Guswin

Guswin

its been a while the tourism industry is suffering from travel restriction and border lockdown due to spread of Covid19 Virus. It seems there is still potential new regulation that may effect the airlines and tourism business before it really completely safe for everyone to travel. According to the previous forecast, the price was tumbled and endured on EMA 200...

Guswin

There has been a breakout in the US Dollar index pattern (Decending broadening wedge) which is formed on the daily time frame, the potential for the US Dollar to strengthen in the near future is possible, but this may only form a fairly large range corrective structure before resuming its bearish trend. Potential pairs that have one direction with the...

Guswin

According to the recent structure and pattern (rising wedge H4), the possibility pair GBP/USD will continue its bullish trend on time frame H1 may happen soon and will try to re-test the resistance area on the Double top. Currently there is no sign yet the bull takes control if the current price at time frame Daily, breaks the downtredline. However if there is an...

Guswin

Currently the price is endured on the EMA 100-weekly and area Double top -daily. EUR/JPY is rally recently and got benefit from the weakened DXY (as forecasted on the previous week during the pandemic) and safe haven (Japanese Yen) was not on demand due to optimism of re-opening the bussiness center on the beggining of June. However if you can see the possibilty...

Guswin

As we know, hotel and airlines industry were the one hit hard by Corona virus. travel is banned for termporary and airport was closed and affected hotel and cruiseline industry. last time was forecasted there was hidden bearish divergence on the short term corrective structure and currently will do corrective structure on the upside movement. Need at least a year...

Guswin

Gold prices weakened amid hopes for a vaccine to be mass-produced by the end of 2020 and besides optimism about the reopening of business centers in early June (domination this month) on the grounds of Herd Immunity and the "NEW NORMAL" procedure received a positive response although there are still doubts about the increase in casualties due to the reopening of...

Guswin

The hope of making vaccines as soon as this year and the opening of several countries in the midst of this pandemic has corrected gold prices and moved below the FR 78.6% weekly and could potentially create a flag pattern on H1 time frame. But at the same time Donald Trump returned to threatening China with its trade war tariffs amid a pandemic that made gold...

Guswin

look at the Decending triangle pattern, it seems almost complete !! and look at the pattern of Bullish Falling wedge on the pair EUR/USD time frame H4 it follows the pattern of Bullish falling wedge (it seems sign of reversal). Covid issue may find its peak after many "infinity stimulus" was pumped to the market through helicopter money!! so then what next ??...

Guswin

Gold prices in the big trend still have a chance to continue strengthening, but the price is still stuck at FR 78.6% -weekly which can be predicted as the 3rd Wave will stop here and if it fails to breakout in the resistance area (double top occurs) FR 78.6%-weekly it can be predicted that the gold price will experience a short term correction which is expected to...

Guswin

Currently the price is still on sideways movement and if you see on TF H4 the price was moving on very thight range since 3 weeks ago. Considering to the major trend, Bear still controlling all big time frame, however, potential reversal V Shape bottom may form on the time frame Daily and might trying to break the major trend line Weekly and re-test the resistance...

Guswin

Double top was formed on the time frame monthly. Currently DXY still move on all EMA-weekly and may reaching it's bullish trend to the next potential resistancy at 106.96 as panic buying USD still in rush during pandemic, which suppose to be Gold as the priority asset to be bought during crisis. Potential Broadening triangle is not completed yet, possibility...

Guswin

As previous forecast the price did breakout on the retracement 61.8 and currently there is no signage of reversal as long the price does not fall below 61.8 and the corrective pattern may formed above retracement 61.8 and restest the support area $ 1590. Potential to entry Buy - range $ 1600 - $ 1590 Target $ 1781 (Triple Top). Invalid entry if any news pop up...

Guswin

The price pokes twice the resistance area of golden ratio 61.8. After the geopolitics issue happen recently, the virus fear elevates the Gold to re-test the resistance area and what else the BIG possibility trigger can break 61.8 ? or The Wave 5 may give up here on the golden ratio of 61.8 ?? - Support Range: 1555.81 - 1541.64 - R1: 1582.64 (weekly) - R2:...

Guswin

The Gold rise during the geopolitics tension between Iran and US last previous week and endured on retracement 61.8% - TF-Monthly. Potential correction may happen if the price fail to do breakout and potential support level $ 1506.9, may the last support area to continue the bullish trend on Gold. Once Gold does breakout the resistance area Approx $ 1600.6 after...

Guswin

MAR - Forecast 2020 ? will potential reg. bearish divergence turn the bullish trend for short-term ?