EURNZD BUY TARGET - 1.77000 CLOSING BULLISH ABOVE 1.73500 TAKES THE CURRENCY PAIR INTO HIGH TERRITORIES WHICH THE PAIR HAS COMFORTABLY MOVED WITHIN IN 5 YEARS AGO.
CLEAN CHARTS HIGH TIME FRAME KEY LEVELS ONLY. THIS PAIR CAN MOVE 300 PIPS & MORE
EXY
EXY: How far down?
EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C leg can be formed after a lot of increasing in MACD. If that happens, we shall expected this behavior:
****increasing in EURUSD + collision to high resistence+decreasing in EURUSD.
Thank you.
EURGBP SHORTShorting opportunity on EURGBP pair. Bullish on sterling I believe it will appreciate significantly in coming weeks and months. Technicals - Price have reached 61.8% fib level on bigger move lower MACD shows divergence loosing bullish momentum on DAILY TF RSI overbought with divergence. 1st support level 89.1 that I belive will be broken and will act as resistance after that 2nd support 0.88 and final target 3rd support 0.865 with fib confluence. 4:1 RRR 300pips
Good Luck
When everyone selling, why not buying it? risky trade.In an hour, ECB is going to make a statement on the interest rate and also economic slowdown. The market is expecting the dovish statement and EURUSD dropped. Right now it is around the support zone area of 1.1122
I personally plan to enter with very good risk/reward ration of 6.60 because it is a high-risk trade. Market makers already shorted euro and if ECB makes a decent statement on economic euro can spike quickly. Remember that huge market manipulation can also happen, so I am only risking what I am willing to lose.
Euro index #EXY #ECX #EURX - bullish on 1M TFEuro index EXY is bullish on 1M TF according to momentum indicators.
EXY looks also bullish on 1D TF, but bearish on 1W TF.
In September I expect bottom formation and a bullish cross forming on MACD and WaveTrend oscillator.
%K line (blue) of StochRSI has already crossed above %D (red) which means that a buying signal has been generated on 1M TF.
StochRSI %D will move above 20 and more bullish momentum will build up which will start the next bullish cycle in EXY which could bring it to the next swing high to about €121 - 117 somewhere between Nov 2020 - May 2021.
If there is enough strength from the bulls this will lead to falling prices in commodities like oil, gold and silver (measured in EUR).
Commodities will start to raise again after mid of 2021 when EXY losses its strength again.
This should be considered in technical analysis of commodities.
EURCHF SHORT TARGET 1.09300-LOOKING FOR A THRID DRIVE DOWN TO A MONTHLY KEY LEVE
-MOTHER CANDLE ON 20 JUNE BREAK BELOW IS A CONFIRMED SHORT
-38.29% FIBONNACI RETRACEMENT
-4TH TOUCH OF A WEEKLY TRENDLINE
XAUUSD Full analysis - 1250 maybe?Ok, so we've seen the rocket being sent to the sky - 700 pips in 7 days... But as we know, once a rocket loses its momentum it's slowing down and eventually comes back down and goes lower than before. This movement was predicted by the bad US data ( worst in 10 years) and the ongoing trade war. Let's look at the gold chart in depth.
1. We saw Gold coming out of the trendline without any retracement.
2. We saw forming a shooting star on the daily chart, but then the bad news boosted it to further heights.
3. Friday rejection on the weekly resistance was shown.
4. On multiple timeframes, RSI is overbought, although Gold doesn't respect RSI that much if we see the previous times when the RSI reached that height it always came back down.
5. Gold didn't break the weekly resistance even with the worst data in the last 10 years.
6. If we look at monthly chart we can see head and shoulders pattern forming all the time. At the moment we are on the height for a right shoulder before the drop.
Let's look at the external facts.
EXY candlesticks match the gold one - a shooting star, long, long, but the uncertainty around Brexit acts both ways - UK and EU.
DXY got rejected on the bottom of the trendline, so retrace is now expected.
In general, I think that in a long long long term we are looking at eventually Gold going over 1400, but now it's not the time. We should be looking into going further depths to around 1250 before making another attempt to break the 1350 resistance.
