We have seen a 2 touch rejection from the resistance at 32.7 and we anticipate that it will bounce again at this resistance level for the 3rd time. Then, a drop to 32 -31.8 before going up further to 33. www.tradingview.com
Breaking the support 31.460 means the bears are still in control and a bounced of MACD 4TF confirmed its event. We are looking to test this broken support and now a resistance before falling further to 31, if 31 is broken, 30.1 is the next support to watch over. Lastly, Trump delayed the tariff for Canada and mexico which makes dollar more appealing. Let’s sew the...
Will History repeat itself,? a pull back before the impulse is anticipated based on the previous weeks market behavior. We are expecting a short position from friday's last 1H candle going around 31.8-32. Then bounced back from there. Let's see how it play today. Happy trading. www.tradingview.com
Technical Analysis wise, we observed a sweep above 32.5 but bulls did not able to sustain the 32.5 above level which leads to a downward movement. We expect a continuation of price fall on the next session towards key level support of 30.9-31.0.
OANDA:XAGUSD we saw from the previous session the the new monthly high was reject and resistance level was made. There's a probability that xagusd will have a pullback before breaking the monthly high. We will see a short pullback in the coming days. www.tradingview.com
www.tradingview.com Formed a Head and Shoulder pattern. We expect that the price will go down for a short period of time. Plan your Entry and Exit. OANDA:XAGAUD