Last Friday Gold dropped nearly about %1.50 action came in line with the rebound in the greenback leaving the scenario of a deeper correction unfavoured for the time being. From our technical andrew's pitchfork, price might move further lower towards inside uptrend pitchfork as we see the key level support at $2,000 lower line support after price made reversal on...
US Dollar still continue moving downwards and we are looking at consolidation move inside the channel However, last week NFP results & Fed comments have little to no impact on the US dollar, as the dollar index trades on the back in Asia this Monday, reversing a part of Friday’s rebound. Strong resistance on the upper line and support on the lower line both key...
Price is still struggling to turn positive and break above 3300 as upper line key level resistance still standing strong since last week. Price is also hovering inside channel and doing retest on median line. We are targeting it move towards to retest lower line key level support and a break below indicates a change of trend towards bearish.
Sell off last Sunday but strong support key level remains on $11,000 We are still looking at bullish pattern especially price is highly moving towards $15,000 - $20,000 till end of the year if price doesn't made any reversal towards bearish trend. This week price will hovering around above the channel based on our technical
Clearly price is setting up a out-of-the-box movement towards outside the channel and indicates change of trend is confirmed. Bearish on the move! A drop on Crude Oil, we are looking from our technical view this week might head towards below $40 per barrels.
Drop in WTI prices will adds to the gains on major, as price is reverse from key level support and however downside pattern still intact. We are looking price to retest on upper line resistance key level on a downtrend channel. However price might also hovering inside channel for awhile and be alert on price break above upper line or lower line.
Price is moving towards out from the channel yet bearish bias still intact. We are looking from our technical mapping perspective as price on weekly showing towards lower line key level support 102.000 with the current weakness US Dollar. Anyway, please follow the current downtrend movement
RBA monetory policy meeting tomorrow and we might see a correction lower if the central bank expresses voices such concerns. Price also had made several attempt towards resistance key level at 0.72000 and our weekly mapping candle closed below & reverse inside resistance key level 2.618 Current movement price hovering around median line and looking at towards...
Pound didn't made any significance drop on the last trading months - July referring towards versus the US Dollar pullback strength. Price made reversal on upper line at 1.31700 resistance key level and we are looking another retest on upper line. If price failed to break above then it will fall back towards median - lower line support key level. Based on our...
Last week pullback & temporary correction towards NFP this week. We are still looking at US Dollar weakness & continue lower against EUR, JPY, AUD, CAD, NZD and others. From our technical outlook, current price is above upper line - out of the channel (support key level) at 1.17500 , if price break below then high probability to retest towards median line...
Gold somewhere near to $2,000 but failed to pierce towards 3.82 fibo pitchfork resistance key level and we are looking at price will hovering around this channel between 2.618 fibo support and any movement below towards $1,960 high probability will retest again on previous support around $1,930 - $1,910 based on our AP mapping on the chart Closing price &...
US dollar weakness here to stay & will continue downwards Our suggestion is to follow the current trend as price making pullback by end of the trading months Look likely price is under consolidation and based on Daily Resistance is somewhere 94.00 We targeting price will hovering till end of this week and towards 3.82 fibo support key level at 92.00
Looking at bearish movement after price made higher high and made reversal then as current price movement is breaking below median line and expecting heading lower towards lower line key level support
Bitcoin flying higher expecting towards $11,000 after a break on last week bullish flag on daily chart Price is currently trading out of the box and we might see a trending bullish movement after breaking critical level at $10,000 Targeting this week to head towards fibo 2.618/3.82 resistance key level
WTI (futures on Nymex) has bounced-off a dip below the 41 mark and remains on track to book the third straight monthly rise. The further upside, however, remains at the mercy of the broader market sentiment and the US supply-side scenario. Price hovering around median line level and looking a range trade towards support lower line key level for this week, a break...
USD/CAD has pushed 0.21% higher on Friday but it's still a pretty bearish week. The oil price has also suffered and the risk theme has supported the move higher in the pair. Price is trading out of the box and we are expecting movement still consolidating on a range market but a break below 1.33500 will heading lower towards 2.618/3.82 key level support fibo retracement
USD/JPY flirts with four-month lows just above 106.50 amid broad US dollar weakness. Gold's relentless rally keeps the greenback under pressure. BOJ expects Japan's economy to improve in the second half of this year. Price is currently trading out of the box and we are expecting heading lower towards 3.82 key level support fibo retracement.
AUD/USD fills in the bearish opening gap, extending the bounce back towards 0.7150. The aussie is underpinned by the relentless US dollar sell-off across the board amid a mixed market mood, upbeat Chinese Industrial Profits data and RBA Kent's speech. Price made reversal around median line and reverse back towards upper line 'hagopian rules' targeting movement...