Pivot: 1.1920 Our preference: long positions above 1.1920 with targets at 1.1960 & 1.1990 in extension. Alternative scenario: below 1.1920 look for further downside with 1.1900 & 1.1865 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 1.2030 1.1990 1.1960 1.1944 Last 1.1920 1.1900 1.1865
Pivot: 0.7940 My preference: long positions above 0.7940 with targets at 0.7995 & 0.8015 in extension. Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7890 as targets. Comment: the RSI is supported by a rising trend line. Supports and resistances: 0.8040 0.8015 0.7995 0.7967 Last 0.7940 0.7920 0.7890
Pivot: 0.9198 My preference: short positions below 0.9195 with targets at 0.9130 & 0.9110 in extension. Alternative scenario: above 0.9195 look for further upside with 0.9235 & 0.9270 as targets. Comment: the RSI is capped by a bearish trend line. Supports and resistances: 0.9270 0.9235 0.9195 0.9159 Last 0.9130 0.9110 0.9090
Expecting Gold to hit previous rejection level before moving further up..
Pivot: 1.25098 Our preference: long positions above 1.25098 with targets at 1.2580 & 1.2610 in extension. Alternative scenario: below 1.2510 look for further downside with 1.2485 & 1.2455 as targets. Comment: the RSI is mixed to bullish. Supports and resistances: 1.2640 *** 1.2610 *** 1.2580 *** 1.2542 Last 1.2510 ** 1.2485 * 1.2455 **
GBP/JPY 4HR CHART: BUY NOW TAKE PROFIT: 147.500 STOP LOSS: 145.750
XAUUSD Goes Long after heavy rejection at 1220
Breakthrough 1.32000 trend support line, We are looking at a long term sell to 1.26846 and 1.25500
Pivot: 12524.00 My preference: long positions above 12524.00 with targets at 12705.00 & 12753.00 in extension. Alternative scenario: below 12524.00 look for further downside with 12490.00 & 12390.00 as targets. Comment: a support base at 12524.00 has formed and has allowed for a temporary stabilisation. Supports and resistances: 12840.00 * 12753.00...
AUD/USD upside due to NFP, But that is if break through my black line.. If not, we should be looking at a slow bear downside
Due to NFP all USD pairs to face upside long