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XAUUSD technical analysis Technical analysis XAUUSD in a technical point of view is currently in an accumulating phase after a sharp down move in its correction recently. The RSI and also Stochastic deliver us a positive divergence at H120 TF. The C leg in primary degree is also formed, so that the price action is just now expected to lead higher to break the $1,467.xx level, then from there we see a further up move momentum will be tanked to bring Gold to next higher level at around $1,49x.xx-$1,50x.xx again ( D leg in primary). Trading strategy for XAUUSD is now looking for long with stop loss below the current lows at $1,444.20 USD/ounce. Price zones to buy at every support levels, which we see at: 1458.00 1456.00 1450.00 Take your look at the depicted chart below for more references: Clear up momentum we will see but firstly above 1469.xx. From there the upward move to the Nord will be confirmed. Trade well
OANDA:XAUUSDLong
by DrFaust_Official
XAUUSD is in corrective mode, looking to short at up channelHi fellow traders, Gold has been pushing down from its highs at around $1,560.xx USD/oz to the current lows at $1,459.17 USD/oz, and now it is heading upward to the near resistance zone at $1,505.xx-$1,507.xx (61.8% fibs retracement). From there, I expect there will be slowing with upward momentum. So if these price levels would be denied, then $ 1,450.xx USD/oz is expected for. Keep watching the price action and short at the right time to the right price :) Trade well!
OANDA:XAUUSDShort
by DrFaust_Official
NZD/USD gets direction change in my technical sight Hello traders, Last update for NZD/USD on March 27th, 2019 was a while ago and the target has been hit yesterday: Currently NZD/USD is trading at around 0.6583 handle and probably the support zone for Kiwi has been founding here to end its C leg in minor degree flat correction. A change of direction is now expected to see in the coming time, but to be convinced of a change thereof, I think from above the price level of 0.6707x will be considered . Happy trading!
Long
by DrFaust_Official
AUD/USD, Short it!Hello traders, Some important news will be released for AUD/USD to day later in the Asian trading session, namely interest rate decision by the RBA. Fundamental point of view and also based on RBA latest statement in April 2019, a rate hike could be eliminated by RBA for today due to economical situations they are concerned about, namely the trade war sentiment between the U.S. and China has been vivid recently, which can affect the Australian economy, too. On the other hand, RBA were the opinion that low interest rate should support the Australian economy. Hence there are two possible scenarios for rate decision, according to my point of view, as following: 1. RBA keeps the rate unchanged at 1.5% and keep further waiting how the economical situations will be developed between the U.S. and China. 2. They cut the rate to 0.25% basis point to support the economy with new stimulus, this signalized that the trade war between the U.S. and China is being to reach new climax. Technical point of view the 5th impulsive wave in primary degree according to our analysis is still forming and has not completed yet, and it shall reach the level at around 0.657xx in the coming time. Conclusion: Short the Aussie to the next lower level. Happy trading!
Short
by DrFaust_Official
GBP/USD longHi traders, Detected pattern in forming now and it is somewhere between a flat and triangle. Two scenarios for GBP/USD are as following: 1. Long GBP/USD at the current price level with stop loss below the recent lows at H4 TF. Tp at the upper trend line. 2. Looking for a short, if the current lows will be broken down. Tp@1.295x should be the considering end target level. Stop loss just above the current highs at H4. Personally I prefer to long, it seems to be more upside to see in the coming days. In good half hour we have the CPI news release, it can bring some actions for that pairs. Happy trading!
Long
by DrFaust_Official
Elliott-wave view: EUR/AUD Technical-analysis Hi traders, Anyone is in buying or selling EUR/AUD at the moment? I prefer to keep waiting for a short EUR/AUD. Any further breakdown the lower support line, then short on the rally. A up move scenario could be occurred and it will lead the price action higher to breakup the upper trend line, at that zone immediately resistance should be at around 1.1593x, short then on the pullback. Long scenario needs to have some more strong supports signs on he chart, so need to wait for further price development. Happy trading!
Short
by DrFaust_Official