JPY have been trading higher across all pairs and there is a good chance it will continue to the upside above 106, Only a break below 106 will negate this setup
we will likely get a drawdown to our buy value of 3220 zones only if we get a break below support at 3330 zones, Wait for this scenario to enter longs around 3225 zones and 3265, patience is needed here
USDCAD 1,32 and !.32322 are key support zones and as long as they hold USDCAD will likely reach 1.352 in short term, 1.3752 in medium-term
GBPJPY 139.250 is key resistance and it may fall to 137 zones before bulls take over again
EURJPY broke out of Key support last week at 124.4 and I mentioned that we should wait for a retracement back to the key support and the pair have done just done and might be ready to skyrocket, Ofcourse nothing is for sure in the currency exchange market so a close below 124.2 will negate this setup and
78.4 and 78.720 are key support zones and as long as price stays above the two zones then it is a buy, however, if we get a clear break below 78,4 then this setup will be invalidated.
GBPUSD is retesting previous resistance zone now turned support at 1.281, I believe that bulls will continue as long as 1.281 is holding, alternatively, a strong break back below this zone will send the pair lower but the main scenario for now remains! Which is longing the pair above 1.281
AUDUSD is about to retest previous key support at 0.7066, The level has been holding since August 2018 and the pair has finally broken it to the upside, leaving room for more gains. 0.738 is the next key resistance followed by 0.777
XAUUSD has been bullish for quite some time now, as much as the trend can be bullish for some time there is bound to be drawdowns along the way or corrections, 1840/5 can act as strong resistance for now and we can see the commodity dip a bit before the uptrend continues, alternatively, if we get a break above 1840/5 this setup will be invalidated.
XAUUSD has been bullish for quite some time now, as much as the trend can be bullish for some time there is bound to be drawdowns along the way or corrections, 1840/5 can act as strong resistance for now and we can see the commodity dip a bit before the uptrend continues, alternatively, if we get a break above 1840/5 this setup will be invalidated.
XAUUSD has been very bullish but if 1840/5 hold then we will likely see a correction to before bulls continue to the upside. The overall structure is bullish, this setup will be invalidated only if we get a break above 1840/5.
NZDUSD I remain long above 0.64 towards 0.686. Clear break below 0.639 will negate the long setup
Usdjpy is bearish as long as the pair remain below 108.1 in medium term we will likely reach 104 zone and even 103
1.124/20 is support and 1.115 is key support. It'll be good idea to look for longs in these zones. On the upside 1.129 is resistance, followed by 1.138 then 1.145 and 1.155 - We will be looking at taking profits at 1.172 If we get a clear break below 1.115 this setup will be invalid
1.124/20 is support and 1.115 is key support. It'll be good idea to look for longs in these zones. On the upside 1.129 is resistance, followed by 1.138 then 1.145 and 1.155 - We will be looking at taking profits at 1.172
I expect $6 or $7.8 to act as good support zone and $11 as the nearest target.
NZDUSD has been our watch list for a number of days now and we are betting on NZDUSD BULLS based on The Foreign environment being favourable to the Kiwi and ofcourse Chinas economy recovery. So many things contribute to this idea but I won't bore you with the details, buy on dips towards 0.67 and 0.68
NZDUSD has been our watch list for a number of days now and we are betting on NZDUSD BULLS based on The Foreign environment being favourable to the Kiwi and ofcourse Chinas economy recovery. So many things contribute to this idea but I won't bore you with the details, buy on dips towards 0.67 and 0.68