EURUSD LongTime Frame: 4H
Symbol: EURUSD
Bias: Long
The price pattern is quite self explanatory. The oscillation and volatility pattern hints that there will be a probable up swing after a slight down move. So we have to wait for the
Freeforexsignals
USDCHF LongSymbol: USDCHF
Time Frame: 4H
Bias: Long
We are optimistic that the price will go up as our projection. As the overall oscillation is trapped by a range bound price action, here is a hope of repeating history as we see in the projected candles.
JPYUSD LongSymbol: JPYUSD
Time Frame: Daily
Bias: Long
The instrument has reached a critical long term support level ,technically there is high probability of reverse. If market condition is not greatly influenced by fundamental factors, there is a greater possibility of mean reversion and therefore an upward move.
XAUUSD Short BiasSymbol: XAUUSD
Time Frame: 4H
Bias: Short
Gold has the potential to move up but the price is trapped in an upward channel and we believe there will be some downward retesting of price level and therefore our bias is down for the next few days.
GBP/JPY Signal - GBP GDP Data - 13 Oct 2021GBPJPY is trending to the upside currently prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken above the key 154 level, and the RSI is holding bullish levels. We anticipate continued upside into 155.50.
GBP/USD Signal - GBP Claimant Count Rate - 12 Oct 2021GBPUSD is trending to the upside currently prior to the GBP Claimant Count Rate, which measures the number of people applying for unemployment benefits. Technically the pair has broken the immediate bearish structure, and the 4h chart RSI is mixed. We anticipate continued upside today.
GBPUSD shortA very nice gbpusd short setup can be seen in 4H chart. This is a high probability setup and can garner some nice pips. Let's see what happens next week. All the best.
JPYUSD Short Time Frame: 4H
Bias: Short
Symbol: JPYUSD
Analysis: The chart itself expresses a lot. The overall direction is short and we are also biased short for the coming week!
EURUSD Down Trend Expected to ContinueTime Frame: 4H
Symbol: EURUSD
Bias: Short
Analysis: There can be a very short upward momentum and then the drive will be a short which will lead to previous support levels. Let's observe how the price actions goes..
USDCHF Long BiasTime Frame: 4H
Bias: Long
Symbol:USDCHF
Analysis: The overall trend is long. Price is expected to rise to establish a balance with the volatility of the last week. We are biased towards long for the next week.
NZDCHFTP 0.65 OR 0.66
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JPYUSD NeutralTime Frame: 4 H
Signal : Neutral
Symbol: JPYUSD
Signal Analysis: We are neutral as we do not see any specific price projection. Due to fundamental factors ,price can go to any direction. We are watching over for specific patterns.
GBPUSD Long SignalTime Frame: Daily
Symbol: GBPUSD
Bias: Long
SIgnal Analysis:
The overall trend is down but we can expect a short term weekly move upward and have a high chance of accumulating some pips in upward reversal.
EURUSD ShortTime Frame: Daily
Symbol: EURUSD
Bias: Short
Signal Analysis:
The overall trend is down and we are projecting a downward move too.
USD/JPY Signal - USD 7 Year Note Auction - 28 Sep 2021USDJPY has bearish divergence prior to the USD 7 Year note auction, which shows the yields on the US Government backed security. Technically the pair has been in a bull market, however the RSI is showing strong bearish divergence and the ADX has dropped showing the trend has lost steam. We anticipate a retracement into support.
AUD/USD Signal - AUD Retail Sales - 28 Sep 2021AUDUSD is ranging currently prior to the AUD Retail sales, which measures the receipts for retail stores in Australia. Technically the RSI is rejecting bullish levels, and range resistance holds. We anticipate downside into the 0.7220 level.
GBP/USD Signal - USD 3 Month Bill Auction - 27 Sep 2021GBPUSD is trading to the upside prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is trending to the upside and has broken bearish structure, and we anticipate continued pressure to the 1.3780 level.
CAD/JPY Signal - CAD Retail Sales - 23 Sep 2021USDCAD is trending to the downside prior to the CAD Retail Sales, which measure the total receipts for retail stores domestically. Technically the pair has pulled back into structure and fibonacci resistance, and the rsi has now turned negative. We anticipate downside into recent lows at 84.90.
AUD/USD Signal - USD Fed Rate Decision - 22 Sep 2021AUDUSD is trending to the downside prior to the Fed's rate decision later today, which decides the interest rate in the USA. Technically the [air is holding a downtrend, and has given a retracement prior to the Fed decision, giving us a trade opportunity. The RSI has rejected above the 50% level.
USD/CHF Signal - USD Fed Rate Decision - 22 Sep 2021USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
USD/CHF Signal - USD Redbook Index - 21 Sep 2021USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.
Will Gold Spot Decline More? (TP 1682.6)Gold (XAUUSD) and silver (XAGUSD) has crashed in the previous week. Gold has lost -113.585 points ( -6.05% ), and silver lost -2.14315 ( -7.68% ). Millions of CFD's traders have lost money in that week.
Where's gold's bottom?
According to technical analysis and fundamentals research, gold can decline more. Gold has broken the strong support trendline (01) and marching for 02 . If it doesn't close above to trendline of 01 in the first two trading sessions, it will be unstoppable through high selling pressure by speculators. And we will see the target price 2.
Technically, the most popular indicators are indicating a complete downtrend. And Stoch RSI is signaling for a reversal. So, it can pullback up to a retracement level of 38.2% or 01 trendlines. If that not happen, gold can lose 81.635 points more.
In the previous week, gold and silver were falls due to economic events and high selling pressures by speculators. For advance traders, watch significant releases or events that may affect the movement of gold , silver & crude oil .
Tuesday, Jun 22, 2021
00:30 - FOMC Member Williams Speaks
01:00 - All CFTC Speculative net positions
11:00 - Gold Index
20:30 - FOMC Member Daly Speaks
23:30 - Fed Chair Powell Testifies
Wednesday, Jun 23, 2021
02:00 - API Weekly Crude Oil Stock
18:30 - FOMC Member Bowman Speaks
19:15 - Flash Manufacturing PMI | Flash Services PMI
20:00 - Crude Oil Inventories
20:30 - FOMC Member Bostic Speaks
Thursday, Jun 24, 2021
18:00 - Final GDP q/q | Initial Jobless Claims
Weekly outlook of Gold SpotIn June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month.
Gold spot needs to break 1809 levels to retest support of 1793.6 - 1783.6 . These support levels will push the gold price higher. Gold isn't sellable until the breakout of 1766 ( strong support ).
XAUUSD will touch 1858 - 1898 levels soon.
Watch significant releases or events that may affect the movement of gold, silver, crude oil, and natural gas:
Wednesday, Jul 21, 2021
02:00 API Weekly Crude Oil Stock - Medium Impact
20:00 Crude Oil Inventories - High Impact
20:00 Cushing Crude Oil Inventories - Medium Impact
Thursday, Jul 22, 2021
20:00 Natural Gas Storage - Low Impact
