GOLD has been ranging for days and finally has broke off the trendline, possibly heading higher towards 1470 zone based of 1.27 FIB.
This is a generic analysis, along the way, do watch for rejection as well
EURGBP has been ranging and choppy for the past week. But today finally decides to show a clear indicated movement. We are expecting further drop to level indicated below. However a better bearish indication would be for this weekly candle to close bearish
GOLD as mentioned on previous post, would be a possible buy momentum however given market fails to hold the main support around 1425, we would favor a a sell.
NOTE: Intraday bullish was cancelled out by higher timeframe bearish momentum. expecting a swift moves back to 1410.
BTC has been rallying, although many believes that the rally is a ''fake bull'' move. I think we should take a look at BTC chart in LOG scale rather than LINEAR scale.
Right now we can see BTC is struggling to break up the major RES for new high ( highlighted in green box ).
However, taking a look at the HL HH HL HH structure, we are might be a miss from the...
EURUSD intraday perspective, i am looking at possibly making use of the strong support holding the price three time for the past few days.
Do watch for price to break the minor resistance before rallying up