GOLD Price as seen on H4 Chart tested MA100 Support , and reacted. It was important the GOLD price to close above 1250 USD for Bullish trend. First target level for GOLD is 1264 USD where two FIBO retracement lines are waiting as a resistance. Break out of 1264 will confirm us 1275.
As published 23rd May , CRUDE OIL moved from FIBO retracemend towards 52.00 USD levels. 51.60 was the first resistance and price is above the resistance. 51.90 and 52.30 levels are the targets for CRUDE OIL. Break out of 52.30 will carry the price 53.10. Good Luck 20 hours ago Trade active: CRUDE turned up from first Fibo as predicted. Target levels...
As estimated and published on Sunday's CRUDE idea, Price tested FIBO resistance @51.30 and rebounded. 50.60 and 50.10 are the possible pullback levels. I will add additinonal LONG order at those pull back levels. Good Luck
My yesterday SIGNAL which I published in my paid signal group was short and the target was 144.100 . During the Asia session of today we have reached the target and the price moved up to 144.400 It is very clear that the retracement of the upside movement is on action. 143.400 seems to be reached. FIBO 61.80 of this movement is 143.200 . Then I will enter LONG...
AS I published in my previous ( SUNDAY ) idea , 1263 USD on GOLD tested again. According to my system 1274 AND 1280 are confirmed. If the GOLD prices make daily closings above 1252 , 1290 will be tested . Formation will be completed at 1412 USD . I will share updates in my web and here . Good Luck
XAUUSD GOLD Trading Idea : As I published in my GOLD trading articles , I entered LONG trade from 1222 USD . We hit the GOLD targets one by one and price rebounded from FIBO retracement 76.40 @ 1263.40 to 1243 USD ( Fibo retracement support 50.00 of the movement started on April 17th ) 1243 was the strong support ( which was a resistance last week ) for...
As I mentioned in my article published on May 6th on my blog " DXY, EURUSD. WTI CORRELATION " , I predicted EURUSD to reach 1.10-1.12 levels. EUR/USD resumed higher in the past week to gain 2.5% which was the largest weekly advance since February 2016. The pair pushed to seven-month highs despite last week’s bearish engulfing weekly print and has advanced in five...
As you know we entered the LONG trade on Crude Oil at 46.20 . We have set up our targets and the Crude Oil price closed the week @ 50.80 . 50.78 was our TARGET 3 and it was a good trade. But it's not finished yet. As you will see in my previous WTI Crude Oil trading idea , we set up the target at 53-54 USD levels. WTI CRUDE OIL H4 CHART : Possible...
As I mentioned on the trade signal published in my web, due to RSI's OVERSOLD setup and Fibo Supports we entered the LONG trade @1223. And we hit the first target @1230. GOLD Daily Chart the priced closed above MA100 which acts as a support now. Touched FIBO resistance at 1232 and closed @ 1228. 1232-1234 is an important resistance for GOLD price to continue...
Triggered by USD Weakness , USDJPY could not break out Fibo Resistance @111.500 USDJPY will test again 110.300 and if the price could break this support the next level will be 109.500.
Fibo retracement 61.80 @143.200 worked and the price touched FIBO 76.40 @ 144.50 Target will be 145.080 and 145.500
110.450 Fibo Retracement H4 Break out of 110.450 will carry the price 110 and 109.500 I will set up a LONG order at 109.500 SL 107.900 TARGET 111.900 AND 112.400
Price will make a choice and then we will know the direction to trade. Mid term : USDJPY .. I see a LONG opportunity targeting 115.000 But where to enter to trade ? First of all I must say pullback till 111.680 is possible. H1 Chart : USDJPY price is testing the FIBO reatracemrn %50 113.15 , then the 61.8 level 112.93. This level is an important important...
GBPUSD Trade Idea and overview for week May 15-19 : On the first GBPUSD H4 chart we can see that GBPUSD has completed 2 Bullish XABCD psttern back to back. Atfer first pattern completed price moved +130 pips. As seen on the above GBPUSD H1 Chart Cable price is above MA20 and Fibo support 76.40 . After BOE statement on Thursday, Cable is about the decide to its...
Our Crude Oil Trade idea is not changed. We added LONG positions to our account @46.20 . As I mentioned before H4 bar closings abobe 46.80 would confirm us the upside move. And so it did. When we look at the CRUDE OIL h1 Chart : Crude Oil price closed the week above MA50 MA100 . .Possible intraday pullback levels are 47.50 and 47.20. According to H4...
POSSIBLE PULLBACK LEVELS 145.700 145.300 144.500 PULLBACKS ARE BUY OPPORTUNITY TARGET 1 146.500 TARGET 2 147.200 FORMATION WILL BE COMPLETED 148.500
Regularly the correlations among DXY EURUSD and WTI prices are as when DXY declines EURUSD and WTI prices moves up. There are times this correlation collapse or reverse. Trying to predict the oil prices , we see that last 3 month the reverse correlation takes action. I dont expect a big upside move on USOIL this week. But midterm prediction is to test the 55 USD...