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Gold- Is imperative for bulls to hold 1680 intactAfter the false break and the strong reversal to the upside, Gold reached descending channel's resistance and started to drop. As I said last week, the 1680-1690 zone should offer support and is imperative for bulls to hold this zone intact if they were to hope for a long-term reversal. However, only the price above 1715 would confirm the reversal, and with the price between 1680 and 1715 Gold is trading in no man's land. A daily close under 1680 would put again pressure on Gold and supports under this figure are 1650 and 1620. So far I maintain my bullish bias
OANDA:XAUUSDLong
by Mihai_Iacob
15
EBAY Active buyers declined 13%I remember i was also a user of EBay in the past few years, but i closed my account in January because of their high fees and lack of sales. i got less views per product than before. And i noticed that my personal experience with SHOP Shopify and SSTK Shutterstock selling less or PYPL PayPal high fees was other people`s problem too. and we moved away from those services. Active buyers on eBay declined 13% in the quarter. Revenue fell 6% to $2.48 billion, but above expectations of $2.46 billion. The forecast for earnings of 87 - 91 cents per share is below the average analyst view of $1.01 per share. CFO Stephen Priest: "Those negative (war) impacts will continue through 2022". My buy area is around 37-40usd. Looking forward to read your opinion about it.
NASDAQ:EBAYShort
by TopgOptions
3
GbpUsd- The bigger move should be up, not downIt was a crazy start of the week for GbpUsd, with the pair dropping 500 pips in Asia's open on Monday and after a dive even under 1985's low, we have a strong recovery to 1.09. Since that high, GbpUsd has started to roll back down again with a price at the time of writing of 1.0650 and a descending triangle now visible on our 1H chart. The trend is down, indeed, but in my opinion, GbpUsd will not make a new low, at least in the next few months, and has more room to rise than fall. That being said, for me, the safer and more profitable trade would be against the trend now and a new visit towards Monday's lows can prove to be a good buying opportunity. Bulls can target prices above 1.1 zone
Long
by Mihai_Iacob
10
EurAud could accelerate upwards. 1.52 remains my targetLast week I said that EurAud could rise and pass above 1.5 and, with strong support under 1.48, dips should be bought. Indeed, the pair reversed from that zone and now is trading just under the upper boundary of the range and exactly in the resistance given by the falling trendline started in March. The recent break under 1.44 support is a false one and, as always, we can expect now a rise to the next important level of resistance at the 1.52 zone (which is also my target for this rise) In the short term: As we can see from the 1H chart above, the price action from the 19th is in a V, with acceleration upwards since Monday and clear resistance at 1.4950. Considering 10 days of consolidation and the clear pressure on the buy side, I expect this resistance to fall and the pair should accelerate its gains. As I said, the most obvious level of important resistance is the 1.52 zone and I expect it to be reached pretty soon after we have a valid break above 1.4950. Best Regards! Mihai Iacob
Long
by Mihai_Iacob
4
TRADE OF THE WEEK | Classic Breakout Trading 💰 Hey traders, This week, EURUSD broke and closed below a key horizontal structure support on a daily. After the breakout, a bearish continuation was expected. I was patiently waiting for a retest of a broken structure. My confirmation was a double top formation on 1H time frame. Short position was opened on a retest. Great winner and nice trade! Did you catch it? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
EurUsd- Best place to sell and join the strong bear moveA few days ago I've written that, in order to a deeper correction to 1.03 horizontal important resistance, EurUsd needs to maintain 1.01 intact. The CPI data shattered this level of support and the single currency dropped again under parity. After a local low at 0.9950, EurUsd is still struggling to regain this important figure, but, in my opinion, will fail. That being said, a spike above parity should be considered a good opportunity to join the bears and the resistance band is between 1.0050 and 1.01. Also, a sell around this zone can have a strong R: R of 1:3 considering a stop loss above the recent high and a take profit of 0.97. Best Regards! Mihai Iacob
Short
by Mihai_Iacob
23
EurUsd- A break under 1.01 would put bears in control againFrom both fundamental and technical perspectives, EurUsd is bearish, but that doesn't mean that the pair should fall continuously and, as I draw attention to in my previous posts, a relief rally is probable from under parity. Yesterday this short squeeze rally brought the pair above the important 1.01 resistance and we have an intraday high at 1.02. Although I don't rule out a new high above 1.02, gains should be very well capped around 1.03 resistance in this case and EurUsd should resume its downwards trajectory. On the other hand, a drop and daily close under 1.01 would suggest that the correction is over and 1.02 is probably the top. In both scenarios, in my opinion, EurUsd will fall back under parity and most probably will make a new low by year's end.
Short
by Mihai_Iacob
2
Gold- Is this correction over?In my yesterday's comment I said that, in my opinion, the rise from 1690 support is just a correction, not the start of a new bull leg and my opinion remains unchanged. This correction has continued yersterday and as I expected, a spike above 1730 took place. However, looking at the posted chart we can clearly see that the structure lacks impulse and is overlapping suggesting that a reversal is imminent. A first indication that the correction is over comes with a break under short term trend line with further contirmation with a drop under yesterday's low. I'm looking to sell Gold
OANDA:XAUUSDShort
by Mihai_Iacob
4