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 …
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 …
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, …
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, …
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 …
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 …
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 …
Silver- Drop to 19 (a 3000 pips drop)? Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone.At the beginning of November, we have a false break above resistance …