Oversold, buy opportunity. At some major support.
BUY AUD USD. Hit 61.8 FIB and bounced, yes it's broken some major support, but turned around with a bullish hammer close. Going up, not sure how long for. Short term buy.
Buy, unless it breaks the major trendline support it's bounced off numerous times.....
DXY and USD JPY both approaching resistance, which for both has been tested a few times. Will be interesting to see if both can break that resistance. How strong is the dollar? Time will tell
Looking at the technicals, DXY has attempted to break the fib line more than once. If you look at USD JPY it has tried to penetrate the 114.40 a few times. We are not far from 114.40 again or far from 94.00. If DXY breaks 94 and USDJPY breaks 114.40 then great, on we go...
Perfectly bounced off the 61.8 fib, was unable to break through 78.6 but I think this is only short term. It tried, but I think with UK data on an extension for brexit and potential rise on interest rates could bring the market higher. If we cannot break the 78.6 we will be heading lower, first stop 61.8 fib at 130.70ish. Higher, we could hit 135.
EMA almost crossing over, bounced off 38.2 fib level and uptrend trend line, went through 61.8 level, buy to 1326 at least. USDJPY is heading lower, Gold works in the opposite. Invalid if it falls below 61.8.
USD JPY on it's way down, buy potentially within blue box. multiple support opportunities.
Looking at the chart, a double top has been formed at the 114 area and a neckline at the 50% Fib level of 108.80ish. It's yet to break this 50% 108.50-80 Fib level and we've been left with what ALMOST looks like a bullish hammer close! Although the candle is red..lol. I do believe this will go up to test the 38.2% (111.00) fib before visiting 106.50 IF it's breaks...
I would probs buy this up. There is some strong resistance at 111.80 which has proven to be strong support and res. in the past. Will have to see how the data goes this week!
I can see this heading up.... This pair has been on a downtrend since May 2017, it's about time we see a big push upwards. Looking at 1.27 initially....
If it can break 1.6675, I think we could go up 75-100pips to 1.6750-6800. Watch the lines......
I would probs buy this up. There is some strong resistance at 111.80 which has proven to be strong support and res. in the past. Will have to see how the data goes this week!
I posted previous prediction on Gold, looks about right. We had a bounce from the 50% Fib. Even though EVERYONE on trading view said OH NO! We are going to 1125.....yeah ok. I personally think we will see 1300$ very soon, as the US dollar weakens further. I also think we could see 17-18 on Silver!
We've hit the 50% Fib level from the low levels in December 2016 to the high in April time 2017. We tried to hit that high once more and failed. With NFP today confirming an increase in jobs in the US this has given buyers hope of an interest rate hike. But look what happened the last time that happened, USD JPY and the Dollar bottomed out. Could we be heading for...
Watch the circle on the chart for a break. My prediction is GOLD is heading up, to at least 1300. Meaning USD JPY is likely heading down. But you know how it goes, things change.
GOLD is clearly on an uptrend. 1300 is strong resistance, if it breaks this, 1330-1340. If it breaks the trend line we are going down. If you look at the daily right now, it's bounced of the trend line again and is now heading up. I'd place a trade ASAP.