Comments and Levels on Chart
The leg bearish may not be over yet, overcoming faster TARGET 1 shows a certain strength of the downward pressure. Just below we have interesting levels that can be seen from the market. Support on NL+FIB. 'llI do appreciate all views be it a like or comment ! Thanks Signal Suisse
The trend is proving strong, but the market awaits the announcement of interest rates scheduled for tomorrow. The expectations of a rate cut is still strong, and if the RBNZ will cut them, we may see a major sell-off, while keeping intact the main bearish trend (M and W Time Frame). Despite this important technical rebound, we do not have the elements to define it...
RBA rate cut expectations continue to get pared back : The probability of easing at next week’s meeting is now at 50%, down from 80% a fortnight ago. Although Gov. Stevens stated that a rate cut ‘will be on the table’ (for discussion) at the May policy meeting (and he speaks again tonight), it seems that a better-than-expected March employment report and a sturdy...
During the Asian session we have seen a slight consolidation, the ABCD has not yet reached its goal and on the daily chart does not show any overbought. Technically speaking, at the moment we do not see any signal or bearish reversal. The dollar index could confirm that the swing is not yet finished. The nearest support we can see it in area 1.08160, while we...
The movement began last week, is symptomatic of the mood operated, therefore our expectations are for a further weakening of the gold. Our attention levels (target) are clearly posted in the chart above, while the published chart below, highlights a possible pullback up area in 1192/1197, from these levels our expectations are for a further downward leg. PULLBACK...