husylzy

husylzy Updated 

Will it be rejected by 0.8990? See after this hour.

husylzy

Price hit 135.2 level again which supported price going up on 18/June. No sign shows the selling off will stop here. If price broke below 135, then next support will be 133 level imo

husylzy

AUDJPY seems like to be in the process of forming inverse SHS pattern. As it is heading up after being supported at 75.10 - 75.20, price may test 76 level very soon. Once it break though 76, inverse SHS can be confirmed.

husylzy Updated 

EURGBP is in the forming of triangle, and also in downtrend since being rejected by 0.93 in daily chart. Downtrend resistance 0.898-0.899 has be validated. The recent highs and lows seem to come together, but I believe the long-term resistance will show its strength. Target: 0.8870 - 0.8880

husylzy

AUDJPY is in downtrend, of which the resistance sits at 76.30. The prices plunged to 74 and successfully supported by 74 level. As for now, see support at 75.4. Once it break through 76.3, it will target towards key resistance 77 - 78.

husylzy

Daily Chart shows Double Top, rejected by 1.64 level and broke below 1.627. Heading down. Short when It retrace back to test 1.627. Target as showed in the chart.

husylzy

It is worth it to buy in the support zone. Daily candles show validation of support. MACD indicates divergence. Stochastic shows being oversold and crossover occurred.

husylzy

This currency pair went down test the weekly support -- 1.2460, which in H1 chart, this support showed its validation. Long when it retrace to 1.2390.

husylzy

It is also a big day for gold today. During Asian Session, the gold price soared up to 1411 USD/ounce. And then went back down quickly, the lowest price till now is 1382 which is now being a valid support. I put a sell order at 1287 yesterday, which when I thought back was in a rush to get in, and was stopped at 1397 in this morning. But still, if the price...

husylzy

In the past days, RBA chairman Phillip Lowe stated that more rate cuts may be conducted to stimulate inflation and lower unemployment rate. AUD keeps suffering selling pressure. Price now sits at support 0.6905. As we can see from the chart, if AUDUSD wanna go up, then 0.6935 is the 1st resistance which should be broken through. 0.69 level is worth it to buy?

husylzy Updated 

Will 1394 be the highest point? Has the 5th wave in Elliot Wave Principle appeared? As for today, I don't think long will be smart. I will try to find a position around 1390-1394. Let's see!

husylzy Updated 

Look at Weekly Chart, there is a uptrend. Curren Price sits at support 1.107 M30 indicates that the support is effective.

husylzy

As the FOMC and its chairman Powell laid dovish stance of future monetary policy, the risk appetite lifts the gold price to 1394. I would see how the price will close today. Will it close below 1364? If so, then support 1341 would be exposed. If the price close above 1364, I think I should take long position around this level. Target will be 1394 - 1400.

husylzy

If the price could close below 1.6358, then it to some extend shows a rejection to 1.6358 - 1.645 zone. Once it goes down, 1.59 will be a mid-term target to see.

husylzy Updated 

The expected pattern of double top did not formed successfully. The price is likely to rise testing 1359 - 1366 resistance zone. One reason for the surging is that the market expects the FOMC deploys a rate cut in the coming meeting. Once the rumour confirmed accurate, Gold price may see a pullback and then keeps climbing up. I see the price before the...

husylzy

As there seems to be a deepening sense of fear on the fundamental outlook, the gold is being pushed up to 1312 USD/ounce till European session on Monday. The price has broken out the previous triangle pattern, now is heading up to 1340 in near future IMO. But 1312 still shows some resistance, then a pullback from 1312 to 1306/1308 should be seen before NY session.

husylzy

A bullish divergence appeared in H4 time frame and the price is trying to find support around 138.30. I reckon that there will be a pullback to 140.86, and even 141.70.

husylzy

XAUUSD is the process of forming triangle pattern. The price is now hovering around recent resistance of 1286. The resistance and support of the triangle is 1303 and 1277/1278 respectively. with regard to the stochastic indicator and MACD in H4 Chart, the MACD is still under 0 axis, showing the short bias, but what need to pay attention is that the MACD is...