USDJPY slowed down this week after seeing some bullish movement for last two. There is a chance thar UJ will go into a short-term buy based on MA indicators, support is forming around price 134.300 . If price rises above 135.400 we may see it reach resistance price 136.100 . Buy Entry: 134.800 Targets: 134.930 | 135.050 | 135.400 | 135.670 | 135.950...
XAUUSD has been stagnant for the past week, only seeing some volatile movement during US economic news announcements. Current pricing seems to be finding resistance at 2021.00 , so I am expecting Gold to lose a little steam now. If price goes below 2004.00 it may swing down to support 1989.00 . Sell Entry: 2011.00 Targets: 2008.00 | 2004.00 | 2001.00 |...
USDJPY has been in a bullish outbreak since last Friday, finally seeing some substantial movement after a pretty stoic year. I'm expecting more the pairing to go into a short after initially seeing a bearish tip this morning due to JOLTS. There is potential for UJ to short back down to support ranges where the bullish momentum initially began. Sell Entry: ...
Expecting USDJPY to break into a sell again, charting is similar to my most recent posting. Within in the last week UJ completed the previous support cycle down to price 132.000 and slowly drove back up to resistance areas. I am expecting the downward cycle to begin again as the dollar continues to lose steam without too many bullish gains. MA convergence...
Expecting Gold to slowly move back up after seeing some cool-off of last week's high of 2032.00 . MA indicators are showing signals of a bullish convergence, and a weakening DXY should favor a Gold buy. Buy Entry: 1995.00 Targets: 1997.00 | 2000.00 | 2003.00 | 2005.00 | 2008.00 | 2012.00 | 2015.00 | 2018.50 Resistance: 2021.00 Be sure to like, follow and...
Expecting USDJPY to drop back down and retrace a bit after seeing strong, bullish motion since Sunday market open. MA indicators are converging and signaling strong downward movement on the hourly chart. Sell Entry: 133.500 Targets: 133.320 | 133.050 | 132.860 | 132.700 | 132.530 | 132.310 | 132.170 Support: 132.000 Be sure to follow, like this post and...
XAUUSD seems set to continue its bullish motion after the price shot up this morning due to JOLTS job opening data. The release tanked the Dollar causing Gold to rise. There is still a small sell gap left to fill on the DXY before the pattern wave is completed, and I am expecting XAUUSD to finish the pattern as well triggering a continued short-term buy for Gold ....
Expecting the DXY to fall some more as there is a small gap left to fill, which should result in a continued short for USDJPY. MA chart indicators are also signaling more downward movement for the pairing. Pricing may initially find support around the 130.620-130.420 price area, and either push back up into bullish motion or retrace back down to support price ...
Tokyo Core CPI data will be released in about 2 hours, and I am expecting the news to favor the Yen triggering a short. A price above 133.000 signals potential bullish motion. Sell Entry: 132.200 Targets: 131.900 | 131.650 | 131.475 | 131.300 | 131.050 | 130.850 | 130.620 Support: 130.400 Resistance/SL: 133.000 Please be sure to like this post and...
Expecting Gold to continue its upward trend and fill the gap to projected resistance price of about 2003.00 based on Gold's trading range within in the last week. DXY is projected to fall based on moving average chart indicators, which favors a Gold buy. Buy Entry: 1975.00 Targets: 1977.00 | 1980.00 | 1984.00 | 1987.00 | 1991.00 | 1995.00 | 1999.00...
Expecting Gold to continue falling in price after seeing some slight retracement back up. MA convergence indicators and chart formation shows a preference for a continued fall. Sell gap should close around price 1909 . Sell Entry: 1935.00 Targets: 1930.00 | 1927.00 |1923.00 | 1919.00 | 1915.00 Support: 1909.00 Be sure to like this post and let me know...
Expecting USDJPY to break into a short-term buy based on MA indicators and chart formations. The buy gap should close around 133.700-133.800 area before potentially heading back down. Buy Entry: 132.650 Targets: 132.860 | 133.000 | 133.120 | 133.230 | 133.350 | 133.480 | 133.580 | 133.710 Resistance: 133.830 Be sure to like this post and let me know what...
Expecting USDJPY to dive in price this evening due to the BOJ Monetary Policy Statement release and following Press Conference, which usually tends to heavily favor the Yen. Expecting a drop of about 400 pips, and for pricing to replicate a move reminiscent of the one on December 20, 2022 as illustrated. My previous sell chart may enact shortly before the news as...
USDJPY hasn't shown much directional outbreak since the start of the year outside of the rare news release spike. Not necessarily a trader's market. For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ. Sell Entry: 135.700 Targets:...
Expecting XAUUSD to climb back up due to incoming economic events after a price fall off for the last couple of days. We may see the Dollar Index fall to the 102.000 area before the weekend which also supports a buy for Gold. My last chart may enact past price 1856.00 , but for now I have it as a resistance area. Buy Entry: 1832.00 Targets: 1835.30 |...
Expecting XAUUSD to continue up for the short-term based on the hourly chart. I have a support at 1870.00 but continued upward motion could see a support as high as price 1889.00 . Moving averages seem to be favoring buy motion as well as a weakening DXY. I have based my analysis on the last time Gold saw current price points in mid February of this year. Buy...
Expecting Gold to drop after ranging between resistance and support levels of 1886.00 and 1863.00 . Expecting bearish correction to continue after Gold reached highs of 1960.00 within the last few weeks as the dollar continues to strengthen. I have based my analysis on the last time Gold saw current price points in first week of January of this year. Sell...
Expecting USDJPY to go into a buy if it can stay above Sunday's opening gap price of about 131.000 . The price has been bouncing between resistance price 131.500 and support price 130.500 so a break above 131.500 should be a good signal for a long. Buy Entry: 131.700 Targets: 131.880 | 132.000 | 132.165 | 132/360 | 132.530 | 132.700 Resistance: ...