usdcad has been in an uptrend for awhile but as we can see from the charts bulls are showing a little bit of weakness bellow the 1.30300 resistance zone, i will be looking for a trend break an retest of the 1.30300 zone for a short entry , however trend is still very much bullish until trend says otherwise.
we had a strong rejection from the previous daily resistance, from the chart its probably trying to form an inverted head and shoulder . lets wait and see how price reacts around the shoulder area
gold has been on a bearish move and has broke out its chart pattern from a strong bearish momentum, we might retest the 1865.13 zone before we see a continuation. entry - 1863.86 position - short
we missed our target on the last analysis but if you broke even you are safe,on this chart we can see a great support from the former pattern demand zone , looking for a buy entry at 0.85433
would be looking for a bullish move back the previous weekly high entry - 0.85330 target - 0.85840
GBPJPY just broke out from its awaiting pattern , price action suggest a bigger move upwards. position - long entry - 162.929 daily target -164.223
audusd printing an ascending triangle pattern , we are bullish for today, probably a break might take us to 0.71733. daily target - 0.71733
gbpusd has been on decline for a while now but bulls have shown sign of a long position, trend is still remains bearish until proven otherwise, this is just a signal for today. position - long daily target - 1.25639
Gold has been declining for awhile now, i will be looking for more bearish momentum probably to 1825.40 entry - 1876.30
as seen on my previous analysis, we were looking for a support on the trend line or a break below. looking at the charts we can see a great support on that trendline and has proven to be a good bull run, here we have a break and retest structure holing from 13187.02 to 13603.74. entry - 13187.02 exit - 13603.74
as we see price is back on our previous bearish trend line with a support from 12814.07 we see price sharply reacted, a break below this level might see a more strong sell coming with a retest of the trend, however if price holds on 12814.07 bulls might take us to 13604.42. trend is currently trading in a bearish form.
gold is holding firm on the 1902 zone with a possible retest to 1937.170, possibly higher to 1975.75. however gold trend still remains bearish.
On the previous analysis I stated a prior support leveled at 1841.27, bulls have over that resistance (resistance turns support) with a bullish consolidation pattern on the 30 mins chart, we might see a short retest at 1870.00. The next resistance is printed at 1917.49.
Gold bulls pushed prices to 1841.27 prior resistance area yesterday, which I projected on my previous analysis if you happened to have seen it,I was looking at a sharp retest to 1817.39 after the hike but the price retest wasn't respected ,bulls were able to break the resistance printed at 1841.27 which suggests prices might continue to the next major resistance...
We saw Gold cleared out -0.89% of its weekly gains today, causing traders to panic. However I still remain long on this pair. The pair is sitting on a retest area at 1797.07.price movement should be watched around that area, a support from their might take gold to 1841.49. Levels to watch Retest- 1797.07 Resistance - 1841.49 Risk level - 1814.65 This...
On the opening of the week we saw Eur/usd uptrend continued,just an hour ago it broke a ranging it has been holding on The 1H-4H chart. price action suggest a futher push to 1.14223 resistance Area, however retest remains at 1.13471... this area should be watched carefully for a price reaction before entry.
Bulls are showing a great momentum with a break above the fib retracement at 22.67025.A retest should be watched around that same area (22.67025) for confirmation. The next major resistance is printed around the 23.22689 area,a break above that area might push us to 23.53915.