Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the EURUSD chart analysis, EURUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
XAUUSD has successfully breakout its support (1953) strongly and now trading below it. I believe it will remain under pressure. Better to look sell opportunity on it.
Today early morning XAUUSD has breakout its sideway box on 15 minutes time frame. I am much sure that from 2020 it will rise to hit its defined take profit zones.
EURO is much stronger against many other currencies. Japan economy is not in good condition and it will fall in coming week.
I have mentioned on the chart that If H4 candle closed strongly in bearish then look for sell opportunity on it. Follow the instruction given on the chart.
USDCHF is not looking bullish, CHF is much stronger against the USD. I believe it will fall more in coming week and may be it will moved in sideway.
Japan did not increased its interest and this may cause its bearish momentum. I believe CHFJPY will rise next week.
USDJPY is taking support on its major levels. Japanese yen is not stronger, as we all knows Japan did not increased it interest.
On Friday data, USD become stronger, but GBP become more powerful against the USD. I am much sure GBP will be stronger than USD. I am looking for buying opportunity on it.
EURUSD moving in ascending channel and it will remain in this channel and slowly it will rise more and more. Better to look buying opportunity on every support level.
Last week XAUUSD moved according to our analysis. I am much sure that in coming week XAUUSD (GOLD) will move again according to our analysis.
On Friday USD showed weakness while in other hand Canadian Dollar showed much strength. I think CAD will remain strong in next week against the USD.
Last Friday Japan did not increased its interest rate and this may affect the Yen and Yen fell badly. I believe Yen will continue fall in coming week.
First GBPUSD moved sideway and then moved upside as per our analysis. I believe it will rise more in next week. Keep an eye on DXY movement to trade GBPUSD.
After last week, EURUSD is still in the sideway direction. If you want to trade EURUSD in next week, then keep an eye on DXY movement.
After filling the huge gap, US OIL now trading above the gap which is giving an indication that it will may rise more or may trade in sideway.
Last week I predicted that XAUUSD will move sideway. Now in this week my view for GOLD is still the same.