Corrections on gold daily chart has the potential to take the commodity either upside for price to re-test swing high at 2080 or downward to re-test August 2020 low. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
NZDUSD now at a support level and a break below the swing-low at 0.66016 potentially can drag the pair down below the bearish wedge, however, price rejection between 0.66016 & 0.66516 could cause the currency pair to rally up to re-test it recent swing high at 0.67890. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After hitting the monthly trendline, dollar index is now reverting to its mean value. If dollar index is going up, pairs such as GBPUSD, EURUSD, AUDUS, NZDUSD and commodities/cryptos are at risk of declining and on the other hand pairs like USDCAD, USDCHF, USDJPY are favored to be bullish... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
Looking at the S&P500 monthly chart, it is observed that the recent price actions of index is similar to price actions before the last 2 US presidential election. In 2012 made a new high before Nov, 2012 elections, then re-test the support level during the election and later continue to rally up. Similar price actions is seen during 2016 election. Now in 2020,...
CABLE maybe close to the level to move up for intra-day rally IF there is rejection at the highlight zone...
EURCAD has been on deep corrections since late July and may now close to the level where it will continue its uptrend. A rejection bullish candle at the highlighted zone maybe what is left to begin the reversal process... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD now at the level predicted in our Aug 26 post. With the currency pair pretty close to the lower line of the ascending triangle and the ascending trendline, a test of this level most likely will cause the reversal for the fiber N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
CHFJPY is showing a bearish wedge on H1 & this be a good structure to bring the pair down to test the existing trendline since May... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Technically, the next support AAPL may likely be targeting is around 115 level after almost a 2 week sell off... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Intra-day selling opportunity on USDJPY
CHFJPY has been on tremendous bullish run since May & now in corrective wave on H4. The question is will this be its reversal to downtrend or more uptrend after the corrections? Analysis of the pair shows possibility of CHFJPY to fall towards the trendline and a possibly rejection at either (1) or (2) will push the pair up to retest 117.50 or above... N.B - Let...
EURUSD has been strong for some weeks and this likely to continue for few more weeks as the pair is targeting to shoot above 1.21000, however watch out for lower timeframe pullback for a good buy entry N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD still has bullish outlook & with the pair now close to a swing high at 1.35165, it could possibly violate the level and immediately pullback or slowdown before another upside rally begins... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With GBPCAD rallied above swing high at 1.7450, the post below might be inconsequential anymore. The pair is showing great strength and a pullback to value zone is what matters now! If the selling pressure persist in the early part of next week, below 1.74113 will be the target to go long... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
When GBPCAD breakout of the corrections, the pair most likely will enter into a range between the green & red highlights on H4. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD on H4 is showing ascending triangle and IF the correction structure is correct, then the pair has 2 more wave left before the final rally to the upside... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With GBPCAD unable to violate the swing high at 1.74500, we saw the pair trending down on Friday thereby extending its correction structure. The structure is now looking more of double zigzag & as a result, we are expecting to see the termination of the "y-" wave before riding on a BUY. In the meantime, there is a short term sell opportunity if price pullback to...