XAUUSD in a technical point of view is currently in an accumulating phase after a sharp down move in its correction recently. The RSI and also Stochastic deliver us a positive divergence at H120 TF. The C leg in primary degree is also formed, so that the price action is just now expected to lead higher to break the $1,467.xx level, then from...
Hello fellow traders,
After almost reached the previous peak at 1.2990, GBPUSD lost its further upward momentum and it is now heading south. In my technical point of view, it will be corrected now to a lower price level zone at around 1.27200 in a short term.
For a short term trading, it is good to put a sell stop at 1.2890 with a stop loss above the previous...
Hi fellow traders,
Gold has been pushing down from its highs at around $1,560.xx USD/oz to the current lows at $1,459.17 USD/oz, and now it is heading upward to the near resistance zone at $1,505.xx-$1,507.xx (61.8% fibs retracement). From there, I expect there will be slowing with upward momentum. So if these price levels would be denied, then $ 1,450.xx USD/oz...
Last update for NZD/USD on March 27th, 2019 was a while ago and the target has been hit yesterday:
Currently NZD/USD is trading at around 0.6583 handle and probably the support zone for Kiwi has been founding here to end its C leg in minor degree flat...
Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA.
Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war...
Detected pattern in forming now and it is somewhere between a flat and triangle. Two scenarios for GBP/USD are as following:
1. Long GBP/USD at the current price level with stop loss below the recent lows at H4 TF. Tp at the upper trend line.
2. Looking for a short, if the current lows will be broken down. Tp@1.295x should be the considering end...
I am waiting for a breakout to get in, there is higher value area above to reach today at US trading session. It is good to long US30@26200.00; Tp and Sl are to see on the depicted chart.
Anyone is in buying or selling EUR/AUD at the moment? I prefer to keep waiting for a short EUR/AUD. Any further breakdown the lower support line, then short on the rally.
A up move scenario could be occurred and it will lead the price action higher to breakup the upper trend line, at that zone immediately resistance should be at around 1.1593x, short...
It has been a big down move for Kiwi in this earlier Asian trading session. I think it is now the way for NZD/USD to reach lower level at 0.657xx with very high probability, so that C leg in flat correction will be finished. So keep further shorting it.
Fundamental point of view there are some important news about #Brexit will be decided by the House of Commons, so there is volatility with Cable to expect.
Technical point of view any further move downside can lead he price action to a lower zone at around 1.31000 as support in the short term.
I prefer to short GBP/USD on rally...
It is impressive with GBP/USD recently, long and strong up move, hope you all catch the move, too. So for now I think the strong up move will be paused for some times with ups and downs scenarios, but zone to reach is probably at around 1.316xx in the coming month March.