TheActveTrader

TheActveTrader

After an impulsive move higher in the last few weeks the EURUSD looks to be in the midst of a pullback. The 1.1230-50 level looks to be strong support as this was the breakout point as well as the 61.8% Fibonacci retracement of the lows near the 200dma to highs which come in at the 1.1249 level as well and 38.2% retracement from the most recent low. If this level...

TheActveTrader

The USDJPY about to fill the 105.30 gap and is coming close to the broken 2016 lower trend line near 105.50. Longs should be careful now we are around key resistance level

TheActveTrader

After bouncing from key support at 1.0800, EURUSD is now testing some key resistance area at 1.0970 level. I think a break above this level will open for more upside and a possible re-test of 2018 trend line resistance.

TheActveTrader

Weekly Price Action created a bullish flag pattern targeting $1700 level which is also 161.8% Fibonacci Extension.

TheActveTrader

Price created an Inverted Head and Shoulder that could possibly target $1700 area. Price currently testing the 61.8% Fibonacci Retracement from 2011 High ( All-Time High) to 2015 Low. If price trade and close above 61.8% that would lead us to 78.6% Retracement which is also $1700 area.

TheActveTrader

Can 1450 hold for this precious metal? I guess if the price manages to hold 1450 and trade above 1480 there might be a big chance that we see gold testing the 1555 again

TheActveTrader

Is it time for stocks to reverse?

TheActveTrader

TRADE AT YOUR OWN RISK

TheActveTrader

CADJPY.