AbsoluteWillid

AbsoluteWillid

EURUSD EURUSD tries to take advantage of the FOMC momentum this morning to penetrate its MA100 and hopes for a reversal in this pair. Even though the price is back in the range 1.01856 - 1.03425, we can see that the MA pattern is still in a downtrend, which means that in order to pull the MA at least into a temporary uptrend, EURUSD must make a minimum price...

AbsoluteWillid

GBPUSD Cable goes straight to our TP after picking up the buy stop that we installed yesterday. Rising high to the next resistance in 1 candle will usually be followed by a deep correction or consolidation as well. The potential for price correction on GBPUSD is still at the support 1.20604 which it just left but yesterday's increase was enough to confirm the...

AbsoluteWillid

XAUUSD GOLD rose to resistance 1734 but hasn't confirmed the metal's uptrend yet. Loco collided with its MA100 and most likely today will make price correction back to support 1724 which means GOLD is still not moving from its sideway range since July 22, namely at 1715 - 1734. We will enter GOLD after the MA100 is broken. R3 1755.750 R2 1741.620 R1...

AbsoluteWillid

AUDUSD has re-entered the range 0.68539 - 0.69014 and looks set to make correction to the MA20 at the support. The MA100 has made a golden cross which confirms the uptrend on AUDUSD so the price is still optimistic to rise again towards resistance 0.69292 this week. BUY LIMIT 0.68577 SL 0.68000 TP 0.69280 R3 0.69913 R2 0.69692 R1 0.69014 PV 0.68539 S1...

AbsoluteWillid

EURUSD managed to rise 1 more range to the 1.01856 - 1.03425 area and the price is currently consolidating at its 100 MA. The uptrend is still visible but there is a possibility that this consolidation will last at least until MA8 makes a golden cross with MA100 and confirms the uptrend. Congratulations on yesterday's profit. As usual, we will see the next...

AbsoluteWillid

AUDUSD AUDUSD rose drastically through yesterday's resistance at 0.68539 and immediately reached resistance 0.69014. The price probably will make a correction today to MA8 which is also the new support at 0.68539 while waiting for the golden cross between MA20 and MA100 which will confirm the uptrend in AUDUSD. Congratulations to yesterday's TP. As usual, we...

AbsoluteWillid

The NASDAQ finally broke the ascending triangle into the range 12211 - 12441. Make sure a break of this resistance is not a false break by looking at the direction of the price correction on the NASDAQ today because yesterday's increase was an instant increase. If this break is validated, with the MA pattern showing how strong the uptrend is, the NASDAQ might...

AbsoluteWillid

After correction to the MA20, DOW continued its uptrend according to yesterday's analysis and managed to break resistance 31756 this morning. Of course, with an instant increase, today the DOW is likely to make a fairly steep correction to its MA8 which is still in the range 31317 - 31756. The MA that is getting higher and higher indicates that the uptrend is...

AbsoluteWillid

GBPUSD It's a shame that GBPUSD didn't pick up our prices yesterday before leaving for TP. GBPUSD is still observed in the range 1.19144 - 1.20102 after making a false break on the resistance which is also the MA100 yesterday. MA8 which is increasingly clamping down on the price of Cable makes this pair have to determine its maximum direction tomorrow so that the...