ForexFarmAnalysis

ForexFarmAnalysis

I drew the support and resistance of Gold on chart. Please comment your idea.

ForexFarmAnalysis

following to my previous post, as we look at monthly time frame, there is a possibility of forming an inverse head and shoulder which would result in a bullish trend.

ForexFarmAnalysis

It seems that a head and shoulder is forming.

ForexFarmAnalysis

I drew support and resistance of this week on the chart. please comment your idea.

ForexFarmAnalysis

There is a bearish engulfing candlestick pattern in monthly timeframe, so it might send this pair lower to a key resistance at 1.1500. and then there would be a buy opportunity at around 1.1500. For now, 1.1615 is support and the short-term trend line at 1.1800 is resistance.

ForexFarmAnalysis

Gold is still consolidating after pullback from 2075. But it seems still bullish.

ForexFarmAnalysis

This pair is testing its channel and breaking through this channel would expose 1.8270

ForexFarmAnalysis

There is rising wedge in daily chart and makes this pair to look bearish. But there is a reverse head and shoulder pattern forming in monthly time frame. So be careful if you trade short.

ForexFarmAnalysis

Further to breaking the bullish trend line, this pair seems to be bearish now and support an resistance areas are shown on the chart.

ForexFarmAnalysis

EURUSD is still consolidating. But the overall trend seems to be bullish.

ForexFarmAnalysis

Pound just broke the support trend line and it seems that it will continue downtrend to the next trendline.

ForexFarmAnalysis

support and resistances are as shown on chart

ForexFarmAnalysis

support and resistance for the weak ahead has been shown on chart.

ForexFarmAnalysis

USDJPY is same as last week

ForexFarmAnalysis

Overall trend of GBPUSD is still bullish. but the momentum is low and short-term bearish is expected.

ForexFarmAnalysis

EURUSD seems to be bearish for some days. But overall trend is still bullish.

ForexFarmAnalysis

We have to wait to see if August candle will close below the wedge pattern or not!

ForexFarmAnalysis

GBPUSD is making an upward sloping flag which could trigger a move lower.