OmiseGo / USDT We have the good regularity of the lines of ups and downs trends, at first it looked bigger. This time this pattern won't last long (I see it so). We have several Fibonacci levels, active, interesting zones too. TR - 9$
Last week USD/JPY continued its uptrend with some strong momentum. Price has made its way all the way up to major resistance zones. After some slight rejections we could see a retest and then some consolidation between a support zone. It doesn't seem likely for a breakout just yet as we have been trending strongly and need some time for accumulation of orders...
Last week we saw Gold continue its move lower, FOMC held rates the same but had a very hawkish tone in their statements calling for more future rate hikes. This pushed gold back under the 1300 level. This week its possible to see some further downside into an area where price can find some support, around the 1280 zone. The current price momentum should take us a...
Gold has been very bullish over the past few weeks making new highs in 2017, however this past week we have seen some (not all) of this bullish momentum slow down as we bounced off a major resistance past 1350 late last week. Since this happened, this weeks price action has actually been bearish and right now we can see that we are in a descending channel...
I think that this month's events will determine the direction and end-of-year price level for gold. The reaction from 1375 might be a critical milestone if the price reaches there.
USD/JPY has been in a long downtrend due to a weak dollar (fundamentals & geopolitical issues) and the strength of safe haven assets such as JPY. Recently though the dollar showed some life after bouncing off a major support zone mid week. A continued move up to the 111ish area is expected based on a minor change in market structure that made a FTR (fail to...
Dollar index. Yellow zones are monthly. Blue zones are weekly. The Dollar began gaining strength and putting in higher highs and higher lows in may of 2011. Recently, the dollar has pierced weekly zone 96-97 which caused consolidation for a number of months before breaking out, putting in a higher high which hit monthly zone 102 but rejected strongly. The 92 area...
EURUSD Monthly. Anticipating test of broken weekly level then off to retest monthly channel resistance. With continued dollar weakness, price could break discending channel to test monthly zone 1.36
Buy 4227 - TP 4316 After if trend will come down, Sell from 4117 - TP 4011 For more ideas, Check my channel >>> www.tradingview.com
After last weeks NFP results were positive and price action looked good to support the fundamentals I was thinking longs for USD. Of course this was not the case as we had new fundamentals break that stated issues between North Korea and the USA. Important to stay flexible and keep up with news as things can change quickly and the bear trend continued, infact it...
Last week we saw GBP/JPY fall flat on its face melting dollar after dollar. A lot of this had to do with the recent strength of the safe haven currency YEN which went up a good amount against USD due to recent issues between Trump and his counterpart from North Korea. It has since fell down to a nice support zone. We have a confirmed EMA cross on the daily chart...
After last weeks NFP results were positive and price action looked good to support the fundamentals I was thinking longs for USD, which is bearish for Gold. Of course this was not the case as we had new fundamentals break that stated issues between North Korea and the USA. Important to stay flexible and keep up with news as things can change quickly and the bull...
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I just want to take a quick minute to remind everyone that the previous trendline for which I drew the bottom of our bullish channel (GREEN) still remains significant despite the fact that it was already broken three times (down on the 10th, up on the 20th, and down again on the 25th). That being said, I am not saying that we'll enter back into the channel...
I expect price to go back up and meet the trend line or pass the trend line and meet the next resistance level.