nick.trader4

nick.trader4 Updated 

Good pull back opportunity on EU. Check DXY (dollar index) for confluences. USD fundamentals at play.

nick.trader4

Major daily resistance at 1.3000 was approached and rejected last week, a series of lower highs were being created after reaching 1.3000 price zone which resulted in a 150 standard pip drop to end the week, breaking out of the slow moving upward channel. Expecting lower highs to continue after a pullback (patience is the key) due to weaker gbp data and...

nick.trader4 Updated 

Mar.10- Based on the price action throughout the week and the NFP results today a Fed RATE HIKE could be coming next week Wednesday (Mar.15). Looking for a trend reset on gold after this weeks heavy bear move to the 1215-1225 zone. Depending on the Fed rate hike we could see a continued move down from that zone to back under 1200 if they do raise rates.

nick.trader4

Since the price bounced off resistance in early September the pound has been in a downtrend and is approaching major support created by Brexit. Price action looks to test that 1.3 level again and continue down 100 standard pips to nearly 1.28700. The pound may start to create higher highs after this support.