BlackPipper

BlackPipper

The pair is neutral after posting a sign of weakness on the 4-hour chart. For a bearish confirmation, need to break 1.0900 to enter shorts.

BlackPipper

We can see a bottom reversal pattern in the pair. A big bar closing near the highs indicates strong buying pressure. Good to buy now or wait for a minor pullback.

BlackPipper

NZDUSD is consolidating gains near the top. The bullish bar with a close near the mid of the bar, followed by consolidation shows a pause in the bullish trend.

BlackPipper

The volume shows strength. The price bar has higher spread above the resistance. Good to buy and hold. As long as price stays above 166, it will aim to hit 168.50.

BlackPipper

Sell on retest of 1.1805 level with a no-demand bar. Enter the trade with stop above the swing high at 1.1815 with the target of 1.1770.

BlackPipper

Gold is going nowhere unless new impetus hits the market. Right now Dollar strength and Gold's safe haven appeal fighting with each other. The gold's outlook is however, still very negative that may lead to $1682.

BlackPipper

Gold has a make or break point at $1700 mark. Here, the metal will find new buyers or new sellers. However, the path of least resistance lies on the downside.

BlackPipper

Gold buy now at 1851 SL 1841 TP 1861

BlackPipper

The metal has formed a stiff support at $1846 and is looking to retest the last week highs at $1874.

BlackPipper

Gold has a demand zone which is providing support to the buyers. You can buy at that level to target the previous top on 1-hour chart.

BlackPipper

Short AUDUSD at 0.7545-50 Rationale: Dollar strength is evident today. Aussie is weak and may continue to retrace lower to test yesterday lows.

BlackPipper

AUDUSD bears are gaining tracion after breaking horizontal support area. The pullback may extend down to 0.7450 area.

BlackPipper

Rationale to trade: 1. Big bearish Doji on D1 2. Overall sentiment is favoring USD in short-term 3. H1 chart pointing at the same corner Sell the pair on any up move within 1.3350-70 with SL around 1.3450 and TP 1.3300, 1.3250 and 1.3200.

BlackPipper

Rationale to sell: 1. Pin-bar on H4 2. Pin-bar on H1 3. Retest of a broken trendline As long as the price remains below 1.2190, bearish sentiment will prevail. Any upside will be a selling opportunity.

BlackPipper

You can buy near the support line (horizontal level) depending on the price action shown around the area. Potential bullish pinbar pattern may confirm the buy entry.

BlackPipper

wait for trendline to break

BlackPipper

The pair has hit the multi-month high and now retreating. It may initially target the rising trendline and if been able to break, then it may lead to the broken horizontal level.

BlackPipper

Look for the price action to trade the EURGBP near 0.8860 area. If bulls appear, there would be an upside of 40-80 pips but if the level is broken to downside, it can be a dip of 100-150 pips.