Tradepipsforex

Tradepipsforex

Able to stand above 1.086, closed as 1.093, after penetrate 1.096, bulls are aiming to 1.11

Tradepipsforex

Main support at 0.62, AudUsd back to its track forming a dropping wedge.

Tradepipsforex

Gold is facing resistance at 1720, main support at 1650. Will see if the ascending triangle is broke, if it breaks well, further bull target to 1800. For the sellers view, the resistance at 1700-1720 is firm enough to bounce off the gold price downwards to the support at 1650.

Tradepipsforex

If you wanna trade this pairing, I would advise you to wait for a clear breakout. Breakout points are shown in the chart. Good luck

Tradepipsforex

It tried hard before to roll back to the weekly huge descending channel. However the price tried for days, and finally it made decision to roll back downwards. Plenty trading opportunities on this pairing.

Tradepipsforex

As I always said, 1.086 is an important key level that very likely to attract market. Always sell from high as it is likely to form a descending triangle.

Tradepipsforex

Failed to pass through 0.62 and make it a solid resistance, AU is looking back to support at 0.58.

Tradepipsforex

Last week was a significant week for gold. We can see it went down to test 1570 level and ended up with a false break (bear trap) because it went all the way up breaking 1600 level and then closed as a hammer pin bar (weekly candlestick) above 1620 level. This new week would be essential to determine the bull strength of gold, will it challenge the 1700 again?...

Tradepipsforex

Might rebounce at this point to the nearest resistance, UsdChf has reached very strong support, conservative sellers should not short here.

Tradepipsforex

Observe from weekly chart, platinum has recovered back to the descending channel, it’s likely retest the channel support for a leap to touch the resistance at around 800

Tradepipsforex

AudUsd stands above 0.6 nicely, price action drove it through firmly and forms a V shape rebounce after sharp fall. Will see further grow to 0.65 as bull target.

Tradepipsforex

It broke 109 level (ascending channel support) after bounce off from the weekly resistance, very likely continue to fall to 105 level

Tradepipsforex

I am expecting EU will clear its bulls at this level and might reverse from here.

Tradepipsforex

Obviously GU finally bounce off from declining channel support line up to 1000pips. Despite several devastating news announced by UK, Gbp regains investors and manage to bull all the way up. We will see GU reaches 1.25 first and decides will it stay above or fall from there. Observe the price action.

Tradepipsforex

Bitcoin has just jumped from weekly strong support and very likely bounce up to meet the resistance, however if it rejects from resistance won’t fall too far, now is likely good time to buy bitcoin for long term target 40000 (if the huge bullish pennant breaks).

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As seen in chart, we need a price closed below that arrow to confirm bearish reversal. Bullish power is cleared significantly at lower time frame since head and shoulders appeared at 1.46 area. If price reversal is confirmed at daily chart, we will see it’s looking for nearest support at 1.38

Tradepipsforex

Silver has dropped to weekly support trend line. And a bounce/ reversal can be observed at lower time frame. A pullback or correction to level 14.2 is need to complete its wave movement. Might be best time to long silver.

Tradepipsforex

A bounce to 30 level is considered as healthy pullback. Plus a pullback to 38 should be seen within months after huge decline of oil price. However it depends on covid-19 impacts, pandemic outbreak has paralysed so many industries, but from what I can see, now is the best time to invest in oil. Although the bear trend is so significant but it’s still lower risk to...