This can hardly tell through the movement, sections is segregated on the possibilities. Take double cautious on the reading from time to time. Looking at the trend are likely to breakthrough the trend as of now, looking towards to short on daily. Stay healthy and trade safe.
As of the trend it seems like 1 up and 1 down, retracing is pretty norm when it comes to double top. PS:- US ain't seems recovery much from COVID-19, it is going to take awhile. Stay healthy and trade safe.
As per looking at the chart, potentially retracing today, for a longer run. Stay healthy and trade safe.
As looking at the chart, high chances for Gold to swing up. Stay healthy and trade safe.
Hitting the trend line and retrace. Be expecting a short fall the following week, at most rallying, can't see any climbing up strength from here. Most importantly, many countries are gradually come back on the economies. Stay healthy and trade safe. (Risk management)
Looking at the chart I have pointed out, it seems like what it happened during March too. Hitting top without strength and pulling back with a huge down trend. Nevertheless to expect similar rejection now too.
US are pretty much tanking, throwing all the wild cards out. Suffering more to come. However, nothing less to EURO, both are pretty much affected by COVID-19. Stay healthy and trade safe(risk management).
Another hit on EMA200 may rise, both countries are economically suffering from COVID-19. Stay healthy and safe trade(risk management).
Rallying might happen next week, if it breakthrough it will only drive to the moon. COVID-19 continues will be a human threat same goes to economies. Stay healthy and trade safe (Risk Management).
At this moment, even if it retrace the strength aren't that strong anymore, all the wild cards has thrown out from US. COVID-19 is sinking the economies worldwide, be sure to trade carefully everyone. Stay healthy and trade with risk management.
Forecast based on daily trend, short term downtrend and then shooting star.
This is no where saying the come back of the economy, despite US is trying hard to tank it. Once this is no longer withstand, the spike is going to hit terribly bad. Very very bad looking... "Let's hope for the best for everyone" Good Luck.
As the pandemic of Covid19 bothering each and everyone of us, none the rest to the US as well. Fundamentally, US has not reaching its peak of crisis. When it comes we will see a straight up. Cheers and trade safe.
With the current conditions on the market, it is difficult to judge the movement or trend. Unless vaccine found for Covid-19, but hell the production from China resumed. Hope for its best and to everyone else.
Pure analysis based on the wave theory.
An usual practice, going lower high and lower low again. Flow it through everyone.