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EssentialThe pair breaks significant resistance after a long consolidation. This confirms resumption of new bullish trend , a jump to 170 is possible. It is good to buy on dips around 167.55-60 with SL around 166.50 for TP of 170
EURAUD breaks 61.8% fib retracement and holds above that level. This confirms the pair has formed a temporary bottom around 1.42833, a jump to 1.5760/1.6000 is possible. Minor bearishness only below 1.5380. It is good to buy on dips around 1.5508-100 with SL around 1.5380 for a TP of 1.5760/1.6000.
It is good to buy on dips around 1.36700 with SL around 1.3630 for the TP of 1.3800
Swiss banking giant Credit Suisse under deep trouble. Its five-year credit default swaps (CDS) rose by 6 basis points to close to 248 bpbs, the highest level since 2008 (Lehman brothers moment). It has increased the demand for safe-haven assets like Gold. It is good to buy on dips around $1660-61 with SL around $1640 for TP of $1700/$1740.
Gold recovered sharply and jumped more than $30 on dollar weakness. US dollar index pared some of its gains made this week on profit booking. RSI in Monthly chart- US dollar index- 81.49 (Overbought) Bearish divergence in the monthly chart (CCI- 50) (positive for gold). It is good to buy on dips around $1640-41 With SL around $1620 for TP of $1720
The pair has formed a bullish divergence in the weekly chart. Son minor pullback to 0.98500 is possible. Please avoid fresh shorts. Weakness only below 0.9720
it is good to sell on rallies around $1647-48 with SL around $1660 for TP of $1630//$1625 (Intraday)
GBPJPY gained more than 200 pips on the weak yen. The yen hits a fresh 20- year low against US d dollar on policy divergence between US Fed and BOJ. It is good to buy on dips around 164 with SL around 163 for TP of 166.30
It is good to buy on dips around $1930-35 with SL around $18 for TP of $22.65/$25/$26.90
It is good to buy above 144.15-20 with SL around 143for TP of 148
Technically in the 15 min and 30 min chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 -15 min EMA (164.94)/164(200- 30 min EMA). Itis good to sell on rallies around 165.30-31 with SL around 166.30 for TP of 163
It is good to buy on dips around $1720-21 With SL around $1700 for TP of $1800
It is good to buy on dips around $1705-06 with SL around $1679 for TP of $1760/$1778
It is good to buy on dips around 162.65-70 with SL around 162 for TP of 165/166.20
It is good to buy on dips around 1.2990 with SL around 1.2940 for TP of 1.3080
It is good to sell on rallies around 0.96280-30 with SL around 0.96625 for TP of 0.9575
It is good to sell on rallies around 161-161.05 with SL around 161.50 for TP of 160.02
It is good to buy on dips around 162.85-90 with SL around 162.40 for TP of 164/165