I wrote about the rising wedge on the XAUUSD pair which actually play out well, due to trade war escalation the pair broke the 1525 resistance area, and is now back to that region, we cannot tell if it is testing it as a support for an upwards push, but the presence of the triangle, precisely
the Descending triangle on the H1 present a neutral condition on the...
The USDCAD... Has broken a bullish trendline support and is resting on the 1.32560 supply Zone. This could be viable area or a retest of the back side of the bullish trend line for a bearish move or there could be a Breakout and retest of the 1.32560 support level for a bearish move. A Breakout of this area will expose the 1.31927 area.
The AUDCHF offer an opportunity to either short the market or go long.i would be wait for a breakout and a close above the o.66610 area or a price actions signal indicating that the bear are taking the maket down to the 0.65442 area
The gold has been on the uptrend for some time now, and an oversold level, the present of a bearish divergence on D1 and a rising wegde breakout on H1 coupled with the break into the sell zone on H1 indicate a short opportunity.
The EURGBP pair has arrived at a supply zone. The weekly and daily RSI signify that the market is at an over bought condition and ready for a drop down. A trend line breakout has occurred on the H1 time frame and already doing a retest for a downward push
The GBPUSD pair has been on the down side for a while now due to interest rate cut and the BREXIT agenda. But there is likely to be a rebound to the up aside as the downward move is exhausted followed by a period of consolidation. On the daily RSI the pair is clearly on an oversold condition and has made a new low for the year. Being in a demand zone, we shall be...
The GBPUSD pair offers yet another oppurtuniy to short further to the support level of 1.20713 area. the bearish pennant price action signal could be a viable entry signal once a breakout occurs coupled with a lookout for a bearish engulfing candle stick
The AUDUSDs present a short signal offering about 85pips opportunity. The appearance of a double top and the market ranging at the neckline, leave us with an option to wait for a neckline breakout and a possible retest to short the market to the 0.67590 area