Low volatility for the past two months signals an impending BREAKOUT!
Weekly time period MACD line remains above the signal line prompting an UPWARD BIAS!
Strong price rejections both bullish and bearish signals markets are undecided!
BULLISH HARAMI during the last 4 hour trading block on Friday shows the selling momentum is coming to an END!
RESISTANCE at $2,010, Buyers lurking to buy any dips at these levels means it has healthy support!
UPWARD trend is still INTACT! EMA5 > EMA15!!!
IF NOT GOLD THEN WHERE ELSE? No way INVESTORS like YOU and ME are going to put our money in TECH stocks!
TRUMP...
Low yields as a result of loose monetary policies globally are driving investors both retail and institutional to gold.
RSI indicators provided a clear sign of retreat in prices in the next immediate day. (2 occasions in July proved it)
No signs of consolidation, SMA 15 as support and $1790 price support.
$1,900 will be a short-term resistance. (psychological...
Support of 1.370 has been tested multiple times. A bullish engulfing candle might signal a upward trend up towards to 1.378 but its need to break resistance of 1.374.
Buying opportunity now with TP at 1.375, stop loss slightly below 1.370 at 1.369.
Leave your thoughts below!
Upward trend coming to an end with a bearish engulfing candle pattern. RSI reversal as well.
Support at 1.17310 and 1.16085, resistance at 1.19000.
EURUSD settling into a range.
Share with me your thoughts!
Based on fundamentals, the outlook for the US economy is marked with uncertainty over geopolitical tensions, coronavirus control and the upcoming presidential elections. In addition, the trade deal for the US is hanging in the balance, amidst heightened US-China tension over the past week.
The rise in Euro is not only driven by the relief stimulus alone but also a...
