Today's second bonus. AudUsd: The price still in a bearish divergence on 4hr and targeting 0,7270 then 0,7240 Price could try retest0,7380 before resuming down move {image}
UsdJpy: Price weekly in a bearish divergence (not confirmed yet) but price should not close above 113,28 in order to resume this scenario.
UsdJpy on 1hr in a bearish divergence targeting 112,50. Still in play may go deep down
Gold Prices Rise Within Ascending Channel, is XAU/USD’s Next Leg Lower?
Gold prices marked time over the past 24 hours, pausing the aggressive rise seen earlier this week. The anti-fiat yellow metal tends to inversely follow the US Dollar and Treasury yields. The Greenback leveled out following losses on Wednesday. US government bond yields remained depressed towards the longer maturity spectrum. Front-end rates were slightly higher.
Gold Prices Rise Within Ascending Channel, is XAU/USD’s Next Leg Lower? Gold prices marked time over the past 24 hours, pausing the aggressive rise seen earlier this week. The anti-fiat yellow metal tends to inversely follow the US Dollar and Treasury yields. The Greenback leveled out following losses on Wednesday. US government bond yields remained depressed towards the longer maturity spectrum. Front-end rates were slightly higher.
Long-term:
UsdCad: Buy with SL below 1.2290
EurCd: Weekly offers good chance for long as price in a wolf wave
Look too long
CadJpy: Time to sell based on weekly bearish divergence
Short term
GbpJpy:
The price in 30m on 123bullish with SL 157.05 and target 158.37
Good luck everyone
This is my last contribution for the week: Long-term: UsdCad: Buy with SL below 1.2290 EurCd: Weekly offers good chance for long as price in a wolf wave Look too long CadJpy: Time to sell based on weekly bearish divergence Short term GbpJpy: The price in 30m on 123bullish with SL 157.05 and target 158.37 Good luck everyone
The price moves in a clear pitchfork channel and has managed to break it but failed 1720 support and went back up to test it again. Based on tehnichal pointview the price could continue moving south.
Gold Daily:
The price went up strongly and suddenly got strong resistance on 1815 and went down 310pips then retraced 150pips. The price in fact went down sharply into the middle line of the channel in 4hr (for traders who usually have 4hr as a reference) or into crucial support daily 1786.89 (for traders who have daily reference).
The price now created 123bearish daily with SL above 1815 (point3) and buyers have the ability to push up the price to challenge 1815 again.
To simplify things, Gold may now have support 1780-1787 to challenge 1815 but in the end, we have bearish 123 which we should respect, it is very possible that Gold moves to 1815 or a little higher and we should see it as a good opportunity to sell based on 123 bearish daily.
Gold 4hr / 1hr:
The price can get support on 2 area which represents dynamic support line, if this happens then the price can target 1815/20 area.
We should also take into account support area 1780-87 based on 4hr chart.
EurCad:
The price created bullish divergence which failed on risk zone and created point 4 (fib 61-78) then fell sharply to create point 5 (point 5 will be active as long as the price does not close below 1.4258 weekly).
Wolf waves pattern is not confirmed yet, the price needs reaching 1.4582 to be activated. The target is huge.
