Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system. The news becomes even more important and negatively impacts risk appetite as the US Treasury has...
LOB entry on EURUSD 15 Mins for a Short position. R:R 2
LOB entry on EURCAD 15 Mins for a Short position. R:R 2
Potential sell on rejection from trend line. Potential triange pattern . . pullback is expected . . . and may be a sell opportunity from th daily trendline resistance.
USD/JPY hovers around 134.780 early Friday as it struggles to defend the previous day's bounce from a one-week low. The recent escalation of market concerns around the expiration of the US debt ceiling and the collapse of the bank, seems to allow the US Dollar to prepare for its first weekly gain in three weeks while pushing US Treasury yields fell for the third...
Small timeframe market projections and profit taking guidelines
Currently Euro/usd price is below 20, 50 & 100 Exponential Moving Average which indicates the chances for short in 4 hours time frame, further today news for Core PPI and Fomc may direct the market for a long term momentum in short. The US Dollar (USD) is the world’s dominant currency and the Euro (EUR) is the second most-traded. As a result, business in EUR/USD...
EUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum...
Bear continuation pattern. Price heading to the main support at $118 level.
Dear friends and companions: In the 4-hour time frame,The bottom of the ascending channel has been broken and after the pullback to the bottom of the channel, it will continue the specified downward trend. The divergence between the RSI and the price chart is evident.If you like my analysis, please like and follow me.
NZDJPY has put a double top on H4. There is divergence on this pair. Now we can see a small M15 pattern to sell against the high of 85.85. Stop loss is about 40 pips with a big reward downwards.
SPX is pushing near a demand area & I see it pushing pass. Wait to clear last low and we ENTER