The EURUSD as any other pair in the market is still moving in a sideways range, personally, i'm waiting for a break either above 1.2460 or below 9th March low at 1.2275.
both ways, i'm waiting for a supportive candle to go long with the market. Don't forget that Fed meeting next Tuesday which will hold a significant amount of volatility.
If the meeting was hawkish...
Gold has been in consolidation for two weeks now with a bearish insight. as we all waiting for the Fed next week if the speech was hawkish as expected this may drive the gold lower perhaps towards 13000 or even lower to 1295 region.
however, i don't think that the falling " if it happens" will be dramatic, if we could find a support around 1300, 1295 handles, this...
Hello again! it's been awhile since i have talked about any pair, so let's get started already!
USDCAD, what a run all the way towards 1.2920, as you can see 1.30 level is a psychological level for traders as it holds a large amount of resistance, that's why it's been volatile during the week!
keep in mind that the FED meeting will be held next week on Tuesday and...
As the market has shown a great reaction not holding below 1.3840, and as we have entered at 1.3875, along with falling dollar, the market has risen to reach our first target at 1.4000, now eyes on the pound now to hold above 1.4070 to continue moving higher to our second targets at 1.4250 and 1.4300 levels.
buying pullbacks would be the best to trade this market for now.
the pair broke below the major support area at 107.35, with that being said i think the market might grind even lower towards 105.50 area. any pullbacks towards 107.40 levels might be a good opportunity to sell the market again.
The Euro has finally broken the stubborn area above 1.2320 and hit our two targets at 1.2450 and 1.2500.
it's important now to keep above 1.2370 to stay bullish in the short term and any pullbacks would be a good opportunity to go and buy the market towards 1.2600 handles.
As the Brent fell below the 50 EMA on the daily chart previously, and the short selling has just begun since then.
my main targets were 62.55 and 61.20, and so far the market has already hit the first target at 62.55 and now moving in a sideways range between 64.10 and 61.20.
In general, as long we're below 64.50, the market considers to be under pressure and may...
Previously have mentioned that as long as the market above 1308 that would be a good opportunity to buy the gold, now as we see the market is already trading above 1325 level, a daily close above that may attract more buyers to drive this market higher to 1338.
as a closer target, for now, will be Feb 7th high at 1332.36
the Market has not yet closed below that massive shooting star that placed on Feb the 9th, However, you can clearly see that there is some kinda low trading volume around this area.
A close below 1.2560 may take the pair towards 1.25000, 1.2480 handles. and with any kind of a support, there may see a bullish action take us towards 1.2660 again.
the other scenario...
The Pound is still struggling around 1.3840 handles, but be aware of that Doji that closed yesterday, it contains many signs for a perhaps bullish movement.
first, it closed right after a kinda big selling day the day before, second, the market is starting to show higher lows, third, it pounded near to the 50 EMA.
with that being the case, a close with a hold...
The pair finally breaks below Jan 26th low at 108.30 which was our entry position to short the market, and currently is very close to our target at 107.35.
at this point, there are no entry levels to join the market, I'd suggest to wait and see the reaction of the pair around 107.40 handles as it holds a large amount of support.
So the Euro has a great job holding above 1.2180 area and slightly tried to close above Feb 8th high at 1.2295, with that being said I'll stick to the plan if the market a closes above 1.3220 and holds there then i'll reconsider of going and buy the market.
1.2450 and 1.2500 would be my bullish targets
Gold has approached a major support/resistance area at 1325 handles if it holds below 1320, this could drive it lower to the nearest minor support at 1316.40 for now, other than that a supportive candlestick around this psychological level 1325 might grab buyers attention to take the trigger from there.
both ways i'm looking for a buying opportunity around 1325 ,...
the pound has reacted perfectly to the monthly resistance at 1.4250 and pushed the price lower to the daily support at 1.3840 regions. at this point, it's kinda hard to decide to short this market if you haven't shorted yet, the market could grind lower towards 50 EMA on the daily chart as it still looks under pressure for now.
i'd like to keep my shorts open with...
the USDJPY has reached to a major support area around 108.60 handles, as you can see, the RSI is pretty much in an oversold area along with the reaction of the candlesticks are in a consolidation phase.
it's not until we break above 110 to see this pair moving a little higher towards 112, on the other hand, if we break below 107.50 that might drive the market...
The US index kinda found a support to leave an indecision candlestick last Thursday, and the RSI shows we already have approached oversold area.
the dollar may bounce a bit if a close happened above Thursday's high at 89.58 and could meet the previous resistance level at 91.10 with a stop loss below the indecision candle at 88.44.
it is important to keep in mind...
The Euro has shown weakness since last Thursday with the daily shooting start, also followed by another shooting start on Friday, along with the overbought sign from the RSI, you can clearly see that the price has started to form lower highers already, however, I prefer to see a daily close below Thursday's low at 1.2363 to confirm the weakness and maybe to go...
previously we've mentioned that we're bearish still on the USDCAD yet waiting for an entry to pull the trigger.
personally, for me, i have placed a short position at 1.2431 after the close of the hanging man candlestick at the resistance level. currently, the pair has hit the first target at the support area at 1.2371 and also trading below that.
the number of...