dhamirramz

dhamirramz

XAUUSD is currently resting the strong support of 1321 price zone. A possible bounce is expected to take the price action back to 1355 resistance zone. A break below the current level will take the price down to 1307. The odds of that happening depends on the strength of the Dollar if it can sustain the past few days bullish momentum. Trading CFDs on margin...

dhamirramz

DXY is currently testing the resistance around 91.10 zone which is also a 50% Fibonacci Retracement zone. A close below will take the price down through the broken trendline to 88.40 support area. A break above the resistance will drive the price action to the Yearly trendline which hasn't been tested for a while now and a possible reach to 92.00 price range which...

dhamirramz

AUDNZD s approaching our first support at 1.06000 (61.8% Fibonacci retracement , 100% Fibonacci extension ). A strong bounce might occur at this level, pushing price up to our major resistance at 1.07069 (100% Fibonacci retracement , Horizontal pullback resistance). RSI is also approaching its major support at 40%, in line with the potential downside before...

dhamirramz

USDJPY is approaching our first support at 105.55 (61.8% Fibonacci retracement , 100% Fibonacci extension ). A strong bounce might occur at this level, pushing price up to our major resistance at 106.12 (38.2% Fibonacci retracement , Horizontal pullback resistance). RSI is also approaching its major support at 23%, in line with the potential downside before...

dhamirramz

XAUUSD has reacted off its resistance at 1341.91 (horizontal overlap resistance, 61.8% Fibonacci retracement , price action). A strong reaction might occur at this level pushing price down to our major support at 1328.43 (horizontal pullback support, 76.4% Fibonacci retracement ). RSI is also reacting off its major resistance at 97%, a good precursor of a...

dhamirramz

AUDUSD has broken the trendline and the strong bullish momentum might carry it through 0.76780 immediate resistance and target the upper level of 0.77136 which is a 61.8% Fibonacci Retracement / Extension and a horizonal overlay support. RSI (default) is also approaching its major support level at 51.08%, a good precursor for a potential rise in price should it...

dhamirramz

CADJPY is approaching our first support at 82.137 (horizontal swing low support, 50% Fibonacci extension , 78.6% Fibonacci retracement ). A breakthrough might occur at this level pushing price down to our major trendline support and confluence zone at 82.000 (horizontal swing low resistance, 76.4% Fibonacci retracement , Fibonacci extension ). A strong bounce...

dhamirramz

AUDNZD is approaching our first support at 1.06150 (horizontal swing low support, 76.40% Fibonacci extension , 78.6% Fibonacci retracement ). A strong bounce might occur at this level pushing price up to our major resistance at 1.0745 (horizontal swing high resistance, 61.8% Fibonacci retracement , Fibonacci extension ). A breakout of our intermediate resistance...

dhamirramz

USDCAD is approaching our first support at 1.28916 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ). A strong bounce might occur at this level pushing price up to our major resistance at 1.30000 (horizontal swing high resistance,38.2% Fibonacci retracement). A breakout of our intermediate resistance level at 1.30000...

dhamirramz

USDJPY is approaching our first support at 105.63 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ). A strong bounce might occur at this level pushing price up to our major resistance at 106.64 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A breakout of our intermediate...

dhamirramz

USDJPY is approaching our first support at 105.63 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ). A strong bounce might occur at this level pushing price up to our major resistance at 106.64 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A breakout of our intermediate...

dhamirramz

EURJPY reacted off its first resistance level at 130.440 (61.8% Fibonacci retracement , horizontal swing low support 61.8% Fibonacci extension ). A strong reaction might occur at this level pushing price up to our major resistance at 132.190 (Horizontal swing high resistance). RSI (14 period) is also approaching highs of 47%, a good precursor for a potential...

dhamirramz

AUDNZD is approaching its major resistance at 1.0729 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement , 61.8%, 100% Fibonacci extension ) which coincides with the short term descending resistance line. A strong reaction might occur at this level pushing price down to our major support at 1.0634 (61.8% Fibonacci extension , horizontal swing...

dhamirramz

AUDCAD is currently testing the first support level at 50% Fibonacci Retracement/Extension level. If the level won't hold, it will test the 61.8% Fibs Level Support which is a confluence zone. A bounce will see it go up to 1.02279 Resistance / horizontal overlay. It's a good risk to reward ration setup. A buy Limit @ 1.00350 is a good setup to start with....

dhamirramz

EURAUD is currently testing the resistance level of 1.6067. A confirmation will see it dropping to 1.50444 support. RSI is oversold and there is a hidden divergence by forming the HH on RSI and X & D axis respectively. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

dhamirramz

GBPNZD is now testing a strong resitance area of 1.93320. A break and close above the level will meet another resistance at 1.93830. A bounce and retest on either levels will see it fall to 1.89460 where there is a strong support level RSI is overbought and has formed a HH while the X & D axis has formed the HL which is a divergence. Trading CFDs on margin...

dhamirramz

EURJPY is heading for a major support, and is expected to bounce back into rally back to 132.400 resistance zone, thereby completing the XABCD pattern. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

dhamirramz

For EURUSD we are looking at a short buy for about 80-100 pips and then head back down. we will see how things play out at the opening of the market. It is advised to wait for the retest before going long as an extra confirmation RSI has formed a low while the X & D axis has formed the higher high which is a divergence. Trading CFDs on margin carries high risk....