GOLD is still within the range of 1888 - 1897. The price, which was continuously pressured by the MA8, has finally reversed and crossed both the MA8 and MA20. Only the resistance at 1897 is holding back Loco's efforts for a temporary reversal. It's likely that GOLD will remain sideways until the Flash Manufacturing PMI tomorrow night. However, given the...
GBPUSD is starting to break its 100-period moving average (MA100) and entering the area of 1.27488 - 1.27685. Cable is waiting for a breakout to occur along with a golden cross between MA8 and MA100 to confirm a short-term uptrend. However, due to the relatively chaotic MA Pattern, it's better to observe GBPUSD's movement today before entering positions. Let's...
EURUSD is attempting to confirm a short-term reversal after failing to break the support at 1.08534. The price has crossed both the MA8 and MA20, and a golden cross between these moving averages is forming, potentially pushing EURUSD up towards the resistance at 1.09195. It's advisable not to rush into positions today, as the market is likely to move sideways with...
AUDUSD is within the range of 0.63963 - 0.64297, and its downtrend is showing signs of weakening. The price is currently between the 8-period and 20-period moving averages (MA8 and MA20) after a failed attempt to break the support at 0.63963 yesterday. It's probable that AUDUSD will trade sideways until there's fundamental pressure to push the price either back...
The journey of DXY towards 103.851 seems to be slowing down. This can be observed from the price action, which indicates a stronger downward pressure on DXY compared to upward movement. The price is still oscillating between its moving averages and the support at 103.231. There's still a possibility of upward movement, but if there's fundamental pressure leading...
NASDAQ NASDAQ is likely to rise and form a new high, which will influence the direction of the index. Technically, NASDAQ is attempting to confirm a short-term uptrend and is on its way towards the resistance level of 15164 along with its 100-period moving average (MA100). Congratulations for yesterday's Take Profit. We will look for confirmation of the next...
DOW JONES is once again rejected by the support area of 34236 - 34310. This second rejection is observed to be stronger, increasing the possibility that DOW JONES will be carried upwards, similar to NASDAQ in the coming days. The current price is within the range of 34310 - 34574 with the 8-period moving average (MA8) acting as resistance. There is a significant...
XAUUSD GOLD is currently in the range 1988 - 1997 where the support 1978 - 1988 is the determining support whether Loco can maintain its uptrend or not. The price was rejected yesterday at this support and most likely GOLD will try to enter this range area again today until tomorrow's CPI. 1996 - 2003 will be a good selling area considering downtrend is still...
GBPUSD GBPUSD fell 1 range to 1.23437 - 1.24224 due to the strengthening of the USD last Friday. This unilateral strengthening is due to the GBP holiday, of course it will be carried out early this week so you could say the price will form a GAP where if the price jumps above the resistance at 1.24507 then the temporary uptrend will be confirmed, and vice versa...
XAUUSD GOLDclosed the week in the 2004 - 2020 range last Thursday . Given the good NFP results, it is we already know that GOLD will make a GAP fall this morning. Now that the GAP is already closed, we know that downtrend is confirmed for Loco at least until tomorrow. Let's focusing on Sell where i see a resistance area at 1997 - 2003. It is most likely GOLD will...
XAUUSD Today GOLD opened with a correction to support at 1977. Prices are still seen in the range 1977 - 1987. The increase of 3% that occurred last Friday has not been followed by a price correction make it is likely will occur today. Will GOLD rise back to its all time highs? we'll see once the correction is made and confirm this week. BUY LIMIT 1951 SL...
DOW JONES DOWJONES entered the range area of 31317 - 31756 with the uptrend getting stronger. The price probably will make a correction to its support today before trying to break resistance 31756 and move up to 32091. BUY LIMIT 31350 SL 30845 TP 31756 R3 32352 R2 32097 R1 31756 PV 31317 S1 31093 S2 30937 S3 30535
NASDAQ The ranging NASDAQ finally confirmed its uptrend last night. The price, which is still in the 11368 - 11469 range, seems to be trying to penetrate its range area and move up into the 11469 - 11675 range. BUY LIMIT 11370 SL 11144 TP 11670 R3 11675 R2 11469 R1 11368 PV 11301 S1 11091 S2 10947 S3 10825
AUDUSD AUDUSD rose again trying to penetrate its MA100 which is also resistance 0.63828. After correcting to support 0.63137, AUDUSD formed a higher low yesterday and is currently trying to make a higher high to confirm the uptrend. CUT HALF 0.63280 and SL BEP R3 0.65490 R2 0.64461 R1 0.63828 PV 0.63137 S1 0.62548 S2 0.62153 S3 0.61685
EURUSD EURUSD seems to be trying to break resistance 0.98930 to reach the range 0.98930 - 0.99241 today. the uptrend is getting stronger with a reversal point at 0.97564. Price correction has been carried out so that the resistance at 0.98930 becomes the determining resistance whether the EURUSD will be ejected and must correct the price first or break it and...
GBPUSD GBPUSD made a correction to close the opening gap last week and continued to rise again. The cable is currently in the range 1.13025 - 1.13502 and most likely will return to the resistance range 1.13502 - 1.13695 today after correcting the break of the resistance. BUY LIMIT 1.13048 SL 1.12467 TP 1.13663 R3 1.14139 R2 1.13695 R1 1.13502 PV 1.13025 S1...
XAUUSD XAUUSD is still in the range 1646 - 1657 Loco most likely will try to penetrate the MA100 which is also the resistance today to continue rising. If the resistance is not broken, the temporary uptrend is threatened to end and GOLD may fall again following the big trend. XAUUSD is still in a temporary uptrend with the reversal point at support 1640. SL...
XAUUSD XAUUSD is starting to narrow its range and seems to be forming a symmetrical triangle. If this triangle is fulfilled, there is a chance that GOLD will rise through the resistance towards 1733.380. However, with MA8 starting to slope along with MA20, Support 1701 will determine whether Loco can fulfill its pattern and strengthen its uptred. In MA Pattern,...