Sellsignal
EUR/USD: 17/05. Good input for sale OANDA:EURUSD I expect EUR to consolidate in the 1.0850/1.0950 range. EUR traded between 1.0855 and 1.0910 before closing slightly lower at 1.0865 (-0.010%). The fundamental tone has softened somewhat and EUR is likely to drop lower today, but any decline could be part of a lower range of 1.0839/1.0895. In other words, a clear break below 1.0845 is unlikely.
Next 1-3 weeks: “Our update from Monday (May 15, spot at 1.0855) is still valid. As highlighted, the outlook for EUR remains negative and the level to watch is at 1.0805. On the other hand, a breach of 1.0945 (no change to 'strong resistance') would indicate that the EUR weakness that began mid-week is over.
SELL EURUSD zone1.08600 - 1.08800
Stoploss: 1.09100
Take Profit 1: 1.08100
Take Profit 2: 1.07500
GOLD:17/05 After last night's news, the downward trend continuesTVC:GOLD Gold prices (XAU/USD) showed some buying interest after falling below 1990 during the Tokyo session. The precious metal has seen some recovery as the US Dollar Index (DXY) is struggling to extend its rally above 102.75. Gold price has yet to develop a strong uptrend as it needs to pass more filters to gain traction.
Gold price analyzed the breakdown of the Rising Channel chart pattern formed on the four-hour scale, however, the breakdown needs to pass some more filters. An intermediate resistance is drawn from the May 5 low of 1999.55. The 10-period exponential moving average (EMA) sloping down at $2,000 is hindering the Gold bulls.
The Relative Strength Index (RSI) (14) has slipped into a bearish 20.00-40.00 range, which suggests more bearishness to come.
SELL GOLD 2002- 2005
Stoploss: 2010
Take profit 1: 2000
Take profit 2: 1995
Take profit 3: 1985
EUR/JPY: 16/05. Good input for the sellerEUR/JPY is heading towards the neck and shoulder line after the cross broke out of the 20-day Exponential Moving Average (EMA) at 147.68. However, it still hesitates to achieve a decisive breakout that could invalidate the pattern. As the Asian session begins, EUR/JPY is trading around 147.95, down 0.06%.
EUR/JPY remains skewed to neutral, although in the near term, will be tilted slightly to the downside. The Relative Strength Index (RSI) indicator shows a pause in the uptrend as the RSI is flat in the bullish zone, while the 3-day Rate of Change (RoC) is neutral.
Although EUR/JPY spot price tests the head and shoulders neckline, the pattern remains intact. The confluence of the neckline and last year's high of 148.45 could make it difficult for buyers while being a good zone for EUR/JPY sellers. OANDA:EURJPY
SELL EURJPY zone 148.00 - 148.10
SL: 148.35
TP: 147.00
EUR/USD: 16/05. Downtrend, ready sell?OANDA:EURUSD EUR/USD probes the boundaries of the 1.0910 barrier amid further downside correction in greenback and general improvement in sentiment around risk-related universe.
Indeed, the pair picked up pace and further extended the rally from recent lows near 1.0855 despite sharp declines in US and German yields so far, while expectations of a temporary respite. stop the Fed normalization in June and raise interest rates further in June ECB for the next few months trending up.
EUR/USD extends weekly rally and adds to Monday's promising price action, always with an immediate target of 1.0910.
So far, the pair is up 0.17% at 1.0890 and a break through 1.1090 (weekly high April 26, 2023) will target 1.1110 (rounded high) on way to 1.1185 (weekly high March 21, 2022). Conversely, the next level of contention emerges at 1.0845 (monthly low May 15), followed by 1.0830 (monthly low April 10) and finally 1.0805 (100-day SMA).
SELL EUR/USD zone 1.08950 - 1.09200
Stoploss 1.09500
Take Profit 1: 1.08500
Take Profit 2: 1.08000
EUR/USD: 11/05. BREAK THE TREND TO BUY DOWN BEFORE PPI NEWSEUR/USD seems to be seeing more clear signs of rejection of the resistance that formed the top of the shallow uptrend channel from early January, with strong daily and weekly downside momentum.
The support below at 1.0945 has established a near-term top and we look for a test of the 55-DMA at 1.0835, ideally holding on a close. Even so, below will warn of a more significant potential downturn and test support at 1.0545/1.0488.
However, above 1.1098 would suggest we could see a final leg above our 1.1187/1.1273 core target – 61.9% retracement and March high. 2022. Our bias remains to look for an important top here.
Predict SELLING eur/jpy before tonight's CPIEUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score.
It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's upside momentum, alongside the immediate barrier at 148.40
Even if EUR/JPY buyers confirm a bullish pennant breakout, the 50 SMA around 147,500 could act as an additional hurdle before directing the pair towards its theoretical target near 148,000.
Conversely, a breakdown of the aforementioned pennant support line, near 147.500, could challenge the bullish histogram and possibly direct the pair towards the support of the line. SMA 200 near 146.400.
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485.
GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls.
The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
GOLD: What is the price of gold tomorrow?TVC:GOLD Gold prices remain low around $2,000 as it searches for fresh clues to extending its three-week downtrend, especially after posting its first weekly loss in three weeks. In doing so, the yellow metal portrays market anxiety amid concerns about the US debt ceiling, as well as banking concerns. However, the unclear calendar and mixed updates from the Federal Reserve (Fed), as well as US government officials, have pushed XAU/USD lower ahead of important events/data of this week.
Gold price depicts a bearish triangle formation on the Daily chart, currently between $2,030 and $2000. That said, bearish signals from the Moving Average Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI), set at 14, also give see the next downtrend in XAU/USD.
However, a clear break of the 2000$ support becomes necessary for Gold to move towards its theoretical target of around 1,900$.
Canh SELL GOLD vùng giá 2022-2025
Stoploss: 2030
Take profit 1: 2017
Take profit 2: 2012
Take profit 3: 2006
GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040