XAUUSD is bouncing from 1680 Oil is testing the key 86 support. A bounce here is required for the test of 100 and breakout higher. Break below 86 will lead to an invalidation of the recent medium-term trend and a deeper pullback to 60-70 zone. Short-term 86 and 100 […]
Oil is testing the key support Read More »
XAUUSD is bouncing from 1680 XAUUSD is bouncing from the strong support. This bounce could lead to a retest of 1760 upside resistance that could invalidate the upside continuation. Only a break below 1690 could lead to an immediate invalidation of this bounce and would lead to a downside
XAUUSD bouncing from the strong support Read More »
GBPUSD is about to face a key 1.1410-1.1500 zone GBPUSD is breaking below the 1.1700 level. This break is leading lower to a key downside resistance 1.1410-1.1500 zone which was the March 2020 low. A break below this zone iz required for the downside continuation. The warning sign for
GBPUSD to test historical low Read More »
Copper is reversing from the falling trendline Copper is breaking below 3.5000 again. This could mark the beginning of a downside reversal from the falling trendline 3.7500. The downside continuation is about to accelerate with the break below 3.400 to target 3 and below. This price action is pointing
Copper downside reversal beginning Read More »
AUDNZD is breaking above the 1.1100 AUDNZD is breaking above the strong consolidation resistance 1.1100. This could mark the end of a five years long consolidation bottom range between 1.0100 and 1.1000. We have seen a decisive break above this consolidation resistance being pushed by the persistent NZD weakness
AUDNZD bottom consolidation finished? Read More »
