dcm2020

dcm2020

To see GBP/USD not able to close above 1.7200 was very negative from investors point of view. 1.7000/7300 zone is a very strong resistance zone which we can see very clear in this graph. When the second candle (july 2014) was not able to close above this zone but instead closed with a bearish pattern, everyone started to sell hard and now we are at 1.58...

dcm2020

gold still in a bearish trend and soon he will finish wave 5 and than we can see a bullish reaction. Last week we just broke the triangle (wave 4) and we are now going lower with target around 1,083 (0.50% fib of the record low and record high). Also watch the trend line (blue line) which is working very strong as support. Also keep in mind that this is a long...

dcm2020

Looking at the technical point of view, I can see more to come on USD/JPY. The area that I many people will take profit of the positions is 120.00 (0.61% fib of 1998 high and 2012 low + upper line on pitchfork + trend line + great size to be wave 5). I'm already long and will buy in every correction above 108.00.