this pair currently is in fib level 0.618. It looks a good entry point. Also a good trend line..
Gold possible buy. t a , s r , p a, long
GBPAUD possible sell, 1.8710 area is a prime entry point. shoot!!
at least 50 pips from this cross pair. 1.5790 area is a prime entry point to Buy!!
Fundamental, trendline , previous high, Resistance.
1.6390 area is good entry point or entry now with 45 pips stop loss, downside target 1.6300 and 1.6000 on the card.
USD/CAD eases from 2-week tops. But This pair still struggling around 1.3420, below is support line 1.3390 and then to the March 13 and 15 high near 1.3370. Weakness below the 1.3400 mark could get easily extended towards the 1.3370-65 intermediate support en-route the 1.3335-30 region. Also we are expecting Dxy to go short. But wait for further confirmation...
Trend line, Price action, Expecting bearish movement, ECB President Draghi speaks on Wednesday , so there is a minor chance for price to go up during his speech or after. But hey traders trend line is our friend. Good luck!! Time to go to the gym for workout, need to be physically strong, it helps to become mentally strong. And i am sure you know how important it...
British pounds z surrounded by brexit issues and negative vibes. Politicians are fighting , People wants second referendum, and also bringing it loud PM Teresa May to resign. So we are expecting GBP to go further down. While USDCAD trapped in 1.3430 level...But hey remember , trading is always probability so use the correct risk management or go do full time job...
Gold may face bearish pressures. Political tensions in the Eurozone and Britain. That forced many to conclude that gold has lost its safe-haven appeal. On the way down, 1302 is key ahead of 1298, 1290 while 1280 is a keen target. Below there, 1275 remains the line in the sand to the downside, and a break below it will put the attention back to the towards to...
Trendline, 4hr chart, we can wait for RBA news tonight for further confirmation.
The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February. A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing. n the downside if this pair breaks below 1.3170 then it will open door for 1.3000 area. if it breaks below 1.3150 then i will look for my entry...
Trend-line joining September high to November high, at 149.00 now. But Brexit news can make this pair so volatile and it can affect our analysis so beware and take your calculated risk.