Mihai_Iacob

Mihai_Iacob

EurJpy is consolidating well above the psychological level at 120.00. We can expect a next leg up with the target around 123 resistance. Buy @ 121.10 SL @ 119.90 TP @ 123.00

Mihai_Iacob

After the double bottom around 0.65, AudChd rose steadily, and now is facing resistance at 0.683-0.684. We believe that this resistance will be broke and the pair will rise towards the next major resistance at 0.6850. A drop below 0.6780 will negate this scenario. Our preference: Buy @ 0.6830 SL @ 0.6780 TP @ 0.6950

Mihai_Iacob

EurUsd is flirting with short term resistance laying at around 1.1180. A break here would expose 1.1250 resistance. A daily close under 1.1050 would negate this scenario

Mihai_Iacob

On 21.10 EurNzd broke under rising wedge pattern support and dropped to the next support at 1.73. This drop was followed by a correction and a confirmation of 1.75 being a new resistance. Now the pair is trading under 1.73, and a daily close under this support would expose 1.72 followed by 1.705-1.71 area

Mihai_Iacob

Last week AudUsd broke 0.6880 resistance and is trading well above it. Also, this resistance coincides with the neckline of a double bottom formed in 0.67 area. We believe that the pair will maintain its uptrend towards at least 0.7. The measured target for the double bottom formation is around 0.71

Mihai_Iacob

After a brief drop under 1500, XauUsd reverses and finish the week above the psychological level of 1500. Friday we had another attempt buy buyers entered the market and finish the day at around 1514. Now gold is trading just under the short term resistance and we believe that this resistance will be broke. A break here would expose 1535 zone and 1550 further up.

Mihai_Iacob

After a strong rise of 1000 pips in just a few days, GbpJpy is consolidating forming a pennant. We believe that a next leg up is coming next week towards 145. A break and a daily close under 139 would negate our scenario and would expose 136 support.

Mihai_Iacob

GbpNzd is in a clear uptrend. After making a top just above 2.05000, the pair corrected towards 2.0000. The correction seems to be over and the pair resuming to the main trend. 2.05000 could be the target for next week

Mihai_Iacob

UsdJpy didn't manage to break resistance yesterday and formed a pin bar instead. This gives us reason to sell with the first target 108 area. A break here would expose 107

Mihai_Iacob

UsdCad corrected aggressively from 1.30500 support and reached resistance, which coincides also with Fibo 50% of the recent drop from 1.33500. We believe the correction is over and the pair will slide to test support (130500) again. A drop under 1.3140 will confirm our view.

Mihai_Iacob

EurJpy broke 120 figure and is consolidating above, forming a flag formation. As long as price stays above 120, we can expect the pair to move up, towards 123.00

Mihai_Iacob

GbpChf is in a clear up trend, and in the begining of the month rose aprox 700 pips in just few days. After that the pair consolidated formimg a pennant. The resistance of the patern was broke today and we can espect a next leg up coming

Mihai_Iacob

Gold found strong support in 1475 area. Last week it broke the descending trend line signaling that the correction could be over. Now is trading above the psychological level of 1500. We believe that a next leg up is underway and Gold is heading towards 1550 in medium-term

Mihai_Iacob

After reaching a maximum of 1555, gold dropped to 1460 in a corrective manner. We believe this correction is over and a new leg up is coming. At the moment the gold is trading above the psychological level from 1500 and above the downward trend line that offered resistance until yesterday. Buy dips around 1500 could be a good strategy, at least a retest of 1550...

Mihai_Iacob

WTI(USOIL) found a very strong support above 50.00 area. Two days ago broke short term resistence at 55.00 and is trading at 56.00 now. We belive OIL will trade upwards in the next few days, towards 57.50. Buy dips could be a good strategy with 56.00 as support.

Mihai_Iacob

After a perpendicular drop of more than 400 pips, EurGbp found support just under 0.86. Now the pair is consolidating and a correction could follow towards 0.88. Also, a long position now could have 1:3 R:R

Mihai_Iacob

After a run from 1275 figure to 1550. Gold corrected and consolidated. We belive we will assist to a next leg up above 1550. A close above 1500 will confirm this scenario

Mihai_Iacob

NzdCad found strong support around 0.8250 and formed a double bottom. The neckline of the pattern is lying around 0.8450. A break here would expose 0.86, the measured target for the double bottom, with a stop @ 0.85 zone