Lower Highs and lower lows, market structure
The price last night reach a level that never been so low since 2015, and right now affter some market structure we can expect the price coming down again till the level of last night (at least)
Gold is in a very strong bulish moment and everything indicates a bulish continuation affter the price at weekly timeframe retested this strong support zone at @ 1565.13. Always follow the trend, and the trend is at weekly and mounthly timeframe. This is another update of my previous analysis at February 29. The price is now very close to my Target TP and then...
There is a very strong support level at 0.95433 and the price is making a pull back. At least till 0.96486
In general Today GBP is falling. its time to brake the Support zone and keep going till the next strong one.
As you can see the current daily candle makes a breakout above yesterday's high of 1.6117. The last 3 candles on the daily chart closed above previous high and additionally the price made rebound from the support trend line (started from July's 2017 high on weekly time frame). That's mean that the price may test next resistance at the level of 1.6181. On the...
EURUSD rejected a major support area multiple times. from technical point of view, this behavior is showing short term bullish momentum to retest 1.1119 before resuming the down trend
The hryvnia (UAH) continues to trade sideways while in consolidation in the "no trade zone." Recently, the currency strengthened against the dollar (USD) and initially it looked like an opportunity to go long on the USD. However, the weekly EMA50 (which historically has provided support for the USD) turned into resistance, broke the 3 year trendline, and now we...
Most likely short - 1.1250 target - follow us
Price has been following a range for some time now, testing both the top & bottom of the range 3 times, closing on Friday with a bearish engulfing break below the range support. Will be watching for a retest of broken support as new resistance next to anticipate more downside to come. This will lead into a weaker AUD & NZD, & causing CHF & JPY to gain strength as...