XauUsd- Don’t sell into this rally!!!!!!! Since Monday I have written that Gold is ready for a reversal and we’ll probably have a test of 1930 zone resistance.After 3 attempts of a new low blocked by bulls just under 1890, …
XauUsd is flirting with 1900. My target remains 1930 though As I explained on Monday and yesterday, in my opinion, Gold will reverse and rise to test the 1930 resistance zone.My opinion remains the same and after yesterday’s price action …
NzdJpy could test 90 zone Since the beginning of July, NzdJpy is pretty choppy, with spikes up and down.However, the trend is still up, and with a very weak JPY we can expect a new leg up.Also, yesterday the price …
XauUsd could correct to the upside In my Friday comment, I said that XauUsd is contained in a descending channel and the first notable support is the confluence support from the 1850 zone.However, looking at a shorter time frame we …
UsdChf- Bullish in short term, bearish in medium term. What to do? UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support.After reaching a low at 0.8550. Here the pair found …
As the financial markets gear up for an eventful week, there is one precious metal that’s poised to take center stage: Gold. With the macroeconomic landscape painting a less-than-rosy picture for the US Dollar and several crucial factors on the …
AudUsd is trading in support After the double bottom in the important support area at 0.66, AudUsd has risen strongly and reached 0.69 resistance given by the previous high.At this moment the pair is rolling back down in a normal …
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GbpUsd- Bulls held their ground In my yesterday’s GbpUsd comment, I said that 1.24 is very important at this moment and a break of this level could lead to further losses, even to 1.2.The market took a short dive under …
EurUsd could drop to 1.05 On Friday’s EurUsd market commentary, I’ve written that the 1.0750-1.0760 zone is strong resistance for the pair and a break above could lead to gains towards 1.0850 and to a change of medium-term downtrend.The pair, …