selfishman

selfishman

GBPUSD is likely in the distribution period in the range 1.22 - 1.234. Therefore, it can move down again in the coming hours.

selfishman

USOIL went up yesterday and reached to the zone from 72 to 74, the area that this commodity penetrated to confirm the short term downtrend 2 weeks ago, therefore, this is the strong resistance for current recovery trend. In my opinion, USOIL can be corrected and move down to the zone 70-71.

selfishman

GBPUSD is in the process of creating head and shoulder pattern and selling pressure maybe occur in the beginning of this week. The target for the coming downtrend should be at the nearest support area around 1.2.

selfishman

USOIL has appear a bearish doji at the resistance area around 69.5, indicating that the short term downtrend is tend to be continued. Therefore, this commodity maybe move to the next support area around 67.

selfishman

USDCHF has gone down after FOMC and finished the bearflag pattern created before. In the wide picture, this pair is about to set the harmonic pattern. In my opinion, USDCHF can move up again and reach the threshold around 0.94.

selfishman

GBPUSD has promptly gone up above 1.23 area after FED rate hikes 25 basis point, signaling that the interest rate hike cycle is coming to an end. Therefore, the USD is weaker than GBP immediately. However, the selling pressure around 1.23 area has occured and pushed this currency pair to below this threshold. This rejection indicates that this pair can be...

selfishman

USOIL has created an uptrend parallel channel in this week. It has touched the upper trendline and is being slight corrected at the moment. On the other hand, the selling pressure above $70 maybe occur today. In my opinion, USOIL can move down to the area around $68, corresponding to the lower trendline.