prices are bouncing in the sideways of 1.9c -2.8c indicators and price actions show positive.
During Asian and euro sessions on Monday, gold price has successfully rejected by resistance of 1714/1715 and then steeped under 1700 As plotted in daily chart, there is a potential uptrend support at around 1660s to support the upward trend from 1267 $/ounce in year of 2019, along with the strong support at 1450 Therefore, i see that it would be very...
Price is apparently in sideways of 0.4 - 2.0c and is now at resistance zone of 1.2-1.4c Once price over 1.4c, 2.0c is on its way home Over 2c, then targeting 2.7-3c
See how 1.0c holds: if price went down below 1.0c, then next is 0.6c; if price stayed above 1.0c, then 2.0c is very likely to be tested . Strong resistance (near term) = 2.0c Next step will be : the company is considering extending airborne magnetic survey further to both the south and the west of the area surveyed and now working on a drilling program and...
Price recently broke through Resistance of long bearish trend, as plotted, which is 1.1c-1.3c retracing to test 1.1-1.3c, if support shows valid, then uptrend is going to begin.
This pair is in a weekly downtrend from 0.976 in 2013 to recent 0.7185. As price had tested 0.7185, touching the descending trend line and successfully retraced a little, signals that AUDUSD is still quite strong and might seek to test 0.718 again. Keeping an eye on how this pair act near 0.718-0.72. As for fundamental side, Fed Interest Rate Decision and...
let's have a look at the weekly chart, there is a potential ascending trend, of which the support sits at 0.926 , which is also horizontal support here. Next important support = 0.918. Price held in support zone of 0.918 - 0.926, shows the likelihood of back to sideways of 0.918 - 1.025 and validation of weekly uptrend Try to set up long positions from...
The pair broke resistance of descending trend from 109.40, and travelled straight above EMA100 in H4 chart. Waiting for confirmation of resistance turning to be support, buy at 106.80-106.90.
with the strong economic numbers of AU released in last week, AUD performed really strong, but was rejected by 70 level and then turning head down. Intraday, expect this pair found support at 68. open long position at 68.0-68.1, 30pips of SL. mid term target = 70-70.3
Let's look into a big picture. There is an ascending trend from 89 in 2000; weekly support -->114.40 , which was successfully tested as a solid support yesterday Short term, it's probably back into the downward channel as plotted, key resistance --> 117 level I'd buy low above 114.40.
Waiting for today's Interest Rate Decision from RBA AUDUSD will choose a direction very soon. I'd love to see this pair going up. No trades atm.
AUDCHF is now hovering around the resistance of the descending trend, 0.63 expecting a retracement from 0.63 to 0.62 , lower trail of the current triangle.
resistance zone -->> 1.249-1.252 MACD shows buy side is weakening, about to travel below base line.