The Yen price dropped like a stone in the past few weeks. Due to factors as dollar strength, Russian tzar wars in Ukraine, inflation. Whatever reason you may find - find it! Technically speaking, the pair is extremely overbought, it demands correction from the bottom to top of 2/3 healthy way down before it can rise again. Many scholars here, are building lots of...
OANDA:XAUUSD
In the short term pending DXY uptrend recovery, GOLD will short retesting the 1840 1855 area before sprinting back up to 1920. DXY is pending recovery after indicating double bottom position in daily chart. Gold is trying to break 1890 but hence the trading volume levels are lower Gold will try to retest the support levels. In short the gold would...
OANDA:XAUUSD
After yesterday Bearish flag formed and rising wedge broken, I see further lows, with the following notes:
1. High volatility, due to unstable situation with Iran, people running to safety buying gold and bitcoins :)
2. Market squeeze (high sporadic volumes, buy and sell) causing market to squeeze, meaning - large moves within short periods of...
