Gold could not break the Fibonacci 1.618 target again. It will retreat to the support area, which is the green zone.
gbpjpy is declining in its falling channel due to the reaction it received from the rising trend it had previously broken. A short trade can bring profit by using the top of this trend as a stop.
Silver broke its uptrend. With this break, I think Fibonacci will pull back to the 0.5 level.
gbpchf broke the wedge it made. If it rises to a minor trend, a short position at that level will provide a good profit opportunity up to the 1.295 level.
eurnzd broke the supports it has been using for a long time. I am opening a short position targeting 1.7900 using 1.8300 as a stop.
audchf completed its retest after the trend break. The 0.57600 region will be its next target.
I think EURNZD is still at a good price for buying, about to leave the demand zone. It may rise again to the 1.8500 area by the end of the week.
Looks like gbpnzd got a strong response from support. I'll leave you a nice trade setup.
audusd had broken its downtrend but I was waiting for it to break out of the support zone to enter a position. It has now broken out of this support zone and tested it. so I expect a bullish move.
CHFJPY is below the support zone and has formed a downtrend. If this trend breaks, its first target will be to rise to the resistance zone. If it cannot break the trend and gets a reaction from here, it will retreat to the support zone below. Therefore, it is useful to follow this trend line. Which scenario do you think will happen?
EURGBP broke its rising trend on its 4-hour chart. Its currently about to retest this breakout. I made a short with the breakout and will increase my lots after the retest.
nzdjpy broke the falling trend channel and now retreated to the main support area. A long position can be opened by using the bottom of this area as a stop.
gbpusd broke the wedge formation it made. I actually entered a position when it broke but I didn't share it. It's currently at the price level where I opened a long again. I think it's a good position if anyone wants to evaluate it.
eurusd had retreated after the downtrend breakout, unable to find enough strength. now it seems to have gathered its strength. i think it will retreat to its support at 1.0455, reprice from here and rise to its resistance at 1.0600. What do you think?
My thoughts on usdjpy are then extremely bearish. I think that breaking the upward trend and getting stuck at the resistance between 154-155 are signs of sharp declines.
Will gold make a new peak this week? Since gold is at prices it has never reached before, we need to determine the next targets with Fibonacci and according to Fib, the next target is 2,850.
chfjpy broke its downtrend. As a result of exceeding the 166.740 level, a nice long setup is formed.