Salzworth

Salzworth

Hi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the...

Salzworth

Hi everyone, Gold prices are testing a key weekly support area which lines up with the 61.8% fibonacci retracement. We could see a bounce from here with 1820.20 as our resistance target, in line with the 38.2% fibonacci retracement. Keeping in mind that the views on the weekly time frame echo a more bullish bias as prices hold well above the ascending trend...

Salzworth

Hi everyone! USDSGD has been trading sideways as investors await the FOMC meeting, with all eyes on the Fed for their latest view on inflation. On the TA front, USDSGD is currently in a triangle pattern right now and a break above the descending trend line and resistance area at 1.33100 could see a further upside to our next resistance target at 1.34000.

Salzworth

Hi everyone, GBPUSD is testing a key resistance on the H4 time frame, where we saw a reversal here. Overall direction on the GBPUSD is bearish and we are expecting further downside below its resistance at 1.41800. On the M15, we could see a limited push up to test its resistance area again at 1.41783 in line with the 78.6% retracement before the drop. What are...

Salzworth

Hey everyone, I am bullish on EURCAD on the larger time frames as prices have broke the previous resistance zones. On the H1, EURCAD is facing pressure from resistance and could see limited downside to test our support area here, in line with the fibonacci confluence levels before the bounce. This week market will also be watching closely for BOC and ECB...

Salzworth

Trend: Bearish Relevant Key Levels: Resistance: 1.0942, 1.1068, 1.1265 Support: 1.0884, 1.0755, 1.0626 Notes: Price closed below 200EMA (4H) at the end of last week. Breaking above 1.0942 may trigger a bullish move towards 1.1034 - 1.1068 Breaking below 1.08840 may trigger a bearish move towards 1.0755 Disclaimers: The view on this chart is not an advice...

Salzworth

Continued weakness of EUR against USD. If it breaks below 1.079, target for the week is 1.0604. If it retraces back to 1.0976 followed by bearish price action, expect downtrend to continue to 1.0604 and 1.0419 (April's Target) If it breaks above 1.0976 with bullish price action, wait to buy on the pull back with a target of 1.1162 and 1.1475.

Salzworth

A double top for 3rd week of Dec before falling for xmas and new year or a lower high, lower low before breaking out of the triangle

Salzworth

Sell (March Repatriation) Key monthly pivot - 145.770 TP on reversal

Salzworth

Buy/Sell Zone for the week

Salzworth

Plan for next week: Retrace to 1.3384 (PP) 1.3441 R1: 1.3498 1.3540 1.3581 (TP)

Salzworth

buy on dip

Salzworth

sell on rally

Salzworth

Brent SELL at resistance

Salzworth

Sell at resistance