Usd still bullish, not much sign to turn yetShould be cautiously taking long on USD , but also mindful of the extended rally it has so far since mid july 2023
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Forex-analysis
USD has some headwind at trendline and last R area**Find out more from my Tradingview Stream this week**
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Gbpcad likely more of pullback to long,bias up**Find out more from my Tradingview Stream this week**
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GbpChf mid of a daily/weekly rangeWatching it to act accordingly...
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Usdsgd watching for pullbacks to short
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AN should be continuing downLast week, I mentioned about looking to short on AN if there's opportunity...a pullback pull can be seen since tues. Bearish flag on h4, looking to start shorting again for AN.
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EN/EA likely a pullback on higher timeframe and look for long Bias to go on long on lower timeframe
Likewise same for EurAUD
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Two scenerios for USDAcross the USD majors, I still do see weakness in other currencies.
Bias for me is to go long but will be mindful it clearing 103.30 area as it is the downtrend area.If h4 flips over , likely would continue bearish.
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XAUUSD: facts surrounding interest ratesThe XAU/USD pair is experiencing a downward trend for the third day in a row. It reached a low of $1,902.80 during the American session. The US Dollar gained strength before the opening of Wall Street due to negative US data and upcoming statements from central bankers, leading to a risk-off sentiment in financial markets.
In the first half of the day, investors were optimistic, resulting in significant gains for high-yielding stocks. However, the US published a preliminary estimate of the May Goods Trade Balance, revealing a deficit of $91.1 billion, which caused a shift in sentiment. Additionally, Wholesale Inventories decreased by 0.1% in May, falling short of expectations.
Support levels: 1,903.00 1,888.10 1,870.15
Resistance levels: 1,920.80 1,933.50 1,9431.40
AN fast up come with fast down,short until it turns
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EU should be looking for shorts on pullback
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Gold Bias: ShortIn the 30-minute timeframe, gold has broken the structure, showing the bearish trend continuation. The signal is going to be printed soon. If this happens, if we can see a nice price action signal like a parish pin bar or a bearish engulfing bar, then take a sell trade, and place a stop above as seen in the chart above.
Gcad bias on the upside.Trend direction could have flipped on d1, watching for pullbacks.
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EN pulled back for up side to come?Chart wise, check out my stream this week for more info!
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Usd at last key levelTo hold or to break, bias still on the downside, long with care.
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EG potential turning point, watching only
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Ecad pullback to short**Find out more from my Tradingview Stream this week**
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Potential turning point for Audusd
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usd broke lower and retesting its supportAfter consolidating for a week + the usd broke lower but we saw it retesting the last support turned Resistance area. Will it clear that or reject?
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Eurusd at a level to have potential bounceI missed this out on my video just now. Anyway just take note that Eurusd is at a level of interest,looking at daily and h4 charts!
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Gbpusd at a interesting levelWatching for more clues to see if i want to long GU.watch..it might jus break lower as well.
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Usd trend up as mentionedUSD did itself justice to break up higher after its monday's pullback.Could see more upside,but let's get decent pullback then to long.
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