The recent developments in the US Federal Reserve and the Bank of Japan have put USD/JPY in the spotlight. While the pair is extending its gains, aiming to surpass the November 2022 high, there are factors to consider that suggest …
Gold- Bigger picture for a 500 pips trade for OANDA:XAUUSD I’m a swing trader and, in the case of XauUsd trading, I usually look for 3-400 pips, or even more, as targets.At this moment, for such a trade, things are …
Platinum- New test of 1k zone? Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).The start of September found the price at the bottom of …
Gold- Will Fed be the trigger for a new leg up? Yesterday was a very quiet day for Gold, with the price fluctuating in a tight range.With FED expected to make no move on rates, the more important is the …
Gold under a cluster of resistances In yesterday’s post, I said that my bias for Gold is still bullish, however, confirmation is needed to consider a higher low in place.Yesterday, after a double touch of 1930 short-term resistance, XauUsd consolidated …
EurJpy could lose support Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.In August, the pair consolidated, and this consolidation could very well be distribution.Now the pair is …
EurUsd- I’m looking to sell rallies Since mid-July, EurUsd has entered a downtrend. The confirmation for this came with a break under the one-year-long up trend line in mid-August. After the confirmation of resistance at 1.0930 at the beginning of …
EurNzd could reach 1.9 by year’s end EurNzd is a very volatile pair and for sure is very risky to trade it in the short term, however, if you take a look at the longer picture and ignore 100+ pips …
UsdCad- Break above resistance next? After the low from mid-July, UsdCad has started to reverse and after the small correction from last week, last Friday was also marked by an immense Bullish Engulfing from short-term support which led the pair …
Gold (XauUsd) could rise to 1980 As you may already know from my previous posts, I’m bullish Gold in the medium term. The basis for this outlook can be observed on the weekly chart. XAU/USD experienced a false downward break …