It’s a clear bear set up that the USDMXN is heading to support level of (18.500).
As seen on the DAILY TF the price has broken the 20MA AND 50MA and has set the tone for a downward trend to lows of $18.
In My Opinion I am DEFINITELY going SHORT on this one. Since the price had broken an area of volume forming a medium term downtrend.
Let’s pull back the curtains and take a LONG look at the AUDCAD from a { 1D }timeframe perspective.
1) AUDCAD has finally broken the 50MA which means that it’s in a medium term uptrend that has the potential to hit highs of 0.96000.
2) Just to be cleared the AUDCAD have broken 2 major areas of resistance shown by the *squares* on the diagram. Making it the 1st...
Let’s not get BEAR TRAP. We can’t declare a double top formation until the 2nd TOP meets the neckline. Then we have a breakout. If thats not confirm then IT'S A TRAP. BEWARE BEARS.
THERE IS NO DOUBLE TOP - BEWARE
Let’s view it from a bigger perspective. As we are in a time of high volatility. Where economies are stumbling. Without doubts we can say that Gold is surely in a bull trend and the only safe haven in the eyes of investors.
Let’s not get BEAR TRAP. We can’t declare a double top formation until the 2nd TOP meets the neckline. Then we have a breakout. If thats...
We have seen recent bears moves in the market, due to the speculations. And US States being persistent to open as US edge to (1M) of COVID-19 cases and a leading COVID19 Death toll (54K+) But despite those moves, just to let my bulls know that we are still conquerors. We are still in a GOLD RUSH. LETS HODL!! the SAFE HAVEN Precious metal.
Stay at course bulls we are about to rocket off. We can officially say that GOLD is a safe haven and with being said we can expect prices for the GOLD to go above and beyond. The recent bearish moves in market have been due to the sentiments of a COVID-19 vaccines being found in the medicine Remdesivir - that is now said , the drug doesn't have any effect on ...
