The downside is still continuing after short term bounce up
In the last trading week, Gold did make a bounce up to the $1,966.206 price handle as the highs, so it had broken up the dropped base upper range, and attempted to get more higher highs, anyway the up momentum has been rejected and a downside starts of the first trading day of...
Hello guys and gals,
Any further swing lows to $1,88x.xx price handle this week, $1,850.xx will be as the next lower lows....it is just as the subtitle.
As updated in the previous post, a swing lows to $1,892.065 during last FOMC has been touched; after that XAUUSD started bouncing up almost to the 50% fibs level at $1,953,239, but it pulled back in the last...
Hello traders & readers,
US30 in the last trading week had been volatized heavily by broken down the 33K points price levels and made a lows at 32,217 points; it has been rebounding in the last trading session of last week, and bounced back to 34K points price handle. More details about the TA for US30 Check our previous post for US30 here.
Some important key...
What we probably have with XAUUSD this week for short term trading, some following scenarios for XAUUSD could be taken to considering:
At $1,974.485 USD/ounce was the highs Gold did touch, but it quickly rejected there and has been pulled back to $1,878.07 USD/ounce (50.0% Fibs retracement) on the upside.
Some important key points to keep...
Good move has Aussie made recently in its bouncing mode with good up momentum. I have detected some support and resistant price zones for the intraday basis as following:
1. Long at current market price for AUDUSD;
2. Intraday support for AUDUSD is at 0.7760;
3. Expected to break up the 0.7780 for AUDUSD, and from there we will target to 0.7820...
Hello fellow traders,
GBPUSD has been struggling at 1.370x for some weeks and was rejected finally last Friday trading session; a pullback was then occurred to a further lows price level and we expect for a further downside, namely to the support zone range from 1.345x to 1.3511.
For a short term trading strategy this week, we prefer to short by bouncing to...
AUDJPY is currently bouncing up, good move. I am looking for further confirmation, in which 75.50 price handle should be broken up, and 75.3xx be then as support zone for AUDJPY; from there, 76.00 I will looking for as end target for a short term trading.
For earlier buying AUDJPY at:
Current profit in pips
Technical point of view for a short term trading, XAUUSD is attempting to break its current psychological level at 1896.9x to be back to 1.9K price handle for a further up move. Currently XAUUSD is trading by writing this post at around 1887.9x, and for a further up move, Gold needs to be traded around this higher value area to make further higher...
XAUUSD in a technical point of view is currently in an accumulating phase after a sharp down move in its correction recently. The RSI and also Stochastic deliver us a positive divergence at H120 TF. The C leg in primary degree is also formed, so that the price action is just now expected to lead higher to break the $1,467.xx level, then from...
Hello fellow traders,
After almost reached the previous peak at 1.2990, GBPUSD lost its further upward momentum and it is now heading south. In my technical point of view, it will be corrected now to a lower price level zone at around 1.27200 in a short term.
For a short term trading, it is good to put a sell stop at 1.2890 with a stop loss above the previous...
Hi fellow traders,
Gold has been pushing down from its highs at around $1,560.xx USD/oz to the current lows at $1,459.17 USD/oz, and now it is heading upward to the near resistance zone at $1,505.xx-$1,507.xx (61.8% fibs retracement). From there, I expect there will be slowing with upward momentum. So if these price levels would be denied, then $ 1,450.xx USD/oz...
Last update for NZD/USD on March 27th, 2019 was a while ago and the target has been hit yesterday:
Currently NZD/USD is trading at around 0.6583 handle and probably the support zone for Kiwi has been founding here to end its C leg in minor degree flat correction. A change of direction is now expected to see in the coming time, but to be...
Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA.
Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war...
Detected pattern in forming now and it is somewhere between a flat and triangle. Two scenarios for GBP/USD are as following:
1. Long GBP/USD at the current price level with stop loss below the recent lows at H4 TF. Tp at the upper trend line.
2. Looking for a short, if the current lows will be broken down. Tp@1.295x should be the considering end...
I am waiting for a breakout to get in, there is higher value area above to reach today at US trading session. It is good to long US30@26200.00; Tp and Sl are to see on the depicted chart.
Anyone is in buying or selling EUR/AUD at the moment? I prefer to keep waiting for a short EUR/AUD. Any further breakdown the lower support line, then short on the rally.
A up move scenario could be occurred and it will lead the price action higher to breakup the upper trend line, at that zone immediately resistance should be at around 1.1593x, short...