Gold is hesitating to reject the 0.00 level on the fib as well as being near the 50 EMA on the 1HR waiting for a push up
GJ holding 158 to 163, if there is massive shift.. 167 target
We took a bullish previous week on the pair , it has been on a bullish wave since last month ,price retested the OB created in the last weekNFP , gaining liquidity i project my target to 86.69
Here i share my view in the new week trades ahead , and also giving some recap, on the previous week trades
gold technical chart trending higher weeky volume is building higher,, price can break through highs,, or trend low.. meantime we juts look and see.
gbp is consolidating and yen is gaining strength as of now. I expect this suport to be broken through with ease. and for price to consolidate at new lows. (around my target.)
aud is bullish and pound is consolidating. I am expecting aud to push gbpaud to new lows.
usdjpy analysis went perfectly. Considering the yens strength and NFP coming up tomorrow I wouldn't place longs just yet. I would wait for a little bit more of confirmation. I will update you guys soon enough. Great trade on this pair!
Euro is bullish even after the news compared to pound. Eurgbp will reach highs soon. Price is seen retesting for support. If it rejects nice I will be taking a long position.
cadjpy has completed its downside move after a rejection of resistance. I will update this forecast soon but for now it looks like price is simply consolidating.
eurjpy has been stuck in this area for a while now. I am seeing this as an opportunity to buy longs as it has not even tried to move lower. This is clear price rejection of the downside. Euro is bullish, and the yen is bearish. This will be a long term trade. COT reports agree :)
looking for shorts in usdchf. to the last low in the hour charts. Price is showing rejection of a strong reisstance and doesn't want to head back up.
Cadjpy has once again retested the reistance in this area. I am looking for shorts now.
chfjpy has reached my short area and completed my previous forecast. I will be taking a short with a pretty large stop loss. This will be a long term trade for me
When we take a look at the daily TF there's a beautiful impulse correction , retracing to a previous structural level. Also when we use the fib tool to measure the impulse it has rejected twice on the golden fib level.
My clear thoughts on gbpnzd. enter at confirmation
Price is at a nice demand zone for a possible teacup on EurCad. Waiting on confirmation to place long order for 70-125pips profit with minimal stop loss to maximize risk to reward.
gold entering, long postion.. dxy,, trending lower,, trading was taken buy, breakout from the value area,poc,, fib levels.. obsobtion..