We expect price to push back toward the 16500 zone
Despite corona issues and holidays around the corners which is expected to cause market volatility, Bears have failed to break the 15500 zone. We are expecting Bull to take over toward the 16440 zone. Sould this happen after the 25th, I am not expecting price to come back to the 15400 price one. Either way, protect you equity.
fundamentals are the biggest reason for the move to the downside witnessed Friday. We are waiting for confirmation before we enter and ride with it to the upside with 1st at 16192.00 and and 2nd at 16391.00 However, with the new Covid variant stressing the world at the moment and holidays approaching, protect your equity at all cost
fundamentals played a major role in bringing eurusd to current levels. wait for a retest at indicated levels befor we can ride with it to the upside
While we expect a short retest to the upside. we can still anticipate that price will push down to level 1.26990 on Technicals. however, the biggest moves we see today and yesterday was mostly influenced by fundamentals.
I am expecting the price to retest indicated zone for the day before it pulls back and goes short. long term trend analysis shows a reversal to go short.
Yesterday's move was as a result of negative fundamentals from the US as well as China's retaliation on it's US consulate We are expecting Nasdaq to hit the 10 300 zone before an upward move. however, should price go below the 10200 mark, do not buy. I repeat, do not buy.
Buyers are still in control for at least today. With the Ads game going on against facebook, of which most US tech companies are taking part, we expect change of behaviors from traders. we are looking to go SHORT on NAS100.
We are expecting a short retracement to the area 1.09400 before buyers take control.
GBPUSD is going straight to 1.23500. thereafter it will take a shortfall down 50 pips and shoot back up.
1. There two possibilities for EURUSD. Should price bounce back at the first resistance which is expected today (1.09500+), Then it will retest and go through and even beyond the 1.09999 level as shown by the black allows 2. However, if the price goes straight to the 1.09999 Resistance as shown by blue allows, We expect a straight fall back to the 1.07700 zone....
I advise you to stay away from selling Gold this and next week. it is so fragile and anything can happen.
mind the target. Successful traders know when to take profit. it is a Friday and the market is not your friend
I took this trade yesterday. and I am expecting it to fall further after beyond marked zone.
BEARS will remain in control for a while, but the ball is about to turn. we are looking at a long term buy
looking at the current movement, Gold is technically a Buy. However, we can see a reversal pattern forming which is already giving us a short sell. A retracement above 1600.60 is a clear buy. I expect every trader to be cautious with this pair as it is currently in no man's land. President Trump is expected to deliver a speech today and we expect him to talk...