Kyriakos_CFTe

Kyriakos_CFTe

Gold maintained its upward momentum, while a negative divergence formed with the RSI oscillator. As the price reached its new ATH (all-time high) at 2,530, the RSI oscillator remained in bullish momentum above 50 and formed a negative divergence which Is an early warning for a probable retracement. Next levels lower to look at 2,446 & 2,360

Kyriakos_CFTe

US100 coming from an upward trend, where the price after reaching its ATH (All Time High) at 20,760 followed a retracement earlier this month at its upward trendline and bounce. The price reversed and is currently consolidating between 19,442 and 19,928. A continuation higher is anticipated with the next probable target at its inside resistance level of 20,150.

Kyriakos_CFTe

GBPCAD is trading in an ascending channel, where the price retesting its recent highs at 1.7825. Further higher at its next resistance level 1.7872 a resistance from Feb 2021 is lying ahead whereas a reaction for a retracement lower is anticipated with the next target ahead of 1.7650.

Kyriakos_CFTe

GBPUSD trading in an upward channel, where the price is currently trading below its upper band. However, a retest of the upper band level along with the resistance at 1.3140 is probable before the retracement lower. The RSI currently is at its overbought level strengthening the opinion of a retracement. Next probable target is at 1.2920 and if continue lower...

Kyriakos_CFTe

EURUSD following its strong bounce back earlier this month, the price has traded in an upward channel momentum. Currently, the price has retested the upper band, where a probable retracement is anticipated. Although, continuation toward its EMA 20 at 1.1098 as the first target, where a continuation lower set the EMA 50 at 1.1045 a second target

Kyriakos_CFTe

Gold broke below its upward trendline and retested it below twice, forcing the price to trade lower below 2,050$ psychological mark. Further downside is expected with a 2000$ price target ahead, aligned with the 200-day SMA. A decisive close below the 2000$ mark, set ahead 1,880$ price level.