The gold price trends have been sloppy since December 2016. That sloppy behavior is evidence of a three-wave move, a correction. Therefore, the current increase in gold prices may not last long. The break above $1357 eliminates the near term triangle possibility and indicates the rise since December 2016 is a large ‘B’ wave. ‘B’ waves tend to be sucker waves that are sloppy and overlapping and the trend for the past year fits that description. ...
CAD/JPY: bearish reversal. Daily price was located on the bullish ranging markety condition since Devember 2016: the price was ranging within narrow support/resistance levels to be moving near-and-above Ichimoku cloud and inside Ichimoku cloud on the border between the primary bearish and the primary bullish trend on the chart. The price broke Ichimoku cloud to below at the end of the Februarythis year to be reversed to the primary bearish market condition with 84.67/84.17 support levels as the ...
GBP/AUD: bearish ranging within narrow sa/r levels for direction. This pair was reversed to the primary bearish market condition by breaking Ichimoku cloud to below in the beginning of the january this year. For now, the price is on bearish ranging within narrow support/resistance levels waiting for the rally to be started or for the bearish trend to be resumed. if the daily price breaks 1.6267 resistance so we may see the secondary ...
CAD/JPY H4: bullish reversal. This pair is on ranging market condition located to be inside Ichimoku cloud within 82.55 resistance and 81.35 support levels waiting for direction. There are 3 simple scenarios for the price movement for the week: bullish trend to be started in case the price breaks 82.55 resistance,bearish reversal in case the price breaks 81.35 support,or the ranging will be continuing within the levels. Chinkou Span line is located below the price ...
Nothing To Fear Ahead Of Yellen And The Lunar New Year - Crédit Agricole What we’re watching USD – "Next week’s Congressional testimony by Fed Chair Yellen will be key in driving the USD and risk sentiment further. We do not expect a case of further falling rate expectations to be made here." SEK – "Although the Riksbank is likely to hold off from further easing next week, a dovish rhetoric should keep easing ...
Recent Comments