USD/CHF Today the price makes a Re-Test of the Double Top Neckline in confluence with the pullback on the previous 61.8% Fibo Level the price is ready to have a new Push-down in the direction of the primary trend.
USD/CHF: The Dollar today try to recover value after a strong European starting year where we saw all the European currencies grow. The price makes a Pullback on the 50% Fibo level and we may assist a new Growing for the USD. The stochastic shows also a DIvergence. We are LONG
EUR/USD: The price after a strong impulse yesterday, today we may look at a retracement, the Stochastic shows divergence and our Bias is about a pullback that may reach the 1.07100 area to look after a new bullish impulse following the main trend.
GOLD: The price after a strong impulse yesterday, today we may look at a retracement on the previous support area before a new Long setup. The view in long term is Bullish but a Pullback before a new impulse is physiological for the market.
GOLD in Overbought Area with Divergence sees the price inside a rectangle where a possible breakout will let fall the price in the area 1864 - 1854.000. We are Looking for a Short setup here.
EUR/USD Strong Bull spike after Fed Chair Powell Speaks let's see the EUR make a Double Top in the lower time frame in area 1.076 and our Idea is now definitely bearish for this pair. The Stochastic indicator is still in the overbought are and we have set a Short trade in this scenario.
GBP/USD as explained yesterday still inside a bearish channel where today the price makes a rebound on the dynamic trendline inc confluence with the 61.8% Fibonacci level. The stochastic is still in the overbought area and we are Looking for a Short Setup.
EUR/USD is still inside a strong bullish rally where the price approach today a resistance area where a possible reversal may happen. The stochastic is in an overbought area and the EURO may make a Double TOP for a new Short setup. Our Idea is to see the Euro come back around area 1.0600
The GBP/USD reaches the 50% Fibo level from the Higher swing high in confluence with the resistance level of 1.2150 inside a resistance area. Our forecast is about a Short setup looking for the price to come back around 1.2000 area.
AUD/USD the price makes in the last sessions a strong increase value whereas today the price seems to react to 0.69400 resistance where a possible reversal may happen. The stochastic is still in the overbought area and our Idea is about a new Bearish impulse.
GOLD had a strong Bullish candle despite the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and retest the previous resistance at 1850.000. We are Looking for a Reversal setup.
EUR/USD in a strong downtrend have a retest the previous resistance at 1.0520 - 1.0530 area after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
GBP/USD retest the previous resistance at 1.1900 after the positive economic data release of the US Unemployment Rate , Non-Farm Employment Change and the Unemployment Rate and the price may have a strong drop down in the direction of the main trend.
EUR/USD continues to stay inside a Bullish rally where a dynamic trendline worked as support for the last swing low where the price had a rebound and now, the price it's inside an accumulation pattern where we expect to have a breakout for the upper side of the chart. Our setup is LONG.
GBP/USD is still inside a Sideways area where the price in the last hours has recovered value and made a retest of the previous support level where a confluence of the Fibonacci level can give the right place for the price to have a bullish impulse on the upper side of the channel. We are Looking for a Bullish scenario.
EUR/USD inside a sideway area today had a re-test of the previous support Area and is ready to have anew Bullish impulse to the upper side of the channel. The FOMC press will be a crucial point for this currency to understand the next movement.
Gold makes a new retest of the previous support and the dynamic trendline of the previous bullish channel and in confluence, with the 38.2% and 50% Fibo seems ready for a new Long setup.
USD/JPY inside a Strong bearish trend in the last hours is trying to recover value but the 50% FIBO level probably will work as a resistance for the price. Crucial will be today the FOMC to decide the direction of the market. We are Looking for a short setup.