- EUR gains strength and the Yen could potentially weaken. - The CoT reports highlight the increase in short contracts of Japanese Yen potentially highlighting a reversal. - Daily price action shows price rejecting the previous low forming a potential double bottom pattern. A break of the daily high could lead us back into the key weekly lows. Regards, GoldfXcc team
- rebounded strongly last week but failed to break through 1.1282 resistance. - triangle pattern in the game - wait for breakout or reversal. - bias is neutral this week first. With 1.1282 intact, further decline is expected. *SHORT SCENARIO: break of 1.1133 minor support will turn intraday bias back to the downside for 1.1026 and break of 1.1026 will extend the...
- break of 1.19027 will lead to 1.14900. - further downside to major support zone (2016). Regards, GoldfXcc Team
- Sustained break of 0.9305 will confirm target to 0.9799 (long term) (2008 high) and then 61.8% projection of 0.6935 to 0.9305 from 0.8472 to 0.9937. - medium term outlook will remain bullish as long as 0.8472 support holds, in case of deep pull back. **updates will be available in the comments section as price-action develop. Regards, GoldfXcc Team
- The (CoT) reports show that there has been an increase in short contracts and this demand zone will be ideal for reversals. - this pair is staying well inside long term falling channel and - approaching the key lows of 104.70 where we could see some Yen weakness on the market. A Break of 104.62 will target 100% projection of 118.65 to 104.62 from 114.54 to...
- weekly chart suggests price is rejecting the resistance of 1.3270 closing back within the previous weekly area. - if the USD continues to weaken, we could expect the price to move lower from here. - a break of the current weekly candle low will be ideal in looking for short opportunities. Regards, GoldfXcc Team
- USD Index closed significantly bearish last week. This could lead to further weakness this week with selling. The key lows of $96.00 will remain targets for short positions and should be tested as price falls. **updates will be available in the comments section as price-action develop. Regards, GoldfXcc Team
- Commitment of Traders report - highlighted the commercials willingness to buy Great British Pound with the 2016 lows of 1.1900 1W, TF chart. The strength and weakness chart shows that GBP is beginning to gain some strength. Also report highlighted the commercials selling Japanese Yen which could suggest the risk-on sentiment in the market could be returning in...
- GBPJPY is stayed in consolidation area from 128.11 temporary low and intraday bias remains neutral first. - bearish GBPJPY staying well below 55 week and 55 month EMA. Next target is 126.000 and for long term 122.36 (2016 low). *updates will be available in the comments section as price-action develop. Regards, GoldfXcc Team
- Short term upside - target to reach 129.500 Regards, GoldfXcc Team
- level zone -suggestion to use BUY STOP preventing any trap - potential target to reach: 1. 11855 2. 12062 **updates will be available in the comments section as price-action develop. Regards, GoldfXcc Team