Brent Oil may face some selling pressure above 34 which will send the commodity to its mean or below. This down-cycle will most likely determine brent oil medium term forecast N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
By the time gold is done with its on-going daily corrections, the metal next destination is most likely to be about 1800 circa. XAUUSD still have potential to fall to its support @ 1683 or below before another bounce to test the downward trendline again. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With 2 previous rejections at extreme optimism level, AUDNZD may likely revert to its mean level or start a downtrend. Risk, the pair is still bullish on its weekly outlook. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After breaking away from the trendline, gold has attempted the high at 1739 & got rejected before bouncing again at 78.6% fib level from 1661 low. For coming trading week, the metal may continue to range until there is a possible breakdown or breakout scenario. Overall, the weekly & monthly gold outlook is still very bullish with a pullback potential to its mean...
Gold may be on the road to reach above 1800 in the next few months N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With the daily & H4 corrections on USDCAD completed, the pair may be ready to begin a bullish movement to re-test the SwingHigh at 1.466, any pullback to the support maybe a good buy entry for this pair... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
If DXY is able to close below 98.27 in the coming days, then the index is may likely be exposed to drag to 78.8% fib level or below. This will be the gain for USD pairs... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
One of the currency pairs to be on our watchlist this week is EURCAD, with price recently breaking out of its corrective structure, price may likely attempt to re-test its recent swing high at 1.59914... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With Brent oil weekly candlestick providing inside-bar, UKOIL may rise towards 36 in the next coming weeks. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURCHF bearish trend may be reverse with appearance of a strong bullish candle on the weekly chart. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold is now at extreme optimism on the weekly chart & any further rejection at the current level may cause the commodity to revert to its mean & begins a pullback. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The stock price for CCL has been in bearish mood, now with the price at extreme pessimism, the stock may soon revert to its mean value before another test of its low; provided the company's fundamentals is strong N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
British America Tobacco stock price may have found a good support level and there is potential for its price to start going up shortly. A re-test of this level between 2592 & 2748 could be a smart way of buying into this market... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
UKOIL is on corrective wave the lower timeframe and may possibly test the bullish order candle below 20 in the next coming days. Any bull rejection here will be a good sign for the commodity to commence another upside movement. If there is no rejection, then price may likely drag to 18. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
Bears has been attacking oil and yesterday trading saw the commodity being rejected from going further down at the extreme pessimism. This could likely be a good level to go for a long trade with stop loss placed a few pips below the bullish pin-bar. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Glencore stock price potentially could re-test its previous support level, with recent price creating a higher-high. IF bullish sentiments still remain the same on the re-test, then a buy opportunity may likely occur below 128 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bitcoin is on corrective structure and needs to breakout/down from ranging levels in order to determine the next move - either up or down N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
From the swing high at 1.14950, fibre has undergone some corrections and could fall into ranging mode on the daily. Any price rejection at the highlighted area will push price back, until there is a breakout or breakdown... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades