As we mention in the weekend, Aussie index is reversing, in the other hand, Canadian dollar index shows strength. AUDCAD price is in a down trend. We see a 62% retracement, this could be a good opportunity to go short.
FX:AUDUSD Hello traders. My eyes this week is on the Aussie's pairs, Why??? Okay, first Aussie dollar index is about to confirm a Head & Shoulders reversal pattern in the daily chart. And what caught my attention, is the beautiful floating Island at the top what tells us to be ready for a trend reversal. Traders, get ready for this move and stay tuned and make...
In the last two days, gold just make an important bearish move. But price is stuck in the previous Low support and candles seems bullish. We need to wait and watch what the price will tell us. Stay tuned...
As we said yesterday, EURUSD up-trend is over. Bearish trend started🔥. Remember, Sell the highs, Buy the dips 😉, and don't go against the trend😈.
Gold price reacted well to our analysis we published last week. Congratulations to those who took it .
Dollar index getting higher causing a drop in EURUSD price. EURUSD up-trend is decelerating and seems like it's over and price is in the distribution phase. Eyes are on the 1.176-- level, and a breakout here will means that we could see 1.1400.
AUDUSD is clearly reversing and creating a Head and Shoulders pattern. Waiting for a valid retest on the neckline to go short. TP: 0.7300
The 1735 resistance is clearly broken and retested. As we mentioned before, this level is very important and a breakout here means that we are going to 1750. Let's go Bulls. Target:1750
The price was ranging between two important levels. The 1735 level shows a strong resistance. Let's see how 1725-1727 area will deal with the price, before going down. 1701 is target if price break this area. Loading...
GOLD update: Price just tested the 1735 level, and we see a high sell pressure. However, we could see a breakout at this level and testing 1750. In my opinion the bearish is scenario has higher odds. Waiting a penetration to catch some pips.