GBP / USD is still bullish, despite the selling pressure that pushed the price from the highest peak at 1.3480 to 1.3160. It is important now to keep trading above 1.3160 to see the buyer pushing the price up towards 1.3400 then 1.3480 and attempting to make a new higher high. On the other hand, by breaking and closing below 1.3160 will lead to further...
The EUR \ USD touched the lower boundary of the ascending channel and bounced up from there, which maintains the positive scenario to continue towards our main targets that start at 1.1916 and extended towards 1.1965 and then 1.2011 Note that it is importance to keep holding above 1.1750 area to maintain the bullish scenario On the other hand, the break and close...
Oil broke and closed below the lower boundary of the price channel and continued its decline to reach 40.50; price also crossed and closed below the simple moving average 200 indicating strong selling pressure that may push the price further to the down side On Friday, the price temporarily rose to the 42.00 area to retest the 200 SMA before the selling...
GBP / NZD long term signal Price broke the upward channel on the 4 hours time frame and is now trading inside a descending channel; expected targets are 1.9810, 1.9700, 1.9550 and stop loss can be set above the previous peak at 2.0150
OIL / USD Short term signal As long as the highlighted key area is holding as resistance; My preference is short positions on OIL / USD with a First target @ 42.50 ; Second target 42.00; While a break and close above the highlighted key area will expose 43.60 and then 44.00
GOLD XAU / USD Short term signal As long as the highlighted key area is holding as support; My preference is long positions on XAU / USD with a First target @ 1958 ; Second target 1968; While a break and close below the highlighted key area will expose 1880 and then 1864
GBP / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on GBP / USD with a First target @ 1.3130 ; Second target @ 1.3180 While a break and close below the highlighted key area will expose 1.3025 and then 1.3000
EUR / USD Short term signal As long as the highlighted key area is holding as resistance; My preference is short positions on EUR / USD either at the retest of the short term down trend or at the retest of the highlighted area While a break and close above the highlighted key area will expose 1.1920 and then 1.1950
OIL / USD Short term signal As long as the highlighted key area is holding as resistance; My preference is short positions on OIL / USD with a First target @ 42.40 ; Second target 42.00; While a break and close above the highlighted key area will expose 43.60 and then 44.00
GBP / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on GBP / USD with a First target @ 1.3270 ; Second target @ 1.3305 While a break and close below the highlighted key area will expose 1.3085 and then 1.3050
EUR / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on EUR / USD with a First target @ 1.1865; Second target @ 1.1895 While a break and close below the highlighted key area will expose 1.1780 and then 1.1750
GOLD XAU / USD Short term signal As long as the highlighted key area is holding as resistance; My preference is short positions on XAU / USD with a First target @ 1925 ; Second target 1907; While a break and close above the highlighted key area will expose 1980 and then 1997
GOLD XAU / USD Short term sell signal near 1975 Possible head and shoulder formation that will be confirmed by breaking the neck line at 1926 with a target at 1863
OIL / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on OIL / USD with a First target @ 43.50 ; Second target 44.00 ; While a break and close below the highlighted key area will expose 40.80 and then 40.30
OIL / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on OIL / USD with a First target @ 42.50 ; Second target 43.00 ; While a break and close below the highlighted key area will expose 40.80 and then 40.30
GOLD XAU / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on XAU / USD with a First target @ 1965; Second target @ 1980; While a break and close below the highlighted key area in red will expose 1885 and then 1865.
GBP / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on GBP / USD with a First target @ 1.3125 ; Second target @ 1.3155 While a break and close above the highlighted key area will expose 1.2980 and then 1.2950
EUR / USD Short term signal As long as the highlighted key area in red is holding as support; My preference is long positions on EUR / USD with a First target @ 1.1865; Second target @ 1.1885 While a break and close below the highlighted key area will expose 1.1745 and then 1.1725