Thebe101

Thebe101

Gold has been trading above the bullish trend line for most of the last 3 years or so and it has been staying clear of the support at 1240. With that, could we see XAU trade towards the 1300 zone again? more so with the the possible bearish move of the DXY index. Any thoughts?

Thebe101

Possible bullish move if the market breaks through the bear trend line; on the other hand, the bearish trend may prevail. Waiting to see what will happen when the market tests the trend line again.

Thebe101

We could see a retest of the bearish trendline within the next week. This will be followed by upper highs towards the 132.00/133.00 zone. Let's see how it goes.

Thebe101

Let's see how this plays out.

Thebe101

Here are my thoughts on the DXY.

Thebe101

This is going to be very interesting for the Sterling. If the pound miraculously finds the edge to break through the bearish trend dating back to August 2014, we could be looking at a strong rise for the Sterling. However, that won't be easy. One possibility that seems a bit more likely, is the market will bounce off the above mentioned trend and continue in the...

Thebe101

The Euro had a strong bullish trend during the last trading week and it is yet to drop. It continuously shows signs of a bearish trend, lets wait and see how to goes.

Thebe101

Possible long and shot positions for EURUSD. For further insight into the longer running trend, view the daily chart.

Thebe101

Looks like we have a classic Head & shoulders forming up.

Thebe101

GBP has been in a bullish trend for a while now and hopefully it'll respect that trend line and continue in an upward trend.

Thebe101

As we can see EURJPY broke through the trend line that dates back to May 2017 and this occurred on the 26th of October in direct relation to the Catalan Crisis. There is the likelihood that we'll see it touch 130 then possibly 127.

Thebe101

WIth the EURO suffering tremendously due to the Catalonia news in Spain, we should see it continue to move in the bearish trend that started back in September. This provides opportunities to bag as much as 1000pips+ during the next two weeks.

Thebe101

Is it me or is USDJPY stuck in a resistance zone? Can we see it hitting it hitting 114.40? and XAUUSD is setting up to go Bullish. Could these mean that we have a weak Dollar in our midst?

Thebe101

Let's hope this works out.

Thebe101

XAUUSD back at it again! Here's a possible play out for XAUUSD as we await it to break the trend line anywhere between 1280 and 1278. This will likely result in a bull in a bullish movement that will touch a future resistance of 1290. Hopefully well be looking at a growth of 300pips+ within the next 24hours

Thebe101

Here is a possible bullish play for USDZAR, we're currently waiting on US News in a few moments that could potentially result in a strong week for the USD. Hopefully there'll be a happy ending for USDZAR today.

Thebe101

Gold Spot seems to be showing signs of a bearish trend which will move down to the support at 1260.32. We're currently awaiting the market to return to 1275.00 where it will touch the trend line and continue in the bearish trend as shown. This will result in about 500pips+. Let me know what you think. thanks

Thebe101

A possible play out for this week with USDJPY closing in bearish on Friday, giving it a chance to continue the short term bearish trend to hit the long term trend line at 113.4 thus bouncing off the trend line to create a short term Buy trade. Let me know what you think. Thanks