As the presidential election has almost concluded. We can expect gold to be bearish from here on out due DXY picking up strength. Also on the technical side, we can observe Gold making a Head and Shoulder pattern with a 4HR RSI Divergence. We can now short gold on the retracement of the move down or the candle closing below the dotted neckline.
PBF has been in an uptrend and currently has been retracing and resting at a strong support level paired with a Bullish Divergence on the Daily. Buy Stops above 34 can be placed for a safe ride upwards.
Intel is in a aggressive downtrend with no signs of any upside and as shown the downtrend will continue to make new lows.
Currently Qcom is ranging and positions at CMP should be avoided, as shown above buys or sells can be taken upon the break and retest of the key levels
Microsoft is currently sideways and will continue this movement for now. To cash on this sideways movement we can play support and resistance to buy and sell on key levels until it makes new Highs.
A Symmetrical Triangle can be observed and paired with the bullish momentum that Nvidia has shown in the past we can take Longs on Nvidia both conservatively and aggressive.
NZDUSD has been in an uptrend and after a slight downward consolidation we can expect it to move bullish again. Also we can see that there is a ABCD haramonic pattern with a 30Min Bullish Div.
DXY has broken its bullish trend and will most likely post a LL and retrace from this point to make a LH. Today's NFP can help DXY in retracing a little.
EURCHF has been in a downtrend on the bigger timeframes and currently has formed a Rising Wedge with a bearish divergence which aligns with the bigger timeframe bearish bias.
NZDJPY has been in a downtrend and will likely to continue that trend as it is posting s a bearish flag continuation pattern. Also a 15 Min Bearish Divergence on the Rsi can be observed.
EURNZD has broken its down trend and has retested the trendline. A buy entry can be taken with the intent of the EN to make a new HH.
EURNZD is forming a Descending triangle pattern on the 4Hr with a bullish divergence. Upon the breakout and restest of the trendline we can take a long trade.
Gold has been in a downtrend and will most likely continue in the downward journey as it is forming a Bearish Flay continuation pattern with a large bearish divergence.
NZDUSD has posted a double top formation with a divergence. Sentiments are also bearish. A short trade with 1:1 can be taken.
AUDCAD has been rejected at the daily resistance level forming a Double Top/ with a 4h Divergence. Sell Stops can be placed at the Neckline. Sentiments also indicate for a reversal
GBPUSD has formed a double top and a 4h Bearish Divergence. Also sentiments are 84 Short. Sell Stops can be at placed 1.26419 the break of LH.
EURUSD is currently at the PRZ zone with a bearish divergence. We can expect a short from here. Sentiments are also +91% short.
On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.