USDJPY has been a in bearish market just like audjpy and just as such it also has had a recent bull rally that provided confluence to breakout the possible falling wedge resistant zone and also have candle closes outside however it could also be false due to the lower trend zone caused by the sudden drop in price which created a trend zone inside wedge where it...
Looking at golds history it’s not common that in such strong bull rallies the bears are able to take over without first having a statement made. Like a brief push to 2000 for example. As per the year by year growth we’ve seen is this to continue or is this precious metals fumes slowly exhausting ?
Following last weeks RBA news and the market confluences we saw #audjpy break out the bearish trend its been in since September 2022 with a short bull rally in October 2022 then retesting the 95.00 area before eventually dropping back down into the 92.00 area we are currently sitting near. Since breaking out the zone we have now had 3 daily candles attempt to...
AUDJPY - Update 2: Trend Breakout Confirmation Following the breakout of the strong daily trend we had 2 candle close confirmations with the Royal Bank of Australia news releases which helped to add to the confluence in the bull rally. With the next S+R level around the 96.00 area It will be likely their is a strong bull rally to close the week. Whats your thoughts ?
AUDJPY LONG: Update 1 Post News Release Stoch/Rsi hit respective 50% level Retested and has risen again indicating a strong trend reversal as previously seen in history this pattern happens before a strong bull trend. Ive entered a little early and should have waited for todays candle confirmation to confirm the breakout of the downtrend but will be...
AUDJPY - Potential Buy ? Breakout of Bear Trend ? Discuss in the comments! National AU Bank Business Confidence News Release - 00:30 - 24/01 High Impact - Likely to cause a short volatile breakout so be careful Waiting to see the trend breakout was false and we continue the walk with the bears or whether it retests off the trend line acting as support and a...
GBPUSD - 50 & 200 MA Cross into Uptrend High Impact News Releases Upcoming for GBP: Unemployment Rate - Tuesday, 14th December, 07:00 The unemployment rate in the UK is described as the number of people actively seeking work as a percentage of the population, all of whom are considered to be labor force participants. The previous release was 4.3 and the...
AUDJPY Head & Shoulders - Daily Timeframe AUD High Impact News Releases: HIA New Home Sales - Tuesday, December 14th 00:00 New home sales in Australia are based on poll results derived from state-wide estimates applying weights based on financial year market shares of private residence commencements. The previous release was 11.1 and the consensus for the...
If history & patterns prevail then we could see gold drop to 1500 by the end of 2021, which would be quite the spectacle considering since early 2018 gold has had year by year growth from the 1300s (2018), 1500s (2019), 2000s (2020) but 2021 seems to be breaking this pattern with an average of 1800 but we are currently sitting on 1760 a long way from creating a...
After a consolidating few weeks from 1870 to 1920 Gold has plummeted today after the Federal Reserve Pump, ADP Employment Change, and Initial Jobless Claims for the US. However, after hitting support around 1865-1870 it looks to be a key zone of support that could reverse price action to the upside of 1900. After breaking out of the weekly trend zone which was...
This is a daily timeframe analysis and is my long-term prediction for GOLD. Currently sitting at a key zone to determine price movement direction after breaking out of my trend zone on the daily time frame instead of hitting the top acting as resistance and pulling back down. After the breakout, we've had a little consolidation period over the last day or two...
The next day or so is crucial to see how the daily close is and if we come back into the zone or whether it closes outside the zones and begins to create a new one. Patience is key but my analysis for this update is self-explanatory. Do you think we could see 1950-2000 towards the back end of summer into august? Let me know your thoughts below..
Gold is at a key area of resistance which could predict the next big movement for the prestigious growth asset, Patience is key over the next few days/weeks whilst price action develops. Currently, we are at an ideal place for a SHORT down to the support zone around 1770 with a multitude of confluences and indicators leading to provide evidential analysis for a...
What's your thoughts let me know below ?
What do you think about G.o.l.d ?
Currently hitting a key resistance point that has held multiple times since December i am looking for price action to confirm below the zone and even the small trend line to show clear breakage of the wedge. So far that key resistance level seems to be holding to validate the short but with the wedge a bullish push could see it creating new higher highs.