USDJPY fell last week after rejection from a 3-month falling trendline but found support just above 105. The yen has gained across all major peers amid growing uncertainties due to the pandemic and political turmoil in the US and Eurozone such as the US election and the Brexit talk. However, the dollar rose too on safe-haven demand which therefore causing USDJPY...
Price has broken out of this falling wedge formation on the daily timeframe (bullish pattern) now on the 4H we can see a retracement into a very interesting area, (50EMA, 38.2 fib level and structure zone) if we can get this nice bullish candlestick i will go long.
Risk off thru most of October, as long as we don't get back above the multi-month trendline, we should break down thru Ichimoku Cloud and hit oversold RSI of 30 over next 5 trading days. SL -- 0.6635 TP1 -- 0.6420 TP2 -- 0.6250
Going long silver with SLV as it looks to re-test $25 soon. Not trading advice, do your own diligence. Happy hunting.
Looks like Inverted H&S is in play
Summary: With risk sentiment slipping into a more profound funk to start the week, the yen continues to bash its was stronger against every other currency, but the USD has changed course and is finally waking up to its role as a fellow safe haven when global risk assets are on the defensive. One key driver besides the COVID-19 resurgence is the sudden further...
Change of stance on gold. waiting for a breakout on the downside to sell Share your thoughts in the comment section below Like and Follow for more content Previous chart in related links Good Luck!!!
Looks like the last dip and we start moving higher, but I can also see us touching 0.0018 USDT as well, what's your thoughts?
Hello everyone, here is the top-down analysis for GOLD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
GBPJPY H4 - Break and retest here on GBPJPY. Possible zone trade on our hands from resistance down to 139.860 support. Awkward timing with it being Friday and NFP just around the corner in a couple of hours. YEN is usually quite a big mover off the back of the 1:30pm event. Additionally, H4 candles still very active
Gold caught a huge bid, finally obeying intermarket correlations with other safe havens. It spiked up to 1965, which is the upper bound of the range we have been discussing for weeks now. Those of you following these reports should have been well prepared. It is currently finding support at the psychological level and congestion zone of 1950. The Kovach OBV...
Key points: - Trading above 200 EMA - Accumulation zone coincides with three month trend line - Key level 115.500 broken in July and holds during August - Future support - 2018 provided two key highs forming a double top seen in yellow These levels on occasion provide a magnetic pull into the zone where stops may be present when accompanied by other technical...
Worked towards this moment for two years. 2018 was timid because of stronger USD bulls. This has caused this year to accumulate strength of other world economies and topped with greater volatility, not because of COVID imho. Although it did add some spice to the soup of spaghetti on this chart and ignited early acceleration of USD devaluation this year, leaving...
Descending Channel has been clearly formed and price is now at the top of the channel. We have a confluence of other resistances around the 0.6550 - 0.6556 area. Pivot Point Resistance and the 61.8% Fibonacci Resistance level is also in this area. Expecting price to drop to the support area before it bounce back. Its a Bear market. AUD is also in a Bull mood...