USOIL Oil presented unexpectedly strong momentum to create new high, and it may challenge $63 in following days. With no doubt, we should keep find opportunities to long oil, therefore, first place will be around at 61.51, which is US market pivot point. Support:61.04 / 61.51 / Resistance: 61.91 / 62.44
GBPUSD Pound hold 1.300 level and didn't break critical pivot point as I mentioned last trading day. In daily view, GBPUSD may struggle between 1.31~1.30 today, thus it still got support at 1.30 ,also Asia market recheck, so we can long pound for anticipating it rise to resistance area. Support: 1.2965 / 1.3008 Resistance: 1.3086~1.31
USOIL Oil close relative high position in the end of March, thus it is continuing strong for 3 months and may have wash-dish pattern in the beginning of April. Although, $60 level is critical mental pivot point to market, so once oil can stand above 60.00 the uptrend will go challenge $61. In daily trade, we should more careful about the pressure besides...
GBPUSD Pound reveal weakness and breakdown the treanline in Euro market, thus it probably downward to test 1.30 level is reliable strong or not. In last trading day of week, I recommend stay on short side to GBPUSD, unless pound can recover losses made by Euro market. Short pound right now target 1.2965, moreover, 1.3000 level need to be break. Support: ...
USDJPY Yen got downward channel pattern recent days, however, it can be seem as a recharge status. So, I recommend to long USDJPY for anticipating soaring to resistance area and breakout to 110.70. Support: 110.06 / 110.20 Resistance: 110.44 / 110.70
XAUUSD Gold experiences mass downward pressure after reached resistance area I mentioned in previous idea. In daily trading, Gold continuing to create new low and breakdown the trendline, thus it is a negative signal to gold for testing 1300 level. I recommended short gold around at 1307 and target to 1302~1300. Support:1302 / 1298 Resistance:1307 / 1309
EURUSD Euro had been weakness after FED speech, and it is almost near 1.12 level again. Depend on Euro downtrend pattern, it probably got bounce opportunity today, thus Asia market retest 1.1243 gave market positive signal for long. In today's view, I consider to try long position around at 1.1250 and defense at 1.1230, if once Euro mkt can hold on 1.1240...
GBPUSD Pound had consolidate around 1.3250~1.3160 about 2 trading days, obviously markets are waiting for the Brexit vote. Therefore, it would be more volatile in Wednesday and may have huge profitability and riskiness. In my opinion, I consider GBPUSD will downward to test 1.31 level again, in addition, 1.3250 is the relative pivot point for uptrend. For...
USOIL Oil got triple confirmation at 58.28 for construct short-term bottom, however, 59.64 is relative resistance to oil and may cause retracement in US market. Even though oil is near the resistance level, oil still have strong momentum to challenge $60. In this situation, I recommend long at 59.33 when oil retrace with small volatility or long in the...
XAUUSD As I mentioned yesterday, 1321~1323 is very important resistance area that you can't miss it. Therefore, gold stress by long position offset and pullback to 1314 after Euro market open. In US market's view, if u didn't short gold last trading day, try short it around at 1317 for targeting to 1314~1311. Support: 1311 / 1314 Resistance: 1317 / 1320
EURUSD Euro got small reverse head-and-shoulder pattern in H1, thus it may have chance to bounce to 1.3340~1.3350. Without detailing the structure, the 1.33000 price level will be a critical position for long position. Two strategy for Euro: First, waiting retrace near 1.3300 to long. Second, short at 1.3345 for catching the pressure release. Support:...
USOIL Oil break short-term uptrend-line last trading day, however, it got short-term bottom in Asia market and try to recover losses. Although, oil reveal strong momentum to push up but it still have one concern: 59.15 can stand on or not? If oil can rise above 59.15 then it probably challenge downtrend-line or 59.60 more. Therefore, once if oil cant...
XAUUSD Gold closed in a relative strong position around at 1312 last week, then is obviously gold didnt want to breakdown 1310 as second confirmation in Asia market today. In US market overview, gold may continue to challeng 1320 high and the resistance around at 1321~1323, therefore, we should better long gold at 1314 for catching uptrend opportunity as if...
USOIL Oil seems demand to restructure for uptrend by pressuring above $60. In today's view, oil breakdown the low of Thursday in Euro market, thus, it gave us a signal for short position. However, oil may have opportunity to bounce to test if $60 is really a resistance or not. There are two strategies we can consider: 1.Long oil right now for catching...
GBPUSD British pound experienced mass downward pressure recent days, however, pound hold 1.3000 level, relevant trend pivot level, and got quickly renounce to 1.31. In today's view, pound may need second downward to check if 1.31/1.30 is really supportive or not, moreover, the bounce of Asia mkt indicates high probability of retrace in Euro market. Therefore,...
XAUUSD Gold reached almost 1321 as our short target yesterday in previous analysis. There was a bad pattern to gold in last Asia and Euro market, so that's why gold had harsh retrace to cover FED gain. In today's view, gold had support in Asia market and would try to pullback to 1314 at least, thus, we may waiting to short at 1314 or in reversal horizon. In...
XAUUSD Gold got powerful momentum to maintain above 1300 and boost to 1318 during FED announcement. Obviously, we should more careful about how to trade gold today, moreover, Asia market keep push up to weekly new high, then there will be a retracement by this kind of uptrend pattern. So, the best strategy is to do long first and may have short opportunity in...
XAUUSD FOMC is coming!! Will it give DXY opportunity to strive up? Or more downward pressure? In dailyview, gold experienced 3 days uptrend and stopped near 1311 resistance, relative pivot point for uptrend, then shakeout around 1307~1300 early market. By trying to move up more for several trading days, gold seems lack some importance factor to keep pushing...