The weekly right side is up against the 1040 lows from December 2015. The daily right side is up against the March 2020 lows at 1450. The 4 hour is turning down against the August highs at 2072. While below 1965 high from 11/9/20 where the hourly is turning down Gold can continue to correct the cycle from the March lows. SELL XAUUSD @1910-15 TP: 1850-1820 SL:...
The pair ended a cycle in wave (1) at 109.76 on 12/2/19 where the 4 hour is turning down. From there the pair can see the 107.50 area before a bounce corrects the cycle from the 12/2/19 highs. While below there it can see another swing lower to correct the cycle up from the 8/26/19 lows at 104.42 where the daily is turning up
The pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from...
USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair...
Crude Oil 4 Hour cycle is bullish against 2/11/2016 (26.05) low and 1-hour cycle is bullish against 6/21/2017 low (42.05). Oil has ended cycle from 8/1/2016 low (39.19) and currently correcting that cycle in 3, 7, or 11 swing in wave IV. As far as bounces fail below 70.44 high, expect Oil to extend lower 1 more leg before the rally resumes. We favor the downside...
EURJPY : 4 Hour cycle is bullish against 4/17/2017 low (114.85) while the 1-hour cycle is expected to turn bullish on a break above 2/2/2018 high (137.5). Near-term correction against 6/19 cycle is proposed complete at 128.48. Near term, while pullbacks stay above there, and more importantly above 126.54, expect pair to extend higher. We don’t like selling the...
USDJPY: 4-hour cycle is bearish against 12/15/2016 (118.66) while 1-hour cycle remains bullish against 3/26/2018 low (104.56). Near-term correction against 5/30 cycle is proposed complete at 110.57 low, while dips remain above there and more importantly above 5/30 low (108.06) pair is expected to resume the upside. We don’t like selling the pair and prefer more...
USDJPY the pair trend is bearish, As technical the USDJPY pair begins today's trading with clear negativity to attack 112.60 level and moves below it now, which supports the continuation of our bearish overview efficiently for the upcoming period, paving the way to head towards the next correctional level at 111.60. Before fall we can see retracement towards...
EURGBP the pair as rolled over during the day on Monday, reaching down towards the 0.8830 level, currently the pair trading on 61.8% fibo , This is an area that has attracted a lot of attention over the longer term, so I suspect that we should get a buying opportunity relatively soon. Buy EUR/GBP @0.8813/0.8795 Expected TP: 0.8890/0.8920 Stop loss: 0.8770 Gud luck !
XAUUSD the pair fall after US Fed rumor to hike rates in December, The dollar was supported by reports that President Donald Trump was favoring a monetary policy hawk as the next head of the U.S. Federal Reserve, as technically the pair trading on the 50% retracement, under the trend range , we can see a rally before going to fall to test 1298/1304. Today we will...
EURJPY pair still overall trend is bullish , Sustained break of 134.20 fibonacci level will extend larger up trend to 141.04 resistance next. However, break of 131.69 will be an early sign of medium term reversal and will target 127.55 key support level instead. Currently the pair trading pattern short term bearish trend with the strong resistance and double top...
GBPUSD the pair while on FOMC hit a new high of 1.3659 yesterday After FOMC hawkish comment the pair sharp decline from the high . today the pair made a new 4hr support and retrace 61.8% fibo, currently the pair pattern shows one more leg down towards the retest trend zone around 1.3459 if break will see immediate support around 1.3370/1.3330. We don't like the...
USDCAD long term the pair still have a leg down towards test below 1.20, The USD/CAD fell close to 1400 pips from the May 2017 highs into the July lows,On Wednesday, September 6, the Bank of Canada increased its benchmark interest rate to 1%. Following the announcement of this news, the USD/CAD moved lower, Along with USDCAD the U.S. Dollar Index (DXY) has also...
XAUUSD the pair have a good volume ,the buck failed to drag the pair down through the 55-hour SMA. Second, the gold managed to recover and break through the weekly R1 at 1,339.42, we can see fall one again towards first support 1331.62 and expect to break and intimidate target of 1326.Overall we can see the pair target of 1304/1298 and then one more rally. Sell...
The British pound initially fell during the week but found enough support at the 1.2850 level to turn around and form a hammer. I believe that this market is going to continue to go higher, and a break above the 1.3050 level is that signal. At that point, I believe the market can go looking towards retest again 1.2850 /1.2800 and then we can see rally towards...
The EUR/USD pair jumped to 1.1979 following the release of the US Nonfarm Payroll August report. The pair however, changed course quickly on headlines reporting that the ECB won't be ready to taper QE until December, which seems a desperate move to keep the pair below the 1.2000 level. Now struggling around 1.1900, the 4 hours char shows that the pair was unable...
USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias. We can see one more rally before falling.
GBPUSD the pair still the long term trend is downwards , but as technically the pair making short term bullish pattern as currently the pair made a strong support on daily candle, after the gap opening the pair filled the gap and bounce back upwards , on weekly candle the pair making a Dozi pattern , as per technical i like to long the pair for immediate target of...