Gold had a good start this morning( Singapore Time GMT+8). However, there’s a strong supply zone in the 15 mins chart. Therefore we are looking for further sell off at that area.
Wells Fargo bullish seems to be a one time affairs as theres significant signs of bearish rejection at the supply level near 88.6% of the Fibonacci retracement.
USDCHF may head for a short term bullish correction till the supply are before a grand sell-off
Rising wedge on the daily chart but the possibility of short selling at the highlighted supply zone look better!
Potential bullish expanding triangle is in the making. Demand level is between 28422 - 28341 zones. Expecting a rebound at this level. Target remain at 29000 for TP 1
Disney Bullish momentum is on its way with the flag in place
Bullish corrective flag pattern and whats more, there seems to be some bullish pressure at the bottom of the gap and there might be a strong breakup! may the bulls be with you
Both the demand Zone and supply zone are cleary marked out and with the long legged doji in action, there might be a potential eveining star formation. Also, the strong demand zone confluence with the 78.6% of the fibonacci level.
MSFT bulls run may be exhausted and we are expecting a hard landing once price breaks the lower end of the diamond pattern
Starbucks has a clear marked supply zone near the 61.8% of the high and Low retracement level. Get ready your Frappuccino and Oreo cheesecake for a show !
The Demand zone on 15 mins after a strong upside move may tick the USDJPY higher. We expect dollar to be strengthening against the yen
NVDA bullish sentiment is strong as the bullish engulfing rejected the highlighted confluence zone. Another point to note is that the confluence fib zones coincide with the pro buy gap.
Bullish Engulfing at the 50% retracement level may push the stock slightly higher.
In life there is always a but and although Ciena is a downtrending stock on the lower timeframe, the weekly larger timeframe suggest otherwise. First, the uptrend line is still intact and the demand zone level confluence with the 88.6% Fib retracement level of the immediate range. Therefore have patient and wait for the market to unfold itself =)
We view that the Prosepct for Gold is strong bull but correction is a must for a greater rally ahead. 1.) Bearish correction view is due to the Head and shoulder formation. 2.) Demand level confluence with the 61.8% of the Fibonacci level. 3.) Bullish flag is ongoing.
Key rejection is on point. Highlighted in chart
EURUSD bullish run is kinda short lived and based on the technicals, double top formation at 1.272% of the fibo extension level and bearish engulfing makes the bear stronger than it seems. Risk to reward ration looks favorable as well
Continued downward pressure towards 27700 regions. Look out for more in the chart