jefferson_the_chartist

jefferson_the_chartist

XAU/USD is currently on a strong bearish trend which has lasted since April this year, a strong break above 1686.88 may signal a bullish correction.

jefferson_the_chartist

The dollar index is currently in a distribution phase and I'm currently waiting for a break below level 112.913 which happens to be the most recent support, a strong break below that level will lead to a bearish market till at least point 110.520

jefferson_the_chartist

We are currently seeing gold on a major weekly support, I'm keeping an eye on the major key levels for price reaction to determine price direction.

jefferson_the_chartist

USD/CAD has been in an upward trend since the 24th of May, We can see a bread out of the ascending channel on the weekly, we are most likely to see a continuous rally to point X(1.36426). A strong break below level Y(1.30000) will indicate a fall in price to at least 1.26000

jefferson_the_chartist

XAU/USD has been on a strong downtrend since the 12th August(38 days now) and a break above 1680.000 would indicate an upward reversal

jefferson_the_chartist

USD/CAD has been bullish for the past 8 days and we are currently seeing weakness in price. Waiting for a break above or below level X or Y to determine future price direction.

jefferson_the_chartist

Currently waiting for either a break below range or a rally to supply zone X before a downward correction.

jefferson_the_chartist

TAKING A SHORT TERM SELL ON USD/CAD there's news at 12;30 PM so it's best to remain conservative.

jefferson_the_chartist

Dxy is currently in an uptrend and we are likely to see a corrective wave before either and upward continuation or a change in trend

jefferson_the_chartist

I'm currently holding a neutral view of USD/CAD till the market gives a clear directional confirmation. What are your thoughts?

jefferson_the_chartist

Currently waiting for the close of the next Dxy candle close to determine future price direction

jefferson_the_chartist

I'm currently waiting for a break out of range to find signs of a bullish market considering current overbought situation on the dollar. A break above level X will indicate a comfortable upward continuation. For now we wait for a break outside the range to see what the market tells us

jefferson_the_chartist

USD/CAD is currently in an uptrend from the daily and we are likely to see the market continue to previous resistance to accumulate for short positions

jefferson_the_chartist

XAU/USD is currently in a downtrend from the daily perspective, we may see it complete the downward trend at either 1692.78 or 1680.00. We could also see it break above 1709 for an upward continuation. I'm currently waiting for a break above or below the marked levels X and Y For any further directional certainty.

jefferson_the_chartist

Support created on the 26th August has been retested with strong bullish momentum, going in with a good reward to risk conservatively.

jefferson_the_chartist

Looking to buy Close to demand, hopefully we can see a recovery in the USD/CAD this week

jefferson_the_chartist

The dollar index rallied to 110.59 which happens to be an unachieved high, considering the M pattern we currently see with signs of weakness, we are likely to sell till at least target 109.086

jefferson_the_chartist

USDCAD has created a resistance around the 1.3200 region since it was unable to break that level on the first of September. Considering current price weakness below the level, we are likely to see price fall to 1.29627 which happens to be the last support for the most recent rally.