SirWiggir

SirWiggir Updated 

Many analysis came out last year that Gold will shoot up to 2200 since its last pump to 2150 area. But was it hyped for a reason? Or is it really the so-called demand-season? For me, Gold will forever be looking for a way up due to the following reasons: - Gold is always a good investment option: physical gold (i.e. gold bars, rings, luxury items) or traded...

SirWiggir Updated 

USD got weak after the news wherein Continuing Jobless Claim data hits below the consensus. But GOLD seems to hit resistance around 1965. If this price bounce signals a reversal, market needs to wipe out the stop losses set at the breakout point around 1950-1955. However, should GOLD proves its strength, I think 1965 will get broken with huge volume. Otherwise,...

SirWiggir Updated 

Gold is trading within a RISING WEDGE pattern. After its rejection to 1824 yesterday, it might give us a new low if it breaks down below the structure around 1785. It might expose the support around 1766-1745. However, if the bulls take over again, it might bounce up and breaks the upper limit which could potentially went up to 1830-1850. Great setup and...

SirWiggir

EURGBP has been downtrending for a while now. There was a huge volume of SELLING that came in last Dec. 24. This signaled the strength of GBP, which is also evident on other GBP pairs. Now, as the price slows down, we see an engulfing candle yesterday on the Daily TF. This is supported as the pair made a bounce on the fib extension @0.832 area. Before making an...

SirWiggir

EURUSD is moving sideways, but can it break the current consolidation area? Let's check some facts! Fundamentals: - ECB Pres. Christine Lagarde assures that they are committed to price stability - Unemployment has improved - USD suffers as Powell delivered dovish testimony - US PMI and NFP data is worse than expected Technicals: - The pair completed the H&S...

SirWiggir

As GBP demand comes strong, it seems like it could break the current area sooner or later. Fundamentals: - UK implemented "Plan B" last year for their preparation for Omicron breakout and it seems to be really effective. It took them a hit at the time it was implemented as investors feared it will have a huge impact to their economy, but upon recovery, it played...

SirWiggir

As previously posted, GBPCAD reached 1.7080-1.7120 area. (See my previous analysis for GBPCAD for reference) The next question is, where will GBPCAD go next? Both technical and fundamental seems to agree that it will move into higher price. However, due to market fears of Omicron will erupt in UK, the current area (1.7030-1.7080) acts as a very strong...

SirWiggir

GBP has been regaining some strength and CAD has been correcting for a while. I think an upward continuation is still possible, backed up by both Fundamental and Technical Technicals A good reversal has been seen in a Weekly TF False breakout from Dec.8 daily candle, followed by bullish engulfing on Dec.9 daily candle Needs to break the current level...