As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
As mentioned in our previous analysis, Gold's movement is limited, and it almost did reach the 1290 area. As for now, we are on a wait and see status, whether price would still move up to 1290. A break below 1275 suggests that bears are back.
We adjusted our view with AUDUSD, believing that a bottom has been placed already last 24th of May. Hence, current price may retrace up towards 0.7490 - 0.7570.
Like its partner Gold, Silver too is bullish with target at 16.90 - 17.20.
Oil is moving sideways inside the blue channel . A break below signals bearish trend, especially when red channel is broken around 48.25.
Silver, like Gold is temporarily correcting up towards,16.455-16.539.
Gold's short term movement is believed to be corrective, with limited bullish moves toward 1230-1235. Happy trading everyone!
Cable it seems is still contained inside a bullish channel. Price already retraced past its 61.8% retracement, and could still go on. Invalidation level is set at 1.4769 which when breached, will make us stick to our alternate view.
EURUSD is believed to be on its corrective stage. Temporarily, price is anticipated to go up, around 1.1216 - 1.1240. Overall, trend is still down.
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Silver is still correcting, targeting 15.35 - 15.25 both relevant in its fibonacci retracement levels.
Gold continued to slide down, breaking the channel that holds the correction that started since February. We believe that bears' movement is limited towards 1197-1190 before price rises once again. Happy trading traders!
Type : Market Execution Date : 21.5.2016 Time : 19:20 GMT +1 Technical : Daily Strong Old Resistance Trend line & Daily Pinbar & Retrace back to BRN 110.00 or lower & Hidden Divergence on H1 Pair : USDJPY Timeframe : DAILY Trade setup : SHORT Entry at : 110.212 ( 8 pips left ), ( entry on sunday, after the spread will be normal around 1 pip ), ( if will be a ...
Crude Oil price if went past 47.53, might signal for bearish move. Let's wait and see.
Silver is still contained inside its corrective channel. But we see that downside is just limited towards 16.455 - 16.400. Long term, still bullish on this metal.
AUDUSD movement did not manage to reach the correction anticipated. Instead it continued lower. Still, price may post for awhile around 0.7155 area before correction starts. eeetradinganalysis.wix.com
GBPUSD broke out of the bullish channel, as stated in the previous analysis, reaching 1.45900 area. Bulls has still more to give, as long as price don't slip under 1.44 area.
EURUSD has more way to go down. Target is around 1.0650-1.0630