technically we see or anticipate that Australian dollar is weakening hence we sell
using technical analysis the price shows that it will rise until the 61.8 level of the fib
technical analysis for this indice confirms that the price will rise. and as the set up is displayed our 1st and 2nd take profits are identified.
IN 30 minutes timeframe the pair will buy and sell at a respective price. two entries have been marked down. But for now buy.
gold has made a proper double top on four hourly timeframes. it has been falling. due to technical trading analysis, we can definitely highlight on the key zones that the price will retrace at with the use of fibo trading tool. (61.8%). we even wait furthermore to look at as it will be falling even more during NFP.
Looking trading cheat codes that are associated with all the Australian dollar pair, and the use of fibo tool we are focused on 61.8% level of retracement hence we are looking forward for that price to drop first then buy.
Technically looking the price of this pair, we can that using the elementary trading skills of break-out and retest. the price has retested two major trendlines. I may have not shown them on the charts but on four hourly charts they are visible. now we are looking forward for the price to fall in order for it regain momentum to be able to push to the upside as...
Looking at technical supports. there was a retest of an order block in the four-hour timeframe. that called out a very clear entry opportunity to capitalize on the sell. and with the use of fibo tool we managed to highlight two targets being a key level at 50% and also 61.8% level of the tool by joining the previous low and previous high.
Based on technical analysis we can see that the price has fell to gain some momentum from the support zone. we are looking forward for the price to rise at least 10% in the next month as dollar weakens.
More focused on technical analysis. but just include a few fundamentals since the United States of America has been facing crisis with a lot of banks closing up. this made their economy to loosen strength. hence, we are taking an advantage on the structure to capitalize on sell on this pair as its a dollar base pair.
looking at the structure the price has made a proper re-bounce on a major RS zone. the most important idea you need to capitalize on is that all dollar base pairs will strongly buy and correlation all dollar quote pairs will sell hard.
USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70. We see a very clear price has reached...
Lookin at the structure my Scenario is that price is still strong to sell until those supporting zones which momentum will be no longer be strong. Then price will reject heavily Giving it a push to the upside then.