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Patternanalysis

XAUUSD (GOLD) Daily Analysis 3/15/20Gold Neutral Idea We have seen that gold has been very bullish overall on the higher timeframes. Last week we saw Gold depreciate against the quick rise of the usd. From the current level of support around 1515.00 we are looking for one of two potential scenarios. Price action bounces and sends gold back into the overall bullish trend, target higher resistance and key levels Price action breaks support and pushes lower. Look for the broken level to be retested with plenty confirmation and target lower As usd news remains uncertain we will see erratic market movements, when things start to settle so will the market. Normal market conditions will always resume with time.
FX_IDC:XAUUSD
by ForexLeague
NZDCAD Daily Analysis 3/15/20NZDCAD Short Idea Last week we saw this pair turn extremely bearish with huge momentum all the way to our major support level around 0.83750 From this level we’re looking for one of two situations to play out 1. A significant bounce keeping price action within this range, look to target significant resistance levels 2. Bearish momentum does not slow down and pushes price action through the current support level, look to target significant support levels A perfect setup for a short position would be a break and retest of support at 0.83750 followed by strong bearish confirmations on multiple timeframes
Short
by ForexLeague
1
EURUSD Daily Analysis 3/15/20 EURUSD Short Idea This pair is in the middle of what looks like a significant retracement and is currently holding at the daily 200ema and support level around 1.11500 From this level we are looking for two potential outcomes Price action bounces swiftly from this level & the 200 ema, look to target significant resistance levels Price action breaks support and begins pushing lower. Target significant support levels We will remain in the waiting phase as this plays out. Look for price action to bounce or break and enter on lower time frame confirmations.
Short
by ForexLeague
EURJPY Daily Analysis 3/15/20EURJPY Short Idea This pair is still looking very bearish on all significant timeframes. Ultimately we are still looking for short setups as the daily trend is still strongly bearish until a daily lower high is confirmed broken. From the current level we want to identify some bearish setups as well as lower timeframe transitions. The sooner we can spot a potential transition the sooner we can get into a high probability trade around this level. Look to target lower toward 115.500 and other major support levels
Short
by ForexLeague
GBPUSD - WEEKLY TRENDLINE BREAKOUTHello Traders, GBPUSD got to the point when it's making a bigger correction just after the Weekly Trendline been broken. What is that mean ? - It means that now we are waiting for a bigger confirmation pattern to form and once the pattern is finished, we will try to get in on the low and ride this beautiful big move to the upside. Probably its going to take the whole next week to form on the 4h timeframe, but while we are waiting for that, we can have a few short term trades. This is a very nice pattern so far, I don't see any signs for the downside. Keep this pair on your watchlist because it will have a lot of nice setups to buy. Will explain more about it in the WEEKLY OUTLOOK video that im doing Sunday Afternoon UK time. Trade Safe - Trade Simple Alex
by AlexTheSwiss
Salmar [SALM] Still consolidatingSalmar - Which is a Norwegian salmon company, has been consolidating in a roughly 15% price range the last weeks. Personally have I caught all but one of the ranges, and now it's back at the bottom so I thought I'd share it with you all. Price has been going back and forth from NOK - NOK for a good while now, And considering the world-wide population growth, and the world-wide love for Norwegian salmon (wink wink) I don't see any reason why they should fare worse in the near future. Currently long @ looking to sell @ - unless some unforseen news arrive.
OSL:SALMLong
by DonBboy
3