Yesterday, gold prices retraced back to 1740 region. Now, as we said earlier that anyone who took a short according to previous analysis then it's a good time to take profit here. As gold is a highly bullish pair for now. We might have to see the market reaction at these two points that if it hovers over this 1730-1740 area for some time and our strategy...
Okay so, on Friday we have seen day closing at 1741 with 1751 high. We can see that resistance is provided at 1750 level and is expected too as this region holds multiyear resistance. So, we have taken a short here as we said in our last analysis on gold. But, on the other hand we need to keep in mind that gold is highly bullish and a little overstretched towards...
Okay, so gold has been confined in the triangle for almost 1 month. It constantly made lower highs and higher lows!!! And 1670-1685 region holds some strong support as price tested this region so many times but always made recovery from there. Also, 1610-1615 region is tested too many times also. It is clear that if this triangle breaks above then first...
We have seen a steep downfall in GBPAUD over some time but it can e the time that bulls take the charge. In the daily charge, it shows that a W pattern may be on the table if price rebounds from here, and also on Friday we have seen a spinning top. What to do?? On Monday, we will be seeing if Monday candle closes in green or red. If, green then we may take a...
CADJPY has been gaining since the last three days and finally hit the resistance region of 76.600. It's showing that there might be a corrective wave till 75.200 levels before any further upward momentum is gained again IF today prices remain and close below 76.289. It's a great short opportunity if we wait for a confirmation today and will be going short if THIS...
Prices have been back from 0.65600 levels twice and the triangle formed is holding a strong support line. Today, prices have fallen in the Asian sessions but recovered some upward strength. Also, 0.64322 have Bollinger bands support and trend line support. From here, prices may test 0.65600 and above levels again as RSI is pointing to an upward movement, and if...
The triangle pattern is broken in gold and we are now looking towards 1740 target. It's a great buy opportunity. We have been waiting for this triangle to break this whole time. It happened today. :) After 1740 immediate resistance will be provided at 1760.
THERE IS A BUY SETUP IN NZDJPY PAIR. IT'S AT PIVOT IN 4 HOUR CHART. ALSO, ITS IN BULLISH TREND. SO, CAN TAKE PROFIT AROUND 65.600 LEVELS. GO FOR IT!!!!
We are getting a bullish movement in audusd. On the daily chart, we can see the trendline is supporting. So, it's pointing that the trend channel must be followed. So, from this view, we can take a long position, with stop at - 0.63500 and take profit at 0.6700 A good risk-reward ratio we getting here. BEST FOR SWING TRADE!!!!! Thumbs up :)
On Friday NZDJPY rallied near to 65.00. So what's next? According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there. What should be the...
NZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels. So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we...
We have seen a quite nice jump in GBPAUD in previous week, but it may be just an impulse. As, we can see that the trend line is still holding and may continue the downtrend. So, we are still bearish on GBPAUD pair and if we take a short here then we can take profit at 1.9000 and TP 2 will be at Support 1.8600. So, don't take a long position for now. So, be...
We have a triangle pattern formation in GBPCAD daily chart and if our strategy rules are satisfied then we will take a short here for target of 1.73300. THIS CAN BE A GREAT OPPORTUNITY!! DON'T MISS IT :)
There is a wedge pattern in daily chart of USDCAD, and indicating that it may test 1.3800 level again. So, it's a great time to go short on USDCAD and TP - 1.3900 approx. It have high chances to test this level
HERE IS A GOOD BUYING OPPORTUNITY EMERGING AGAIN IN AUDUSD PAIR. IT'S BULLISH GUYS, WE CAN TAKE A LONG FROM HERE TO TARGET OF 0.65300 ANOTHER BULL RALLY WILL BE HAPPENING SOON. :)
Okay, so, last week we have seen a beautiful rebound from 1671 levels which will be acting as strong support. On the other hand, gains are still capped till 1740 as this level is tested approximately 4 times in the daily chart. So, it is clearly showing strong resistance at 1740. If this level breaks, bulls will face immediate resistance at 1667, but it may get...
It's a great buying opportunity in CADJPY with a target of 77.226. The Triangle trend is approaching upward. GREAT OPPORTUNITY GRAB IT NOW!!!
As we can see that at the beginning of this week XAUUSD was going down but it clearly got a strong support at 1700 level and we are getting this short triangle nearly ending and its showing upward potential, and if this happens as we thought then after breaking and stabilizing above 1740 levels will give a bull run towards 1800 levels. So, it's a great buying...