EURUSD is at a very important point. The price is kept in the zone 1.0650-1.08815. Break outside this area will cause movement. Break above this area could lead to 1.0945 and 1.1040 Deals before a breakthrough are not recommended!
The downtrend is keeping. The price made a correction to 38.2 and we expect it to continue downwards. It is currently possible to return to 0.5700 and then continue to 0.5500 and below.
One of the clearest and most pronounced movements currently is the downward trend of AUDUSD. Yesterday the price managed to adjust to 38.2 from the last drop. We can expect a hold in this area and, continuation of the downward movement.
EURUSD returned to 1.08 after seeing 1.15 last week. Current levels and the fundamental situation make it a good opportunity to look for buy. The price can quickly go to higher values of 1.1360 and 1.15. The catalyst for such a move may be the Fed with direct intervention in the USD market. What movement do you expect for EURUSD? Leave your thoughts in the...
Do you think the GOLD rise is over? Do you think a downtrend has started? Look at this chart and fallow our analysis. The rise began in December 2015. n 2019 and early 2020 we saw a sharp increase of over $700. The decrease from last week is down to 38.2 per Fibonacci of this movement. This is a completely normal correction, after which we can expect new higher...
Last week, the pair reached values below 74. Then we saw correction to 78,3. Along with yesterday's decrease we expect that the correction is ended and will see lower values around 74.20 and 72.95. Confirmation of the above situation will be break of correction area - look at the chart! What movement do you expect for CADJPY? Leave your thoughts in the comments below.
After seeing $ 27 when it opened last week, WTI has been able to rise just over $ 36. We expect this increase to be over and we will see lower values again. The first support level is $ 28.43, and next one is $ 25.73 What movement do you expect for WTI? Leave your thoughts in the comments below.
On Monday, the price reached its lowest value of 0.9176. Then we saw a correction up to 50% Fibonacci. The 0.9511 to 0.9591 area is currently the main resistance for the price. We can see a resumption of down movement. Support levels 0.9294 and 0.9214 What movement do you expect for USDCHF? Leave your thoughts in the comments below.
We are currently in 50 % Fibo correction from last movement. The levels around $1616 will act as a support and we will see new raising and new higher levels. The main resistance will be previous top at $ 1700, the next one will be $1727. What movement do you expect for Gold? Leave your thoughts in the comments below.
Yesterday we saw a USDJPY correction to 38,2 Fibonacci (105.38). The rebound from this level may signals for new beginning of down movement.The price must be make a new lower top and new lower bottom in order to confirm the signal and to enter into position. This means that the correction is over and we will see lower values. Be careful with volumes in the...
Following Monday's highest values, EURUSD is currently under correction. We expect the price to find support in the area up to 1.1220 and see new higher values. The moment of entry can be a candlestick formation that signals the movement's exhaustion.
In the last few analysis we expected an increase of up to $1700. After reaching its final goal this morning, we are currently in a correction that can give us new buy opportunity. The $1650-$1655 levels will be the main support for gold. If we see repulsion from these levels, we may again seek to reach $1700.
Since the beginning of the month, we have seen a correction with the WTI, which has ended and we expect the downward trend to continue. The first support level is 44.15 followed by 43.33 and 42.07 Any additional negative news related to the coronavirus will lead to lower values.
After very accurately predicted the last rise in gold, we are expecting this movement to continue. At H1 chart, the price forms a triangle, which will lead to a new rise to $1688 and $1696.
Yesterday we saw an extraordinary cut in the interest rate with 50 bp by the FED. Today is BoC's turn - they are likely to repeat the 50 bp reduction or they go even further by cut the interest rate with 75 bp. This will cause the USDCAD to rise to 1.3475 and break to 1.3520.
After the last drop, the price holds at 23,6 Fibbo. We expect to continue at lower values. Support levels: 107.07; 106.70 and 106.20; If the price goes up, the level we expect to repels it is 109.20. Any additional negative news related to the coronavirus will lead to lower values.
On Friday we saw a drop in GOLD to $1562 We are expecting to see rebound from these levels, but in order to confirm a buy signal, it is good to see higher bottom and higher top. This will be the signal, that correction ends and up movement continues. Any additional negative news related to the coronavirus will lead to new higher gold values.
The Oil is directly affected by the coronavirus situation. We have seen a sharp drop in the last few days. Current values $45.60 If the circumstances become deeper, the Oil will continue fall, with the very first support level at $42.50