PMI is set to be released today. PMI will be playing a critical role in US policy positioning in the upcoming months. Please review the notes on the charts and use LTF to enter trades accordingly. Trade safe and remember to manage risk.
This is a higher time frame analysis. Gold retesting on a higher time frame could be 100s of pips. Use this information to your advantage and flow with the market. We will post biweekly analysis. Stay tuned and Follow for more updates.
- Unemployment claims data shows a good US market strength. This lead the Gold to break 1956 price point of interest. - Unemployment was Better than expected but keep in mind still higher than previous. - Powell has been talking about delayed effect of rate hikes. - Uncertainty due to higher interest rates is still there which Please read on the charts about...
Gold is expected to continue bullish trend on London session open due to bad PMI data. Bad PMI data is indicating reduced demand and reduced manufacturing outcome. Investors take it as an economical indicator leading to recessionary period. I am expecting the trend to continue until Powell speaks on Wednesday and give us direction where the monetary policy will...
GLOBALPRIME:GBPUSD Technical and fundamentals aligning. Add your feedback and suggestion in comment.
As result of last week economical events USD continued in short term bearish trend. It could be good opportunity to ride the bullish trend for EURUSD. Add your suggestions in comments. Like an Subscribe.
GBPAUD is at critical point. I will stay neutral here and watch for next Point of interest to be hit for clarity whether we should continue with short term bearish bias or Long term bullish bias? Please like the idea if you agree. Add any suggestions or Analysis in comments.
I will be waiting for a good opportunity to take long position at around 0.740000. USD continuing its bearish trend. COVID 19 Cases and RBA cash rate possible to remain same leaving AUD value unaffected. Based on USD weakness, I am in bullsih bias of AUDUSD. Once price reaches my buy area, I will be watching price action on LTF to take buy entry.
- Bulls controlling GBPUSD - Fundamentals and Technical in favour of GBP - I will be looking to take Long position on pull back as marked. Please add your feedback in comments.
Here mis my USDCAD Analysis for educational purpose: Favourable points - DXY respecting bullish trend on 4H - USDCAD respected 78 Fib level - Clear BOS on 4H - Canadian economical outlook support CAD bearish trend - Consolidation shows weakened buyers Strength Why trade can go wrong- - Rising tensions in Afganistan may turn the DXY trend around. - Delta variant...
EURUSD is heading towards major rejection area. few possible confirmation points are': 1. Aligns well with Daily and H4 Fibo level 2. Aligns well with Daily TL 3. DXY is at possible reversal stage How to trade this idea? - Once we see a rejection around marked area, we will wait for break of structure. - Once BOF Structure happens on HTF, we will look for...