Gold has been very bullish and seems to have lost its momentum....im expecting a retracement before any further rise. I have marked the possible levels that price may visit and react to.
USDPY has been in an uptrend and its now at the buy zone....I will be buying to the top of the channel but trail profits.
Eurusd has broken out of the down trend it was in and made a higher low....however im not convinced its a reversal...so im hoping it will retest and I will enter a few buys and hold till the 50% fib retracement level.
CADCHF 1h analysis im expecting a rise from the current market price but I have another entry at the 50% fib level follow proper risk management
EurNzd has continued to push up and is now looking like its rejecting the 50% fib level...Im gonna give it another try and place my sl just above the 61% fib.
CADCHF is at a support zone and the 38.2% fib lvl and im going long...….tights sl. im expecting a rise to the recent high.
NZDUSD had been very bearish lately and is at a strong support level and im expecting a rise/retracement to one of the following levels / tp1 tp2 tp 3 If the USD is very strong and trumps coronavirus cure works plz be careful when trading xxxusd or usdxxx
UsdJpy has made a strong push up and is now losing momentum. It has failed to make a higher high and I strongly fell will reverse soon, it might go for another retest but I highly doubt it. (stay updated on the coronavirus and the cure that is being made in the US )
Im waiting to go long on gold as I feel in the long term it will rise (due to the effects of the corona virus) Its at a strong resistance level and im expecting a drop/retest of the recent support level and from there I will start buying.
This is the bullish scenario for eurusd…… Its risky to trade eur and usd so be carefull with this pair.
Eurusd has been very volatile lately and has made a strong push down. if it can close below the support line and can make a successful retest then I am expected a continued fall.....also considering the state of Europe and the effects of the corona virus. if it can close above perhaps we can see some bullish movement.
EURGBP has made a strong push up and im expecting a fall to one of the nearby support zones.....I will post an update if I see any changes...
EURJPY made a strong push upwards and is at a strong resistance level. I am expecting a fall to tp 1 and tp 2 ….tp 3 is open trail profits from there.
My thoughts on silver.....I feel it will retrace to one of the indicted levels and if I see a set up I will post again. Plz don't take this trade unless it matches your set up and plz send me some feedback as I don't usually trade silver.
USDJPY has broken structural support and has come back to retest this zone as resistance. if price closes below this retest line I can be sure it will drop back down.
THE gbp will become very strong in the future....but I feel for now it will pushdown more...….I am not selling but im waiting for the buy buy. Brexit will have a big effect on this.....Brexit supposed to make gbp stronger.
this is my bearish scenario....if we see rise to the resistance levels and a clear rejection then I fell it will most likely take a bearish approach.
AUDUSD has reached a low point and a strong support line and I am expecting a reversal...keep in mind it most likely wont reach tp 3 so plz trail your profit....move sl higher in profit as it rises.