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Tehnicalanalysis

GOLD (XAUUSD): Technical Outlook & Price Action hey traders, here is my multi-timeframe outlook on gold: on a daily the price is still coiling on a major falling trend line that the price touched last week. Taking into consideration that the global trend is bullish, I still expect a bullish reaction & continuation. However, checking the situation on hourly time frame, we can clearly see that the price is currently consolidating. Local support cluster is based on a daily trend line and 1817 level - current local structure low. I believe that we can expect an intraday bounce from that next week. I would also recommend waiting for a confirmation before you buy. Good luck!
FX:XAUUSDLong
by VasilyTrader
12
USDCAD in Major Weekly Range! Long Term Outlook: Analyzing 5-year price action cycle on USDCAD we may see that the pair is ranging. The price is stuck in a huge horizontal trading range and now we see a steady bearish continuation. Most likely market makers are aiming at 1.19 - 1.23 support cluster. It is the closest strong structure and major reversal can start from that. For now, wait and prioritize short trades. Look for pullbacks on lower time frame for safe entries. Do you agree with my outlook? Please, support this idea with like! Thank you!
Short
by VasilyTrader
3
The Euro pulls back further from Wednesday’s 1.2350...The Euro pulls back further from Wednesday’s 1.2350 apex following another approach, the Loonie recoils from 1.2650+ to sub-1.2700 post-Canadian trade data and the launch of a dispute settlement process against its NA neighbour over tariffs on solar products that it deems to be unwarranted. It may be too premature to draw firm conclusions or make assumptions, but price formation looks promising for the Buck in terms of building momentum, while another solid ISM survey, bar the services employment index, should in theory keep bear-steepening along the US Treasury yield curve intact to buttress the Greenback. Indeed, the Dollar remains on the rebound against all G10 rivals with the DXY eclipsing prior weekly peaks to trade at 89.979 vs its new 89.206 multi-year low.
Long
by FTUKcom
4
NZDUSD: The MOST BULLISH Pair of 2020 In 2020 NZDUSD naturally kills pullback & counter-trend traders. Since March the pair is sharply bullish and breaks one resistance after another without any hesitation. 32% net growth. Crazy... I have tried a couple of times to short the pair but realized that bears simply refuse to push. Now the closest major resistance is based on 0.74 - 0.755 resistance cluster. That area is based on 2016th's, 2017th's, 2018th's highs. I will consider short opportunities only from that area. For buying, I would recommend waiting for a pullback because the pair looks quite overbought. Why NZDUSD is so bullish? What do you think? Please, support this idea with like! Thank you!
Long
by VasilyTrader
22
Get on the board next GBP/CAD station is "Crash":(Part 3).Market is moving bearish 4H/1H. 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253. 3:Market below the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and CAD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. If you have any questions do ask in the comments.
Short
by Ali_Talpur
EURAUD update on the latest market movements Hello Traders !!! After the latest analyze that I posted on EURAUD was extremely successful and took more than 400 points out of the market, I believe it is time for a new update. At this stage everything is bearish on the currency pair however I believe thighs will change. After EURAUD reaching 1.68 I was expecting a retracement around 1.6580 (previous resistance) witch the market did. From there I was expecting the price to bounce back (witch it didn't), but that is OK because the more it goes down the bigger the number of PIPS that we can take again from it. The zone market on the chart, becomes now a VERY IMPORTANT zone. It is resistance and the market recently tested it and bounced back. Now if the zone is retested and holds then I will be very confident to take a long positions from there with targets at 1.6750 even 1.6800. The alternative, if the zone breaks then I will not enter into a short trade, i will just wait for the price to reach the blue line on the chart and from there to take a long position. Stay safe out there and if you trade EURAUD, make sure you trade with a low exposure because when it moves it moves 300-400 points in one direction. So make sure you can afford that risk.
Long
by opentrader08