We saw last week that problems getting the vaccinations distributed, rising coronavirus cases, weakening economic data and a dovish tone from the Chairman of the Federal Reserve failed to fuel a rally in Gold. And why was this? Rising Treasury yields and safe-haven demand for the U.S. Dollar.
A trade setup is expected to give a short trade opportunity as Aussie and major currencies are under pressure again USD. Follow the setup in the analysis.
Technically, the gradual decline in aging remains under influence. Monday's closing was the strongest since December 10 at 104.18 and the high of 104.39 nearly hit the channel's upper boundary. The highest on Tuesday was 104.33, as would have been unable to break the boundary on Monday, and the bottom at 103.74 represented the refusal. There is no technical case...
1/NYSE Stocks Above 150d Average Index "MMOF" Reflected here on SPX. 2/This is a confirmation that these high readings happen at the beginning of new grand cycles !!! 3/Between lines no big corrections Just 9% pullback, let see with covid-19 what happen !!!
GBPUSD has turned bearish on the consolidation resistance is near to break below. Covid situations and Brexit agreement complication is a hurdle for bulls to clear. Bais has turned negative and a sell trend is ready to hit 1.31500 again.
After falling to the 1760 level, Gold sharply moved up 1400 pips straight. Retracement level is holding a supporting at 1880, bulls are intact and eyeing to stay above 1900, psychological level until unless see get dramatic news out for Gold.
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Short nifty only when 15 min candle closes below 13399.30, short with future. Today's trend looks downside to me. The best will be shorting call at the upside. because premiums are high buying options is risky. you can do scalp trade in bank nifty because 30 min trend line is already broken. Short bank nifty if 15 min closes below 30346.50. for 250 points downside.
Hello traders if you like these posts please like and share. Similar zone from September, also in 4 hour time frame, clear divergence. Looking for sell setups. if price breaks above trend line and close. null sells. Good luck and trade with wisdom.
AUDUSD nice short with good RRR and confluence at daily resistance, double top formation with divergence
GBPCAD going short after a resistance rejection pattern
Disclaimer: This is not financial advice. High leverage trading is about entries, you need to have patience and not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. My aim is to capture quick & safe profits, not to predict the future, this is possible only by planning ahead and waiting...
AUDCHF approaching a very stable support zone, good opportunity for a long position
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AUDNZD reached an important support level with RSI convergence, ready to go long after breakout confirmation