Tradepipsforex

Tradepipsforex

If this new week gold able to bounce to 1550 level and facing a valid resistance at this area, we will see big short coming soon! Last weekly candle was closed above 1490 area, the support line is not truly broken but the bears aren’t cleared yet. A temporary bounce shall occur.

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Fundamentally I have seen no bright future for Euro. However a potential double bottoms might formed at lower time frames. We need to see how price reacts with 1.08 area. My bias on EU still bearish.

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From my TA, UJ actually shows bearish divergence signs and it built small double tops on lower time frame, several signs of slowing down bulls. However, price closed above 109.3 means bulls aren’t done yet. Strong bullish candles above this level will drive UJ to 112.3 and maybe final target is 115. Price below 109.3 will bring it down to 107 and 105.

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Last gold prediction is 99.99% accurate as I predict it would complete the harmonic pattern. At this time, My TA suggests gold have significant key level at 1553 and 1517. Price below 1517 will further drop to 1480, 1450 and 1400. Price above 1553 will rally again to 1585, 1600 and 1650. Monthly candles are interesting, March candle is very essential to determine...

Tradepipsforex

Silver broke the main support and very likely pullback before fall for more

Tradepipsforex

Gold is likely to make deep correction even though it has created new high, but it immediately pullback after reach new high, new support would be 1620 and 1580.

Tradepipsforex

GbpUsd bulls after touching the floor of dropping wedge, it’s more likely to reverse its bearish bias, however yesterday it reversed from top again drop back to the wedge, I would make it a retest attempt, likely the bulls aren’t end yet.

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UsdJpy is at its strong pullback, best to short when touches the regression channel support

Tradepipsforex

Resistance is at 1.298, might not surprising there’s a lot sellers gathering there.

Tradepipsforex

GbpJpy broke the pervious consolidation area (138-142) prior to big shoot upwards. Further down might happens after retest the resistance area 138.

Tradepipsforex

Short term short might test to 1580 and 1550 level

Tradepipsforex

I am expecting it would bounce up from last Friday closed price until 1610-1620 area and see it’s bullish trend shall continue or not; it’s strength to rally is determined at this level and if it fails to rise through it, very likely gold gonna pressured down to 1550 again.

Tradepipsforex

After it had touched the strong weekly support trend line, I am expecting it for a bounce to 50 and see will it breakthrough it or later drop again.

Tradepipsforex

In a whole downtrend channel, it broke 1.086 and upwards to 1.1, very likely to retest 1.1 to confirm its a new support, upbounce from this level will continue target to 1.12

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Bitcoin retests 9600 support and likely would stand it as solid support. Rising breakout after dropping wedge is just similar scenario as gold daily. Bitcoin bulls in control as long as 9600 does not break. Likely bulls target for 15k or until 20k usd per btc.

Tradepipsforex

Price action key level of 1.086 is important to determine that will EU will further fall to 1.073 or ready to bounce back to 1.11

Tradepipsforex

Trendline support is broken and retested, good to short from high. Lower highs are obvious and encouraging further sell. Short with target 1.27

Tradepipsforex

Gold penetrated 1600 and closed as 1640+ on 21th February, referred to monthly chart, the new support is 1620-1630 level. It’s very likely to continue bullish until 1660 then 1690 before end of March.