Gold is hanging around its support formed since the beginning of 2015. Blue dotted line represent resistance and red dotted line represent support. A move above 1288 indicate another uptrend to 1300, while a move below 1271 means gold entering a short term bearish
Gold will try to break its resistance next week. Critical point will be at 1286-1320. If gold could breaking out from that point, an uptrend is on sight.
With NFP release, USDJPY might testing 120 level. NFP guess on 245k
GBPUSD just break 1.7 resistance, which the highest point since October 2008, just before the financial crisis. To be noted that GBPUSD was always above 1.7 since November 2003 until October 2008, even reached 2.0. So what's next?
After breaking the support that appeared to be a fake one last week. EURUSD seemingly really broke its support this time. The next support point is the "leg" of "fake breakout" last week around 1.35
Yesterday breakout after ECB announcement seems to be a fake breakout. The daily candle creating a long "foot". Learn from the history, if there is a long "foot" like this, it's the sign of reversal. The price now is below EMA 21. I guess, it's wait and see time now.
Yesterday breakout after ECB announcement seems to be a fake breakout. The daily candle creating a long "foot". Learn from the history, if there is a long "foot" like this, it's the sign of reversal. The price now is above MA 200 but below EMA 21. I guess, it's wait and see time now.
Just breaking a strong resistance at 0.8985, heading to 0.9050?
Breaking strong support at 1.358, next stop 1.35?
Critical support point 1.3590 Next support 1.3480 Resistance point 1.3650 Looking for short position
Today, the fourth time UCHF testing the resistance between 0.8980-0.8990 If the resistance is broken, the next resistance point is 0.9030 Otherwise, the support point is between 0.8945-0.8930 Looking for taking long position
On TF 4H. EMA 12 crossing down EMA 26, while both of them below MA 200 for confirming on a bearish trend. Cut loss level on 101.85, entry point on 101.69.