Gold continued losing ground and break down that occurred earlier this week. We could see a retrace higher next week after large sell-off. If that happens, Watching for sell signal from potential sell area @ 1272.89/1278.84
Currently, the pair is consolidating around the demand and support area. there is a possibility of an inverse head and shoulders pattern formation. if this pattern takes hold, then a move higher towards the 1.0900 is possible in the coming days. Watching 4Hrs for Buy Signal
CAD/JPY has been hovering up ,down & sideways range between WEEKLY T/K recent price action is gathered within an important supply & demand zone. WATCHING 4Hrs to go Long.
USD/CAD: Still neutral as more consolidations would be seen inside 4Hrs cloud, and still facing strong resistance area below Daily TK resistance @ 1.0933/1.0901 to limit upside and bring fall resumption. as long as 1.093x resistance hold. Expecting more deep fall. Watching 4Hrs to short.
USDJPY: Recovery from 101.42 extend higher. But still under strong resistance (Daily Ks) @103.08 Break of 101.42 should fall through 100.75 support. Watching 4Hrs to go short.
XAUUSD: Gold has shown signs of weakness and failed to move higher. If the market closes below Ks weekly now @ $1285.41 we could see a larger downside move.
The AUDUSD continued pushing higher and break 4Hrs kumo from the long-tailed pin bar buy signal near daily support area (Span A) . Watching for buy signal to trade with the uptrend if the market retraces back down to around the 0.932x – 0.9297 area soon.
4 Hrs: NZDCHF Still Bullish and we have a neutral Tenkan/Kijun Bullish cross here. Trade Idea: Open longs with stop below 4Hrs kumo
4 Hrs: Waiting T/K cross to confirm down move. If price can break below 1,586x, and down from here, then it will have a good chance to reach 1.576x.