OANDA:EURGBP has broken the last Lower High indicating an inception of new bullish trend. Currently, It's trading at support level which previously acted as a strong resistance. We can look for buying opportunities at premium fib levels of 38-50%
OANDA:USDJPY has been in bullish trend. With the recent intervention of bank of japan with over 3.4 trillion yen, It has seen strong move downwards strengthening yen. As, the price is trading at premium fib levels of 50-78% , It can retest ascending trendline and bounce up from there making it an attractive level to look for buying opportunities
TVC:USOIL price has dropped due to cooler global demand recently. Currently, It is trading over strong support zone of 80$ which previously act as a resistance. We can expect potential bullish move from this area before it decides to continue its downtrend.
OANDA:AUDCAD has been trading in ascending parallel channel. Currently, It's trading at premium fib levels of 61-78% of 1H recent range. Considering the fact that bank of canada has cut rate seeing inflation coming to expected target, we can look for buying setups
FX:NAS100 has seen a massive sell off day after making record all time high. It has formed a bearish divergence and broken the last Higher Low indicating continuation sell off. We can wait for its retracement up to premium fib levels of 50% and look for selling opportunities.
OANDA:NZDCAD has been forming Higher Highs and Higher Lows. Currently, It is trading at premium fib levels of 50-61% along with ascending trendline retest. We can look for long opportunities from here
TVC:US02Y has been trading to attractive levels fibonacci levels of 50% resulting in formation of bullish flag. Price is projected to go to 5.5% according to flag pattern. Recent NFP had higher than expected unemployment claims. Will this scenario attract investors to buy more bongs ? What do you think will be impact of bullish bonds yield to the price of GOLD ?
OANDA:USDCAD has been forming Higher Highs and Higher Lows. Currently, It's retracing to premium fibonacci levels of 50-61% where we can look for long opportunities
OANDA:EURNZD has been forming series of Higher Highs and Higher Lows. Currently, It's retracing towards premium fib levels of 50-60% where we can look for buy opportunities
FOREXCOM:CORN has completed it's ABCD harmonic pattern and currently trading in potential reversal zone. We might see possible bullish move here and can try to look for buy side opportunities
FOREXCOM:CORN has completed it's ABCD harmonic pattern and currently trading in potential reversal zone. We might see possible bullish move here and can try to look for buy side opportunities
OANDA:GBPAUD has broken a strong descending trendline indicating a potential bullish momentum ahead. As it has made a new high and currently retracing towards fib premium levels of 38-50%. We can look for buying opportunities at the confluence of fib and trendline retest.
OANDA:EURAUD has broken the descending trendline and has made a new high. Currently, It has been retracing towards premium fib levels of 50-78% where we can look for buy opportunities.
OANDA:GBPUSD has moved more than 100+ pips down on NFP. Currently, It has been forming Higher Highs and Higher Lows of 15min TF indicating the potential correction of unsustainable new momentum. We can look for long opportunities
OANDA:EURCAD has been forming series of Higher Higher and Higher Lows. Currently, It is trading in golden zone of fibonacci 50% where we also have trendline retest. These confluences suggest we can look for buying opportunities in EURCAD
TVC:GOLD looks like it's gonna give a major retracement towards fib 50-75% levels on daily timeframe. As It showed bearish momentum and broke the major support areas before that, It's now trading in premium prices to look for short setups
OANDA:GBPCAD has been in bearish trend. Recently, It broke the last low with great selling momentum. It has been retracing back to fib 50-75% discounted levels where we can look for selling opportunities up to recent low.
OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.