BitterSweetMarkets

BitterSweetMarkets Updated 

NZD/CAD is at this critical level again, first tested back in 2014. The next two to three days could give clues as to where we go from here.

BitterSweetMarkets

A breakout of the down channel puts the bulls back in control and we could well see this metal test resistance...Thats the preferred trade given the higher lows over the recent sessions. But we can't rule out further downside and so now is not the time to enter a trade. Early next week would be better timing !

BitterSweetMarkets

This could be the beginning of a bull market for gold 0.13% . Its early days yet but since today it has convincingly broke through that solid 6 year bearish resistance trend line , you have to consider the possibility of a change in direction..coupled with that the dollars not looking to clever at this moment in time. What will be a screaming buy signal is if and...

BitterSweetMarkets

This could be the beginning of a bull market for gold. Its early days yet but since today it has convincingly broke through that solid 6 year bearish resistance trend line, you have to consider the possibility of a change in direction..coupled with that the dollars not looking to clever at this moment in time. What will be a screaming buy signal is if and when it...

BitterSweetMarkets

Watch for price action at the (orange) eclipse. A break & close above the upper trend line suggests the pattern is complete giving us a buy signal. If resistance holds at the upper trend line then a short trade back to support can be taken, wait for the price to fall below the eclipse for confirmation.

BitterSweetMarkets

Watch for a close above the line to go Long..Alternatively below the eclipse is where i would enter a short closing at support..

BitterSweetMarkets

AUD/USD pair in a 3 month downtrend, once again testing trend line resistance. Break and close above on the Daily chart and prices could advance, The most likely scenario would be further downside as we stay inside the channel...

BitterSweetMarkets Updated 

Look for price action behaviour around the resistance level, keep an eye on the BB's squeezing tighter, remember this is the Daily chart so it should fire nicely at some point in the near future. It would be more convincing if the rising wedge would form a little more. At this stage i'm looking at shorting this pair within the next 1 to 5 days.

BitterSweetMarkets

Strong resistance coupled with a bearish divergence indicator could suggest a pullback is imminent. Stops required above 1.10000

BitterSweetMarkets

A break and close below the lower trend line should offer an opportunity to go short. The long term trend line (blue) should give clues as to whether or not this idea is going to play out or not...

BitterSweetMarkets

A break and close above or below the trend lines could offer an insight as to direction, and a chance to enter a swing trade. Stops back at the trend lines are recommended as pull/throw backs are common. Follow through on the new direction if this occurs but again once the trend line is broken.

BitterSweetMarkets

Further downside could see the completion of the first part of the inverted cup and handle pattern. Having broke through major support levels significant downside is a possibility. A retrace back to 0.76000 would negate this view.

BitterSweetMarkets

Its another one for the watch list, Although early days this week the Bulls have taken control price behaviour around the 33.000 area should give clues as to where this pair are heading..

BitterSweetMarkets

This could be worth buying and holding for the long haul. Watch for higher highs and higher lows on the daily and weekly.. Above or below 83.500/700 should determine the direction for the following month.

BitterSweetMarkets

A break and close below the lower trend line on this daily chart and i will attempt a short with a stop around 9550/600. A more aggressive short could be taken now as we have a double top in place and resistance has been respected at 9560/70 zone.

BitterSweetMarkets

Wait for price action behaviour at trend line support. Momentum has decreased considerably inside the rising wedge suggesting a possible move to the downside is on the cards.

BitterSweetMarkets

Looking for any weakness to go long..Entry level at 1370 with a first target at 1412 and a second target at 1440.

BitterSweetMarkets

Although more downside seems to be the favourable trade to take, here's a look at a bullish scenario.