Get started

GBP-CHF

Gold may retrace lower to $1215/20 ?Gold seems to have made an interim top at $1240 levels, just shy from our projection at $1250/70 levels. It is quite possible that the yellow metal may produce a corrective drop towards the $1215/1220 zone, before rallying further. Please also note that 50% retracement of the rally between $1182 and $1240 levels is seen at $1211 and that could be the next potential support for pushing higher through $1250/70 levels. Another possibility could be that A-B-C corrective rally could be over from $1160 through $1240 levels and that a major corrective could be on its way. For now, we maintain our neutral bias. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSD
by FXTM
US Dollar Index: 96.16 remains critical for bears to stay!The US Dollar Index has been attempting a break above 96.16 levels and it could be vulnerable towards the same. At this point in time, we remain cautiously optimistic for a bearish resumption since 96.16 levels remain intact. If bears could manage to hold 96.16 levels going forward, we could witness a iii of 3rd wave lower, within the proposed 5 waves of Wave C towards at least 93.80. On the flip side, a break above 96.16 could suggest that the US Dollar Index could run up to 96.50/60 levels before facing resistance and delay the proposed drop for now. Overall, 96.16 remain the line in sand for bears to remain in control. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.2954 (Horizontal pullback resistance, 23.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2819 (100% fibonacci extension). RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
EURUSD reverses just a pip shy from 1.1434 !EURUSD keeps the structure intact, with prices reversing from just a pip away at 1.1433/34 levels on Friday, moving over a 100 pips through 1.1535 levels. During the short term bull run, it has also taken out initial resistance at 1.1527 levels. With EURUSD trading at 1.1512 levels at this point in time, one could expect a corrective drop, possibly a lower degree wave ii, before the rally resumes. Please note that bulls would remain in control, till prices stay above 1.1432 levels and the medium term wave structure remains bullish with potential towards 1.1850 levels at least. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
GBPCHF approaching support, potential bounce!GBPCHF is approaching our first support at 1.2942 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3090 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement). RSI (89) is also bouncing off support and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
6
Gold bulls in control. Expect a corrective drop to $1210/12In line with our discussions yesterday, Gold produced a rally with prices exceeding $1230 levels yesterday, before the pullback. Looking at the wave structure, it remain quite clear that Wave C is into progress towards $1250/70 levels, within the A-B-C corrective rally that began from $1160 levels earlier. If we dig further, a lower degree impulse wave that began from $1281.50 levels earlier, looks to be complete around $1230/32 levels. Keeping this in mind, please do not be surprised to see a corrective drop which could begin from $1232/37 levels, towards $1212 levels or lower. Ideally any correction from here should remain well capped above $1181.50 levels going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
4
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2865 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3090 (horizontal overlap resistance, 78.6% Fibonacci retracement). RSI (89) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
EURUSD crosses 1.1600 levels.The EURUSD pair has rallied close to 180 pips after printing lows at 1.1432 levels recently. Please note that EURUSD bulls took off two resistance till now, at 1.1550 and 1.1600 levels respectively. Looking at the wave structure, Wave A and Wave B are already in place and Wave C is now progressing, and could unfold into 5 waves at the same degree. At this point in time we are close to terminating a lower degree Wave i which might have terminated at 1.1609 today. If the above structure holds well, we could see a corrective drop (3 waves) towards 1.1500/50 levels as Wave ii, before the rally resumes and accelerates higher. It could be a safe trading strategy to add long positions on dips. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
5
EURUSD bulls seem to be in control nowThe EURUSD pair has raised to 1.1570 levels since printing lows at 1.1432 levels earlier this week. Please note that the pair has taken out price resistance at 1.1550 levels and is now seen comfortably trading into the buy zone of the immediate trendline resistance. Looking into the wave structure, we believe Waves A and B are now in place with Wave B termination seen at 1.1432 levels. If this holds well, prices should stay above 1.1432 levels going forward and continue higher towards 1.1830 resistance for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
6
Gold could re-test $1180/82 levels before rallyingLooking at the price action and wave structure for Gold at this point in writing, the yellow metal seems to be drifting sideways $1183 and $1192 levels. It could be unfolding a potential triangle or flat before a last drop lower into $1180/81 region. This could complete a 3-3 wave count and then give way to a 5 wave rally towards $1250/70 levels, finally completing a 3-3-5 wave structure as the last leg of correction. To simplify, Gold medium term bullish structure could still remain intact until prices stay above $1180.00 levels going forward. On the flip side, a drop towards $1172 could be possible which delays matters for the proposed rally. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
4
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2894 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.30909 (horizontal overlap resistance, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) is also approaching our ascending support lien and a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
AUDUSD needs to break above 0.7085 to confirm bottom in placeThe AUDUSD hourly chart remains constructive for an expanded flat wave count that was presented on Friday. The price action until now could be suggesting that AUDUSD might have terminated Wave A at 0.7313 levels earlier. Also it could be possible that the Aussie Dollar has terminated its Wave B at 0.7040 lows made on Friday, or it could be very close to terminating Wave B around 0.7020/30 levels. If this wave structure holds good, we could see prices rally sharply as Wave C unfolds. The suggested price targets for Wave C could be above 0.7313 levels at least. Ideally Wave C could terminate through 0.7500 levels in medium term. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
4