Mihai_Iacob

Mihai_Iacob

As I said yesterday, I expect a deep correction in Gold price. This happened very violently and after Gold entered under important 1980 support dropped like a stone 500 pips to 1930. Now the price is in a normal upwards correction and I expect a new leg down when this is finished My interest zone is 1960-1965 where I expect bears to enter the market. Sell rallies...

Mihai_Iacob

Yesterday EurUsd broke above consolidation and 1.19 resistance. The rally should continue for this pair and we can see 1.2 this week. 1.19 is now support and it should be bought

Mihai_Iacob

In Yesterday's comment, I've written that Gold could rise towards 2020 resistance. Although this resistance wasn't touched the price was close to it. Sellers came into the market and the price dropped aggressively. Only around 1980 support bulls managed to gain control and to push the price higher and above 2k important figure. But, with price at 1988 at the time...

Mihai_Iacob

After breaking the head and shoulders formation, AudCad comes to confirm the broken neck line support as new resistance. I prefer sell trades as long as the price is under this resistance. Short term target can be 0.9450

Mihai_Iacob

After reaching 140 zone for the second time in the past 2 months, GbpJpy rolled back and is trading under 139 at the time of writing. I expect this resistance to be strong and for the pair to drop to 136.50 in the medium term. In my opinion, rallies should be sold and only a daily close above 140.50 would change this outlook

Mihai_Iacob

Gold had an excellent day yesterday with the price rising more than 400 pips. As expected, after the break of the flag pattern Gold accelerated its gains and also broke above 1980 resistance. A small correction can occur from this price and dips around 1980 should be bought. Next resistance is 2020 and I expect this to be reached this week

Mihai_Iacob

EurUsd is trading in a range for 3 weeks now. The pair is currently close to the top of the range presenting a good selling opportunity I'm looking to sell this pair

Mihai_Iacob

Glod price is trading in a flag formation. Usually, frags are continuation patterns and I expect for gold to reach 1980 resistance one the price occurs.

Mihai_Iacob

NzdUsd is in a clear short term downtrend and the pair looks like "it wants"to break support. In my opinion, rallies should be sold

Mihai_Iacob

As I ve expected, AudUsd rebounded from 0.7080-0.7100 support. The pair is trading now in short term resistance and we can assist to a new leg down towards 0.7 zone. At least a medium-term top is in place as long as the pair stays under 0.72 and rallies should be sold

Mihai_Iacob

Yesterday Gold has been traded in an already familiar range between 1960 and 1980. Once the price reached 1960 support, bulls came into the market strong and elevate the price quickly. As said in my weekend analysis from the technical point of view gold is contained in an ascending triangle which gives me reason to believe that the price will continue higher. The...

Mihai_Iacob

Last week, UsdCad found a clear bottom just above 1.33 zone. Thursday is marked with a big bullish engulfing in this zone and the bulls have upper hand in this moment. In my opinion, dips should be bought with a first target at 1.35

Mihai_Iacob

On Friday, UsdJpy had a spectacular reversal with a rise of almost 200 pips. This puts in a BIG bullish engulfing on our daily chart and gives us reason to believe that 104 is bottom. Now the pair is trading close to 106 resistance and a correction is normal from here. Buy dips is my strategy for this pair and I expect 105 to be a strong bid zone. A break above...

Mihai_Iacob

Friday was a "selling"day for NzdUsd with the pair dropping hard and "negating" 8 days of trading. Now the pair is sitting on confluence support given by the trend line and horizontal support and a break here would expose 0.64 important support. As in our short term analysis, rallies should be sold and from a swing trade perspective we can have a GREAT R:R of 1:3

Mihai_Iacob

NzdUsd was traded in a range all week, with a clear base at 0.6620 and a top at 0.67. A short spike above resistance occurred on Thursday which proved to be a false break and the pair reversed aggressively after that just to finish the week in 0.6625 support and also the low of the week. I believe that NzdUsd fount at least a medium-term top and rallies should be...

Mihai_Iacob

Gold had a spectacular week, on Monday morning price reaching 1980 just to dive 700 pips in the next 6 hours. Volatility continued through the week with price having enormous ranges over the trading days, but with bulls maintaining control and putting in higher hights every tine which led to an ascending triangle formation with a clear resistance at 1980. I expect...

Mihai_Iacob

WTI Oil dropped yesterday under 41 zone support just to find support in 39 zone old support. The price is correction upwards now and my bearish scenario remains intact as long as the price doesn't go back above 41. Prices near 41 should be sold with a target of at least 39

Mihai_Iacob

My prediction from yesterday paid off and, after it broke the falling wedge, UsdCad reached my 1.3450 target. Now the pair in correcting/consolidating and I expect a new leg up to at least 1.35 Dips should be bought and the red square is my area of interest