aryoTraderX

aryoTraderX Updated 

After consolidating for almost a month, copper finally broke out of its consolidation period, and the price closed above its moving averages, indicating that buyers have gained upward momentum to continue its uptrend. Seasonally, November and December are bullish for copper due to its demand worldwide during the winter period.

aryoTraderX Updated 

Silver is expected to continue the bullish trend after breaking out of the bull flag pattern which is often interpreted as a trend continuation.

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Accumulate a long position on EURUSD on major trendline support with bullish divergence in 4 hours. I enter the position with a small size first because the trend is still bearish. I expect some reversal in November through early December because seasonality is bullish for the euro.

aryoTraderX

After several days of oversold conditions, silver has finally cooled down. I anticipate a price retracement to 32.925 or 32.520, coinciding with the 0.618 for 0.50 fib level for the value of price.

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Despite geopolitical issues worldwide, such as the Ukraine war, Gaza, and BRICS, crude oil is still in a consolidation period; the price has bounced from the lower trendline support and is expected to retest the prior trendline resistance at 76.799.

aryoTraderX Updated 

Gold is continuing the uptrend by breaking out the bull flag pattern and closing above moving averages!!! This could be an indication that buyers are still in control.

aryoTraderX Updated 

As the dollar continues to weaken after the Fed cut rates, precious metals such as gold and silver are deemed safe-haven assets. Investing in a long position in silver presents a favorable opportunity, particularly since it has recently broken out of the bull flag pattern, a sign of bullish momentum.

aryoTraderX Updated 

EURGBP is still on a bearish trend with the price failing to break the resistance & moving averages

aryoTraderX Updated 

After AUDCHF failed to stay above the resistance level and to move the average in the 8 H time frame, now the price has broken down the resistance line and rejected the moving averages that could indicate the continuation of the bearish sentiment on this pair.

aryoTraderX Updated 

After breaking out of the bull flag pattern, EURUSD constancy creates a higher high and higher low in a 4 h time frame that indicates the trend is still to the upside for the time being.

aryoTraderX Updated 

Aud failed to confirm the double bottom pattern and the bearish engulfing candle occurred instead. It could indicate the bearish continuation is still strong on this pair

aryoTraderX Updated 

Short eurjpy at retest 0.50 Fib level with price reject to stay above moving averages on 4H, indicating weakness on euro vs the Japanese yen.

aryoTraderX

Double bottom breaks out on GBPJPY. Potential trend reversal to bullish trend with price staying above moving averages.

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AUDNZD breaks out after the price fails to create a lower low on the price. AUDNZD has also reclaimed bullish momentum by staying above the moving averages and bullish engulfing the candle close above the trendline resistance.

aryoTraderX Updated 

Potential trend reversal CADCHF after weeks of a consolidation period and a trendline break out. This could be a sign of the start of an uptrend movement at least to the next resistance at 0.63705 & 0.64570 as the profit target.

aryoTraderX Updated 

After consolidation for weeks, EURGBP finally broke the trendline support, and the price failed to maintain its upward momentum by staying above the moving average. It appears that bearish momentum is inevitable, and buyers have lost momentum to the upside.

aryoTraderX Updated 

potential double bottom on GBPJPY before BOJ press conferences on Friday on Sept 20

aryoTraderX

USDCAD continues the bearish trend with the breakout of the bear flag pattern. For a couple of days, the price is still below the moving averages, which could indicate the sellers are in control.