Gold may continue to correct on Monday and Tuesday until 0.5 or 0.618 levels and give mid week reversal later. In 1730 area lies a promising chance for this bullish trend to continue. My overall TP is the supply zone of approx. 1795-1803. From there we will see... Below 1700 I will revise my view.
Hello traders. Gold finally breakout from the consolidation box. It may give a drop from this level due to former August resistance, but if we take into account the general status, dollar is weak. So, every dip will be a nice opportunity for long entry. My target is the Fib extension level (Starting point 1617) - level of 1.414 close to 1880 area. There are...
Short term view on gold due to USD Consumer confidence news is pushing the dollar higher - yesterday data.
GBPAUD is getting ready for sell. It has started showing weakness to continue up andmy target is the ascending trendline.
GBPNZD bearish bias in my point of view. Lets see what the starting of the week is going to give us.
Gold had finally retraced to 172x area giving strong rejection and recovery. The first entry has initiated giving nice pips. However, I see tha last bullish candles without steam. I think that the price will retrace again to even 1737 area and then rally up, or approximately to 1727 area and boom! If the price close below 1700, this will ne be valid anymore.
USDCAD inside a channel pointing down. Price is coming from a strong sipply level. with neutral-good Cad news - negative USD, this pair is good for entrering short at the corrections.
GBPUSD long from support+bullish trendline. Different scenarios depiction. Two trendlines keep the price to form HL and HH. The pair is bullish in general due to bounce back up from recnt multiyear lows in conjuction with weaker dollar. Price breakout last week is awaiting for support. It may back straight up and correct later but anyhow the general point...
EURUSD possible short continuation. Caution cue to NFP week... High Volatility incoming - it may test the recent highs.
Hello traders. Bad news from Japan pushed price higher for retest. I am short on this round noumber aiming two different TP areas. I see that the trendline is steep which means it may be broken more easily, but this pair's trend has been pointing down.
Cadjpy has broken structure heading lower. Already retested and trade active!
Hello traders. My view for USDCAD in weekly TF analysis.
USDJPY is inside a falling channel. TDI has shifted to bullish and I am expecting a correction in the resistance area which is in confluence with the bearish trendline. I would consider that a good entry for short trade with a close target of 50% Fib level and an overall the big demand zone shown in the chart.
GBPCAD is inside weekly supply zone and is facing the selling pressure of the blue trendline. Also, by red line SH- SL Fib retracement levels, the price is at 0.618 which may push price lower.
A triangle has been formed based on the 2 different trendlines. Price has rejected the bearish one but with NZD strength forecast for the next days and USD jobless claims which will probably be negative, this pair it can either break the rrsistance and continue up or retest the previous support and buy.
Video analysis explaining eurcad possible moves. Buying areas of interesr in case of pullbacks.
Opinion for USDCAD. I was waiting to go in the light blue area to bounce back down but it may start selling from here.
AUDUSD has made a fakeout above the resistance zone but soon it turned back bouncing from the bearish trendline pointed out by the red arrow in circle. So, I am fan of the idea that it will retrace approximately to 0.5 Fibonacci level of the recently uptrend and give a good buy opportunity. Otherwise, in case of a visit to the the resitance area there is the...