Fxoverseas

Fxoverseas

As its clear from chart, us oil has broken the blue down trend / bull flag and got a nice push up side, As dollar index is in corrective mode and we can see some more pullback in dollar index, We are looking oil as a long opportunity, any pullback around 90.70 -90.80, will be a long opportunity targeting 97.50 -97.80. The idea will be considered as invalidated...

Fxoverseas

GOLD TRADING IDEA FOR 07 NOVEMBER** As there is no such major fundamental events today, we are expecting gold to stay range bounded, As gold failed to break above the key resistance zone 17680-1683, We will be looking to sell gold below 1675 Targeting 1665-1664. on buyers side we can expect some more upside pullback A break above 1681, will be a buy...

Fxoverseas

Gold closed with some good gains after the job reports released pre US session with the increase more than expected job change which was good for dollar. indicates that , Labor market is still solid to handle the interest rate hike cycle, while the unemployment rate was higher than expected but still within the range to hike more rates, Fundamentally the next...

Fxoverseas

With the 75 basis point rate hike in yesterday FOMC Statement & the data dependent slow down in December, we got impulsive bearish move after rejecting from 1668-1670. We have been mentioning 1675-1680 as the key level of rejection in our last gold trade reports. with this hawkish move from FED we can still see the US dollar getting stronger in higher time...

Fxoverseas

Yesterday gold got some bullish price action broken out from the key level 1642-1644 back tested and went up to 1657, as stated in earlier reports but after PMI & JOLTS job opening data , dollar roar again caused weakness in gold and went back below 1644-1645. Today we are expecting gold to gain back all the losses made from PMI & Jolts job opening, As we...

Fxoverseas

Gold following the plan so far. ever since the rejection from 1673-1675 area we are bearish bias, later also it has broken the red uptrend channel to the upside, so in higher time frame as well lower time frame we are bearish bias. later today we have ISM manufacturing PMI & JOLTS job opening at 7.30PM IST, we are expecting bad data today which may cause a...

Fxoverseas

As we can see the chart, The gold has broken down side from the red uptrend channel and confirmed it as broken bear flag. So overall in in small time frame and higher time frame the gold is looking strong bearish. There are big fundamentals events in this week, including FED interest rete decision , NFP , until then we can see some range bounded market with low...

Fxoverseas

Gold traded sideways yesterday also showing weakness in higher time frame. after a series of mixed US data yesterday, we are expecting US dollar to stabilized again causing further weakness in gold. Major data to consider today is Core PCE Price Index which is expected to be @ 0.5 a strong data will cause a further weakness in gold. Also in the longer run the...

Fxoverseas

Gold is trading inside the red uptrend channel , looking strong bullish in Lower time frames. However still looking weaker in higher time frame. after the consumer sentiment data last Friday, Japan's & china currency intervention has brought softness in dollar index causing the rally in gold. Today we have many US data lined up (advance GDP, core durable goods ,...

Fxoverseas

After yesterday's consumer sentiment data, Dxy broke below 112.00 causing rally in gold and currently trading in red uptrend channel We are looking for short-term uptrend move while the overall trend will remain bearish in our opinion A pullback to 1656-1657 will give a long opportunity targeting - 1678-1680. Another safe buy will be around 1648 targeting the...

Fxoverseas

Gold bounce off the blue support, but still in the golden down trend channel moved bearish yesterday, dropped around 25$ , expecting a upside correction till 1640-1642 there will be opportunity to short targeting 1610-1612 Anything below 1624-1623 , will be a sell breakout targeting 1610-1612 Anything above 1646-1647 will be long opportunity, no buy below...

Fxoverseas

The gold is trading inside the green down trend channel which is inside the golden down trend channel, Later friday last week gold seems to holding the important support level 1642-1644, but on monday gold seems to be open gap down. 1615-1619 is next important support and we reckon it will hold and start a rally towards 1655 and then 1675, 1672-1675, is still...

Fxoverseas

Quick Update from us ion BTCUSD. BTCUSD is moving in sideways channel since 1 month and there is no significant move so far. Where as bulls attempted to break a important level of 20K in previously but failed to do so. The green and yellow channels are very significant , any move upside above yellow and green channel will take BTC to 25K at least, As...

04:33

Fxoverseas

as per the video , as oil has broken the golden support on the 7th touch, we are expecting weakness is oil, its already trading in green downtrend channel. also the black overhead resistance in holding so far, any break below golden support will not be good for oil and we can see $75 in oil , if golden support does not hold. Please watch the video for more update.

Fxoverseas

We are buying #GBPCHF.. here are the two reasons why we are buying GBPCHF. 1. Holding long-term green horizontal support. 2. back test on the golden broken bull flag. Below 1.1480 the ideal will be considered invalidated.

Fxoverseas

In the earlier analysis of SPX500, we mention the levels and trend, it exactly followed the same way and went up +200 points, Now as it has already cleared the long term golden down trend channel and consolidating above it, We are expecting a back test on the downtrend channel around 4115-4125 and heading north again with ultimate target of 4400. Later on the...

Fxoverseas

EURUSD got some strength after recovering from the parity, fundamentally A not-so-great US jobs report would do the work. It needs to be moderately disappointing, like GDP. If it's horrible, the dollar weakness will be continue. Technically EURUSD has broken the yellow down trend and also the golden bull flag. I will add long position here and hold over some...

Fxoverseas

Easing Monetary Policy in last FED meeting and current structure is showing bullishness in SPX 500, SPX has already broke the yellow bull flag and showing relative strength upside, still inside the blue bear flag, yesterday it attempt to break the blue bear flag. further we are expecting it to remain inside white uptrend channel. We would prefer to buy SPX on...