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Forex-currency

XAUUSD BIAS: BULLISH; CHART: H1 & H4Hello, I hope you all enjoyed the sweet ride to the downside yesterday. Fine! Today, what next? Will the XAUUSD go up or down? I know most of us are contemplating currently the pair's next direction. Note: no trade for now. Why? It's only because the pair is in an indecision state for now. I mean the accumulation phase. I believe that you know the meaning of this: liquidity accumulation phase. What Would You Do Now? The answer is waiting. Wait for the breakout of the structure to the upside, the resistance level, as a lower low has formed, and what next is a higher high to form. Once the breakout occurs then it's time to take a trade decision. My Bias: BUY
OANDA:XAUUSD
by OraclePips
AUDUSD BIAS: SELL; CHART: H1Hello there again, what is happening in the AU market? Unh, technically, the AU is showing weakness against the USD. HOW AND WHY? First, In the chart above, if you open your eyes wide, you will see that the market has started forming the lower high and lower low structure, signaling the downward movement. Second, the break of structure has already taken place. Third, the recent low has been broken, and the price is under the resistance level. Last, a bearish engulfing has formed, showing the downward continuation.
Short
by OraclePips
EURUSD: Target hit. One more to go.The EURUSD pair hit our TP1 = 1.0700 (see past idea at the bottom) and reached the 1D MA50. Naturally it turned neutral again technically on the 1D time-frame (RSI = 54.823, MACD = -0.001, ADX = 25.764) and this is a short term Resistance. As mentioned previously, as long as 1D candles close over the 1D MA100, the trend is bullish long term supported on HL going back to last December. The Fed on Wednesday typically come with volatility, so it is possible for late comers to get once last opportunity to buy. TP2 is 1.08500. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
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