The gold is forming a rising wedge pattern, It is possible to break the bottom line of the wedge and fall to 1650 level. if you plan to trade long, it is better to enter at the 1650 level. If support is obtained above this level, gold can up to 1680 level.
USDJPY is get to support at the 145 level, this time price checked again get support at 145 level. If the minor resistance line can be break , usdjpy can continue grow and reach 147 level.
USDCAD ended yesterday with a strong rejection after checking the level of 1.37460. Currently, opening a short trade is high risk because trading is at the support level. We need to wait make a lower high again, you should enter short trade / wait for bearish action price/. If USDCAD can make a new lower low, it's expected to down.
If EURUSD can break through the 0.98720 level and hold, it's start to again new bullish rally. My guess is that eurusd will continue to rise and test the major level.
Hello traders 👋 Gold tested the 1622 level, it showed a strong rally, but this bullish rally seems to be weak. If gold shows growth and trades in the resistance zone, you should open a short trade. The gold failed to break 3 times through the resistance zone.
Short rules are simple: don't force trade against terend, with a clear HL-LL structure. Then, at the red level, is sell zone. momentum is looking price fail to make a higher high, then go to entry short. traders need to enter short at that level, as a red engulfing reversal candle appears at that point. verify a lower timeframe for the best analysis and wait...
EURUSD broke the 0.98320 resistance level, now eurusd currently trading above strong resistance line. As I see it, buying pressure is weak, maybe EURUSD can fall above this level. If EURUSD can't get support at 0.98320, continue to 0.95 level.
Gold broke the major 1688 level and continues to grow and is in a bullish form. XAUUSD has formed an up trend line on the small time frame, so don't try to short trade. If the price of gold rises around 1652-1660, you should enter short trading.
EURUSD cannot break the 0.98329 resistance level. Also, EURUSD get support on the short-term up trendline. it is better to wait, because the EURUSD may turn anywhere. When EURUSD break the 0.98329 resistance level, expected that the growth will continue to 1.0000 .
that gold cannot break the angular resistance line and is forming a bearish candlesticks. If the gold breaks below the 1,660 level it is currently trading in, the expected to continue down. 1645 is the area to watch out for when entering a short trade.
EURAUD broke the strong bearish trend line. The EURUAD is currently looking bearish from the strongly resistance 1.52820. So, if the EURAUD get support at the level of 1.50800 ~ 1.50564 , it is expected that the growth will continue.
EURJPY get support at the 138.500 level. EURJPY is trading in a very important zone, Will the EURJPY fall below this level or Will EYRJPY continue to rise ?
USDJPY seems to have formed a rectangle pattern. Such patterns are very difficult to break, so be careful when trading. It can be successfully traded by buying at support and selling at resistance or by waiting for a breakout.
USOIL get support at 77 level and up, USOIL has a bullish form. But oil can't breakout resistance level, looking trading consolidation zone. We need to wait because above this level, the price may get rejection and down or breakout and up
Gold has broken the resistance level of 1655 and has a bullish form, and the growth can continue up to the level of 1688. If the gold gets rejection at 1688 level and shows bearish form, it will be a short trade, so wait if you enter short trade.
It is currently trading at a very important level, so you might want to wait because 1.33900, which was previously a strong support, will now become a strong resistance + trend resistance line. If today's candle can be broken resistance level and closed , maybe long trading plan can be made.
On September 26, GBPUSD drop to making new lower low of 1.03, From what I can see, GBPUSD has formed an ascending triangle pattern and is currently breaking resistance and looks to continue to up. At the moment, it is risky to enter open long trade, It remains to be seen whether GBPUSD will get support at the support line. If it's shows support of course go long entry.
EURUSD continues to fall due to DXY increase. EURUSD is supported by a strong support line and seems to bullish form. Several times in the past, this trend has shown support and up. If EURUSD can hold in the area of 0.96300~0.96000, it is expected that the up will continue. Don't forget TREND IS BEARISH.