The 93.4 are it touched is a very strong suplly zone that has been retested after a long time of compressed rise. It looks like a fast drop when it gets out of the channel
Gold is still in an uptrend as we can see on the daily timeframe. We have a bullish engulfing candlestick and a double bottom after testing the 100MA a couple of times. The support created is similar to the one created at 1805. I'm currently very bullish on gold, especially because this current support has been created on the 100MA.
This pair has shown some resistance and if it breaks the 138.700 support I will be looking to go short.
Silver has shown great buying pressure and there is a big imblance to be filled and I will be looking for buying opportunities
Nzdcad is on a downtrend and looking at retail sentiments very many people are buying from this position and this makes me lean more on selling
This is my take on gbpnzd on the daily timeframe. There is a bullish confirmation After getting a bullish reaction from the support
Gj is in an uptrend and retraced to the 4hr demand zone which is at the 0.618 fib level and we can see rejecions. I'm looking to go long from this point
Usd jpy has reached a very strong supply zone on the 4hours and we can see a trend of lower highs and lower lows. This is my sell idea to the next demand zone
After reaching the resistance, price seems to have rejected. We can see a break of structure and a change of character and my idea is sells to 22600 first
Silver has been rejecting key resistance area and we can observe a break of structure and a retest of a resistance area. I speculate we will experience a drop again
After rejecting at the resistance we have a break of structure and a retracement to the 1hr supply zone where I'm looking to go short
This pair is in an uptrend. It has broken the correction channel on the one hour time frame and I expect it to continue going higher.
Nzdcad has rejected the 4 hour supply zone after reaching a strong resistance and I expect it to drop from here
We are in a very strong supply zone on the daily and if this entry is valid we can potentially hold for a long time. Looks like a nice setup.
I'm currently bearish on US dollar and I fancy other currencies to be stronger against it. CHF strength increases with gold strength and vice versa. Meaning if I'm bullish on gold CHF will increase strength and therefore USDCHF will continue to drop
On a higher time I fell we reached a resistance area. I have watched this pair for some time and I feel like going short is currently appealing