killer195175's Blog

Avatar

XAUUSD MAY FALL AFTER DOLLAR RISE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
XAUUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone but falling down.
Read full story
Translate to Inglese Show original
killer195175 avatar

UPDATE-2
The pair has closed the last week at 1280 level. The pair has broken the rising trendline on the 4-hour chart. Now the down move may begin anytime soon.

killer195175 avatar

UPDATE-3
The pair has ended the week at 1248.37. Which is well above our target price of 1230. The pair has broken the rising trendline and closed the day below it. Now the next stop is at 1233 and 1202.

killer195175 avatar

UPDATE-4
The pair has ended the week at 1248.37. At the time of writing this comment, the pair is trading at 1243.68. The break of rising trendline has made the pair to fall very fast. Next support may be found at 1204 levels.

killer195175 avatar

UPDATE-5
The pair has fallen below the 1265 level which was a good support. Now, this level will act as good resistance and push the price till 1204 level. I expect gold to settle at 1230 levels on 1st January 2018.

killer195175 avatar

UPDATE-6
A fall in US Dollar value resulted in rise of XAUUSD and it closed the week at 1274.75. Our target for January is 1230 level. Now it seems very far and not achievable as the MACD and RSI are hinting a bullish move. For our targets to be achieved the pair should get rejected at the falling trendline next week.

oper inserire commenti
Avatar

AUDCAD

The AUDCAD pair looks like making a rising wedge with the apex of the wedge at 13 DEC 2016 valued at 1.02250. According to the wedge drawn by me the price if it obeys the wedge till 1st Nov then upper line is at 1.01920 and lower line is at 1.00320. So I assume that the price will be between these two levels on 1 Nov 16 at 1200 GMT.
DAILY CHART
4H CHART

The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Ha…
Read full story
Translate to Inglese Show original
oper inserire commenti
Avatar

EURUSD

The EURUSD pair seem to be in the symmetrical triangle for the past few months and if it stays within the triangle then on 1 Nov 16 the pair will be near 1.11640.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
Read full story
Translate to Inglese Show original
oper inserire commenti