From the technical side NZDUSD looks like it a good buy opportunity however dont enter yet. There is alot of Fundamentals coming in today and throughout the week . There will be a possible drop to the 71.200 level before any upward movement
GBPEUR is never my favorite pair however notice a strong support line below current market price. Entering any trades at this point is risk since there is alot of Fundemantals to come including ECB Zone and Sentiment , United Kingdom consumer confidence and nationalwide house pricing. Expect stop hunts to the red zone or possible trend breakouts
USDCAD is also sitting on a Strong Resistance. Its hard to predict direction of all currency pairs at this point due to alot of fundamentals coming this week
Notice the uptrend on XAU/USD. I highly predict a continuation in the trend , however be careful of possible Long pins downwards which will act as stop hunts towards the red zone before an upward movement to 1343.00 and 1349.00 Levels.
Notice a disjoint angle. We are not in the best of entry levels for either a Buy or Sell however i would go for a Short term Sell and a Long position after retesting that Support. Price could rise to the Pivot Point 111.697 before any movement downwards towards 111.430 region.
There is a very clear uptrend on the XAU , this can change anytime depending on Syria tensions. Im expecting Gold to be stable and continue to obey the up trend. XAU/USD could fall to 1344.76 before any upward movement.
Gold priced up to hit one weak peak as dollar fell to two week low. As a technical analyst there is strong probability of a downtrend however do not rule the possibility of a breakout due to no shortages of catalyst to send it higher. CPI Data will have a strong effect. www.facebook.com . We are expecting some massive profits from this one FX_IDC:XAUUSD
GBP took a slight knock on new release and with US Core CPI , it looks as if GBP/USD will be herding downwards. Use price levels provided for guide on where to place TP and SL.
