XAUUSD reversed and turned to neutral after broke 1948. Then, quickly turned to bearish after broke 1915. As I said in the previous idea, "But, if Break below 1915, outlook bearish , open the way to target 1889 & 1877." Now, XAUUSD still heading to 1889 & 1877. Strong Support 1877, if break then cancel medium term bullish: medium term outlook neutral. Break...
AUDUSD broke below 0.7314 and hit 0.7165 target. As I said in previous outlook, "But, Break below 0.7314 would potentially target 0.7165" While below 0.7458 still bearish. Break below 0.7134 potentially target 0.7086 & 0.6987. Break above 0.7458 would open the way to retest 0.7555, 0.7616 & 0.7662.
Bear Flag pattern has been confirmed. GBPUSD broke 1.3000, moved below 1.2800-1798. While below 1.2798, still bearish and potentially target 1.2675. Anyhow, GBPUSD nearing bearish downtrend line, formed since July 2021 low. So, any short term pullback can not be overruled. Resistance at 1.2800 and 1.3000.
USDCHF Broke double top 0.9470. Now at critical level above MA 200 Weekly and near Resistance 0.9547, also at median bullish trendline (from November 2020 to September 2022). Break and hold above 0.9547, open the way to target 0.9639 & 0.9650. Strongest resistance at 0.9901. Failure at 0.9547 could push USDCHF lower back to 0.9470. Below 0.9470 potentially...
XAUUSD corrected lower below 1948. Short term outlook neutral. If break above 1982, bullish continue, potential next target 2009 & 2021.43. Strong Resistance, ALl Time High, 2075, If break then medium term bullish continue. But, if Break below 1915, outlook bearish, open the way to target 1889 & 1877. Strong Support 1877, if break then cancel medium term...
After corrected lower, AUDUSD rejected by MA 50 D and its bullish trendline near 0.7314. While above 0.7314, it is still bullish. Resistance at 0.7440 and 0.7555. Break above 0.7555 would potentially target 0.7616. But, Break below 0.7314 would potentially target 0.7765.
USDJPY break above 125.86, bullish continue. Medium term target potentially 135.16. Strong Resistance at 147.65. Break below 114.73, outlook neutralized. Break below 99.54 turn to bearish. Strong Support at 75.57.
EURUSD testing critical level near monthly trend line support 1.0800. Break Below 1.0800, Potentially Continue Lower to Test 1.0635 1.0425 1.0340
XAUUSD ranging in consolidation, trapped between MA 100 Daily 1792 and FIbo 61.8% 1768. Break below 1760; Bearish, target 1720 and 1660. Break above 1800; Bullish, re-target 1916. Medium Term, above 1660 (Double Bottom) is Still BULLISH.
Bitcoin in trading range between 28700-40800. So far it is forming Head and Shoulder Pattern, yet still need to be confirmed. If it break below 28700 then bearish H&S will be confirmed and could targeting 16500. But break above 40800 would be bullish.
EURUSD is Breaking its Triple Top at 1.2185. While Above 1.2185, EURUSD would target 1.2290. But, Failing Above 1.2185 and break below (1.2100, its Double Bottom) again, would open the way to retest 1.1990.
GBPUSD H1 has formed Inverse Head & Shoulders pattern after break above 1.4172. The next move would target 1.4234. But, break below 1.4111 would cancel it bullish outlook.
GBPUSD is moving above its MA 100 Monthly (now at 1.4075). While above its MA 100 Monthly then it could go to 1.4376. The STRONGEST RESISTANCE at 1.5018.
NZDUSD has formed Inside Bar ( Candlestick pattern). Mother Bar candlde; high 0.7258, low 0.7169. Break and hold above 0.7258 would continue its Bullish. The First Target 0.7305. The Strongest Target 0.7464. But, break below 0.7169 would cancel its Bullish.
After consolidated in the level mirroring Q2 2020 price movement at 1660-1760 area, XAUSUD form double bottom at 1675 then rebound and break above 1755 and 1770. Based on Trading Ideas 22 March 2021: XAUUSD In Consolidation Level that's said "A break and hold above 1770 would add bullish power to rebound targeting 1820, 1875, and 1925." And for a while, XAUUSD...
GBPUSD still continue higher after made Double Bottom around 1.3665 and went beyond its MA 50 Daily. The next target is 1.4020 and the strongest level of 1.4236. Break 1.3665 is Bearish.
Dollar Index still continue lower below its MA 50 Daily and heading to its MA 100 Daily and Fibonaci 61.8%. The Next target is 90.80. Break and hold below 90.80 could test 89.65. Anyway, break above 91.85 could cancel its Bearish View.
Referring to the last Trade Ideas 16 April, EURUSD rejected First Scenario. EURUSD as we see, then move following The Second Scenario: A break above 1.2000 would invalidate First Scenario and EURUSD could continue its Bullish View to test 1.2180 first, then 1.2240 as next target. Break and hold below 1.1950 could cancel its Bullish View