Trade_Point

Trade_Point

Price has broken out of the consolidation. Now, price have shown weakening and smaller bearish candles. We expect it to correct right at the 38.20% Fib level before continuing downwards.

Trade_Point

Price is currently within an ascending channel and has touched the upper trend line resistance for 2 times. Now, price is approaching the upside and might form a double top right at the 78.60% Fib retracement level of the large bearish move last Mar 09-19, 2020. However, if price breaks the 78.60% resistance level, we might see another push to the upper trend line...

Trade_Point

Silver has impulsively moved to the downside last March 20, 2020. Then, price pulled back with a rising wedge pattern at the 78.60% Fib level. Also, the rising wedge pattern has touched the upper trendline for the 3rd time. We expect that the breakout from the rising wedge pattern will continue to be bearish

Trade_Point

This pair has been in a descending channel after it had reversed from a double top pattern. Now, price is hinting a bearish momentum as it shows continuous bear flag formations.

Trade_Point

We have forecasted a continuous bullish move for Gold last week. This is due to the formation of another bull flag and descending triangle. Now, we expect that Gold might continue for the 3rd touch of the ascending channel at 1701 level before we see a bearish move. However, if price breaks the 1701 level, forecast would be invalidated.

Trade_Point

After price had a bullish run from the inversed head and shoulders pattern. We expect a continuous down move as it showed another bear flag pattern.