Alphafx23

Alphafx23

With the interest EUR rate increased to 0.50% we could see gold pushing to the upside and breaking out of its current trend Entries :1702/1716 Targets : 1727/1742/1761 Stop at : 1681 In order for this trade to be valid we must first see a retest of 1702 or a breakout and retest of 1716

Alphafx23

With the bulls showing signs of strength in the market we could see a push to the upside . Overall Nasdaq is trading in a downward channel (higher timeframe) however on the 1H timeframe we can see price trading in an ascending channel. A good entry would be a retest of keyzone 12228 with 13588 being our target . Traders could short this trade till keyzone before...

Alphafx23

The recent rebound of May 24 2022 low has lost momentum price has been consolidating and a breakout is most likely evident a break below minor support of 12,676 would signal a decline to 12,480 a break above minor resistance of 12,880 could expect price aiming for the 13,080 mark

Alphafx23

USD/CAD faces downward pressure due to the selling of the dollar due to possible recession movement ,USD/CAD may test support of1,272 area which may act as a decisive level, if broken 1.2700 levels may be the next area to watch. Resistance is seen at 1.2800

Alphafx23

The 3 day selloff appears to be losing momentum with futures firmly in the green on Monday. Weekly indicators have reached oversold territory suggesting index could rebound in the coming weeks ,minor support at 11,927 and minor resistance if 12,095 should be monitored ,as a breakout will determine the direction. A break above 12,095 could signal an upside target...