KBFX

KBFX

GOLD currently trading at a Key resistance and has previously made higher highs from failing to eliminate previous lows to continue down to 1200s, as the dollar makes lower highs looking for XAUUSD to proceed to a target of 1260, 1300s before coming back to retest its low. Look below for DXY outlook.

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The dollar is still weakening and has formed a lower high and has opened up with a bit of a gap down, looking for price to weaken . Potential Head and shoulders playing out?

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AUD has had a strong breakout of its ascending trendling and is not proceeding to a target area of 83.730, where price may find support and play off it.

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Aud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach

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AUDCAD has broken the trend line and is showing strong signs of bearish movement at it appraoched to retest the trend , looking for price to head lower

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As AUDUSD approaches a heavily respected Resistance at 0.77196 which has failed to be breached since 2015 early 2016, breaking price 0.7600 will push price back into its intra-day short

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Cup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900

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USDCHF has broken its trend line and now retesting the trend , As the dollar weakens looking for price to proceed lower, 200 and 50 EMA has crossed on the 1h, 45, and 30m Time Frame

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gold prices has fell to a two week low today as the dollar strengthens as yellen stated the importance of increasing rates and possible hike in march ,currently trading with an intra-day high at 1228 and a low at 1216, still looking for price to push up to 1254 before heading back down to 1200s then 1180

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EURGBP Heads and shoulder as the process for Brexit continues, the right shoulder is being formed, looking for a downside to the previous bullish OB

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Crude oil has been trading at high levels and is now consolidating at $54, looking for an upside to $60

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Still quite bullish, previous weekly resis level 1182 with a hammer forcing price to shoot up towards 200 ema to begin eliminating previous highs, as the dollar weakens

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EURGBP has hit the bottom of its channel if price breaks above 0.8387 we could see it heading to 0.84448, Alternatively if sellers take control price could fall to as low as 0.82466

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Crude oil to carry on rallying to eliminate previous highs and aim toward 51 - 60, Prices remain more than 20 percent higher than a six-week low hit earlier in August

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XAUUSD failed to push past 1400 , also failed to eliminate previous highs during US Retail sales, looking for a downside back to 1280s

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Short to 49