Levels are described in the chart Good Luck
XAUUSD can stay in the range of 1250 USD -1300 USD for a while. The US economy is growing and the expectation that inflation will be able to strengthen in 2018 is being negatively reflected in gold prices. GOLD prices may move towards 1254 and price range from $ 1250-1300 during the month . On the other hand, the gold position of the ETF, which holds gold in...
POSSIBLE “PREDICTED” PRICE ACTION: AUDUSD rally continues as DXY declines. Price is likely to test Fibonacci 88.60% and make a retracement. A Bearish pattern will be completed at 0.78400 – 0.78500 regions. TP and SL levels are described in the chart
PAIR: USDCAD CHART TIMEFRAME: H4 TREND ON THE CHART TIMEFRAME: BEARISH FACTS AND PATTERNS: Midterm Support – Bullish Shark Pattern CURRENT PRICE: 1.26480 POSSIBLE “PREDICTED” PRICE ACTION: USDCAD is likely to test 1.26200. This level is the midterm support. Bullish pattern will be completed at the same level. A correction is strongly possible. Levels as...
PAIR: GBPNZD CHART TIMEFRAME: H1 – H4 TREND ON THE CHART TIMEFRAME: BEARISH FACTS AND PATTERNS: Bullish Butterfly Pattern CURRENT PRICE: 1.8968 POSSIBLE “PREDICTED” PRICE ACTION: We see two different Bullish Harmonic Pattern formation in the chart. Price is likely to test Fibo127% of XA move and Fibo 61.80 Extension of XAB move. Levels as described in the chart
Levels as described in the chart
The US vs JP 10y yield spread made a new nine-month high at 2.44% as the market keeps pricing in the passage of the US tax reform bill. We see a selling pressure on Japanese Yen. Today, during the Asia Session, BoJ will have monetary policy meeting, but it is expected to change nothing. Technical Overview: On the daily chart, price moved above the cloud....
PAIR: NZDJPY CHART TIMEFRAME: H1 TREND ON THE CHART TIMEFRAME: BEARISH CURRENT PRICE: 0.68999 POSSIBLE “PREDICTED” PRICE ACTION: NZDCHF is testing Fibo 78.60. If can not break above, the price may test 0.6884 support. And it may decline towards 0.68400. This level would give us a Long Trade opportunity with good risk reward ratio.
I will look for a short opportunity at 133.200 - 133.300 My Targets : 132.700 and 132.200
Cable headed south and lowered on Friday. BoE and Brexit headlines could not help the decline on GBPUSD. Before short-term trading strategy, I would like to remind our midterm prediction. The main trend is still bullish and 1.3671 is the first target of the GBPUSD. Daily Indicators are still bullish. Price is above EMA 100 and EMA 50. Short term : 1.33000 –...
Retracement from Fibo 88% target Fibo 61.80%
PAIR: EURNZD CHART TIMEFRAME: H4 TREND ON THE CHART TIMEFRAME: BEARISH FACTS AND PATTERNS: Bullish Cypher Pattern POSSIBLE “PREDICTED” PRICE ACTION: Retracement from Fibo 88.60 1.67050.
WTI Crude Oil Non-Commercial Speculator Positions: Large energy speculators continued to increase their record high net bullish positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. WTI Crude Oil Commercial Positions The commercial...
Facts of the Charts: We see a Head and Shoulders pattern is being formed on the H4 Chart. It will be completed with the breakout of 1.17200. We will keep an eye on this formation. If the pair breaks 1.17200 and completes the H&S, the targets will be 1.16500 and 1.15500. 1.17800 must be broken before 1.17200. 1.18600 is the main resistance. The pair needs to close...
Entry: 1.70090 SL: 1.69750 Price action as described in the chart
Retracement from Fibo 141.40% Targets as described in the chart
Reverse from Fib 127 % Levels as seen in the chart Good Luck