Palatrader

Palatrader

Weathers been pretty good in London today which is nice for once. 2000 area has been very difficult for bears to break, sitting on a triple bottom atm, was fortunate to grab some long positions today at 2002 closed at 2014. Does seem to be that we are in a falling wedge. Price is respecting the wedge as we were not able to break out and met some rejection...

Palatrader

Hope everyone is well. I love trading GBPUSD and i think we haven't tested the 1.217 level since mid Jan. I think a retrace to 1.228/1.229 and then a drop to 1.217 level is on the cards. We could also however break down through 1.223 to the 1.217 area. If these scenarios do come to life and we do reach the low of 1.217, i think it could be a good opp to...

Palatrader

Looking like we are approaching that 1900 level again after todays crazy drop! If like last time we have some strong and good rejections at the 1900 level which i think we will as we are in an uptrend. I think we can go back to the 1935 level and possibly to a new high of 1966, maybe just giving 1970 a touch. I will personally be looking the buy around the...

Palatrader

I hope everyone is well. I have been watching gold this week, lots of opinions on it both flying up and coming straight down. We did see a test of the bottom around 1920. I feel like this area has been rejected multiple times. I think this is a good sign for everyone who is Bull and looking to get a new higher high. There is some news today which can give DXY...

Palatrader

XAUUSD I am expecting a drop to around the 1920 area before climbing back up to the 1939 area. So far Gold has been respecting the trends lines, currently in an uptrend i've noticed some strong rejection at 1912 and 1917. I believe 1920 may be tested next, a strong rejection from here could see us attempt a potential new high of 1946 maybe. I myself will be...

Palatrader

Keeping an eye on DXY this week, with the petroleum stocks being announced soon as well im keen to see what may happen. I do think we may see a small move up followed by a move down however i could be completely wrong. There was a nice climb yesterday. good to keep an eye on, also watching XAUUSD, do think a small move down to 1920 then a jump on to 1939 may be...

Palatrader

EURJPY has been on the rise since early Thursday morning. Over a higher time frame i have noticed a down trend. With this in mind along side support and demand zones i think that EURJPY can slowly work its way down again to the 138 level possibly this week commencing. After this move it may try to break back up and start an up trend as we have not been able...

Palatrader

Just a short term idea possibly. Saw a nice High today with a sharp rise to 1937 - Have come back to test the 1926 level. You never know but another bounce of the 1926 level could maybe take us back to around the 1937 level again? We are getting some higher lows atm with an uptrend. However if we do break down below 1926 i do think Gold can go back down to...

Palatrader

DXY seems to be a down trend since a high of 114 in September last year. Lots of consolidation currently with where it sits, could fall further if it break our trend line below. I think if it bounces back off this trend line we may be able to visit September highs again. Does to be in a bit of a bull flag also. Lets see how it goes. Feedback would be highly...

Palatrader

Seems to be that EURJPY is right in the middle of these two trend lines with a down trend continuation. May be worthwhile to see if we can break above or below these support and resistant points. Seems to have rejected the top support a few times. Feedback would be appreciated All the best