For the short-term trade, It has the potential to fall to retest the broken minor trendline. My long-term target remains the same at 0.664. Catalyst: Price action, AUD CPI, US CB, FOMC, and PMI PS: This short-term analysis fails if it can break out and close above 0.647 Here's the link to my Buy analysis
My sentiment remains Bullish, Still holding a few long positions, and will act accordingly if the candles show a fail bullish continuation. Currently, I reckon AUD will continue the rally until 0.664 zones Catalyst: Price action
EUR/USD has the potential to fall to the monthly major support Catalyst: Price action I posted this chart to my group on April 1, 2020 PS: Don't trade this analysis blindly, do your own analysis to find the best entry. The target zones are based on the monthly time-frame technical analysis
If today's daily candle closes above 1675 zones, it has the potential to go back up to 1700, 1710 even to 1740 zones, Time will tell. Catalyst: Price action, US PMI, Jobless claims and Durable goods data PS: This trade fails if it breakout and close below the support zones
It tested 38.20% Fibonacci retracement 4 times, I reckon bitcoin has the potential to make a new high above the upper channel line. The final target will be $33k (This calculation based on the first $19k rally) If it rejecting the upper channel line, I reckon bitcoin will fall to $3k - $0. Buying the breakout or selling the rejection.
Catalyst: AUD Employment Change 5.9K AUD Jobless Rate 5.2% RBA - The central bank will keep doing what is necessary to meet the 3-year yield goal - GDP could significantly fall in the second quarter and remain subdued in Q3 - Risks in commercial property warrants close monitoring (BBG) RBA Governor Lowe - Likely that Y/Y inflation will be negative in Q2 -...
Catalyst: Price action PS: This trade fails if it can break out and close above the upper pennant line
7 could be the best rates to enter a long-term buy trade. Catalyst: Price action PS: This trade fails if it is breakout and closes below 7
Catalyst: Price action, ECB, and US Jobless claims PS: This trade fails if it breaks below the minor trendline
It was a double top on the H4 TF and this could be a valid breakout of the trendline, 1680-1690 really possible as long as it stays below the trendline.
AUD Employment Change 5.9K AUD Jobless Rate 5.2% Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours. So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further...
The trendline could be the best buy entry or will sell heavily if it's a breakout and close below the trendline. Currently waiting for the data and NY open. Catalyst: US Jobless claims
Catalyst: Price action I reckon XAUUSD needs a retracement at least until the US Jobless claims data release. PS: This trade fails if it can breakout and close above 1750
The long-term target remains the same at the Downtrend line and it has the potential to go up to test the weekly "anchor" candle (Weekly major resistance). Catalyst: AUD Jobs data and US Jobless claims
Catalyst: Price action, coronavirus and Fundamental 2 potential BUY zones, A and B There's a huge Head and Shoulders pattern on the H4 time-frame PS: This trade fail if it falls back to below the major support
I reckon it will fall to retest the 38.20% Fib retracement and it has the potential to go up to the final target at the major downtrend line Catalyst: AU EC, Jobless rate and US Jobless claims PS: This trade fails if it can break out and close above 0.63700 and if it falls to below the 38.20% Fib retracement
Catalyst: Price action, and if Trump wins US presidential elections 2020 PS: This trade fails if it breakout and close below the major trendline
I reckon it will fall to retest the 38.20% Fibonacci retracement Catalyst: Price action, RBA, US Jobless claims and coronavirus PS: This trade fails if it can breakout and close above the "blue" TL