Everything is set and ready for GBPCAD to Fall on Election results. SELL GBP on breaking lower from this flat pattern's supportive trend line.
Getting ready to SELL USDCAD before considering to BUY again while it's respecting the pattern.
Looking for a SELL before BUYING while it is within triangular correction pattern.
On a bigger time-frame we can observe a clear uptrend. This pair is highly dependent on the Brexit deal outcome. During uncertainty it may lag but overall will tend to follow technical trend. As GBPUSD already bounced off and EURUSD still has more room for up-move, the pair moves inside the corrective pattern. I expect the pair to break up the pattern, however one...
Sell Opportunity, while Gold is correcting. Aim 1202 areas for TP this week. Watch Red line not to be broken, if broken, BUY. Next week Gold is going to reach new high. Because Gold's price action is within the channel as you can see.
Good opportunity to Buy. This week the price is to start rising. It has created plenty of room for the upside and is near its lower channel on bigger Weekly and Monthly charts. We can see a very big move from around here up to around 13800-14000. However, move can be not very sharp and take some time to reach that level. So Buy with longer term perspective as...
Silver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :) Key...
EURGBP is in a definite downtrend. It has entered a SELL zone, meaning the end of correction. Assuming GBPUSD got hit less than EURUSD it makes a good sense to SELL EURGBP. However, keep in mind that this pair is highly sensitive to BREXIT deal news. That might be the reason for technical analysis not to work. So, you might consider TP earlier in case of any...