OK Traders, In this analysis, I will try my best to convince you that OIL will definitely hit 20 before further declining(if it does), so we will make 150 PIPS. H4 Analysis: We got a Doji at the bottom which mean indecision of the market. Next we get bullish hanging-man, which closes above the closing price of Doji candle, shows the signs of bullish market....
There is no doubt that EURUSD is in bearish trend but it is clear that we shall see some pullbacks. If H1 does not closes below the support line and make inverse H&S then I will look for long entries. However, do not forget the more pullbacks we get the higher are the chances of winning o shorts trades. Overall target for eurusd in 2 month view is 1.02. finally...
Not sure about the fundamentals but just saw the trend line broken and retested, We may see sluggish behavior from Kiwi dollar which may start a bullish trend for 200-300 Pips, price action will be the key to enter the trade along with key resistance and support levels. I will look for price action and retesting of support lines to enter the trade. Good Luck.
For last two weeks, EURGBP is stuck to find the direction but I am expecting reversal in coming week. Pound Sterling will lose strength against dollar and Euro. I see EURGBP, 0.91 as the first target and 0.95 as the second target and we may even see parity if situation of corona virus becomes bad along with the pressure of BREXIT. However, we will surely see...
Looking at the structure and price actions on different time frames, I am expecting a pull back to 118.118.60. If EURJPY pull backs to 188.35 Then I will add my short position. We are very much in bearish trend, PS: This idea depends upon daily, H4 or weekly close at specific point. Some strong price actions may negate my idea and I will no longer add any short...
SELL LIMIT 1710 SL 1735 TP 1525
Fundamental supporting structure, I have added longs on EURGBP with my first target as 0.9200 & second target as 0.9700
We are in now in the correction move, usually all corrections are retraced 100%. We are seeing bullish candles but move is not very strong which is another indication of upcoming strong bearish move. My target is 2000USD.
If daily candle close above 0.6365 then next target is 0.6435-0.6460 If daily candle close below 0.6315 then next target is 0.6200-0.6175 Good luck for your trading.
AUDNZD right now at 1.04316. I daily closes above 1.0445 then I will add buy trade target 1.0500. If daily close below 1.0412 then I will add sell trade for the target 1.0350. Good luck for your trading.
Pound is about to crash in coming three weeks. Which will move EURGBP to 0.98 or even parity.
GOLD may ignited by another bull move with inverse head and shoulder formation. Target will be 1720
We are now in global shortage of $. Everyone needs $, which is increasing the demand of $. So always be long on $ with other currencies in this stage of deflation.
AUDUSD will also feel USD strength. Bounced last week - setting up for the next push down. Please note the consistency in this chartFolded hands I have I had <0.5 as target since 2018! Note! DEFLATION ends at the end of this move!!
US dollar will be the king coming coming weeks and months, so always be on the buying side of $
I see GOLD coming to crash for multiple reasons, share your thoughts