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GOLD-SILVER

XAUUSD H4 | Market Outlook- Gold prices edged higher on Thursday but remain below key resistance levels. The yellow metal was able to remain buoyed as the dollar dropped and the Euro rallied following the ECB decision. The key item was Lagarde arguing to the market that a decision to slow the pace of asset buying under the institution’s pandemic emergency program didn’t amount to tapering. Technical View - The main trend is up according to the daily swing chart. However, momentum has shifted to the downside. A trade through 1836 will signal a resumption of the uptrend. A move through 1781 will change the main trend to down. - Short-term momentum has reversed and turned positive and generated a crossover buy signal. Medium-term momentum has turned negative!
SAXO:XAUUSDLong
by GOLDFXCC
3
GBPUSD: at a crossroadsAnd so, the instrument is located between the levels 1.42100 - 1.35690, which, respectively, are the key lines of resistance and support. The medium-term movement of the GBPUSD depends on these levels. At the current stage, there is a suspicion of the formation of a "triangle". Most likely, the price will be within the limits of this (possible) formation. In another variant, it is also probable that the price will break out of these boundaries today and go to the level of 1.40040. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
5
EURUSD: on the line of defenseAnd so, the Euro, as expected, retreated to the 1-st support line at 1.18025. Sales here have been stopped, but it is unlikely that they can be stopped at all. If in the very near future the price does not rebound from this support, then the 2-nd line of defense for the Euro will be 1.17530. Consolidation at the 1.18025 level is likely to lead to a fall as well. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
USDCAD: launch upAnd so, given the strength of the US dollar at the moment, as well as the fact that oil prices are likely to decline in the near future, the Canadian will weaken. The 1.26320 level is a good starting point upwards. The first expected target is located at the level of 1.27339, then, potentially, nothing should prevent the price from reaching 1.284460. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
7
CADJPY: IS IT TIME FOR BEARISH BIAS/TEMPORARY CORRECTION AHEAD?Hello Traders, here's your free outlook for CADJPY! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :) ! CADJPY already impulsively rejected multiple rejection area. Recently, CADJPY has broken the lower trendline of rising wedge pattern. The momentum indicator is also pointing downward in the neutral area, indicating that CADJPY has the possibility to continue moving downward to the target area. The roadmap will be invalid after exceeding the resistance/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell CADJPY.
Short
by financialfreedomgoals101
BTCUSD: BUY-priorityAnd so, the coin continues to confidently fix above the level of 47844.60. At the moment, the level of 52495.95 (1-st resistance level) is being tested for strength. Further rapid rise in prices is doubtful. A slight pullback is expected, and then nothing should prevent the level from reaching 58326.25. While the price is in the range 47844.60 - 52495.95, the instrument is in BUY-priority. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
BITSTAMP:BTCUSDLong
by UnknownUnicorn15614419
8
DXY - Rising bearish wedge breakdown through resistance.Looking on the daily time frame, we can see that from fall of 2020, the DXY carved out a solid trend line that the price bumped up against several times before breaking through earlier this summer. However, the breakthrough created a rising wedge pattern which showed signs of breakdown friday of last week. Price action has since fallen through the rising wedge, providing a target in the 0.91 area. The price has also begun falling through the former resistance trend line. A weekly close today followed by confirmation at the end of the month could bring about a retest of DXY lows from the last 8 months.
TVC:DXYShort
by ehjreynolds