TradeItAnyway

TradeItAnyway

Gold has broken major bullish cycle RSI and MACD also indicates broken cycle. We are in deeper retracement now, watching for 1220 - 1215 ( reaction zone) as targets as deeper retracements. recommendations: Sell at 1230 - TP 1220- 1215 - SP 1236 Buy at 1220 & 1215+/- , SP 12108 - TP 1230 - 1240 - 1252

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EUR/USD ahead of ECB - rates to be sustained at 0.0% - Attention will shift to Draghi's press conference looking for some hints - will see Draghi's stance - Neutral ? Hakish ? Dovish EUR/USD trading inside falling diagonal which can be either leading diagonal if we break 1.1370 will target 1.1310 - 1.1290 1.27% extension - Ending diagonal where price will...

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EUR/USD is still consolidating between 1.1620 bullish confirmation level and 1.1430 bearish level. Italy's failure to deliver 2019 spending budget pressure the EUR. DXY is strengthening clocking 95.90 high, in a bullish trend. A close below 1.1430 H4 or Daily candle increases selloff waves targeting 1.1390 - 1.1330 78.6% fib level and potentially 1.1250 with...

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Technically, gold 0.23% started diverging on RSI and MACD wave one indicating end of bearish cycle is ending. Wave three broke resistance trend line and 200-EMA also volumes were unusual. At wave five, we are in a sideways market inside contracting triangle. We have two scenarios, either will make a zigzag correction ABC and retrace to 1215 or 1210+ 50%...

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Gold is still highly demanded as safe haven after uncertainties still evolves on EUR and GBP collapse. The precious metal rallied also rallied after U.S equities collapsed ( Dow - SNP ) two weeks ago. Technically, gold started diverging on RSI and MACD wave one indicating end of bearish cycle is ending. Wave three broke resistance trend line and 200-EMA also...

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GBP/USD daily strong bearish engulfing pattern accompanied with strong daily bullish DXY. If we break 1.2985 and close below it by daily candle then we should extend bear bear forces targeting 1.2929 61.8% fib level, 1.2820 0.786% fib level , and potential 1.2530+ 1.27% extension. Two months consolidation period. Currently approaching lower border of ascending...