From daily chart, it may seems like bearish signs candle is forming. 1 hr and 4hr yet to see bearish candle. I believed it will come by tomorrow:)
It went to 1960, even over 500 pips ! That’s insane~
What your thoughts on gold… possibly long. Looks like USD is down and Xau not yet reaching the peak.
From GBPAUD analysis, i can see double top forming from weekly chart.
AS FOLLOWS PER previous ideas. Multiple rejections at upside.
LET’s go, exactly what I pictured. Multiple rejection!
From previous high, i shows rejections after rejections. We could see a huge drop to 101 at least.
Pairs should see a distinct pullback soon! I expect the wave to complete to at least point C using Elliot waves. If the US economy show further signs of fasts yields can rise and that can blemishes the JPY further. We’ll then see a bearish /big drop for CADJPY.
Let’s go, CADJPY trade active! As shown from previous idea, CADJPY will be testing the support zone!
CADJPY) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend!
For now, it already hits the horizontal resistance. We starts to see bulls trying to be the momentum going, however due to overall market outlook analysis we could see CADJPY preparing for huge drop short! Next week, CADJPY going to retest the support. We’ll be seeing a few rejection around 105+ before it reaches to 103 at least. Keep in mind that next week...
From my POV, CADJPY will be testing the bottom support! I expecting a bearish position. With the price hitting the resistance, eventually will reject a couple of times. The price is definitely going down and hitting the support. From the daily analysis, it’s bearish.
Long-term play We could see a big sell, currently we could see a few resistance. The bulls are getting tired, short long term swing strategy. Towards tp: 158 first
In order for Gold to reach 2000, it will need to short at least to 1830. Thus, based on my analysis on gold. I deduced that the GOLD will be short till end of June. Please note trade at your own risk and all these are educational purposes.
Pullback was rather bullish to keep it to pivot 1900 at least. Next week, we’ll be seeing GOLD continues downtrend to least TP 1882. Till then, we have to wait to see the news for further bullish TP 1950.
Setup of short I believe it will short till 1830 a few weeks before it continue to rise up to 1950+