Akfx369

Akfx369

GBPUSD completed with a low price around 1.21, Last week down may be created as a result of Head and shoulder pattern , and it reached the end with this closed price, Even GBPUSD looks to be bearish ,,1.21 remains as the strong support area.price may bounce back to 1.22200 area and looks to make downward movement as per technical analysis..

Akfx369

XAUUSD pair last week finished with higher price of 1747 from 1692 , Gold demand has been increasing because of pandemic from March onwards and it still continues, last week momentum clearly shows the pair's urgency to cross 1800 mark and its is in the sight. But this week it may stops by the strong resistance area @ 1750 and it may keeps the gold down for some...

Akfx369

This week its seems to be bullish till Thursday Friday it will show downturn Expected , It may go high till 0.67500

Akfx369

IT WILL BE BEARISH MOVEMENT IN THIS WEEK

Akfx369

Bullish momentum

Akfx369

Euro against dollar pair traded within the price limits for the last one month or so, and clearly visible this week the pair will look forward to go high with the last week closing candle little off the floor, also a triple bottom pattern formed .. from the price action analysis view , bulls have the upper hand this week. when it goes high, it may finish with...

Akfx369

This pair, last 2 weeks its been moving inside the box , after May started its expected to go up but in contrast, gold against dollar pair is moving sideways.. after the strong bullish move from 1483 on March mid to 1747 on April Mid. and it clearly get itself into a accumulation zone. I am not surprised if this moves in the similar way for the coming few weeks...Thanks

Akfx369

Price @ 1654 is the area of Confluence may be the reversal point.. let the day will answer.. if it reverse at the point of 1654.. sure it will go up at the end day of the week..

Akfx369

Eurjpy pairs may see the other down week.

Akfx369

Gold against dollar recovered from the lows month of April. The Journey towards 1800 is on . and the chances looks bright in this month of May. In the monthly chart ,it breaks the long term resistance of 1675 and spikes up.. but this week it expected to do small retest on 1657 and go higher..

Akfx369

The British pound vs Dollar , has seen the worst dip in the march during virus outbreak .. and this pair slowly consolidating during the month of April slightly up. at the start of May, some positive news may push this pair to higher price. PM quoted that the country past the peak and extending the lockdown period will help the economy to play safe.. Initial part...

Akfx369

Euro against Dollar seems to take off by the bulls in the first week of May , Last month of April the price was almost moved in sideways and its top and bottom not exceed or decreased .. month high were 1.09 and month bottom were 1.076.. New month expects the pair breaks out of this area and may touches the old resistance stays over the years at 1.14

Akfx369

Xauusd is shows strength with the Last kiss off the box..May this flag pattern will make this pair touches 1770 mark.. tries to end the month with higher price..

Akfx369

Will the ascending triangle deliver the surprise ?

Akfx369

US Dollar against Japan yen reaches the end of downtrend , it may hit the support zone and do the reverse movement upwards this week. Hope USD will be strong to push the pair higher..

Akfx369

Pound against Dollar analysis has a strong resistance 1.24, and it will looks to land in the support of 1.21 area , bears will mostly dominate this week possibly, this pair tries to form a Head and shoulder pattern this week..

Akfx369

This long term angled price zone act as support or resistance since Decmber 2020 and this time it may act as resistance expected to push the price higher to a price of 1825, at any cost if it breaks the resistance area price may see 1660.

Akfx369

Its been a long bullish run for Gold against Dollar, set up clearly signals for bears to take control for this pair. Right from 1715 its ready to go down till 1660 as of now, Today USD news like Unemployment claims , Flash services PMI will reflects on this pair..