel. A fall from here will give us a 1.3500 level.

DragonCaptain

GBP/USD continues to struggle for further traction as the pair rallies into the mid-1.3700s; since mid-January, the currency pair has been unable to mount a significant break above the 1.3750 level, largely because of a broadly resilient US dollar. So it can revisit the 1.3500 level again.

DragonCaptain

USDCAD breaks the 1.2700 resistance line of channel, as bulls rides on USD for a month. USDCAD has touched 1.2860 mark and formed a support at 1.2760 level. A entry here could give us a potential target to 1.2930 level, the next resistance.

DragonCaptain

Strengthening USD against major currencies in wake of new setup under Braiden is turning the table around. XAUUSD has tumbled almost 200 points and isn't showing any strength for upward move.

DragonCaptain

The Trade scenario for Gbpusd remains positive for bulls are we hold the support area, A 5 point stop loss is the perfect entry form here to move on. Although USD is more attractive to traders as the stimulus package is nearing to roll out.

DragonCaptain

Bearish Scenario A sustained move under $1869.10 will indicate the presence of sellers. This could lead to a test of the Fibonacci level at $1846.00. If this price fails then look for a test of the main bottom at $1832.40. The main trend will change to down if this level is taken out. Bullish Scenario A sustained move over $1869.10 will signal the presence of...

DragonCaptain

GOLD has broken below the short-term bullish trend line in the shorter time frame, on a longer view, it remains bullish as of now. Entry between 1835-1840 can give us a 1900 target.

DragonCaptain

USDCHF breakout gives a boost for bulls to target 0.9000 level. I have marked the entry points for buyers just above the support point.

DragonCaptain

GOLD moved sharply after the session opened after the weekend but remained range-bound to break above the 1870 resistance leading to the 1900 level.

DragonCaptain

Price action has broken below the support, a sell rally will take the Aussie dollar to 0.7500 level to the downside.

DragonCaptain

Gold is trading in a tight range between 1820 to 1880 levels. Now the critical resistance at the 1870 level needs to be a break above in order to target another one thousand pips to 1960 level.

DragonCaptain

Technically, the gradual decline in aging remains under influence. Monday's closing was the strongest since December 10 at 104.18 and the high of 104.39 nearly hit the channel's upper boundary. The highest on Tuesday was 104.33, as would have been unable to break the boundary on Monday, and the bottom at 103.74 represented the refusal. There is no technical case...

DragonCaptain

GOLD has shown quite a mojo during last week after a flash fall earlier week and maintains the support near 1930. Sideways move can surge towards 1900 resistance zone which is a critical point for bulls.

DragonCaptain

Since mid-September, GBP has not looked back. All the way started from 1.2600, it will almost reach an all-time high at 1.3800 and is expected to move up. At potential entry from here will give us a potential buy opportunity with a 4:1 risk to reward ratio.

DragonCaptain

Technically, the gradual decline in aging remains under influence. Monday's closing was the strongest since December 10 at 104.18 and the high of 104.39 nearly hit the channel's upper boundary. The highest on Tuesday was 104.33, as would have been unable to break the boundary on Monday, and the bottom at 103.74 represented the refusal. There is no technical case...