Forextuitions

Forextuitions

The 4-hour right side is up against 186.04. 1-hour right side is turning down against 197.4. Near term, while below 197.4, expect pair to extend lower to correct cycle from 3.11.2024 low in 3, 7, or 11 swing towards 186.04 – 190.4 area before it resumes higher. We like the long side from the 4 hour blue box area (if reached).

Forextuitions

The weekly right side is up against the 1040 lows from December 2015. The daily right side is up against the March 2020 lows at 1450. The 4 hour is turning down against the August highs at 2072. While below 1965 high from 11/9/20 where the hourly is turning down Gold can continue to correct the cycle from the March lows. SELL XAUUSD @1910-15 TP: 1850-1820 SL:...

Forextuitions

Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up. While above there the metal can see a turn back higher above the 9/4/19 highs in wave I....

Forextuitions

The pair ended a cycle in wave (1) at 109.76 on 12/2/19 where the 4 hour is turning down. From there the pair can see the 107.50 area before a bounce corrects the cycle from the 12/2/19 highs. While below there it can see another swing lower to correct the cycle up from the 8/26/19 lows at 104.42 where the daily is turning up

Forextuitions

The pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from...

Forextuitions

USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair...

Forextuitions Updated 

GBPUSD: 4 Hour cycle is bullish against 10/7/2016 low (1.195) low while the 1-hour cycle is bearish against the 4/17/2018 high (1.4377). Rally to 1.3474 ended correction to cycle from 4/17 high. Near-term cycle from 7/09 high is expected to complete soon then pair is expected to do a bounce in 3, 7 or 11 swings before further downside is seen provided the pivot...

Forextuitions Updated 

Crude Oil 4 Hour cycle is bullish against 2/11/2016 (26.05) low and 1-hour cycle is bullish against 6/21/2017 low (42.05). Oil has ended cycle from 8/1/2016 low (39.19) and currently correcting that cycle in 3, 7, or 11 swing in wave IV. As far as bounces fail below 70.44 high, expect Oil to extend lower 1 more leg before the rally resumes. We favor the downside...

Forextuitions

EURJPY : 4 Hour cycle is bullish against 4/17/2017 low (114.85) while the 1-hour cycle is expected to turn bullish on a break above 2/2/2018 high (137.5). Near-term correction against 6/19 cycle is proposed complete at 128.48. Near term, while pullbacks stay above there, and more importantly above 126.54, expect pair to extend higher. We don’t like selling the...

Forextuitions

USDJPY: 4-hour cycle is bearish against 12/15/2016 (118.66) while 1-hour cycle remains bullish against 3/26/2018 low (104.56). Near-term correction against 5/30 cycle is proposed complete at 110.57 low, while dips remain above there and more importantly above 5/30 low (108.06) pair is expected to resume the upside. We don’t like selling the pair and prefer more...

Forextuitions

USDJPY the pair trend is bearish, As technical the USDJPY pair begins today's trading with clear negativity to attack 112.60 level and moves below it now, which supports the continuation of our bearish overview efficiently for the upcoming period, paving the way to head towards the next correctional level at 111.60. Before fall we can see retracement towards...

Forextuitions Updated 

EURGBP the pair as rolled over during the day on Monday, reaching down towards the 0.8830 level, currently the pair trading on 61.8% fibo , This is an area that has attracted a lot of attention over the longer term, so I suspect that we should get a buying opportunity relatively soon. Buy EUR/GBP @0.8813/0.8795 Expected TP: 0.8890/0.8920 Stop loss: 0.8770 Gud luck !

Forextuitions

XAUUSD the pair fall after US Fed rumor to hike rates in December, The dollar was supported by reports that President Donald Trump was favoring a monetary policy hawk as the next head of the U.S. Federal Reserve, as technically the pair trading on the 50% retracement, under the trend range , we can see a rally before going to fall to test 1298/1304. Today we will...

Forextuitions Updated 

EURJPY pair still overall trend is bullish , Sustained break of 134.20 fibonacci level will extend larger up trend to 141.04 resistance next. However, break of 131.69 will be an early sign of medium term reversal and will target 127.55 key support level instead. Currently the pair trading pattern short term bearish trend with the strong resistance and double top...

Forextuitions Updated 

GBPUSD the pair while on FOMC hit a new high of 1.3659 yesterday After FOMC hawkish comment the pair sharp decline from the high . today the pair made a new 4hr support and retrace 61.8% fibo, currently the pair pattern shows one more leg down towards the retest trend zone around 1.3459 if break will see immediate support around 1.3370/1.3330. We don't like the...

Forextuitions Updated 

USDCAD long term the pair still have a leg down towards test below 1.20, The USD/CAD fell close to 1400 pips from the May 2017 highs into the July lows,On Wednesday, September 6, the Bank of Canada increased its benchmark interest rate to 1%. Following the announcement of this news, the USD/CAD moved lower, Along with USDCAD the U.S. Dollar Index (DXY) has also...

Forextuitions Updated 

XAUUSD the pair have a good volume ,the buck failed to drag the pair down through the 55-hour SMA. Second, the gold managed to recover and break through the weekly R1 at 1,339.42, we can see fall one again towards first support 1331.62 and expect to break and intimidate target of 1326.Overall we can see the pair target of 1304/1298 and then one more rally. Sell...

Forextuitions

The British pound initially fell during the week but found enough support at the 1.2850 level to turn around and form a hammer. I believe that this market is going to continue to go higher, and a break above the 1.3050 level is that signal. At that point, I believe the market can go looking towards retest again 1.2850 /1.2800 and then we can see rally towards...