Can GBPCAD find support around 1.61? If it does, there mag be a long opportunity here back up towards 1.68. Wait for confirmation. If support fails we could be on for a short towards 1.52.
The XAUUSD failed to make a new higher high and instead made a new lower low after touching the upper line of the yearly channel and being rejected strongly for two days. This indicates that the bullish trend has ended and a bearish trend has taken over. The gold has returned to retest the key level of 1870, which is a challenging area to break through due to...
The price is now testing the previous higher high with a possible double top and the pair may move to the 61.8% Fibonacci retracement level meeting old support. A break here opens the risk of a strong drop as we progress through the week. However, there is important data on the calendar from the US economy and investors may be sitting on their hands until then....
GBP/USD drops toward 1.2300 on disappointing UK Services PMI After December’s impressive services PMI print, markets hoped for another encouraging print for January given a slightly improved outlook now that inflation appears to be headed in the right direction. This wasn’t to be the case as the new year brought with it a sustained downturn in the UK private...
USD/JPY is Still inside a downtrend momentum where in the last sessions the price makes a bottom around 127.500 Level. Now the price seems to reject the dynamic trendline we have drawn and a possible new push down in the direction of the primary trend could be likely. If the price will broke the dynamic trendline a possible new bullish impulse may change the...
GBP/USD inside a bullish trend today make a pullback on the previous support area in confluence with the previous support area and the 50% FIBO retracement. Price today may grow with a new Bullish impulse.
Possible New Bullish impulse for the Gold today that in the last session reached our target and today the price is making a pullback on the previous support area for a new bullish impulse. We are looking for both the metals, Silver, and Gold an increase in value.
Silver today retests the previous Support area and may break upper the dynamic resistance of the bearish channel where the price seems not react. Our forecast for Both Silver and Gold is about a growing of value and today may assist a new long impulse for both precious metals.
GBP/USD after taking our first take profit, today the price make a retracement on the previous support area to have anew long impulse in the direction of the main trend inside a Bullish channel. Looking for a new LONG impulse.
GOLD after our take profit of yesterday the price continues to grow fast inside a Bullish channel where today a pullback on the previous Support area may give the right impulse to continue his rally
The EUR/USD inside a bullish channel in the last sessions, the price is struggling inside a retracement or corrective movement ready for a new long setup in the direction of the main trend. The main trend is still strongly bullish and our forecast is about a new long impulse.
USD/JPY in the last night The National Consumer Price Index, released by the Statistics Bureau released a positive output for the price movements of the retail prices of a representative shopping basket of goods and services. The JPY has reacted with a strong bullish impulse from the bottom of 127.500 but, the price is still inside a bearish main trend where today...
Gold inside a bullish channel yesterday had a retracement on the dynamic trendline of the channel where today may start a new long impulse in the direction of the main trend. We are Looking for a long continuation.
Afternoon TradingView, I wanted to share a recent trade shared with my community & this platform. A massive move in GBPAUD. I shared this idea here on the 17th Jan. I’ve been updating the 1021 challenge team throughout this move, and I will continue to hold up to 1.81/82, but here we had clear support, a descending triangle, break and retest, then run. Almost...
THE GBP/USD is still inside a strong bullish rally, a raising channel with the creation of new Higher-highs and Higher-lows has guided the pair to reach 1.2400 where today the price seems ready to make new higher-highs. Economists at ING note that the Pound could thrive in the long term as the Labour party leader aims to rebuild good trade relationships with the...
The GOLD after a strong bullish rally in the last session is struggling inside a retracement pattern or correction/retracement where find the right place where to get a new impulse on the direction of the primary trend. The price has already tested the 50% Fibonacci level where again another pullback is made on the dynamic trendline. We are looking for a Long continuation.
GBP/USD inside a strong bullish channel today is making a retracement on the previous support around 1.2300 where the confluence with the 50% FIBO may work as the right place for the price where start a new pullback in the direction of the main trend.
AUD/USD reach the 61.8% Fibonacci level Where it is placed the dynamic support of the Bullish channel, We are looking for a continuation in the main trend.