gold already engulf previous support and that activate the seller fibo
so price targeted place for retrace back is at fibo level 61.8 Golden Ratio
price are shown in the chart for sell limit.
and also, for the chart pattern view, they are making Quasimodo Setup. in the making of right shoulder right now.
Head and shoulder in making, for now,
NZDUSD buy for the short term and TP @ 0.72543 , and after reach TP,
Sell NZD USD back for Swing TP @0.68141
From the Fundamental View, NZDUSD is still bias for bearish due to NZD cut rate and USD in the mood to hike rate.
In lower timeframe, its already show engulfing pattern for bullish, however in the higher timeframe still showing that EURUSD is still in bearish mode. and EUR is still in Easing mode while USD is on the mood for hike rate.
Therefore, Our BUY here is only for RETRACEMENT only.
Following the fundamental for USD, the chances to hike rate in december is high and JPY, seems, will be settle down untill 2018. JPY weak
Furthermore techinically, USDJPY already break downtrend trendline, and now is start to uptrend and doing retracement before going up again.
LONG AT 103.000/102.600/102.019
SAFE TAKE PROFIT AT 106.268
STOP LOSS AT 100.304
Head and Shoulder Pattern Setup, and also, Fibo level 50 and 38.2. Nice place to retrace before continue downward
SHORT TERM TRADE IDEA
SHORT/SELL LIMIT AT 1.48149 / 1.48535
STOP LOSS AT 1.49586
SAFE TP 1.44720
TP 2 AT 1.42349
Due to Brexit Issue, EUR is still on bearish mode
and also, price already break uptrend and now is on downtrend mode.
1.1145 is strong support line, therefore, when price break that support line, EUR will be drop easily
Plus, with the fundamental view.
There is key price at 1157.97 which is good suppot and resistance there, and also, fundamentally view..which now, Investor more looking forward for something that is solid to preserve their asset. Due to, risk off mode in market.
With the Brexit Issue still hot, and puond sterling is still on bearish mode. Furthermore, for the Technical View, Price already breach Minor Uptrend, now now is on going down.
Using Fibo for Seller, price already touch at level 61.8 which is good level to sell, and can be hold until 261.8