Technical view: EURUSD breakout strong from the uptrend. A retest of the Trend is upcoming. After the retest we expect a run for the EURUSD pair.
Fundamental view: The brexit hearing on the 15.1 is coming fast, many news and a lot of uncertainty among investors. We expect the shutdown of the brexit program, which will make the GBP rise and EUR fall a bit, but it...
We can clearly see the weakening of the metal GOLD. This might be the area where major buyers are leaving the game due to the high risk of a downfall. We can see a possible rising wedge, thus means a brek downward. We will observe the Major points (4H chart), the best timeframe to look for possible rejections/reversals (1h chart), possible entry chart (1h chart).
We were expecting the GBPUSD pair to weaken more, but due to the indecition of brexit the gbp got stronger. We are at a crucial point on our daily chart. We might see a breakout of the downtrend and witness the bullish cycle for the GBP. It is all up to the decition of brexit. If the United Kingdome stays in the EU the GBP will breakout and get stronger. If they...
We were witnessing a big plunge on the GBP/jpy pair, due to the bad preformance of the stock market, consequently the safe heaven currency JPY gained strenght. Now we saw a pullback from the lows and we might find a few higher spots.
The Eur/usd pair is declining for quiet a while now with the uncertainty due to brexit and the political issues with EU. But Euro is gaining more and more power and we might se a stop of the downtrend and see an uptrend being formed on the WEEKLY charts. As seen on the chart we can see a clear hammer appearing at a possible LOWER HIGH in an upcoming uptrend...
A nice bear blag is forming on the NZDCAD pair,while the NZ dollar is losing its power due to the strong rally it had in the past months. A bear flag is forming and we can se a nice confirmation on the MACD (4H) where the price will be rejected and the trend will continue downwards.
XAUUSD broke the support and is heading to lower levels to retest the trend to move forward.
Short term drop was expected. We had open positions since 1250 levels, where we do our TP at 1237 Levels.
XAUUSD Retrace to 1238 levels. Then moving to the 0,5 fib(1262$)
SAFE Short term buy (1238$), where the xauusd will seeks support, which has to be respected.
