I think the Aussie needs a bigger retrace before anymore bearish price action could continue after its had a pretty good fall due to trump and the dollar. Levels i think are important would be around the 75500 to 75550 then potential for slight bearish price.
I see the Aussie regaining ground overall once the ...
The DXY is at key fib levels of .618
A potential zone for a reversal.
This is purely and idea for discussion purpose and in no way a signal. Have a plan and trade your plan. Its your own money at risk. Be smart
After a nice breakout of the long term up trend i think this could present a good sell opportunity but only after a pullback near the high of the last daily candle around the 0.76230 to 0.76287 area.
This is only an idea not advice or signals. Purely for sharing purposes only. Trade your own plan!
Gold is in a bullish trend on a bigger time frame.
- nfp is the fuel to propel gold higher on global uncertainty and maintain the bullish trend.
- this could be wave 3 of an EW (Impulse wave)
Take profits are based purely off the averages of 6 months nfp reports, purely for idea purposes!
Disclaimer: This is ...
A possible inverse head and shoulders formed on the weekly chart for gold, followed by a breakout at the neckline. I think i see an attempt at an adam and even double bottom which would mean the trend should change to bullish. Could this be a turn around point for the trend in gold?
Once again, healthy criticism ...