EURUSD fell first as expected but was failed to discover any strong support for a strong rebound. As a result, a fake break at the top of the 18-month falling channel was confirmed and EURUSD fell last week. An ascending triangle was formed in the process and price is just about 40 pips away from the bottom of the pattern. Since it's Christmas week, volatility is...
A trend is currently due for the gold. Gold has been consolidating for more than 3 months now and it's clearly coming to an end. The price did attempt to break out of the consolidation into a trend last week but got rejected again at 1483. However, the lows are going higher and shall remain bullish as long as the price doesn't break below the 4-month demand zone...
EURUSD peaked the bottom of its 18-month falling channel with signs of a breakout for the first time. While it was a good for the dollar that the Fed decided to hold off further rate cut, it wasn't good actually because the market has changed from a 'no cut' to a 'no hike'. Therefore, the dollar plunged further and the DXY has broken below its rising channel. This...
Weekly market breakdown covering EURJPY, EURNZD, NZDJPY, NZDUSD, USDCAD, USDJPY, Gold (XAUUSD),
Weekly market breakdown of EURUSD, EURJPY, EURNZD, USDJPY, Gold (XAUD/USD), EURGBP and GBPAUD.
Gold is finally coming to the end of a 3-month consolidation similar to the consolidation which started in mid-Feb 2019. While the price dipped about 200 pips last Friday due to a strong US employment data, it found support at 1459 and hold out till the market closed. Although the bull strength was disappointing, there's always a chance for gold to rise again as...
EURUSD completed the 2nd pullback slightly higher than the range top. NFP data was released, showing an actual of 266k as compared to 181k, and the unemployment rate fell to 3.5% from 3.6%. This gave the Fed a very valid reason to pause any further rate cut which will be good for the dollar. As such, the price has started the 2nd bearish trend during NFP last...
EURUSD extended fall in the first 3 days last week and found support at the previous low of 1.0990. The price made a final attempt to break new low but it turned out to be a spike which led to a strong rebound. EURUSD has turned into a bullish structure at range bottom overnight. This week, intraday traders can wait to buy the pullback between 1.1013 and...
Hey tradimaniacs, welcome to the weekly preparation of NZD/USD. Check all the charts to see details. ;-) ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Is a new major bullish trend about to begin? This week or next week? Or maybe things price may go south instead? The gold turned out as forecast as it climbed first but fell from rejection at a minor supply zone. Gold is entering the final week of completing a 3-month consolidation just the same way as the consolidation in Feb-May period before a new major bullish...
Another forecast came true as EURUSD fell from a supply zone at the neckline of a double top formation. With the major trend intact, the price may begin with the 2nd bearish wave this week. However, the price might still find support from 1.1000 and rebound off to a higher price. And should the price gets supported and climbs, look for another opportunity to sell...
Hey tradimaniacs, welcome to the weekly preparation for EUR/JPY. AS you can see in the bigger timeframe we currently tend to follow the primary trend. Check all the charts to see details. ;-) ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow...
Gold turned out the way as per last weekly forecast. Price fell a little further and rebounded off from a 3-month demand zone at 1447. Bull turned soft in the last trading day thus limiting a leaving a good amount of space between the current price and the supply zone at 1490. In this week, traders can seek for buying opportunity from 1462 to near-previous low at 1453.
EURUSD fell a little further as per last week forecast. The price found support just at the top of the demand zone at 1.1000 and started to rebound off. Just like DXY, EURUSD has also entered the phrase of retracement. Wait for the price to complete its retracement at the supply zone, starting from the neckline of the double top 1.1073 onwards.
As Fed put a halt towards further rate cut, the dollar has rebounded off from a 3-month low and recovered 50 per cent of the previous bearish wave. Last week, the dollar went into consolidation and turned towards a retracement. Therefore, there will probably be more bearish movement during this phrase of retracement until the price reaches the demand zone starting...
Midterm forecast: While the price is above the support 1.0660, resumption of uptrend is expected. We make sure when the resistance at 1.0850 breaks. If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0660 is broken. Technical analysis: A trough is formed in...
Midterm forecast: While the price is above the support 1.0660, resumption of uptrend is expected. We make sure when the resistance at 1.0850 breaks. If the support at 1.0660 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.0660 is broken. Technical analysis: A trough is formed in...
Midterm forecast: While the price is above the support 0.9105, beginning of uptrend is expected. We make sure when the resistance at 0.9520 breaks. If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s)...