As pound breakout the consolidation triangle pattern, the downward pressure continue to make GBPUSD lower and lower, 1.30 level is able to lose.
The relative support level is around at 1.2960 and it's a second pivot point for pound weakness after breaking 1.3070.
However, GBPUSD is getting lower about 3 trading...
Oil reconfirm the consolidate area around 63.15~63.56 today which struggle in previous day and then rebounce to 64.40.
With strong upward momentum in the Euro market, therefore, US market may rise again to challenge the resistance and maintain $64 level.
So, try long to oil around at 63.85 or Reversal...
Oil reveal extended triangle pattern in H4 chart, and may have consequences in following days.
Therefore, we have two choice to our daily strategy, first, if extended consolidation establish then short position can be execute with small loss.
Second, by following uptrend momentum, we may waiting good position and...
Gold breakout and present downward direction to market finally yesterday, thus we should continue doing short position.
In today's trading, better short at reversal horizon or around at 1280, and target 1275~1272 for short-term.
Support: 1275 / 1272
Resistance: 1280 / 1282
Pound may enhance by British unemployment rate release after Euro market opened, thus I recommend do long position for GBPUSD.
In H1 chart we can see GBPUSD is experiencing a consolidate triangle pattern during these days, and also try to breakout 1.3119 for expending 5 trading days, moreover, the more the challenge...
As we can see, gold suffering downward pressure for 3 days and probably demand to test 1280 support level.
In daily trading, gold sustain weakness in Asia market, thus that will be hard to find nice price to short gold, in addition, we can observe 1286 level for short limit and 1280 breakout to short it...
Oil seems demand to have correction because of close below $64 last week, thus there would reveal downward pressure today.
Therefore, around at 63.70 and reversal horizon will be a good situation to short oil.
Once if oil breakdown 63.11, the correction will target to 62.77 or more.
Support: 62.77 /...
GBPUSD rising hardly in Euro market and break trend-line pressure with little retracement. As we can see, it is fourth time to test resistance at 1.3120, if GBPUSD can breakout the line may have huge momentum to push up.
Therefore, we should better consider long Pound in US market, the price around 1.3100 will be a...
Gold reveal weakness due to mass downward and break uptrend-line yesterday.
Asia market retest 1290 and have little rebounce to 1294, it give us a chance to short gold before Euro market open, however, the best condition is that gold stop and continue to drop at 1294~1295.
Once gold rise above 1296 it's not in a...
Oil got pressure of close-out position and retrace to 63.31 yesterday, moreover, it can be seem as a fluctuation of uptrend in following days.
In last trading day of the week, oil may decide whether it close the week above 63.12 or not, if oil maintain above 63.12 after market closed, it will be a negative signal to...
Pound had try 3 times to challenge 1.3120 resistance level, however it cannot have enough strength to breakout.
Due to the performance of Asia market, GBPUSD still had pressure around recent high, so we should consider short GBPUSD and keep SL above high.
Support:1.3030 / 1.3054
Resistance: 1.3120 / 1.3148
Oil reveal lack of power to push up above 64.80 yesterday, then as we can see, oil try to break resistance area for 2 times but fail.
Therefore, I recommend short oil for anticipating downward below 64.00, moreover, any rebounce happening during euro market will be a opportunity to short.
Warning 64.45~64.50 to...
ECB is about to reveal interest determination and present recent economic condition.
In todays' trend, Euro maintain high position around high of yesterday, moreover, ECB is the most important influences to Euro.
Whether EURUSD can create new high or stand above 1.1300, it should not downward below 1.1256, which...
Gold stiil in uptrend pattern and complete second confirmation in Asia market, therefore, we should better long gold for sure.
1307 as relative resistance that give preesure to gold yesterday, if once 1307 can breakout then 1312 will be soon to see.
In another way, 1300 level will be a cirtical level to uptrend to...
Dun know why publish private ideas today...So sorry to u guys.
CAD strongly shows downward pressure and damage long side yesterday, however, we should better follow the trend just coming.
Its obviously, 1.33 level is relative pivot price to USDCAD, if once breakdown the 1.33 may downward to 1.32 or more.
Oil rose hardly and maintain strong momentum to goal $65, however, it is not easy to break 65 level for first time.
As we can observe, oil try to challenge new high, which is around at resistance area close to $65. Euro market can't have enough power to conquer the pressure, but it still have chance in US market, so...
Will gold soaring tonight to 1312?
Gold got second confirm for construct short-term bottom at 1296~97 recent days, even though the resistance area is around.
However, we should have confidence on long side to gold, if once gold maintain 1300 level, it would get opportunity to rising more.
As long as 1303 can...