obrien86

obrien86 Updated 

AUD has manage to break above the very important resistance of ~0.666. this price level has been holding prior to COVID as a major support and by breaking above it we are moving to pre-crisis territory. AUD has been very bullish towards the USD for a several weeks, even when DXY was elevated. Now when DXY is breaking down and AUDUSD is breaking above ~0.666 level...

obrien86 Updated 

Gold it testing a major resistance of 1740 - if it manages to break above it is major bull signal for gold and gold mining stock and streaming companies. The parabolic support level is leveling up, squeezing gold in to narrow channel pushing it to break above. this with combination of falling DXY gives very strong confidence for move up. However as long as it is...

obrien86

In the past FNV followed the Gold but now it has been divergent to the bearish side. Now FNV is sitting on the important support which was previously acted as a resistance. As long as this level holds up and Gold continue its rise (with DXY decline which is correlated factor) FNV should retract back to previous high and then even higher. In case we break below...

obrien86

Since the end of March we have been stuck in the channel between ~100.5 and ~98.3. Now everything looks like we can break the magic support of 98.30. If we do we should see a trend behavior across USD pairs and it would also be bullish on precious metals (gold, silver,...). If we break below the channel we have 2 obstacles in the way ~97.15 and ~96.50 where I...