Month: March 2019

  AUDUSD – 1 Hour Chart   As suggested in yesterday’s chart analysis, price has continued to be bearish and move lower. Price action has now formed a bearish channel and the moving averages continue to be bearish, all signalling that the AUDUSD could move lower. Selling opportunities may exist around …

EUR/USD The Euro is still located inside the local consolidation between the level of support 1.1244 and the level of resistance 1.1416. Besides it, we need to point that the large volume is concentrated within this range. Hence, we can open new positions only after the sharp exit of the …

  Precious metals have been bullish since October of last year. Recent price action has been bearish though. Is the upside momentum now over? Where could GOLD and SILVER go from here…? Time for some XAUUSD and XAGUSD analysis…   GOLD – Daily – XAUUSD   GOLD has been bullish …

  AUDUSD – 1 Hour Chart   As suggested in Friday’s chart analysis, the AUDUSD has been reversing off the diagonal resistance area and around the moving averages. Price continues to move within a consolidation area but the recent price action has been bearish and the moving averages are bearish and …

EUR/USD The Euro is still located within the local consolidation between 2 strong volume levels. The first one is the support 1.1345, the second one is the resistance 1.1416. Hence, our previous scenario remains relevant: we can open new positions only after the breakout of one of these levels and …

EUR/USD The Euro sharply corrected downwards after the formation of the new level of resistance 1.1416. The drop of the price was supported by the large volume; you can see it here. Now the pair is located in the local consolidation between the previous level of support 1.1345 and the …

  AUDUSD – 1 Hour Chart   Price continues to be indecisive and lack trend direction. The moving averages confirm the market indecision – they have been crossing frequently. Trading opportunities may exist around the diagonal resistance area, around the moving averages and around the horizontal levels at 0.7060, 0.7075, 0.7105, …