Zinshle_forex_signals

Zinshle_forex_signals

Expected take profit of 1641. XAUUSD finished last week with a clear head and shoulder formation which calls for a drop this week. The dollar is also expected to recover from its bearish trend last week so gold would naturally do the opposite.

Zinshle_forex_signals

The dollar faces a shaky quarter ahead but we can expect investors to head to forex due to weak investor sentiment. NZDUSD is showing good support for going long. Target take profit @ 0.64 and stop loss @ 0.601

Zinshle_forex_signals

Those major rejections or hammers show us that AUDJPY has been overbought. Furthermore, according to fundamentals, Japanese yuan is set for a good week. Therefore, this bearish trend should go on for at least 2 weeks with an expected take profit of 66.5.

Zinshle_forex_signals

If the next candle on the daily timeframe of USDJPY breaks through the 108.454 level, then we can place a nice long position which should be valid until the take profit of 111.00. Of course, we can expect a pull back down to 109.00 as we can see a clear W shape with good support. If, however, the candle breaks through the level of 107.214, then a long position is...

Zinshle_forex_signals

If AUDCAD can break through the key level of 0.89431 with a strong buy candle and the resistance of 0.90367 on the daily timeframe, I'm seeing consistent price increments for the next 2 months at least as it has already been oversold for the past financial year. Expected take profit of 0.9600.