USDJPY is already bearish according to our technical, its also supported by ICMOUKU CLOUD
EUR/USD may continue being Bullish to complete the pattern then we will expect bearish movement for long term. Note; This is just a trading idea, mind your entries. Goodluck
Our technical clearly show that GBP/JPY is on strong resistance level, which means a trend reversal to the downside. But on the other hand it may break out and continue being bullish.
If you did not know then this is the reason why Dollar pairs are retracing. for me its giving me another Opportunity to BUY gold again.
Following my previous idea on EURUSD. we can now clearly see the formation of BULL FLAG and also the hourly breakout from the wige pattern. There is also a formation of a MORNING STAR on the daily chat provided the daily candle closes bullish. if you like my idea you comment
Currently EURUSD is in a descending channel heading to the Daily lower trend line. THIS COULD MEAN PRICE WILL JUST BOUNCE TO THE UPSIDE AT THE TOUCH OF TRENDLINE But there are more chances of price breaking to the downside but its most important to wait for the price action to show us where to go
As we clearly see the formation of DESCENDING channel. the price may come down to complete the reversal pattern then head to the upside WE MAY FACE AN EXTENSION OF THE CHANNEL TO CATCH PEOPLE ON THE WRONG SIDE OF THE MARKET or we just reverse immediately from the trendline
NZD broke out from the descending triangle last week despite NZD weakness today USD failed to to go back to the triangle. that confirms the breaakout to be valid so we are long
Technically the trend on Gold is bullish coz it failed to break the 1880.00 last week so in short term basis Gold is most likely to retest the 1880.00 level then head to the upside Note. this is just a trading idea, take trades at your own risk
The price has been consolidating for the whole of last week near the key resistance level with multiple rejections All our technical tools are pointining to the thee downside but its best to wait or either a break out or a breakdown then we can take trade