GBP/USD retests broken the broken support area but failed to break upwards. This could be a S/R Flip trade and I expect a continuation of the downtrend. The best approach to trade GBP/USD is to keep selling the rallies and target 1.23 as short-term TP.
Previously, I said that more uptrend is possible if the short-term trend line resistance breaks. And as expected, the resistance broke and Gold reached 1760. Now, you can see that 1760 is a resistance level and so far, Gold Bulls have not been able to break it. So, a short-term sell trade is possible in Gold as long as 1760 doesn't break
USD/CHF in stuck in a tight range between 0.9530 and 0.9470. The best entry will be available when this range breaks. If USD/CHF breaks down below 0.9470 then we can sell and target 0.9370. However, if USD/CHF breaks 0.9530 and goes upwards, then buy entries may be possible.
EUR/USD is unable to break the resistance level near 1.1450. This area is a very strong resistance and so far sellers have managed to keep the price below the resistance level. EUR/USD may do some temporary pullback close to 1.13 but the it is very likely that bears will take the price below 1.10 in the next few days. So, the best trading plan is to keep...
Gold bulls have reached the Resistance area near 1745 once again. At this point, we need to wait and see how traders react at this area. If Gold bulls breaks 1745 easily, then the path of least resistance will be to the upside towards 1800. However, if bulls can't break the resistance at 1745, then we may see prices like 1720 and 1680 soon.
Looking at the price action in EUR/USD , it seems like bears are in full control of this pair now. So, how can you trade this and what are the possible entries? Sell Entries The best area to open sell will be at 1.1210 with target at 1.1030 provided price action shows bearishness.
GBP/USD Bears are in full control after they managed to break the key support level. Currently, the path of least resistance is to the downside as there are no meaningful supports here. The best trading plan is to wait for a pullback and then sell with targets of 1.21
AUD/USD has done a very strong rally over the last 3 months. But, it seems like a reversal has happened in AUD/USD. Repeated Failures to break the 0.7070 level has strengthened the bears. Looking at price action, the chance for a drop to 0.66 is increasing. So, the best trading plan would be to sell the rallies.
Gold bulls have reached the Resistance area near 1745 once again. At this point, we need to wait and see how traders react at this area. If Gold bulls breaks 1745 easily, then the path of least resistance will be to the upside towards 1800. However, if bulls can't break the resistance at 1745, then we may see prices like 1720 and 1680 soon.
Looking at the price action in EUR/USD, it seems like bears are in full control of this pair now. So, how can you trade this and what are the possible entries? Sell Entries The best area to open sell will be at 1.1210 with target at 1.1030 provided price action shows bearishness.
For more than a week, NZD/USD is in a pullback + consolidation phase. But, it looks like the pullback phase is about to end very soon. The direction of the next movement will be determined by trader's reaction at this key level. If bulls can defend the 0.64 level, then the next direction will be upwards towards 0.66.
In AUD/USD, Bulls and bears are engaged in a tough fight over taking control of this pair. Although Bears were able to push the price lower, then could not drop below the key 0.67 level. As the trend is still up, I expect Bulls to take control soon and push the price towards .7050 area.
For many days, Gold is consolidating in a small range. However, if the bulls are able to break the resistance line, then a bigger uptrend is possible. Gold bulls must break the 1730 level convincingly to move towards 1780-1800.
Yesterday, EUR/USD bears were able to take the price close to 1.12 but bears were unable to break this key level. So, sellers must be careful now. If EUR/USD doesn't drop below 1.12 then buyers can step in once again and take the price to the 1.14 Resistance level. Possible Buy Trade Signal Entry : 1.1210-1.1250 SL :1.1180 TP :1.1370
GBP/USD Bulls are back in the picture. I expect price to reach 1.2670 and 1.28 again. Buying the dips is the preferred plan.
USD/CAD Bulls reached 1.3650 but failed to break that level. It seems like sellers are controlling the price action in USD/CAD and I expect a drop to 1.34 very soon.
Gold is still in an uptrend and very soon at can break the 1745 Resistance. So, I prefer to buy Gold on Pullback between the 1660-1680 area.
EUR/USD bulls have failed to break the resistance last week. As a result, the sellers are back in command and the chances of a drop to 1.1100 is increasing. I prefer to sell the rallies and target 1.1100 as TP