Japanese Economy is on the rise Developed market Japan is going to thrive in the midst of the imminent recession caused by Trump Admin. Top of the buy list - Gold JXY Silver And other emerging markets
After attaining multi month lows "@ 75.5 we have since retraced, persisting the 61.8. A h&s could materialise for this pair for a nice R:R to new lows.
With prior day shooting star with 3 weekly rejection closes from 84 psych Shorts to TL
Nearing the end of the month and accumulating several confluences for shorts, a pullback seems pretty likely with 38.2 / 1.775 being an ideal pullback zone We can expect further decline in the weeks and months to come but a long beforehand seems favourable. Will watch over the next few days
Textbook uptrend from 2015 however recent months failed to attain new highs and in the process melted past 2018 lows A healthy pullback seems imminent to 1250 and beyond
If May closes we have ourselves a evening star formation from resistance on the Monthly in addition to the MA crossover and a 2017 strong TL breach. A pullback to 147 can be expected and profited from counter trend traders before a well needed melt to the downside. Higher timeframes indicate a long overdue descent is expected in the coming months. 142,5 & beyond.
Considering that a huge psychological level of 95 Is nearing it seems likely the DXY could attain in the next fortnight before a much needed melt should ensue. Smaller time frame, i would consider a pullback to the Daily TL, creating a 3rd bounce new HL before ascension to 95.
If last weeks candle is anyhting to go by bears are ready to go beast mode on this pair not before a new LH is formed
Similar to Eurusd pullback needed before aggressive decline
Could form a double bottom at support before retracing to 38.2 where shorts will ensue
Await for further communication to enter longs Overrall a bearish trend and downside pontetial is huge
Inverse head and shoulders initiating a bull run to psych level potentially beyond Unless it rejects 84 again
A retracement is needed with 4hr showing discreet hh hl being formed
After nearing closer and closer to 1300 gold sharply pulled back resulting in a spinning top weekly closure creating a new LL with lh EXPECTED AT 61.8 POTENTIALLY 1340'S