The slamdunk on USD is showing signs of reversing, maybe temporary respite
Blue = exit levels Amber = entry level Red = stop level
blue = exit areas green = entry area red line = stop level
blue = exit levels red = stop level green = entry levels
Based on harmonic pattern Blue = exit levels Amber = entry level Red = stop level
Possibility in CAD interest rate hike next week. AUD is also going down in tandem with GOLD. Entry: 0.9816 - 0.9825 Exit: 1) 0.9984 2) 0.9574
Going to extend the current short trend. Start layering the sell orders! Entry: 1) possible retrace to 1.2922 2) or retrace to 1.2899 3) straight nosedive - 1.2863 Exit: 1) 1.2745 2) 1.2589
GBPUSD Trade plan for July17 Expect a small retracement for today and early next week before it goes north on 2nd week July. - PM May's new cabinet is in place and looks good to hunker down on the Brexit business - Economic indicators look good generally, even more so after the election as the political situation is more or less stabilized - Watch out for...
Expects gold to retest the 1236 - 1238 support area again. Careful with all the noise about Fed interest rate adjust. And Trump has been relatively quiet lately :))
This is based targeted retracements and projections Sell area: 1.1206 - 1.1215 TP area: 1.1112 SL: 1.1240
Expect gold to drop and approach trendline for next week Long term trend is buy. Watch out for rising wedge trend forming in bigger TF. SL: 1260 Entry: 1255-1257 Exit/TP: 1240 TAYOR
A symmetrical wedge CS pattern is observed. Opt to go long ahead of UK election and before next FOMC. Entry point: 1.288 Exit point: 1.304 Stop loss: 1.285 Watch level 1.285 if price breaks downwards. If price breaks downwards, it may look for 1.278
Euro is expected to do better against USD, after the French election jitters are over. USD on the other hand is expected to go lower as the election promise economic policy changes hit bumps and rejections. Another round of Fed's interest rate increase in June may not happen, depending on NFP data coming out this Friday. Pair: EUR/USD Buy or sell: Buy Entry...