Possible turn around at this number as we wait and see at the moment the bears are in control.
XAUUSD is in the current channel and is possibly going thru a short term correction to the lower trend line of the channel.
fail to hit 52.50 for a new trend to begin as the chart shows a return back to 49.99 area. With RSI showing a good bear drop before it will make a new trend below 50 again.
NZD is gaining against the other currency pairs. Eurnzd has been consolidating in the area, and its about ready to break out. Daily RSI is now printing lower highs. A break of the 1.52200 level and we can expect the 1.45 area
Nzd is gaining strength against the other currencies. a break of the trend line will signal a sell of to the 1.74 area. Shooting star giving us a good entry.
We have finally reached the golden zone for a buy. I mentioned reaching this area in my previous post. As the week went by we saw the Dollar Index decline and this pair was doing the exact opposite of what it was supposed to do. The bulls allowed the bears to slowly bring price down to the .69300 area. That is the perfect place for a long term buy. for now i...
Bear are still very much in control. We are currently headed for the .70 area. Most likely this is a short term buy to the .70 area. The remainder of the week will be a short for this pair up till about the .68950 area. Once we get there we will look for a chance to buy.
Gold has completed a harmonic pattern. We can expect Gold to drop to around the 1220 area. -Comments?
Possible head and shoulders on the 2 hour leading into 4 hour?
I will be shorting this pair as it is checking off a lot of reasons to support the case for a low risk trade.
Hello TV members, Technicals, NFP and CAD data is supporting a sell on this pair to the indicated levels in mark up. Have A Great Weekend!
Today it broke the 51.20 support to move forward with the continuation of the bull run. As it tested the low of 49.88 and bounce of resistant for bear to bull setup.
Shorting this pair per the mark up. Multiple reason to support the trade.
2 possible entries, 1 at 1.06514 or after price breaks back into the channel.