Adz786

Adz786

As XAUUSD has been floating around the 1490-1500 mark for the past couple of days we can see that the 200 EMA has come in contact and we are waiting upon the restest of this line. this should lead to a drastic bullish or bearish momentum, however, as the recent fundamental news of US and China haven't been very positive we can justify that this shows a weakness...

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A head and shoulder formation could be forming as it has rejected 1.79130. i would place a buy now with a tp of 1.80110 just to be safe and a SL of 1.79100. This has a very good chance of happening as it can retrace to 61.8 fib and would be a 70pip movement However, as GBPAUD is a highly volatile and unpredictable this could not happen. Trade at your own risk

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As we can see previously this pair has shot up and broken this resistance. however, this is the banks manipulating the market and going on a stop loss hunt! it did hit the weekly support line and has gone down after that. Be careful if you have gone long becuase this pair will fall

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GBPAUD has had a crazy downwards movement as predicted. we can see that its failing to break 1.79133 key level as it has tested this several time. however as its currently on a downtrend im predicting it to hit the weekly key level of 1.77500! lets see what happens

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Gbpaud has broken the trend line! awaiting a retest and then a downfall to 1.79576 which is a key level for this pair

Adz786 Updated 

at the current stage its highly volatile but it can either move to either one of the key levels just let it play out and see what happens

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USDCAD FLOATING AROUND MONTHLY KEY LEVEL 1.30000 WAITING

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fluctuating around 61.8 fib hasnt broken it waiting for the downfall!! 25pip stop loss

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audusd

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usdcad

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gbpaud