OANDA:XAGUSD seems to have just completed a corrective structure. If this is the case, it is a good idea to go long right about now, with a first target in the 19.6 area. Upward movement should be of an impulsive kind. However, should the price of this commodity against the dollar form a flag, there is a chance that OANDA:XAGUSD might retest the 2016 low in the...
OANDA:GBPAUD seems to have completed a three wave corrective structure, and is ready for a downside impulse. Could move in profit very fast. A first target area would be represented by a retest of the downside base trend line, and a second potential target would be a retest of previous long term low. Updates on lower timeframes will follow. Trade with care and...
Watch this pair closely. There might be a nice trade to the upside, if OANDA:CADJPY breaks the monthly long downward correction channel. Wait for an impulse and a flag, to confirm the pair's intentions, as the price might correct further to the downside to the 0.618 Fib area. Nonetheless, if it breaks, don't miss this great trading opportunity with an excellent...
EURNZD is in a corrective structure following a short, but strong, upside impulse. Looking at the weekly chart (down below) the impulse has yet to begin! A trade not to be missed. Updates on lower timeframes will follow.