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6 JAN 17 GBPUSD HORIZONTAL SUPPORT BREAK

killer195175 Posted 6 Jan.  in #Trader's blog #Gbpusd #Sell #Falling #Weakness #Horizontal Support
Hello, fellow traders,
As we can see that today the GBPUSD has come below our level of 1.2325 and perhaps will close week and day below this level. So further weakness is expected in the pair. Look for sell on the rise.
GBPUSD 4H CHART
Any comments about the setup are welcome.
Happy trading to all.
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NZDUSD on 1 FEB 16

killer195175 Posted 11 Dec. as Analysis on NZD/USD, Target: .7000, Date: 1st of February, 12:00 GMT  in #Technical analysis #NZD/USD #Nzdusd #Bearish Trend #Symmetrical Triangle #Horizontal Support
Hello fellow traders,
NZDUSD seems to have stuck between the two trendlines of the symmetrical triangle being formed on a weekly chart.
WEEKLY CHART NZDUSD
Zooming into the Daily chart we can see that the price has a bearish momentum and is capped by a horizontal resistance line to the upside.
DAILY CHART NZDUSD
My price target is .7000 levels.
Happy trading to all.
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killer195175 20 Jan.

UPDATE-3

The price has again touched and got rejected from our level of .72229. But now I am concerned about the level as if a level is touched again and again in small time then it gets broken. It is now established that it is an important level. If price fails to break on the upside then it will surely retrace to our target price of .7000 on 1st February. Let us see how the things unfold next week.

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killer195175 23 Jan.

UPDATE-4

The price has touched and got rejected from our level of .72229 for the fourth time and got rejected. It seems that the level is holding good. The pair may start its downtrend soon and reach our price target of .7000 by the first week of February.

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killer195175 24 Jan.

UPDATE-5

The price has broken the .72229 level on the upside now downside seems limited if the price stays above this level. let us see how the things unfold.

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killer195175 25 Jan.

UPDATE-6
The price after breaking on the upside took support at our level 0f 0.72229. Now if the pair finds resistance at the confluence of the trendlines then only there is a chance of price reaching near .7000 levels. I expect the CPI data to move the pair in the South direction as the Australian data was negative so I expect this data also to initiate a selloff in the pair.

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killer195175 26 Jan.

UPDATE-7
After the positive data on the CPI, the pair moved to the confluence of the trendlines and got rejected beautifully. The price then took support at our previous level of .72229 and from here I feel that if the price has to reach near .7000 levels then it need to break this level of .72229. otherwise, the pair may be contained in a range from .73000 and .72229 levels. let us see how the things unfold. I am still bearish in the longer term for NZDUSD.

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Gold: Waiting for the Fed's Trigger.

VAIBS1991 Posted 28 Oct. as Analysis on XAU/USD, Target: 1 210.0, Date: 1st of December, 12:00 GMT  in #Technical analysis #Price Action #XAU/USD #Fibonacci Retracement #Horizontal Support
Gold has been trending down since highs of September 2011 at $1920/oz. It's pullback from the December 2015 lows had taken XAU to $1375/oz which is also it's Fibonacci retracement of 38.2% on monthly charts.Early 2016 risk off sentiments and latter on Brexit helped price push higher.
Now there is a strong likelihood of Federal Reserve raising Fed's fund rates in December meeting which may cause a downward pressure on golds prices. A strong inverse relationship between the policy path implied in …
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USDCHF DOWN TREND

ImranMughal99 Posted 31 July as Analysis on USD/CHF, Target: 0.9674, Date: 1st of September, 12:00 GMT  in #Technical analysis #Currency Pairs #USD/CHF #Macd #Momentum Indicators #Strong Resistance #Horizontal Support
Charts. 1 HOURE
The USDCHF has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDCHF to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
…
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AUD/USD UP TREND NEXT MONTH

ImranMughal99 Posted 31 July as Analysis on AUD/USD, Target: 0.7500, Date: 1st of September, 12:00 GMT  in #Technical analysis #AUD/USD #Macd #Momentum Indicators #Stronger #Horizontal Support
Charts: 1 HOURE
The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H1).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to ap…
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