Last week (5-9 Sep), gold tried to break 1912 but it was resisted. It managed to reach 1922 before the profit taking occurs before making a low at 1791. 1791 is a higher low compared to previous week low (29th Aug – 2nd Sep) at 1775. Overall,
Read more →Overview Week to week, euro dollar hasn’t moved much and look consolidated within the Highs and Lows of week 33. Nevertheless, it is still progressing upwards in the equidistance channel formed since early August. Daily Chart Going into the daily chart, it is evident every month ended
Read more →Week 25, AUDJPY is in a range. Coming to week 26, a safe way to tackle this pair is to assume the range continues. AUDJPY H4 AUDJPY is at support at the close of week 25. Assuming the range play continues, it is potentially a buy at
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Read more →As we go into the sixth month of the trading year, here is a quick review of USDX price action and its possible future moves. As with previous posts, the Dollar Index is on a bullish up trend, moving within an equidistant (ED) channel (blue). The bullish trend
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