Seems we could we see a bullish market in favor of the AUD due to the following - 61.8 level pull back - support retest - midpoint trendline retest - a break and retest of the resisting trendline
As we have seen from the 1st of march 2021 Gold has created a support zone of 1685.93 and 1674.70 and has held strong since then, proven by the retest on July 2022 and once more to be tested today. co-insiding with this is the supporting trendline. we could see some bearish movement until 12:00 PM South African time when the Philadelphia Fed Manufacturing Survey...
After over 7 months of a bearish market, we began to see bullish movement yet bull traders had a resistance zone of 12786.6 and 12882.0 to overcome (excuse the pun). anyway, we then see the market has come to retest it and is acting as support on smaller timeframes, not to mention the resisting trend line therefore on the daily Timeframe. we will long the indice....
Gold is within the perfect retracement level. we can now start buying the metal.
Good day traders, we could see bullish movement for gold despite the bearish fear within the market. "Technically speaking". And we could see bullish movement for the next few months potentially till next year.
looks like gold is following our bullish prediction. you can move stop loss in profits.
There is a lot going on within the interest area being as follows BREAK OF RESISTING TRENDLINE RETESTING BROKEN SUPPORT + 1 HR SUPPORTING TRENDLINE. 61.8 BULL BACK HIT WE ALSO HAVE A RETEST OF THE SUPER LCHI ON THE 4 HOUR we may continue to see bullish movement next week until the price hits 1880.61
TECHNICALS From what we can see the market is still within the bearish channel and is soon to continue moving bearish. potentially following 1 of our options our bias will remain the same until we see a break above the channel.
After the long wait, the commodity has finally broken out of the bearish channel and we may now see bullish movement to 124.00
As we can see there is a strong indication for bears to take over this market next week ( maybe till the NFP comes out) otherwise we see no reason for buyers to push the price up higher, technically speaking. on the fundamental side, we will need to keep an eye out for the following news ...
With the markets playing out bullish in the past but in recent times the pair has failed to break the high of 1.22955 leading to a selling signal provided by the Superlchi so we can expect bearish movement in the next view days. ------------------------------------------------------------------------------------------------------ GPBCHF LIMIT ORDER - SELL PRICE...
The S&P 500 has been in a bearish channel for some time and may continue. or not... - we are retesting a support for the second time created on may 16th. - We are also in the 61.8% fib pull back - Market has cratered a bullish wedge - market has touched the resisting trend line of the bearish channel we will still wait for a price action reversal like a bearish...
we will be waiting for price to hit 115.05 we could also assume with the Russia Ukraine peace agreement that the volatility in the market will calm down
looks like the market is following out trading plan to the T well done lungu fx team place stop losses in even more profit
W may see bullish movement from this pair for the following reasons: Technical analysis bullish order block the 1 and 4 hour hit Strong support zone hit bullish triangle created on 1 - 4 hour chart the MACD has show bullish...
We believe that oil will be bullish this coming week and the next for the following reasons: we are seeing a bullish triangle forming price has respected the support zone of 94.77 - 93.30 fundamentals 16:30 USD EIA Crude Oil Stocks Change(Apr 8) happy trading
we are noticing that if the pair will come to the c point of the gartley we can see bullish opportuinty till till the resistance level we believe that price will be selling soon due to the pair hitting the 61.8% pull back and retesting support ( now resistance) Happy...
Seems like the market has meet most of what we are looking for a buy opportunity happy trading