EURUSD which has been falling for several months now, the pair has reached a very low level which acts as a major support ( 1.04 ), if the USD ends up losing value, we can consider a rise of the pairs in XXX/USD, but for the moment with this setup we remain in a selling perspective
On this pair we are in a bearish trend, we expect the CHF to take value on the fundamental, interesting for us to continue to sell the pairs in XXX/CHF, I will look for a potential short position on my gray area at 1.19300 level
For the past 30 days the GOLD has been in a range, on the chart we can see a recent rise forming, new highs and lows higher and higher.
We have seen a fall of almost 30% in the SPX500, the CHF which should also gain value as a safe haven we expect a new rise in the GOLD ( XAUUSD ).
Technical analysis, the 84.730 level is according to me one of the most interesting levels to go for a Long position if we combine: The current trend and the various zones which we have (S/R; S/D), to note that a fall of the pairs in XXX/JPY is always possible but before that to go for a last Long position can be very interesting
On the daily we remain in a mostly bearish trend but the price on this pair has reached a very low level, on the H4 the price is starting to form a bullish trend, the break of the gray area ( approximately 0.82500 area ), and the trend line will be our confirmation to take a long position. As long as we don't break this level we can always take some short...
Daily bearish trend, the most important Volume around the level 0.64 and 0.68 : Technical analysis, always in bearish trend we are going to look for selling areas, considering the explanations above the level 0.64300 is very interesting for a sale with an objective of the level 0.62.