I am expecting markets to enter into risk-on mode after FED`s tomorrow. The price of gold, as a safe haven and risk-off asset will suffer from this.
The 1300 - 1320 area is sell area for gold. Expecting gold to test the 1240 level again. The short trade is valid untill we reach December and the next FED meeting.
This is probably the sell NZD case with the highest potential. A buy from the 1.68 level could be rewarded with around 1000 pips if the case is correct.
Still the main risk is coming from news releases from UK and EU regarding the Brexit process. Also the future of Carney with BoE if negative, could have negative ...
In general I have a very bearish outlook for NZD. Key numbers due to be released the coming week, the week after involves the rate decison and general outlook from the CB. Expectation of a rate cut.
Technical analysis is the primary signaller of the bearish direction ahead.
Already a trading idea/case for ...
0.7650 - 0.7730 is possible selling area.
In general bearish outlook on AUD. CPI and PPI numbers due this week.
Lots of important news from Australia and China to come next week. They can act as triggers for price movement against the AUD.
The pair saw highest price since March this ended week. The pair is in a bullish trend started in May. The pair also has a pattern of retracing after printing higher highs.
I am expecting the pair to correct bearish from the area of 1.3350 - 1.3580. Probably a sound decision to start scaling into position from ...
Solely based on technical analysis, buy recommendation on EURUSD.
Price is currently at the lower limit of its expected movement range (green lines). Upwards movement from this area could expected.
The pair is in a bearish trend since the 18th of August. Still buying at these levels could be ...