Last time I mentioned the BOX and I said to wait for the BOX BREAKOUT and now the result is front of you all. Now again wait for the BOX breakout then take decision either you want to buy or sell.
Today we have HIGH impact news in the market called CPI. This news will make high impact. I have shared my analysis that how to trade GOLD in this news. Wait for the BOX breakout then take buy or sell trade.
Wait for the trendline breakout then buy it. Japanese Yen is not much stronger and it will fall more so by this all pairs of Japanese yes will rise against YEN.
Japanese Yen is still weak and I don't believe that in coming days it will show strength till US will not start to decrease its interest rate. Every dip in USDJPY is an opportunity to buy it.
USDCAD has successfully breakout its support level. Now if market show fake breakout then buy it.
AUDUSD seems in selling pressure. I have mentioned the selling zone, wait for the rejection from that level then sell it.
I believe next week Dollar Index will be stronger because dollar did not show it's strength on friday even the interest rate has increased. So soon or later USDCHF will rise again. Buying zone already gives to you all.
The market of GBPUSD boost because USD getting weaker even the data was in the favor of USD. Its mean soon or later GBPUSD will fall back. I have mentioned two selling points keep focus on them.
I give two major selling points to sell EURUSD. Keep an eye on them. Sell only when DXY (Dollar Currency Index) start to rise.
As we all know, US has increased its interest rate from 3.25% to 4.00% by this USD will get stronger. I believe GOLD will fall back to 1640 and then 1620.
Last week JAPANE has not increased its interest rate and by this JPY come again in weakness after some strength but from last Thursday USD took strength against the JPY. Better to watch buying opportunity on it.
On Friday, Gold was fall badly and reached to 1640 level due to USD strongness by Q3 GDP positive data. Now for the next 2 days USD may be weak and GOLD will fly but after the Interest of US, Gold will fall back. Follow the chart.
On Friday night USD fell badly just due to the speak from Federal Member. I believe it will rise again and will make new HIGH of this year. Better to buy on DIP as I already mentioned in the chart.
Keep an eye on Dollar Currency Index. If it goes into Bullish then try to look Buying opportunity on USDCAD pair. I am bullish on it.
The market seems to be bearish. I am watching selling opportunity on it. Keep an eye on Dollar Currency Index. If it goes into bullish then sell AUDUSD.
The market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
The market of EURUSD is standing on it's major resistance zone which can put it down back to it's previous support. Better to look sell opportunity on it.