USDJPY- Price is facing downwards since it breaks out the upward trend on 10th March. UJ is under the ichimuko cloud and 200 SMA + 50 SMA , confirming bearish trend. Falling Price is seeking support. Price may find support at 130.000 and below that 128.000 is potential target in medium term. Do comment on the idea and odds
Gold: Friday 3rd, NFP announcement: Price broke the trendline at 1912 and fell down enormously. This level 1912 is currently act as a resistance. Breaking of this resistance will expose the 1930 and 1958-1960 (Feb 2nd high). Price is above 200 DMA(1775) and 50 DMA (1872). On Daily and 1H chart, Price is above the ICHIMUKO cloud suggesting the bullish...
USDJPY - Price breakdown of the immediate upward facing trendline. Expecting price to go down as per charts identified levels. What is your view?
Gold Price is moving higher after crossing the 1830 (Trendline Breakout Level) and 1845 (20 DMA) barricades . Immediate targets should be 1965-67 (50 DMA ) and 1870 (14 Feb high). Crossing of these level may expose 1900 psychological level in sight. As of current 50 SMA is at 1827 (4H chart) may provide immediate support to the price. As per trendlines TL 2...
I was of the idea that Gold touch 1842-1844 today. But unfortunately price didn't activate my sell limits. The Gold made a breakout of downward trend @ 1830 yesterday. But since the breakout, price is staying weak. Steady long movement of candles is slammed by Big large down candles. Price didn't dare to cross Ichimuko cloud (in 4H TF). Interest rate hiked ...
Gold price made a upward movement on Tuesday US Session. It was in line with my correction expectation as per last idea shared. However the price is testing the downward facing trendline around 1830-1833. Moreover, Price is under ICHIMUKO cloud in 4H chart which likely to act as resistance. I expect Gold price to continue its falling journey amid interest...
CADJPY : With Canadian Dollar Announcements today. Looking for above 2 scenarios. I think CAD will get stronger after announcement. Plus Rising oil, prices , interest rate differential will favor the CAD and Bad for JPY. Charts explains the rest. Do comment on the idea and odds
USDCAD is staying bullish. After the breakout of the downward trend, Price is moving in a rising channel (Wedge). We saw the price breaking up the wedge. Price may see some correction and likely to continue its trend. What do u think about the idea, do share in comments
EURUSD Successfully moved as per our previous idea on the pair. Now it has broken the falling wedge. Chart explains. Do comment how do u think about it Regards
Hello Folks. Gold is trending downwards. No doubt in that. Lower lows over lower lows. Under Ichimoku cloud (4H TF). MACD Histogram all red bars. I think for now Gold might breath upon these Crucial levels (1800-1808) before any further movement. Retracement i am saying. Lets also look upon the Dxy which is on roller coaster. FED affirms Interest rates hikes...
We saw GJ falling of the rising wedge. It continued the upward direction after the BOJ new governor "Un-Impressive speech" . I think GJ will test the resistance and fall back. JPY is currently fundamentally driven and like the Gold , it has not pivot the upcoming interest rate hikes. Interest rate differential is driving the JPY pairs. Any Murmuring on the...
Gold : Gold is trending downwards travelling in a downwards channel. in 4H graph it is under the ICHIMOKU cloud which shows negative trend prevails. But along with this it has developed a upward trendline. Now Gold is moving in the symmetrical triangle. Which usually burst at one side. on fundamental end. Today is FOMC members meeting. USD will effect upon the...
GBP showed gigantic strength after release of upbeat PMI data. Yet , GBP pairs Reached resistances of some currencies. I think the rally will exhaust after some time RBNZ , NZD expected to increase its interest rate within a few hours. 50 BPS is expected to be announced by RBNZ. I am expecting NZD getting strength in near term. Do comment on the idea and odds
EURCAD breaks the Support. Likely to go down from resistance as per charts
GBPJPY- Possibilities. USDJPY will be the guideline for further GJ move. I am expecting interest rate differential will play its part as BOJ new governor favors the continuation of previous monetary policies. For BOE Quoting: "More rate rises are likely to come, but there is a widespread belief that these may end by the middle of the year. The Bank will be keen...
EURUSD - Price left the channel down. Friday later half sees some recovery/correction. I expect price will follow the new trend downwards. Exit on breaking of downward Trendline. Cheers
USD strengthening after the strong NFP data. Strong labor data, good retail sales all fueling the FED guys to plan next policy tightening without any rescission fears. Technically USDCAD highly probable to enjoy the breakout rejoice. DXY direction is north. Rest charts explains the possible scenario. Do comment on idea and odds. Happy trading!
Gold is on course of decline after last US NFP. The Friday Price massacre shifted the whole momentum. Gold has still to face the wrath of March-June interest rate hikes. I am expecting further meltdown of gold prices. 1800 is immediate in sight. Further price will peek 17xx house with 1755 potential goal. Market shift if 1872-1875 the Flag breakout price is...