Ntoks_

Ntoks_

Let's see if we can get a retest of the trendline. Take the buy opportunity if the new support is respected.

Ntoks_

We have recently seen a bullish rally. This has been fuelled by a number of factors. One being the GDP contracting for the first quarter of the year. This was expected considering the current lockdowns as a result of the pandemic. On the technical side, we have reached resistance at 1.1040 where we have opened a sell position. Expecting the pair to go down as...

Ntoks_

The pair could break out, I don’t expect this. Expect the demand of the USD to increase. Let’s wait and see

Ntoks_

The paid r bounced off resistance of 1.0975 The RSI is also indicating oversold conditions Expect price to drop to the next level of support

Ntoks_

Bounced of resistance of 108.020 Expect a drop to the next level of support

Ntoks_

The pair broke through strong resistance. Pair is going to test the 0.65 region before retracing to the next resistance level.

Ntoks_

Take profit at 1.2950

Ntoks_

It appears that the pair has bounced off the resistance at 1.28340 Let us see whether it can retest the resistance stated in the chart.

Ntoks_

Having seen good ISM non-manufacturing PMI's. The is has pushed past the 109.00 psychological resistance level. It has stopped at the psychological resistance level. This is where we expect the correction to begin. We have been range-bound for most of today because of weak market data released this morning. I do expect though for drop down to the support noted on...

Ntoks_

I expect the Gold price to drop to the 0.236 Fibo. If price breaks through this point, a drop to 0.382 Fib which has offered support at around 1400. A bounce to 1460 is expected taking into account the Feb rates cut next week.