Razvan

Razvan Updated 

GOLD is rallying. It might end up retesting the up trend line. There it will find a good resistance area which might push the price back towards 1128.00.

Razvan Updated 

EURUSD traded during the Asian session below 1.1270 resistance. My idea was that it will continue towards 1.1290. At this point I would revise this view. A close of this hour, before the London opening, below the up trend line would signal a bearish move which could end up testing 1.1200 area.

Razvan Updated 

In my previous analysis I was saying about some bullish signals. All were invalidated by the dip triggered after the ADP release (200k, above expectations). Now the price reached the PRZ of a Cypher pattern. A bounce from here could send the price back towards 1128/30 dollars per ounce.

Razvan Updated 

The price of EURUSD finally broke the upper line of the Descending Triangle. I am expecting a drop, confirming the ascending channel, but the general direction on medium term is still up.

Razvan

Gold is testing the uptrend's line. Will the price bounce back and head towards 1200 dollars per ounce, or break below and retest 1165 level. I would rather go with a break and a $10 plunge.

Razvan

I have seen this idea already posted, I am also doing it because I believe it could happen.

Razvan

The price of EURUSD broke support after the ADP release, Next local support found at 1.1175. Breaking below it could send the price down to the trend line (blue one on the char).

Razvan

False break below support area, possible hammer, positive divergence on the 14 RSI, Falling Wedge - these are some bullish signals which might announce a rally for gold. The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if...

Razvan

We might see a pullback for the EURUSD before hitting 1.2900. A local support is found at 1.1230, and the next at 1.1215.

Razvan

The EURUSD started trading sideways. A Symmetrical Triangle can also be drawn on H1 and H4 charts of this currency pair. Considering this, would be pretty hard to determine what is the next move. I would wait for a break outside the range between 1.1214 - 1.1114. A break above the resistance would signal a rally for which I have as a target the area around 1.1300....

Razvan

It is reasonable to say that this up move for the Euro, for the moment is just a correction for the big down trend (on a daily chart). My scenarios would be the following: 1. The price will stop before 1.1300 and draw a Double Top (look at the 60 min chart). This scenario would also be sustained by the Daily chart with the Bat pattern emerging from the latest...

Razvan

Morning everyone! The wedge did a pretty good job. No I can see that the rally took a break. On a very short term I would say that there is a good chance for the price to break 1.1240 and reach for 1.1260/65 resistance. Don't forget that there are some important economic indicators scheduled for today from US ad some for EU.

Razvan

Zoomed out and now it looks bullish. A break above 1.1120 is a bullish signal, but a break above 1.1145 would be a strong bullish signal. Looking at the price action 1.1180 could be hit in the next couple to several hours if 20 is broken.

Razvan

think there is a good probability for the EURUSD to target 1.1000. But it might not be that steep. Economic data coming up. A brea above 1.1120 and the upper line of the Falling Wedge could trigger a positive move for the Euro.

Razvan

Look at this interesting situation. On a daily chart it is pretty obvious that the price broke the upper line of a descending triangle, but now bears are pushing the price lower. On a 60 minutes chart we can see that the price has moved sideways for a while, but now there are signals that it can continue to move lower. A break below the local support could signal...

Razvan

EURUSD is trading sideways. 1.1180 proved to be stronger than I was expecting. A break below the local support would signal a drop towards 1.1070, while a break above 1.1140 i believe would signal a rally to 1.1180.

Razvan

The 60 minute trend line I drew on Friday worked. I sincerely thought that the price would go a bit lower before rallying again. I think that on short term we might see a retest on 1.12. Local resistance 1.11800

Razvan

Look at this price action on Brent. On the daily it is visible that the price is close to the 38.2 Fibonacci retrace and XA=BC. The PRZ (potential reversal zone) could be between 70 and $72, buuuut... look at the 240 min chart. Perfect Rising Wedge with a very interesting divergence on the MACD. And we should add the fact that $70 is actually an 127.2 expansion of...