SMZ_SIGMACAPITAL

SMZ_SIGMACAPITAL

Price continues to push to the upside with a strong signal of BULL FLAG

SMZ_SIGMACAPITAL

Now, let's move to a lower timeframe. Price shows strong support as I mentioned earlier in my previous post. A double bottom chart pattern shows a strong rebound to the upside

SMZ_SIGMACAPITAL

The chart shows strong support at the neckline of the weekly chart

SMZ_SIGMACAPITAL

As i posted yesterday on this chart. DXY has broken the 4h tf trendline and hovering above support. DXY have inverse correlation with EURUSD. Here are the scenarios: 1. A potential push to the downside 2. A strong pullback to the trendline before price going south 3. Or the short positioning will be invalid if theres a strong bullish candle Lets wait and see

SMZ_SIGMACAPITAL

DXY weekly chart shows strong momentum to the upside with the bullish trendline remain intact. The weekly chart has created a few Lower Highs pushing Dollar further north. There is a strong possibility that Dollar could make a breakout next week with not much of a movement after NFP announcement earlier. Let's wait and see.

SMZ_SIGMACAPITAL

Price gracefully touched 1281 as I posted previously. There is no clear direction yet with the price hovering on a steady base at neckline. I am monitoring Dollar index closely to get a clear sentiment of DXY.

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I am zooming in further in Daily TF, to get clarity on key Support & Resistance level. Previous Candle stick shows a strong rejection bar, giving a strong signal for declining supply to the downside. However, I am still sceptical and alert at the neckline support.

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Gold price is hovering at strong neckline above 1280. I am waiting for a reversal signal to the upside for a strong confirmation for buy. breakout below 1280 and pullback for a confirmation sell.