EURUSD 9/7-9/10( 1.1910 - 1.1880 ) - Strong resistance poses a serious challenge to the upside momentum. odds of a downturn near 1.1800 can't be rule out.
The corrective pull back will have to cross 1.1920 to convince buyer for another battle.
Uklee
XAU 9/7 - 9/11resistance confluence 1827-1832, poses a serious challenge to the down side momentum. if have a fail beak out at here,
a opportunity for seller, target 1805 or 1785. Opposite this resistance is broken out, buyer may be continue long Gold, 1875- 1850 become crucial level to watch
GBPUSDThe current advance is corrective and that buyer may soon return. 1.3780 - 1.3750 important support to watch.
Swing -> breakUSD/CAD defends 1.2600 amid downbeat oil prices, sluggish markets. USD/CAD holds onto the previous day’s recovery from a fortnight low while picking up bids to 1.2617 during Wednesday’s Asian session.
=> Moving on, US employment-related data and ISM Manufacturing PMI for August will be important for the near-term market direction ahead of Friday’s jobs report.
+ The USD/CAD currency pair tested the support level at 1.2581 during Monday's trading session. However, if the currency exchange rate fails to break the support level at 1.2575 - 1.2550, a brief pullback towards the 1.2650 or 1.2710 could be expected. This support line become crucial levels to watch, bears keep reins past 1.2550, odds of a further downturn towards July 30 lows near 1.2420 can’t be ruled out.
+ On the contrary, the corrective pullback will have to cross Friday’s top surrounding 1.2710 to convince buyers for another battle with a six-week-old horizontal resistance near 1.2810 and further away 1.2880.
Short 8/31 - 9/3130 - 130.33 is strong resistance zone that poses a serious challenge to upside momentum. Seller may soon return if the pair have a fail break out.
=> May be short at price 130 or 130.33. target 129.20 or 128.50. Stoploss 130.60.
GOLD 30/8 - 3/9 - ahead of NFPGold consolidates the heaviest daily jump in two weeks around monthly top. Fed Chair Powell teased tapering but timing, rate hike concerns favored bulls on Friday. XAU/USD could target $1,830 next ahead of NFP
+ gold keeps upside break of the key 1,808-10 support confluence, previous resistance.
+ However, any further upside will be challenged by the last month’s high near $1,835. Strong resistance 1827 - 1832 poses a serious challenge to the upside momentum.
+ On the flip side, a daily closing below $1,805 will need a confirmation from the $1,800 to recall the gold sellers. Following that, $1,782 and June’s low of $1,758 should return to the charts.
AUDUSD 8/30 - 9/3AUD/USD extends Friday’s run-up, the biggest since early June while refreshing a fortnight high around 0.7320, up 0.08% intraday.
+ Australia Company Gross Operating Profits jump 7.1% in Q2.
+ A weaker US dollar, as courtesy of the dovish Fed Chair Powell last Friday.
AUD/USD buyers are on the way to the monthly top surrounding 0.7430 but 0.7360 - 0.7390 may offer immediate resistance to the pair. Meanwhile, technical indicators have bounced from near oversold readings, heading north but still within negative levels. The pair could recover further in the next few sessions, but the wider perspective suggests that the current advance is corrective and that sellers may soon return.
=> Bulls could have better chances if the pair breaks above 0.7390, a strong static resistance level, followed by 0.7430, this month’s high. The first support level is located at 0.7230, followed by the year bottom at 0.7148.
=> This week, we will become seller. Price entry 0.73 and waiting for selllimit 0.7364. Take profit 0.7230 or 0.7185. Stoploss if 0.7360 - 0.7390 resistance zone is broken.
NeutralUSD/JPY appears to be stuck in a narrow range 109.3 - 110.3.
USD/JPY may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US Treasury yields. USDJPY may track sideways ahead of the Fed symposium amid the ongoing weakness in US Treasury yields.
=> If price break out are 109.00, may push USD/JPY back towards around 108.00 - 108.40, with a move below the 200-Day SMA (107.55) opening up the 107.20 region.
=> We can wait at 109-109.30 to enter a buy order, stoploss 108.70, take profit 110.30. gud luck.
GOLD UP or DownNeed to carefully observe the important support zone 1772 - 1882. Will this zone be broken or not.?
+ If there is a bullish signal, it is possible to buy in this zone, stoploss 1769, take profit 1808.
+ If this zone is broken out, the price can fall to the next support areas 1758 and 1738 before possibly turning uptrend again.
Long-term The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.”
The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy).
Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
LongBuy at current price 1.4690 and waiting to buylimit at price 1.4630
Stop loss 1.4550, target at price 1.4790 and 1.4890
XAU USDLong position , important area: 1775 - 1785 and 1800.
1. Buy if the price falls to the zone 1775 - 1785
2. Buy if the price breaks the resistance at 1800
Long Buy at current price 0.9240 and buy limit at price 0.9195, SL 0.9135, TP1: 0.9380, TP2: 0.9430.
Long USDJPYBuy at current price 108.90 and buy limit at price 108.35, SL 107.95, TP1 110.15 and TP2 110.95
