We've been on a downtrend since the 28th of September and considering current weakness in price we may see a downtrend till at least 107.9379 price level which served as support for the September rally.
XAU/USD is currently in an uptrend but considering resistance at the 1724 price level and the bearish momentum this morning, I'll be going short till at least1690 where we may see a potential upward continuation.
from the daily perspective we are still in a downtrend and we are most likely to see a correction before a downward continuation.
Gold has been in a bullish trend since the 22nd of September after a strong momentum from a major weekly support level, based on my analysis, gold is likely to continue Upward to 1780.000 If it fails to break below 1692.582 level which served as a previous support and area of resistance. A break below level X(1684.225) will indicate weakness in price which may...
I'm not a stock trader but when I see a stock at an overbought or oversold price, I just can't resist the temptation to analyze and if possible, catch some few pips in. Nike has been on a solid downtrend since December of last year, 2021, we are currently seeing prize at a major support level which was tested in May 2020, we may see two things happen at this...
We are currently seeing a downtrend on AUD/USD and unless we see a break above 0.66004 we cannot be certain of an uptrend. We may see the market continue to point X:0.5600 and Y:0.60050 for a bearish exhaustion before an upward reversal.
USD/CAD is currently showing signs of weakness after failing three times to break above the current resistance level. I'll be selling till at least 1.3400 where we are likely to see a correction
We are currently seeing a strong resistance to the upside, hopefully we may see a bearish market till at least 1.35462
XAU/USD has been on a bullish correction after break of 1637.045 lower high. I'm currently waiting for a break above the 1659.740 area which was a previous support level. You may set an alert around the 1637.045 to take bullish trades after further confluence. All the best!
GBP/JPY has been been on a bullish recovery since the 27th of September, for the most part of this week we have been in a range, a break above the 158.00 price level. A break below the 153.00 level will indicate a bearish continuation with further confluence.
US100 Is currently at 11099.2 which served as a level of support for the June 16 rally. Considering the fair value gap, we are most likely to see a rally till at least 12800.2, we may see a few corrections along the way but with proper risk management, we can ride the trend safely.
Dxy is looking bearish with current short formed pattern, we may see price fall to 110.520 which served as a level of resistance and recent support.
We are currently seeing strong momentum to the upside on XAU/USD and we are likely to see more buyers in the market till at least level 720.00, note must be taken of major resistance levels and psychological areas for possible correction.
The dollar index has been bullish since since the first January 2021 from the monthly perspective, after testing the 89.161 support. Price is currently approaching the 120.000 psychological level which served as a major supply and all time high January 2002
Waiting for break below structure on the 45 min to take a short term sell on USD/CAD following bullish divergence and a short formed M pattern
We are currently seeing NZDCHF at a major support level created on the mid of March this year, we may see a break below for a downward continuation of a break above for a bullish continuation.
XAU/USD is currently on a strong bearish trend which has lasted since April this year, a strong break above 1686.88 may signal a bullish correction.
The dollar index is currently in a distribution phase and I'm currently waiting for a break below level 112.913 which happens to be the most recent support, a strong break below that level will lead to a bearish market till at least point 110.520