UK Retails Sales for July will be announced today. Expectation of the data for today is weak and may giving the pound to go lower.
On the other hand for the Dollar view , the economic data also will be announced today as well it also show the expectations is weak.
Strategy implement for this pair is to scalp a little when the UK economic data release. Due to...
After Several tested the level of 113 resistance level, Weekly conclude this pair had ended and close below 113 level
In conclude, USDJPY may take a breath to retest the next highest level 114
Price may reach the first TP 1 Area: 110.100 before test the new high
Geopolitical tension reraise again due to North Korea may relaunch a missile
Gold had nice rebound at the 61.8 % Fibonacci retracement level .. Point of view in this remain bearish in medium terms due to
FED be firmed interest rate may raise in this coming December.
In conclusion, Price may continue rebound to 1300 physical level
IF Geopolitical tension...
Price finally break the important level 1300
Due to geopolitical tension, Gold is a best safe haven asset for investor to shift their fund into gold market
Currently price break up strongly and reach the daily high 1324.00 and pull back to 1310.00
Personal opinion, 1310 maybe a strong demand for the late comer to chase the long-term trend.. IF this level...
Price shows a nice rebound at the strong support level (0.72) which also confluence with the Long-term trend line break-out
Current geopolitical tension may show USD dollar continue in bear mood.
Market News have to paid attention is tomorrow RBNZ Gov Wheeler Speaks
TP1 : 0.73
TP 2 : 0.74
# Trade Safe
Fundamental View :
-Canadian raise the interest from 0.50 % to 0.75 % for the first time in 7 years . It bring a huge impact to the others currency
pair especially USD.
- Disappointment CPI data bring the USD/CAD to the lowest level 1.26500 (Weekly Support Level)
Personal fundamental perceptive : In the coming Friday is the Canadian Core CPI , personal...
In my opinion, gold still remain in bullish structure based on long-term perceptive. After FOMC announcement yesterday,
Gold's daily closing price is above $1220 which confluence with weekly support level. Few reason gold price is kind of attractive for
Long, due to geopolitical tension and G20 event will be happened on this friday & saturday. As zooming into...
A serial of central bank announcement happened on last week..
Most attractive and fresh news coming out from EURO and GBP and this two pairs had show a strong character
compare the others currencies pair..
BUT technically EURCAD still in Bearish and price a bit shaky after a weak pull back ..
In my opinion ,this pair worth for short if daily close below...
Price seem exhausted and been tested so many times at the level of 1.28 this level .
Closing price for 4 hour time frame make more clear and confirmation that buyer start to slow down .
Overall , current outlook for this pair still consider bearish.
A short called was filled on last week when the price tested 1.35 this level for few time.
Disappoint U.State non farm payroll trigger a strong sell off pressure and it bring the price revisit the last low (1.34100 ~1.34200)
Fundamental view on this pair,recent crude oil been slump due to uncertainty of production cut by OPEC ,plus yesterday U.State's Crude Oil...