MULTIDIMENSIONALTRADER

MULTIDIMENSIONALTRADER

We are expecting EURUSD to reach 1.1700 and find resistance at the level before continuing the downtrend within the descending channel. DXY is going up within an ascending channel and we are expecting some retracement to 93.400 zone before continuing the uptrend within the ascending channel.

MULTIDIMENSIONALTRADER

We are expecting GBPUSD to reach 1.3600 and find resistance at the level before continuing the downtrend within the descending channel. DXY is going up within an ascending channel and we are expecting some retracement to 93.400 zone before continuing the uptrend within the ascending channel.

MULTIDIMENSIONALTRADER

EURJPY is in a descending channel and the price is at a discount level for a small retracement. If the price drops below 128.269 it is likely to drop further to take out liquidity below. Watch the descending trend line. A bounce from here could result in a retest of the descending channel trend line (blue).

MULTIDIMENSIONALTRADER

On our previous Gold outlook, we highlighted 1724 as the target gold has hit 1724. Gold is clearly bearish now however we could see a retracement to 1740-50 area before another drop. Looking for 1707 and 1675 levels next.

MULTIDIMENSIONALTRADER

As stated in our earlier post over the weekend that we are expecting Gold to retrace to 1780 Zone before dropping. We have highlighted two zones where we could see reverse from. 1780-1783 or 1787-1790. Break above 1833 will negate our bearish outlook. Please refer to our previous analysis. Please hit the like button if you find the analysis helpful.

MULTIDIMENSIONALTRADER

GBPJPY closed bearish last week. We will be looking to take shorts from 151.460 level targeting 149.888 - 149.804 zone.

MULTIDIMENSIONALTRADER

Dollar is moving up in an ascending channel. We could also be forming a Head & Shoulders pattern however if we take out the 93.732 level this will negate the Head & Shoulders pattern. If the Head & Shoulders pattern plays out we are looking at price dropping to 91.275-90.567 zone.

MULTIDIMENSIONALTRADER

MN CHART We are starting with the MN chart and looking at some long term levels. Currently, MN chart is bearish. SEP Close blow 1768 will keep the bias bearish with the potential of a bounce from the 1734 area. SEP Close below 1705 will indicate strong bearish momentum and we will be targeting 1633 and below WEEKLY CHART This week we are looking for a third red...

MULTIDIMENSIONALTRADER

On our previous post we noted that if we break below 1780 the bullish outlook will be negated. Gold has now broken below 1780 and has tested 1750 zone. We can now expect some retracement to 1770 - 1780 zone before continuation of the down trend. 1723 & 1680 are targets below.

MULTIDIMENSIONALTRADER

In our previous post, we highlighted that the 1780 zone is likely to act as support and the break below will strengthen the bearish outlook. We all highlighted 1808 and 1821 levels to the upside. Price has been rangebound and found support at 1780 and now tested 1808. For Gold to choose a direction we either need a break below 1780 or above 1833, until then...

MULTIDIMENSIONALTRADER

Expecting DXY to push up this week which will result in AUDUSD to drop.

MULTIDIMENSIONALTRADER

Looking to go short on NZDCAD, looking for the break of the trendline before taking a short position.

MULTIDIMENSIONALTRADER

Expecting DXY to push up this week which will result in GBPUSD dropping.

MULTIDIMENSIONALTRADER

Expecting DXY to push up this week which will result in EURUSD to drop.

MULTIDIMENSIONALTRADER

Looking to see how Gold behaves in the next few days. D1 close below 1780 will strengthen the bullish outlook. It’s also possible we could see a retracement before the drop. Watch 1805-1820 levels for rejection. Looking to go short, if we drop below 1780 and upon retest will take a short position. If we push above 1800 we will still be looking to take a short...

MULTIDIMENSIONALTRADER

Gold broke down out of the ascending channel today and failed to push above 1833. The chart is looking bearish now however there is still a strong possibility of price reaching for 1838-1852 as highlighted in our previous posts. 1810 Zone is now key, price needs to push above 1810 if Gold is to resume its bullish move. Drop and close below 1875 will open up...

MULTIDIMENSIONALTRADER

NZDJPY has broken below the trendline and is looking bearish. Take this trade with caution as the MN chart is currently looking bullish.

MULTIDIMENSIONALTRADER

CADCHF is at an optimal sell zone. We should get a retrecement from the current zone.