Uptrend forming on the 4H chart. What do you think??
- Further rally could be seen to cluster resistance at 1.2555. This will remain the favored case as long as 1.1602 support holds. On the downside, break of 1.2129 support is needed to indicate short term pullback otherwise, outlook will remain bullish. - Currently we might see some pullback to 1.21400 before any upside continuation.
I EXPECT THE RETRACEMENT AT THAT PRICE, BUT THE MARKET CAN CONTINUE PUSHING UP FOR MANIPULATION OF THE BANKS, AND AROUND MY TP COULD BE ALSO A GOOD ZONE FOR LONGS BASED ON MY ANALYSIS ON THE HIGHER TIME FRAME
- GBPUSD rebounded strongly last week but failed to break 1.2647 resistance. Initial bias remains neutral this week or we might go back to 1.25900 area to retest the previous structure. Further rise is in favor as long as 1.2247 support holds. - A break of 1.2647 will resume the rise from 1.1409 to 1.3200 resistance. - On the downside, break of 1.2247 support...
- NZDJPY has formed a bearish lower low, lower close candle on the daily timeframe. - If the risk-off sentiment flows into the market, we expect risk currencies such as the NZD to weaken and safe havens such as JPY to gain value. Possible bearish price movement towards the next support 63.40 within the next period.
There is NO analysis what so ever... These are stocks which i feel NOT YOU but your sons & daughters or even Grandkids must sell...
- NZDUSD remain strong. The recovery of the NZD against the USD this week suggests the kiwi could be in for a move higher against other weaker counterparts. This chart will likely continue to remain range-bound until one currency becomes weaker. Regards, GoldfXcc Team
There is a common problem people have, they see a set-up because it "sort-of" fits their strategy and take the trade. This is because people encounter FOMO (Fear of missing out). The markets will continue to play out long after any of us are still alive. There are endless opportunities, so why take any old trade? Always choose the best QUALITY trades over LOTS of...
- The trade talks seems to take a slight downturn and with the recent news from the G20 meeting in Japan, talks between the US and China may continue to down. This doesn’t help the Australian Dollar and we could see the weakness continue. - The prices decline further for AUDUSD with the next support resting at 0.6700. Regards, GoldfXcc Team
- GBPUSD price continues to range between the key highs at 1.3000 and the key lows at 1.27600. - The price has previously found support at the recent lows. A close below the lows is needed before continuing to look for GBP weakness. A break and close below these lows will likely lead to the price moving lower towards the weekly 1.2580 breakout highs. Regards,...
- Currently BTC moving in little range of triangle pattern. - This movement is still in progress with potential high side breakout. - On upside we could reach very soon 9800.00 high close level - first resistance. Regards, GoldfXcc Team
- GBPUSD rebound from 1.1958 extended last week and broke 38.2% fib retracement of 1.3381 to 1.1958 and NOW at 1.2502. UPSIDE SCEANRIO: Initial bias for this week remains for upside. Sustained break of 1.2502 will target 61.8% retracement level at 1.2837. DOWNSIDE SCENARIO: On the downside, break of 1.2283 minor support will suggest that the rebound is...
- USDCAD formed a bearish engulfing candle at the key 1.3300 level. - The price action suggesting further fall from here - market looks likely to continue down into the lows of 1.3030 - The strength and weakness table report adds confluence to this move with the Canadian Dollar gaining significant strength recently. - Potential target to reach: 1. 1.31223 2....
- This pair recently broke out of the wedge pattern from the key lows. - Currently highlighting the risk-on sentiment in the market. - Price formed a bullish breakout candle and we could see price continue towards weekly trendline resistance 0.70415 Regards, GoldfXcc Team
- USD Index rejected the $99.00 highs and closed back into the weekly channel - LEVEL STRATEGY - Seasonal/Current patterns suggest this could be the top for the USD and if price breaks the current candle lows then selling momentum should continue. - This week forecast for DXY is down to 97.70 - if price breaks the current candle lows then selling momentum to...