Mandeep.Singh

Mandeep.Singh

Monthly $1200 has been an interesting area where price has fallen to over the last few months. Our EMAs have crossed over to the downside and this month may be closing above/blow the $1200 area. This could determine whether we reverse or continue to the downside - I favour downside. Weekly As price reacts around the $1200 level, we have seen a bullish...

Mandeep.Singh Updated 

Monthly We can see that sterling has been declining since the start of 2018 with multiple rejections at 1.4000. Last month we saw some indecision around 1.3250 but ultimately closing below this area. EMAs have also been breached and a crossover looks imminent going into August. Weekly The weekly has been an interesting time frame with long spikes to the...

Mandeep.Singh Updated 

Monthly We've had major cosnsistent rejections from $1350 per oz as price was clearly unable to breach this zone. Last month we saw price collapse below $1300 per oz and close below both our EMAs. Weekly Last week, we spiked at $1250 per oz holding as a key area of support. Our EMAs are firming facing downward and price this week is proving to be bearish with...

Mandeep.Singh

Monthly Price has clearly reversed from 136.00 with a large bearish engulfing candlestick during February. This took out 6 months worth of prior price action - a massive release of pressure after a long rally in 2017. Last month, price smashed through 128.00 monthly support and closed below both EMAs. As we approach the end of June, it's clear that we have...

Mandeep.Singh

Monthly Since sterling's bottom in October 2016, the pair has been steadily climbing to regain strength post the Brexit decision. We saw a final stalling point at the begging on 2018 with rejections of 1.4250 as well as inability to sustain above 1.4000. The April shooting star was followed by a strong bearish candle taking out 1.3500 as well as both EMAs. A...

Mandeep.Singh Updated 

Monthly From a monthly perspective, looking down at this market, we've seen a huge reversal come in to play since February of this year. A huge bearish engulfing took out nearly 4 and a half months of prior bullish price action. We closed very firmly below our EMAs which resulted in a monthly crossover the downside. Price naturally retested 150.00 as resistance...

Mandeep.Singh Updated 

Monthly We have seen continuous rejections of 1350 per oz over the prior 4 months with long spikes to the upside - clear selling pressure as price been unable to breach this zone. This month we have seen a close below 1300 per oz as well as a close below our 8 EMA. Weekly 2 weeks ago we saw a strong bearish candle form which took us below 1300 per oz firmly...

Mandeep.Singh Updated 

Monthly This pair has been climbing since the bottom during mid -2016. Recently at 136.00, we saw a huge bearish engulfing rejection which took out 6 months worth of prior price action. During March and April, we saw spinning top formations which retested 132.00 as resistance and now I believe we will continue to see further momentum to the downside. Weekly...

Mandeep.Singh Updated 

Monthly From a monthly perspective, we saw a strong bearish candle in April relieving us from 1.2400 and a major zone of consolidation. We had rejected this area 3 times and I believe we could be in for a reversal. Weekly We've had a recent EMA crossover to the downside for the first time in over a year. Multiple rejections off 1.2400 as well as strong...

Mandeep.Singh Updated 

Monthly Monthly perspective shows us a close above 1.4000. Although we have a long spike to the upside, on the lower TF this is a pullback. EMAs have also caught up to the price. Weekly Last week we saw a shooting star with the week prior breaking above 1.4000 and closing firmly. As mentioned above, this shooting star represents a pullback and EMAs are upward...

Mandeep.Singh

Monthly We saw a strong monthly bullish close after the EMA crossover in March. We did test 1.8500 but rejected this area with a spike. Weekly Last week a shooting star formed as a result of price pulling back after a bullish run. We were firmly supported by 1.8250 as a weekly area of resistance and I believe this week we will close stronger to the upside....

Mandeep.Singh

Monthly In the month of February, we witnessed a huge bearish engulfing candle that took out January as well as our 8 EMA. Momentum totally turned around; as we look at March, we can see a clear retest and rejection from 0.7750. I can see this pair in a further decline. Weekly 3 weeks ago, we saw a bearish engulfing take out both EMAs as well as 0.7750 as a...

Mandeep.Singh Updated 

Monthly After a long bullish climb from mid 2016, price has finally reacted at 136.00 and could potentially turn around to the downside. In February, we saw a strong bearish engulfing which took out 6 months of prior bullish price action. We also closed below our 8 EMA. Weekly After a few weeks of bearish activity, last week we saw price pullback to test...

Mandeep.Singh Updated 

Monthly This pair has gained significant strength over the last few months - we saw a strong bullish candle last month which closed above 1.4000 and tested 1.1450. This month we seen a retest of this area and potentially will close again above this zone. EMAs have crossed after a long time. Weekly EMAs are upward facing and holding price nicely as dynamic...

Mandeep.Singh Updated 

Monthly Last month we closed with a strong bullish candle which rebounded back above both EMAs and closed firmly beyond 1.7500. This month, depending on if our bias plays out, we should see further bullish activity. EMAs are also very close to crossing over for the first time since 2016. Weekly Last week's candle formed a rejection against 1.8000. This week,...

Mandeep.Singh Updated 

Monthly Strong bullish monthly close last month and this month so far, we have pulled back below 1.2400 and pulled back up to rejected this zone as support. Weekly Last week we saw an evening star formation - however, our 8 EMA as held price as a strong supportive area. Depending on how this week closes out, we may see a bullish engulfing. EMAs are upward...

Mandeep.Singh Updated 

Monthly Gold has started the year strong with a solid bullish close above $1300. We've tapped the weekly area of $1350 and have also violated the previous high. Weekly Last week we had a strong bullish close forming new highs - we closed above $1350 and this week we have a formed a long spike to the downside. If we continue to see bullish momentum - we will...

Mandeep.Singh Updated 

Monthly After a EMA crossover to the upside for the first time since 2014, we have seem strong bullish momentum behind this pair. This month we have successfully breached and closed above 2 key zones. Weekly Last week we had a strong closure above 1.4000 and this week, we could continue to see further momentum that may take out 1.4250. EMAs are upward facing....