On the 4 hour chart, we can see that the price recently broke out of the trendline that was defining the uptrend since the 146.50 level. We can also notice that we had a double top at the resistance level, but the price will need to break below the neckline at 150.36 to confirm it. This recent breakout should point to at least a pullback into the neckline, but...
Intraday bias in GBP/USD stays neutral, as consolidations from 1.2574 continues. Risk will stay on the downside as long as 55 4H EMA (now at 1.6901) holds. Below 1.2574 will resume the fall from 1.2891 to 1.2516 structural support first. Decisive break there will suggest that rise from 1.2032 has completed at 1.2891 already, and turn near term outlook bearish.
The best approach I can see working here today would be to look for a long scalp from a bounce off the support at $1.0831 or a short scalp from a bounce off the resistance at $1.0854 In the unlikely even that the price reaches $1.0921 today, that could be a great entry point for a short swing trade if we start to see a bearish reversal from that level
XAUUSD Taking into account todays developments bond yields will struggle to move much higher in the near term especially if incoming economic data starts cooperating with policymakers This could prevent
The AUD/USD pair bounced off last Friday’s lows and is climbing but faces a key resistance level at 0.6551, the confluence of the 50 and 200-day moving averages (DMA). Further upside is seen once breached. The next supply zone would be the 100-DMA at 0.6588, ahead of 0.6610. On the other hand, sellers' failure at 0.6560 would sponsor a leg-down
As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts. While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the...
AUD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. EUR/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. CAD/JPY Short Minimum entry...
Having said that ceilings are meant to be broken If it happens it would take the USDJPY to the highest Level
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
CAD/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
BTCUSD The decision was significantly more offensive than expected since most analysts expected the bank to change its guidance since inflation has remained at an
So buyers had a shot on the rise after Australia employment data That shot failed against the topside trendline and the subsequent move back between the cluster of movingly averages
EURUSD Therefore the pair may resume the down ward trends sincerely it has formed a break and retest pattern If this happened the next point to watch
yesterday broke above the counter trendline and rallied strongly as the buyers piled in aggressively following the Fed decision and the breakout The price is now a bit overstretched As depicted
CAD/JPY Short Minimum entry requirements: • 1H impulse down below most recent low. • If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
The pair has dropped below the lower side of the ascending channels which connects the lowest swing sincerely It has moved below the Period Arnaud Legoux Moving Average
The GBPUSD has completed its down and up "lap" that saw the pair move from an Asian session high at 1.273052 to a low in the European session at 1.2677 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and then back up to a US session high at 1.2733 The current price is trading at 1.27206 That the new session high, the price did extend above the...