Currently, my sentiment is bearish, but I'm still looking for a good entry. Maybe I will enter at the red resistance, or perhaps I will trade the breakout. Here's the range, a pretty nice zone for a day trading. If it can break the red support, I reckon Aussie will fall to retest the bottom TL. Catalyst: - NAB Business Confidence - US PPI - US Unemployment -...
I reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US...
I reckon, if it can stay below the resistance/trendline, USD will fall deeper into the next potential target. Catalyst: - Trump's tariffs on Canada will backfire by hurting the U.S. economy more. - Canada added 419,000 jobs in July as economy reopened - CAD Jobless rate of 12.3% - Potential Descending triangle on the daily time-frame, it was a breakout and...
Lockheed Martin said it will compete to build the Missile Defense Agency’s Next-Generation Interceptor designed to protect the homeland against intercontinental ballistic missile threats from North Korea and Iran.
Raytheon Announces Deal To Make Israel's Iron Dome Defense System In the US. This analysis fails if it can break out and close below the red support line.
I reckon, if it rejects the upper daily trendline and resistance, it will fall back down to the major support—pretty good risk-reward ratio. Catalyst: - BOE Monetary Policy Report - MPC Official Bank Rate Votes - Monetary Policy Summary - Official Bank Rate - Asset Purchase Facility - NFP
Quite sketchy, but I reckon there's a possibility of forming a bullish pennant. This analysis fails if it can break out and close above the 1981 zones. Catalyst USD: - Goods Trade Balance -70.6B - Prelim Wholesale Inventories m/m -2.0% - Pending Home Sales m/m 16.6% - Crude Oil Inventories -10.6M - Federal Funds Rate <0.25% I sent these charts below to...
The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States. - Source: White House
Feel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates. It reaches the target 1, and my analysis remains the same. The next catalyst is US Flash Manufacturing PMI data.
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure. This analysis fails if it can break out and close above the 100% Fib extension. PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Feel free to check the previous analysis by clicking the arrow/dot inside the red circles. Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates. I reckon it has the potential to fall at least to the "potential target 1" in the next few days. Catalyst: - CAD...
If it can stay below the upper triangle line, I reckon XAU will keep falling to the potential target one and two in the next few days. This analysis based on the technical analysis only, and this analysis fails if it can break out and close above the upper triangle line.
As long as it stays below the minor trendline, my analysis remains the same. If it can breakout above the minor trendline, XAU will be going back up to retest 1816-1818 zones. We all waiting for the catalyst: - CPI - Treasury Currency Report - Sales data - Prelim UoM consumer sentiment - G20 Here's the link to see the previous analysis. It was a pretty good trades.
So far, it failed to break out the 1.372 zones. It retested that June 1, 2020, anchor candle zone three times and got rejected. If it can break out and close below the major support 1.348, I believe it will keep falling to the potential targets in the next few days. Catalyst: - CAD Jobs data - BOC Monetary Policy Report - BOC Rate Statement - CAD Interest rate -...
It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis. Catalyst: This week - US Jobless claims - US PPI Next week - CPI - Treasury Currency Report - Sales data - G20 PS: Please don't trade this analysis blindly, do your research before you...
Currently, The target remains the same. This week, we are just waiting for the US Jobless claims and PPI data. Catalyst: US Jobless claims, US PPI, GBP GDP, CPI, BOE, and Sales data
PS: This analysis fails if it can break out and close above 1800 1795.90 was the 2012's pivot, one of the most vigorous resistance in history. This zone could be a great sell zone with a tight SL.
In the previous analysis, It was an excellent trade and reached the target zone (Please click the arrow on the chart to see the analysis). Yesterday in the US session, we tried to BUY at 1775 but got stopped out at 1774 when US PMI data released. Then the chart showed a nice rejection candle after FOMC at 1759. My clients bought at 1762-65, and it reached some...