Clear downtrend here for this pair over the last 12-18 months. We’ve seen a rejection at 0.60, and a move away from 0.595 in the pairs latest attempt to push up. I am entering a small short here for a longer term hold. Target 400-500bps.
This pair hit 0.618 fib on the Dec downtrend and has failed to break through. I suspect we’ll see things slip back to 1.10 for c.300bps
GOLD price is still inside a Bullish rally where in the last hours the price made a Pullback on the 50%FIBO level where also a clue about the Divergence stochastic in the oversold area made our Idea more solid about a new long setup.
EUR/USD continues to grow inside a strong bullish channel where in the last hours the price makes a pullback on the previous 50% Fibonacci level and seems ready to have a new Push high. We are looking for a Long continuation.
USD/CHF Today the price makes a Re-Test of the Double Top Neckline in confluence with the pullback on the previous 61.8% Fibo Level the price is ready to have a new Push-down in the direction of the primary trend.
GOLD: Following the decisive upsurge witnessed on Friday, the Gold prices started the new week on a bullish note and closed in positive territory on Monday and Tuesday. After staying relatively quiet on Wednesday, XAU/USD regained its traction and climbed above $1,900 for the first time in seven months ahead of the weekend, closing the fourth straight week in...
GBP/USD has booked the second straight week of 2023 in the green, as sellers refuse to give up on the United States Dollar (USD) amid dovish US Federal Reserve (Fed) expectations. Despite the recent hawkish commentary from the Federal Reserve policymakers, endorsing a peak rate in the range of 5%-5.25% to tame inflation, investors failed to pay any heed and...
The USD/CAD pair struggles to capitalize on Friday's bounce from the 1.3320 area or its lowest level since November 25. We can summarize that USD/CAD is in a strong downtrend inside a compression area where the price may follow the primary trend and continue at a bearish rally. We are looking for a Bearish setup.
Wait for confirmation. I picked up 360bps last week with this downward movement. I exited on Friday. We’re now in a significant area of support: 138-137.5. I am watching for a rejection and possible move back towards 140-141 or 142 in extension.
Seeing support here around 156.00. I will be watching as things open on Monday and looking for a move up to 161.00 - wait for confirmation.
trade idea week 3: waiting to see if there is support for this pair around 126.5. If there is we could see a move up towards 132 and beyond. If support fails, we could see an opportunity to short down as far as 115.00 (March 2022). I will be watching closely for an entry.
USD/CHF: The Dollar today try to recover value after a strong European starting year where we saw all the European currencies grow. The price makes a Pullback on the 50% Fibo level and we may assist a new Growing for the USD. The stochastic shows also a DIvergence. We are LONG
EUR/USD: The price after a strong impulse yesterday, today we may look at a retracement, the Stochastic shows divergence and our Bias is about a pullback that may reach the 1.07100 area to look after a new bullish impulse following the main trend.
GOLD: The price after a strong impulse yesterday, today we may look at a retracement on the previous support area before a new Long setup. The view in long term is Bullish but a Pullback before a new impulse is physiological for the market.
Gold bulls take a breather this Friday, as the US Dollar is attempting a minor recovery in tandem with the US Treasury bond yields. The Strong Uptrend can be just in a pause with a retracement today and the next Monday with a pullback around the area 1885 previous resistance zone of the accumulation area broken yesterday After the release of the US CPI Core. Our...
EUR/USD retreated to the 1.0850 area early Friday after having touched its highest level since April at 1.0868 late Thursday. The near-term technical outlook suggests that the pair could stage a technical correction before the next leg higher but losses are likely to remain limited. The retracement could reach the level of 38.2% Fibo from the last swing low,...
GBP/USD continue its strong rally and yesterday the price after the Core CPI , break the dynamic trendline of the channel and re-test this one with a new Bullish impulse. Today the GDP m/m , the change in the total value of all goods and services produced by the economy It's the broadest measure of economic activity and the primary gauge of the economy's health...
After Two Bullish Runs On SPX and other markets affected by this weeks news has only cause much of a ripple. I believe that we are going to be seeing a big market pull back because of the other impending news weeks and months from now. Good luck!