A very important resistance for #EurUsd Two days ago I’ve written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance.The pair took a dive under 1.07 at first, …
GbpUsd could rise 200 pips After reaching my target at the 1.27 zone, GbpUsd started to drop and found support at the horizontal 1.2350 level.The drop is not impulsive and, in my opinion, is just a correction to the overall …
AudUsd- Traders could play the range For more than 2 months now, AudUsd is stuck in a range between 0.66 and 0.68.Yesterday the pair reached the lower boundary of the range at 0.6603 and has started to reverse.Traders could try …
NzdCad- Large flag could lead to 1k pips gain After it found the bottom at 0.76 back in October ’22, NzdCad has started to rise and with the 0.83 break it also confirmed the reversal to an up trend.The high …
I’m bearish EurUsd and also in my yesterday’s comment I draw attention to the high probability of a drop under parity.Indeed, we had this drop and now the pair is hovering around 0.99.Of course, a rebound is possible and probable …
In the past two weeks, I’ve argued that Gold could drop to the 1740 support zone and, indeed, after breaking under the rising wedge’s support and the failure to stay above 1800, XauUsd slid to my highlighted zone. So, now …
In my yesterday’s comment I said that Gold could rise above 1800 and, indeed, the price spiked up. However, bulls were unable to keep the price elevated and the market closed with the price under this important figure.From a technical …
After a drop on Friday after the NFP announcement, yesterday, Gold has recovered losses and managed to finish the day close to the top of the range.Since the recent 1680 low XauUsd is putting in higher lows on our chart …
Gold remains in a very important juncture zone Since March touch of the ATH above 2000. Gold has entered a downtrend and has dropped 3500 pips from that top to 1680 important support.A recovery followed from this point and now …
Gold is stuck in range Since the beginning of the month(2 weeks now), Gols is stuck in a range between 1770 and 1790 (with some marginal spikes).Is unlikely for Gold to stay so much in a 1% range and I …