We have seen the key resistance zone of $75.00 hold with price falling down to $71.00 into the supporting daily trendline. Looking at the weekly timeframe currently if it finishes as a bearish lower low lower close candle we could expect the market to continue lower on this timeframe.
How would we look to get involved with this?
Well the market is sitting at an...
With the trade tensions between the US and China growing we have seen the price of Gold range as the correlation between CNYUSD and GOLD still remains close. In the last 24 hours of trading we have seen a slight shift in sentiment across the markets including a 4% drop in the NASDAQ yet Gold remained fairly quiet. However now we are approaching the key level of...
AUDJPY 4hr chart continues it's downtrend making lower lows and lower highs. We are now seeing the market pullback into minor resistance at 79.80 previous structure lows. We can also see looking left that it has been used as support and resistance numerous amounts of time in the past adding to our trade idea. We also can see a 50% fib retracement lining up with...
USDNOK recently saw downside after coming into a key weekly trendline resistance combined with the Norges Bank (the central bank) talking about the potential to hike interest rates in 2019 as their economy continues to grow. Looking to the USDNOK pair technically we can see the market created new lows after rejecting the weekly trendline resistance. Using our...
