The price currently retests the broken daily trendline, a strong indication that AUD potentially will fall deeper.
If you missed the previous analysis, maybe now is the best time to catch another potential big trade.
- If the price stays...
Currently, the price action showing a potential rising wedge on the H4 time-frame.
- If the price rejects and stays below the upper rising wedge line, I reckon XAU will fall to the bottom rising wedge line. If the price can break and close below the bottom rising wedge line, XAU will definitely fall to all the targets this month.
So far, XAU/USD falls back to below the August 2020 - January 2021 trendline
Today XAU/USD finally broke the minor trendline
Potentially an evening star pattern on the daily timeframe
The gold market is potentially gonna be wild in the next...
Technically the chart right now is at the neckline. If the price rejects this neckline, AUD may fall to the minor trendline, maybe deeper to 0.702.
Sydney, Australia, on Saturday night, began a two-week lockdown amid a surge in cases of the COVID-19 Delta variant.
- Sydney lockdown
- US CB Consumer
- ADP Non-Farm Employment Change
- ISM Manufacturing...
It was a perfect analysis; the price rejected the 1916 zone. The price was falling back down to below the previous major downtrend line. Here's the link to the last XAU/USD analysis
Currently, the chart shows a potential bearish pennant, which is means a possible bearish...
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Last month, Rockstar announced Grand Theft Auto V expanded and enhanced Edition for Sony PS5, Xbox Series X, and will launch on November 11, 2021.
Technically a potential Golden cross, and fundamentally Arrival seems promising, which went public via a merger with a unique purpose acquisition company (SPAC), has an order for up to 10,000 vans from UPS. Arrival also plans to collaborate with Uber to produce electric taxis in the UK and the Microfactories plan.
Last but not least, I love the product and its...
Yes, I'm crazy enough predicting the crash !!
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and...
DXY Potentially a falling wedge
- This analysis fails if the price breakout and close above the upper channel line and August - September 2020 Demand zone
- Price action
- US Unemployment
- DXY falling wedge
Pretty excellent risk-reward ratio. XAU/USD rejected the down trendline twice on August 7, 2020, and January 6, 2021.
If the price rejects the trendline, my chart says that potentially it will reach the final target on August 18, 2021.
The biggest question is whether the market is ready to fall deeper or buyers keep buying blindly because of inflation?
Based on my price action, currently, it's a nice retest of the broken TL, a pretty excellent risk-reward ratio. I predicted it would reach the final target by the end of July or the beginning of August. I would wait for the confirmation candle, enter the trade, set SL / TP, and forget about it since the analysis is base on the daily time frame.
We had a similar...
The major trend has changed since January 2021, and currently, my chart says that 87-89 potentially the bottom.
Technically I reckon there's a possibility that DXY will climb to 94 zones; that zone was the broken neckline.
Historical Inflation Rates: 1914-2021
Currently, I see a potential Bearish "Megaphone" pattern or potential Bearish Broadening wedge. Short-term bearish assumptions for the gold price are the potential targets 1, 2, and 3; that's the strongest support.
If the price can break out and close below the potential target 3, I reckon XAU/USD will keep falling to retest the...
As long as it stays below the strong resistance, I reckon EUR will falling to the targets in the next few days.
This analysis fails if the price breakout above the resistance.
- Price action
- US CPI
- Fed Chair Powell Speaks
- EU Economic Forecasts
- Unemployment Claims
Chinese regulators summon Tesla on quality issues as consumers complain about the quality. Regulators say electric-car makers must abide by Chinese laws and regulations as consumers complain about quality problems.
Hyundai motor was in early-stage talks with Apple about potentially working together to develop an electric car. - Report CNBC
So what's the connection with Canoo? Canoo and Hyundai announced a partnership last year to develop an EV platform, which would likely use Canoo's proprietary "skateboard" platform architecture. Canoo said availability would begin in...
Currently, I'm still looking for the best price to enter a long-term investment. The technical analysis gives a hint that it possible for CCL to recover. We can see a potential Golden cross on the daily time-frame and a Broadening Wedge Patterns or "Megaphones" on the weekly.
Sooner or later, the business and tourism will be back to normal. Carnival will be on...