XAUUSD moved dramatically upward as anticipated but the profit was doubled as we didn't expect it to reach the price we held the bull run, I don't think the bulls are done controlling the market, rather, a move upward to break yesterdays resistance @ the price 1820 is expected
One of the very good quality of an outstanding trader, is the ability to swiftly adapt to an unexpected move by the market. The EU decided to pull our second trigger by considering a bullish move to test our supply level having successfully established an active support leg at the price 1.05780/85. This is a good attempt to maximise our profit, hence, adjusting...
XAGUSD to trade bearish targeting 22.520/25, as depicted in the chart below
The Eurusd is looking to continue a downfall amidst USD Strength due to many possible factors eg FED policy, inflation, High prices of goods e.g. food. So the market upon opening might see a slight or faint bullish retracement which will definitely form a resistance to push the market lower. Possible resistance might be seen at the price at 1.06585/90. Trade safely!!!
The Gold spot is to trade bearish for the upcoming few days to target a price 1770 as depicted from the chart above. This tends to occur as the USD will be gathering a momentum to cause a change in trend. Stay tuned for Eurusd and Gbpusd analysis.
Eurusd might continue a faint retracement towards the support level before it resumes the bullish continuity. Now a trader can scalp bearish position noting that it counters the general trends, then buy the pair to affirm the trend continuity. Other needed info are depicted from the chart above. Trade safely!!!
XAUUSD to complete a faint or almost perfected correction and setting up for a bullish bias continuity. The Chart above depicts the perfect position setup for the bullish bias.
The Xauusd is expected to retrace a bit for a proper bearish rally. The retracement might be fuelled by the CPI data to be released today. Other information is depicted in the chart.
The pair Gbpusd, and EurUsd is subject to a slight adjustment. The reasons are; The pair showed a sluggish rally, holding to the fact that some fundamental data are subject to negativity in which the Fundamental news to be aired today will justify. However, this is an update to my earlier analysis, take the profit and recalibrate the position for a possible...
As I've shown from my Gbpusd setup, The Eurusd is correlated with Gbpusd and hence expecting the duo to rally in the same direction. Other infromation can be deduced from the chart above. Trade Safely!!!
The pair Gbpusd is looking a bit challenging. Though my overall bias seems to be a very strong bullish. However, in my correlation analysis, only Gold is not fully aligning. Hence, drawing my attention to a possible short term correction, and a lag before we resume the proper bullish rally. It is adviseable to HOLD TO BULLISH BIAS of this pair taking the two lines...
After my previous analysis on usdcad, and taking all the profits bullish, it is now high time to trade it bearish. take the readings from the chat and stay tuned for the update on tp. Stay Blessed and more pips to our elbow.
The Gold spot will complete a bearish rally as far as the resistant level of 1804.24 holds. the rally is to target 1765.6 for the 1st tp.
In a bearish downtrend, a rising wedge is seen in which a possible bearish move might be seen which is temporal. On breaking the channel bulls will establish a support to start another major rally
AUDCHF is expected to rally bullish as far as the price trades 0.63427. the rally 1st tp is expected to terminate at 0.63930 after which the 2nd tp is to move towards 0.64100 considering the fib term. end. Trade safely!!!
The S&P 500 future index is to complete the last leg for a bullish run above the price 4109.5, after which a proper bearish move will be initiated. The rally is well depicted from the chart. Trade safely
At 4hour timeframe the crypto system for eth is seen to have formed an inverted pinbar, capable of retracing the price to a price above 0.28655. As far as the price holds above it, ENJUSD will have a strong bullish rally breaking the previous high.
My overall bias is to buy Gbpusd, however, if you are to short, it should be immediately at the price 1.22794 to at least 1.21378. The overall bias is long buft currently correcting. Have a nice trading moment.