GOLD longs look primed and ready, waiting for 1 more touch of the 78.6% fib to take this all the way up to the -61.8%, which also meets the last higher high at 1610.
Looking for a 500 pip gain RR 6/1.
Make sure to use a smaller lot size as gold can be ultra volatile and can wick fish your stop loss, also remember to take partial profits at the 0%, -20% and...
If I am correct UUUU seems to be running an upward trend with potential to rally similar to how it did on the 1/24/19. Tight stop at 2.74(below first moves 6.18). Targeting $3.20 and anything after that I will play as I see.
For this idea the main points are the same as those for my last couple of ideas, except that nzd has released less of its potential than aud and cad against the usd.
And I think that the commodities still have some room to continue their pullback.
In short I think that usd will further pull back.
[i]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete.
So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do the...
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...
I think that it is likely that USD/JPY will trade in a range because there is a strong resistance at 105.54 with fib 50% level confluence and because USD/JPY's price chart has made similar paths up twice and i think it is likely that it will do it the third time, history tends to approximately repeat itself. My bias of USD/JPY is short for about a week or till it...
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea).
Bases :Bias, Channel, Stochastic RSI
IF price reaches 0.86962
THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151
IF This Stochastic RSI crosses the 80 oversold zone it will be a...
Uptrend was stopped by a head and shoulders pattern and a down trend started creating new resistance lines and bouncing off older ones. It now faces a trend resistance line actually two of them and previous resistance level will try to not let price higher. In this trend there was a falling wedge witch broke out to the down side and now the trend has made a...
EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up.
There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677.
I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price...
Bases: Fib. confluence with structure, Stoch RSI, Robust Trendline, momentum building, Stoch RSI14,14 2.92 on weekly chart.
There was a channel, which was broken and stopped by a strong leg, but the trend is continuing, and after analyzing this chart, I think that it will form another channel. At the Level 1.06374 there is a lot of structure which is likely to...