GOLD retraced back to the trendline (lows 1180 and 1194) and has performed a four days run to the upside. The price isn’t so convincing because the daily candles have very small range. However XAUUSD is facing an important horizontal resistance which we may call it “make or break”. If price breaks out, then the next resistances are 1248 and 1262. There are good probabilities for sell opportunities if price manages to climb to these areas. On the other hand, if price breaks out the rising channel to the downside, then GOLD may see the lower trendline again.
Following up our previous post, GBPJPY validated the bearish pattern of Head and Shoulders. In addition, we noted one more bearish pattern (ABCD) which gives a shorter measured target. We added an extra support at 148, which is near at 61.8% Fibonacci retracement level. All the above supports may offer decent intraday buying opportunities. Overall, […]
Technical Analysis View: NZDCHF Daily Disclaimer: This report has been issued by the investment advisory department of Triple A Experts Investment Services S.A. (hereinafter « AAAFx ») for informative purposes only and for the sole use of its recipient. This report is not intended for the public, nor is it intended for distribution channels and may not […]
Good Morning, – Euro falls after hitting one-month high against dollar on Wednesday. US dollar slipping 0.2 percent against a basket of major currencies, erasing some of the gains made on Wednesday. – Asian stocks, slip from 7-week highs. Japan’s Nikkei -1.14%, Hong Kong’s Hang Seng -0.36%(07:00 GMT), Korea’s Kospi -0.13%, Australia’s ASX […]
