Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 116.00/10 levels at this moment, after having reversed from 114.50 levels earlier. The pair has since traded flat and there is no major structural changed for now. Please note that the expanded flat structure seems to have terminated at 114.50 levels […]
Technical outlook and chart setups: Gold is seen to be trading at $1,341.00/42.00 levels at this moment, as expected and discussed earlier. Please note that the metal broke out of the tight consolidation range just ahead of Fed rate. The yellow metal is seen to be in its last leg rally towards $1,350.00/60.00 levels. The […]
Gold price has bounced towards $1,350 as we expected after breaking above $1,325. Price has reached the 50% retracement of the decline from $1,375 and is expected to reverse lower again to new lows below $1,310. Red line – trend line resistance (broken) Gold price has bounced towards the upper cloud boundary in the 4 […]
Overview The gold price keeps trading above the intraday bullish trend line, while facing resistance formed by the EMA50 at 1,325.00. The price needs to breach this level continue the bullish trend on the intraday and short-term bases. In general, the bullish trend scenario will be still valid and active for the upcoming sessions as […]
Since our previous analysis, gold has been trading sideways at the price of $1,320.00. According to the 4H time frame, I found strength in the background. I found bullish engulfing pattern, a double bar low with a higher close with ultra high volume demand and the morning star formation. All of these formations happened near […]
Gold price continues trading sideways and remains below short-term resistance levels. Once the trading range of $1,310-$1,325 is broken we will see either a move towards $1,280 or $1,350. Red line – resistance trend line Gold price is below the red trend line resistance and below the 4 hour Kumo. The trend will change only […]
Technical outlook and chart setups: Gold is seen to be trading at $1,318.00/19.00 levels at the moment, after having hit lows at $1,311.500 yesterday. Please note that the metal continues trading/drifting sideways in a tight range between $1,315.00 and $1.323.00 levels respectively. The yellow metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going […]
Turn bullish on NZD/USD above fractal support at 0.7015 for a rise to 0.7140 which is the 50% retracement of our entire move and also a fibonacci projection level. Our stop loss remains at 0.6920. We can see that the RSI is on support, and this helps our bullish view for a bounce above 0.7015. […]
USD/CAD has formed a double top reversal, which just got confirmed. This triggers a bearish move down to 1.3140 which is fractal support (fibonacci retracement + horizontal support). Our entry is at the 50% retracement of 1.3200 with our stop loss at 1.3245. We can see that the RSI has also broken below its ascending […]
When the European market opens, some economic data will be released such as the German 30-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and German Import Prices m/m. The US will release economic data too such as Crude Oil Inventories, Pending Home Sales m/m, Durable Goods Orders m/m, and […]
In Asia, today Japan will not release any economic data, but the US will release some economic data such as Crude Oil Inventories, Pending Home Sales m/m, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S […]
The index is still looking to find a catalyst that allows a rebound to resume the overall bullish bias, as the 200 SMA on the H1 chart is still offering dynamic support. That’s why we would like to see the US Dollar bullish as long as it makes a breakout above the 97.27 level, with […]
The support zone of 1.3076 remains untouched, and the Cable’s bears are still struggling to extend the decline below that level. However, the 200 SMA on the H1 chart is still weighing on the pair, and that’s why we have been seeing some sideways moves ahead of the Fed’s interest rate decision due today in […]
Overview The gold price shows bullish rebound signals now in attempt to move away from the intraday bullish trend line shown on the chart. Stochastic positivity on the four-hour time frame supports our bullish trend expectations today. A breach of the 1,329.00 level will help the price continue with its upside track for the rest […]
Since our previous analysis, gold has been trading sideways at the price of $1,320.00. According to the 30M time frame, I found strength in the background, which is a sign that selling looks risky. There is a successful test bar at $1,319.00 (point of control). The price respected the 21SMA, which is a good sign […]
Gold had not much action yesterday as has mainly been trading sideways for the last couple of sessions between $1,310 and $1,330. The short-term trend remains bearish as the price is making lower highs and lower lows. Important medium-term support is at $1,280-$1,300. Red line – resistance trend line Gold is below the trendline resistance […]
Technical outlook and chart setups: Gold is seen to be trading at $1,316.00/17.00 levels at this moment, after having hit lows at $1,312.00 yesterday. Please note that the metal is trading/drifting sideways in a tight range between $1,315.00 and $1.323.00 levels. The yellow metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going forward, […]
When the European market opens, some economic data will be released such as Belgian NBB Business Climate. The US will release economic data too such as the Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, and S&P/CS Composite-20 HPI y/y. So amid the reports, EUR/USD will move with low to medium […]
In Asia, Japan will release the SPPI y/y, and the US will release some economic data such as the Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, and S&P/CS Composite-20 HPI y/y. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL […]
EUR/USD: This pair made a faint effort to go upwards yesterday, but nothing has really changed. There is a “sell” signal on the 4-hour chart, and there is a high probability that the price would go further downwards this week, especially in the face of expected stamina in USD, which would aid bears. USD/CHF: The […]
USDX is trying to extend the decline below the 97.27 level, and it targets to test the 96.60 level, which is below the 200 SMA on the H1 chart. Bulls are still leading the road on the index, but as long as the USDX succeeds in breaking the latest lows, it could try to resume […]
Overview The gold price is testing the intraday bullish trend line shown on the chart. Stochastic reaches oversold areas, creating a positive factor that we are awaiting to make the price resume the main bullish bias that depends on the stability above 1,297.75. Therefore, we are waiting for positive trades in the upcoming sessions. The […]
Since our previous analysis, gold has been trading downwards. The price tested the level of $1,313.38 in a high volume. According to the 30M time frame, I found a sign of strength in the background. There is a climax bar and very high volume down bar but closed in the middle. I saw successful testing […]
Gold remains in a short-term bearish trend after topping at $1,375 on July 11th. Since then, the price is steadily moving lower in what seems to be a large-degree correction with the initial target at the $1,300 level. The area of $1,280-$1,300 should provide a bounce that will clarify if we continue heading to new […]
The price has dropped well from 0.7015 previously. If you had taken positions at this level, continue to add onto your position for a further drop to 0.6920/0.6950. Stop loss remains at 0.7040. We can see how the 0.7015 is a very strong resistance level as the price keeps failing to strongly surpass it. The […]
AUD/NZD bounced right above our stop loss at 1.0655 and is rising towards our target. This is the updated view; as we can see the first resistance would be at 1.0755 before our target of 1.0800. We keep our stop loss at 1.0655 as it remains the fractal support (fibonacci retracement + graphical overlap), and […]
Technical outlook and chart setups: Gold is seen to be trading at $1,317.00/18.00 levels at this moment, after having hit lows at $1,313.00 during early trading hours today. Please note that the metal might still unfold a countertrend rally towards $1,350.00/60.00 levels going forward. The wave structure also indicates that the drop from $1,375.00 through […]
When the European market opens, some economic news will be released such as German Ifo Business Climate. The US will not release any economic data today, so amid the reports, the EUR/USD will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1020. Strong Resistance: 1.1014. Original Resistance: 1.1003. […]
In Asia, Japan will release the Trade Balance, but the US will not release any economic data today. So there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 107.14. Resistance. 2: 106.93. Resistance. 1: 106.72. Support. 1: 106.46 Support. 2: 106.25. Support. 3: […]
The index is looking to perform a consolidation above the support level of 97.27, and we can expect further rallies towards the 97.74 level. A breakout higher can lead it to reach higher levels in coming days. The bullish bias will remain alive, at least until this Wednesday, before the Fed’s interest rate decision takes […]
