AUDUSD has come to a resistance level that previously pushed its price down massively. A double top on the H4 timeframe at the zone could see price drop down again massively.
The pair has purged the liquidity below the previous support and now pushing back high but slowly. If price closes above the previous support zone and shows reversal candle, the price would go high and test the previous minor resistance.
The major trend on the H1 timeframe is up. Price previously broke a falling wedge and resistance structure. It has now dropped to 1.54931-1.54659 support level. If this level holds, we could see the pair moving up to retest the trend line of the falling wedge.
Gold broke resistance structure and trendline. Price is falling back to retest key support levels. Potential levels that buyers could come in are 1642.14 or 1624.28.
USDCAD has test the 1.36640-1.36425 support level. There is a falling wedge built towards the support level. If the level will hold, price will not close below it but will move to close above the wedge and the 20 EMA which means buyers are still in control of the market.
USDCAD has test the 1.36640-1.36425 support level. There is a falling wedge built towards the support level. If the level will hold, price will not close below it but will move to close above the wedge and the 20 EMA which means buyers are still in control of the market.
Gold tested 1640.73-1635.53 support level and failed to break the level. While coming down to test the level, price formed falling wedge pattern. Price has now closed above the falling wedge and the 20 EMA. I expect price to drop to 1654.28 then move up to 1680.76. Please follow, like and comment.
The pair made a series of higher highs after a long bearish trend to test the 1.00000 price level. It pulled down to test the 0.96464-0.96365 support level formimg a falling wedge in the process.
The falling wedge and 20 EMA were broken above showing buying momentum. The price has retested the range before the breakout.
Prediction:
Instant Buy @ 0.97198
Stop...
