EURUSD is now close to the predicted 1.23000 level as indicated in the Nov 7 post (see below). With the recent little pause, the pair has gathered much momentum to violate 2018 swing high at 1.25557 and create a higher-high in coming days/weeks... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
CADJPY has since been on downtrend having briefly tested a new high. The pair now targeting to test 80.400 level; if price could be rejected at this point, the pair is likely to retest the new high created recently at 82.000 with a potential reversal at 81.500 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Amazon is on corrective structure since September, and looking like the correction is coming to an end shortly, However, buying entry stands below 3140 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold has tested support at 1823 several times on the daily and each time, price has been rejected. With the last 2 trading days candlestick showing indecision, the question now is where will price lead to? Daily corrective structure is still showing bullish wedge with possibility of a WXY structure, a re-test of rejection candle below 1800 (dotted blue lines) is a...
With NZDUSD closed above 0.70582, sentiments seemed to have changed to bullish. The pair is still on corrections on H4, so there will be selling and buying pressures. A pullback to 0.70142 with a rejection, will be a good buying moment for the pair... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
NZDUSD is now showing weaknesses on H4. A pullback below 0.70582 WITH A Rejection Candlestick could cause the pair to decline more; however, a close above 0.70582 may indicate strength for the pair as the Higher Timeframe(s) - Daily, Weekly are still bullish. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Last two trading days candlestick for EURUSD ended in rejection, this could possibly indicate the pair is ready to pullback to its mean before another run up to 1.23000 as posted in our November 17 post (see below). However, with dovish (or rather a mixed) NFP report last week Friday, market reaction may look unpredictable short-term causing the pair continue its...
When Pfizer (PFE) and Moderna (MRNA) announced that their Covid-19 vaccine data showed a 95% effectiveness, gold plummeted to a low at 1850. If more pharmaceutical companies come with similar news, gold could be forced to re-test daily support at 1818 level, or 1850 may continue to hold before the weekly bullish structure catches-up... N.B - Let emotions and...
GBPUSD has been on the downtrend since late 2007; this narrative could change starting from 2021 IF the pair can possibly breakout from its monthly bullish wedge . Good to see the pair violating 1.35025 level and any pullback from there (with a rejection) could indicate cable's readiness to commence an uptrend... N.B - Let emotions and sentiments work for...
After the news that a coronavirus vaccine was found to be 90% effective by Pfizer, gold reactions to the hope that an end to the pandemic has become nearer was negative, dragging gold price towards the lower part of the daily bullish wedge at 1850. Gold price has since retraced almost a quarter. The hurdles to overcome by the metal is therefore increasing with a...
After creating Higher-High (Swing Highs 3 & 4) that violated the Swing High "1", EURJPY is making a ground for a new motive wave which could potentially drive price to125 and above. A pullback to Swing High "2" with a bullish rejection is what is needed now to activate the bullish move... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
With EURUSD breaking out of its bullish wedge, the pair could be ready to "invade the privacy" of 1.23000 level in coming weeks. However, before that, fibre could to either: 1. Re-test its mean (dotted blue line) 2. Re-test support at 1.65 level 3. Continue to rally due to declining dollar index N.B - Let emotions and sentiments work for you -ALWAYS Use Proper...
Gold next move maybe targeting 2040 and above if dollar index continue to exhibit its bearish outlook. Last trading week on Friday ended in indecision. Depending on the uncertainties of US Presidential election announcement, the market can open next week testing the low of Friday before another rally (if elections ballot counting continues before market opens),...
On the daily chart, gold continue its bullish corrections, however with dollar index still showing daily strength, gold price could range or witness a decline to retest its low at 1848 or at worst 1800 in the coming days before higher time frame bullish trend catch up with the metal. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
We are entering critical week for US Presidential Elections & News will be a critical moving factor for all asset class, including gold. Looking at its weekly chart, gold still have bullish outlook, even though daily Corrections is looking more bearish. Also, gold is entering a bullish seasonality between November (especially December) - February. We saw last...
As published on October 10, GBPUSD outlook remains bullish. A pullback towards 1.30000 with a rejection candlestick will likely cause the pair to commence another rally to the upside... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Nothing much to report on gold since my last post 2 weeks ago. The daily corrections is still ongoing... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
IF USDCAD pair breaks below 1.32101, then a retest of this level will drag the pair further down. Otherwise, a rally above 1.32600 will see more highs created. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades