wersel

wersel

I think the long momentum will continue, because of the weaker green bag. The positive outlook for a US stimulus package will push the DXY further down, and that will positively affect the AUD and might just help push it through that resistance were it is sitting at the moment. Also, COVID might be under control after a long harsh winter in Victoria with a very...

wersel

I would like to see the retest at the 41-42 level and shorting it around there. But I don't think that will happen anytime soon, maybe just before the election, in my opinion. Before that, I think it will retest the 100MA and the 0.382 and the 0.236 FIB. Also, I think it will break the support level with the push from the oil inventory on Wednesday. COVID might be...

wersel

I think there is are a few long opportunities coming up next week. It just bounced off the 24.5 support. My guess is It will be granted, and that will bring down the DXY and push the XAU and XAG up to new or old highs. If it can break through that weekly resistance, there is a good possibility that it will go beyond 30. But if the stimulus isn't granted, it will...

wersel

There might be a possibility to go short at 0.672-0.68. I would wait until i get a clear overbought signal from rsi and be below the 20MA insight the resistance area.