Expecting Gold to continue falling in price after seeing some slight retracement back up. MA convergence indicators and chart formation shows a preference for a continued fall. Sell gap should close around price 1909 . Sell Entry: 1935.00 Targets: 1930.00 | 1927.00 |1923.00 | 1919.00 | 1915.00 Support: 1909.00 Be sure to like this post and let me know...
Expecting USDJPY to break into a short-term buy based on MA indicators and chart formations. The buy gap should close around 133.700-133.800 area before potentially heading back down. Buy Entry: 132.650 Targets: 132.860 | 133.000 | 133.120 | 133.230 | 133.350 | 133.480 | 133.580 | 133.710 Resistance: 133.830 Be sure to like this post and let me know what...
Expecting USDJPY to dive in price this evening due to the BOJ Monetary Policy Statement release and following Press Conference, which usually tends to heavily favor the Yen. Expecting a drop of about 400 pips, and for pricing to replicate a move reminiscent of the one on December 20, 2022 as illustrated. My previous sell chart may enact shortly before the news as...
USDJPY hasn't shown much directional outbreak since the start of the year outside of the rare news release spike. Not necessarily a trader's market. For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ. Sell Entry: 135.700 Targets:...
Expecting XAUUSD to climb back up due to incoming economic events after a price fall off for the last couple of days. We may see the Dollar Index fall to the 102.000 area before the weekend which also supports a buy for Gold. My last chart may enact past price 1856.00 , but for now I have it as a resistance area. Buy Entry: 1832.00 Targets: 1835.30 |...
Expecting XAUUSD to continue up for the short-term based on the hourly chart. I have a support at 1870.00 but continued upward motion could see a support as high as price 1889.00 . Moving averages seem to be favoring buy motion as well as a weakening DXY. I have based my analysis on the last time Gold saw current price points in mid February of this year. Buy...
Expecting Gold to drop after ranging between resistance and support levels of 1886.00 and 1863.00 . Expecting bearish correction to continue after Gold reached highs of 1960.00 within the last few weeks as the dollar continues to strengthen. I have based my analysis on the last time Gold saw current price points in first week of January of this year. Sell...
Expecting USDJPY to go into a buy if it can stay above Sunday's opening gap price of about 131.000 . The price has been bouncing between resistance price 131.500 and support price 130.500 so a break above 131.500 should be a good signal for a long. Buy Entry: 131.700 Targets: 131.880 | 132.000 | 132.165 | 132/360 | 132.530 | 132.700 Resistance: ...
USDJPY finally makes a directional breakout after ranging across resistance and support ranges of 130.600 and 129.400 . The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart. I have based my analysis on the last time UJ saw current price points in mid-Jan 2023. Sell...
There is potential for gold to continue its upward trend and push up 30 more pips from current pricing area before seeing a steep retracement back downwards. A move forward may be triggered by tomorrow's USD GDP announcement as well, which is expected to temporarily weaken the US dollar. Current MA Indicators are still showing strong signs of bullish movement. I...
Expecting UJ to slowly break into a buy after staying within resistance and support prices 132.600 and 131.600 since early Monday. MA convergence here + indicators show signs of a nice upward movement. I am also expecting the 10-year bond auction today to favor USD as well, which should drive prices for the short-term. Buy Entry: 133.000 Targets: ...
Expecting UJ to continue its downward trend for at least another 100 pips before we see a potential reversal or trend change. The 4 hour chart shows a high potential for a continued sell under 131.700 which has acted as a strong support price. Sell Entry: 131.700 Targets: 131.450 | 131.000 Support: 130.685 Be sure to like this post and let me know what...
Expecting Gold to go into a buy on the hourly chart if price 1870.00 is broken. The price has acted as a strong resistance point after Friday's rise due to USD employment rate data release. If the pairing does go into a buy I am expecting retracement at price 1878.00 , then to continue onward to resistance. I have based my analysis on the last time Gold saw...
I am expecting Gold to see some retracement after a rise to price 1860.00 . MA's are currently rallying at the current price point and once they converge we should see a push downwards. There is a strong likelihood that the dollar will continue to gain strength in the next couple of days which will weaken the price of Gold . Sell Entry: 1848.00 Targets: ...
Hello and Happy New Year to everyone! UJ is due for some correction, and I expect to see a nice push upwards after steadily dropping from price 134.400 since last week. Moving Average indicators are signaling a nice movement up from here as shown. If the pairing does break into a buy, I am expecting a bit of retracement around 132.600 area to eventually...
Expecting USDJPY to continue its downward motion after Monday's price dump due to BOJ's Monetary Policy Statement and press conference. Tomorrow USD announces its Final GDP data and Unemployment Claims + BOJ releases National Core CPI data and Monetary Policy Meeting minutes which may further strengthen the Yen causing more sell-offs. I have based my analysis on...
UJ has slowly been gaining momentum since the 700-pip drop last week due to the BOJ Monetary Policy announcement. The pairing finally saw a strong directional bias today after ranging between small resistance and support price points. The 4 hour chart seems to be showing a bullish bias. Expecting the price to continue to push up, even if slowly. Entry: 134.500...
Expecting Gold to break into a buy after consolidating between prices 1812.00 and 1820.00 . Market indicators are trending towards bullish movement, and USD economic announcements that are set for the next couple of days may potentially weaken the dollar thus strengthening Gold . I have based my analysis on the last time Gold saw current price points in June...