Hope you all had a great weekend here's a nice little Gold analysis here pretty simple bounce of resistance, theres a lot of strength behind Gold atm so should see it break through resistance as it did last year, Hope you all have a great trading week. I will be updating this analysis this week, keep an eye out for updates and potential entry points.
1. We have just entered the TOP of the sell range (green) on the DAILY long term downward trend
2. We have had a retrace upwards, so now we can get in again and add to our trade.
3. We are under the 50/200 EMA on the 4 hour, daily and weekly.
4. This is a long term, and we would need to manage into February.
Only on USD exchanges since USDT exchanges closed at a different price.
Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI.
The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence.
Now we can see that the...
The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it...
GBPNZD 0.06% – On the weekly chart, we can see that GBPNZD 0.06% need more 50 pips to hit a very strong Supply, this supply has created in June 2016 and still valid, it is the first time the price back to this level Since he drops from there. I’ll sell at this supply soon, my first target will be the demand below and the Final target is the demand at the bottom.
For me, those are the next levels to open position on USDCAD.
The demand below is a great continuation level of buy position, I'll buy at this demand only if the Price Still didn't reach the supply above, the target for this position will be the supply above, which is a great Supply of sell position, if the price hit that supply, I'll sell there, the target for...
For the long terms, the SPX500 has reached a new record recently,
As always, after a long rally, I'll prefer to look for sell position, I believe in the simple logic of sell high And buy low, and the SPX500 is definitely in a high level now, if the price will breakout the confirmation zone below it indicates the price has changed the long-term momentum from...
The GOLD is digging now for the 3 times in the resistance zone above.
If the price will break out the resistance zone above, it can create a great long-term opportunity for buy Position, if that breakout will come true, I'll look for P"A setup of buy position, my target will be the supply at the top, which is a great supply for sell position.
As we can see on daily and weekly charts, the DAX index is bearish at the long terms.
For the long terms, I believe the DAX is on his way to reach 10.840 zones, that because it is the next Fresh demand that can stop this bearish momentum. The supply levels above are a great continuation Levels, I'll sell at the first one if the price will reach that supply, and if...
At the long terms, the NZDUSD pair is bearish.
It seems the price tends to reach 0.6350 zones.
The supply above seems like a great continuation level to join
This bearish momentum, if the price will hit that supply I'll sell there.
My target will be 0.6350 zones.
Japanese pairs seem to be quite bullish now, UJ failed to rise last week despite strong breakout on DXY
I'm anticipating a huge drop in the long term to around 104 especially with the SHS formation
Entry level - 110.3
TP1 - 108
TP2 - 104
SL - 110.7
For the long terms the GOLD seems to be bearish and on his way
To reach 1185.00 Zones.
There are 2 options to look for a long-term position.
1 - If the price will break out the resistance zone above it indicates the
Price tends to reach the supply at the top, if that happens i'll look for
P"A setup of buy position.
2 - If the price will reach the supply...
The USOIL have just arrived in a fresh supply level,
It is a great level to sell, for the long/swing terms it seems
The price tends to reach the demand below, which is also my
Target, if the price will break this supply I'll open a new sell position
At the supply at the top and the target remain the demand below.
Taking a step back from the intraday/intraweek stuff here and looking at a longer term position idea on the GBPJPY. If we close out this weekly candle below the trendline then I would be looking for this pair to continue on a bearish move towards the potential target area on the chart between the 50% & 61.8% fib levels. Righ where we intersect with a monthly...
Currently we are awaiting a confirmation to open a Long position on USDJPY
Price seems to be moving away from strong support at around 105.27 which it has bounced of earlier on this month
In March price was down to 4 months lowest.
Expected target at 110.20
Stop loss at 105.25
* green and red arrows indicating general direction not time frame