Gold is very bullish. We waited for the pullback and retest of the breakout trendline.
Reversal rising wedge in play. USD is oversold in the short term.
On Friday the 21st, we saw the USD drop on a bad Monthly Budget Statement. This has given us reason to think that investors will not be looking at the dollar as a safe haven currency. There might be a long term trend reversal in play next week ahead of the ECB Interest Rate Decision. An increase of the interest rates should act as bullish catalyst for the...
Hello Traders, Gold is showing some great bullish signs. The fundamentals are there and every timeframe is showing some form of bullish continuation. Gold has not broken the downtrend and is not worth selling as of now. Good luck.
BTCUSD provided us with a nice bearish head and shoulders pattern. This gave me a confirmation for bearish continuation to the downside. $34600 is my target.
🔥 BTCUSD: SMA 50 Crossover Buy Signal Buy signal triggered. My target is the 0.618 fib extension level.
AUDCAD Has hit the descending channel trendline and could be ready to head lower towards the bottom of the channel.
GOLD (XAUUSD): Ascending Channel Short to Support Price action analysis on GOLD. The precious metal has shown resistance at the level of 1960 and closed the day in the ascending channel. This has given me confirmation we are not ready to leave the ascending channel just yet. Most likely we are going to test the bottom of the ascending channel once more. Keep...
Double top formed. Wait for bearish engulfing candle to close to look for potential entry point.
Cable broke out of the down trendline. We will retest on monday. positive brexit news will help us reach our target even faster.
EURJPY pulled back to the 61.8 Fibonacci retracement level. This is my view on EJ.