GOLD (XAU/USD) ... What Next ???

Hello Guys,
Back again with Analysis on GOLD (XAU/USD),

 
Gold as the world knows is considered as a safe heaven for Investors across the globe. Will it prove again ?
 

Let's see with the Help of Charts :

Looking at this chart, We find Gold moving below the falling trendline in short term, in Long Term Weekly or Monthly Charts also, the metal is moving below the falling trendline with bearish sentiments as of now. If we check the fibo retracement for the scenario, we will find the pair is trading below 38.2 fibo retracement, while it reversed from the confluence level of 1182 where short term rising trendline and fibo retracement level 23.6 coincide, to add to the supports the metal formed Hammer (Candlestick Pattern) exactly on the confluence level and the Metal started moving up. Now 1217-1218 level seem to be a tough level for the metal to cross. Let's see in the Next Chart what is in store for the Metal.

The same chart, looking slightly focused on the recent activities, The Metal here Looks like moving in a Rising Channel, and while Moving here, the Metal is forming a Chart Pattern Called "Cup and Handle" Pattern. The Pattern is being formed at exactly a position where it is much needed to be,in short the pattern is formed near the bottom of the recent activities. The Neckline of this pattern is exactly placed at the fibo level, making it a strong Resistance to break. The Formation is not yet completed, it is expected to be complete with next few candles or once the Price breaks above the Neckline area. If Neckline is break and price moves up, there will be some places where it will find good resistance ahead. First place will be the short term falling trendline resistance, Second place will be 38.2 fibo retracement level. The Cup and Handle breakout will give big moves, and the targets are bigger, May be a Huge Long Term Bullish Breakout. Hope for the Best :)

Recommendation:

 
XAU/USD (GOLD)
Buy Limit : 1201 & 1195
Stoploss : 1188
Take Profit : 1218 - 1232 - 1248 - 1266

Risk Reward is favorable with Max Risk of 130 pips and Min Reward of 170 pips. Trade with Proper Risk Management and Consult your Trading adviser before taking any trades. Leveraged Positions are not adviced by the author.

Disclaimer :
The Analyst is a Certified Investment Adviser and Working in International Markets since last 8 years.

USD/CAD ...

Hello Again, 

Here is One More today ... 

Currency Pair : USD/CAD 

After a Fake break below rising channel,The Pair again re-entered the channel and Moving up now. Crossed important resistance also, Buy on all Declines will be a good trade with Low Risk, High Reward. 

Recommendation : 

USD/CAD 

Buy Limit : 1.3260
Stoploss : 1.3180
Take Profit : 1.3580

Below 1.3180 .... Don't Remain Long, Sell for Big Targets.

Risk : 80 pips
Reward : 320 pips 
The Risk Reward is amazing 1:4 and The Trade looks attractive at this point.

Consult your Financial Adviser before entering the trade and follow Strict Risk Management. Consider Your Account size and Risk before entering the trade. 

The Adviser is a Technical Analyst and Global Market Expert with 8+ years expertise in advisory service for clients all over the world.

GBP/JPY ... GOOD OPPORTUNITY !!

Hello Friends, 

Back Again with a Good Opportunity, 

Currency Pair : GBP/JPY 

The Pair is Volatile and Moves Big, Now Most of the News seems to be done and the Pair is Expected to Move on it's own.. 

This is a Daily Chart showing the Pair has done breakout on a Longer term and Now completed the retesting of the breakout trendline. Ready for the Next upmove, The Pair is currently trading above 23.6 retracement of the recent fall from 195 to 123 levels. The retracement is expected to continue till 38.2 extension level at around 151. a Minor Resistance at around 142.45 level will be small hurdle in the way.   

The Pair as we have seen in the previous chart is expected to move higher, while reaching our short term target the pair will form a Chart Pattern "Inverted Head & Shoulder". The Pattern is One of the most successful Patterns, if the Neckline which again will be around 151 level in near term is crossed, We might see a Big upside in Near Future. 

The Stoploss for all Longs will be around recent low of 137, The Risk Reward in this case is amazingly good, Nearly 400 pips Stoploss and target of around 1000+ pips. The Pair may take time to complete the projected move, but it will be a Huge Gain !! 

Recommendation :

GBP/JPY

Buy Limit : 141 and if dips till 139
Stoploss : 138
Take Profit : 142.40 - 145.20 - 148 - 151.60 

Risk : 300-350 pips
Reward : 1000 pips approx 

Risk : Reward of 1:3 is good for taking a Trade. 

Please, Consult your Financial Adviser and Follow Strict Risk Management, Consider your account size and risk before entering the trades. 

The Adviser is a Technical Analyst and Global Market Expert.

NZD/JPY.... Good Opportunity !!

Hello Guys, 

Posting on Blog after a Long time. 

Today's Post will be : NZD/JPY 

Let's Go to Charts .. 

Monthly Chart First 

Monthly Chart Shows a Stiff Resistance of falling Trendline, and a Sharp Pin Bar Formation near Trendline in Last Months Candle. Clear Indication of weakness in the pair. 

Trendline Resistance is close to current price and Lower Trendline Support is at a Good Distance, Providing us a Good Risk Reward for the Trade.

If the Support is broken, we might see lower levels and a continued weakness. Targets might be much lower, but we will review near that level. Not Suggesting any speculative targets as of now. We will play between the trendlines only. 

Moving Average Crossovers are suggesting weakness, Price is trading below the 50SMA, indicating weakness. 

Moving Ahead, Let's See Weekly Chart : 

  

The Weekly Chart Supports Downside possibilities. Again a Pin Bar is Visible near the Trendline on Weekly Chart also. We might see some upside to support higher selling entry with a smaller Stoploss and a Bigger Target for the pair. The Moving Average Crossover is expected to turn bearish soon. 

Daily Chart : 

Clear Bearish Chart, Short Term Trendline Resistance is sustained and price is not able to cross the Resistance. On Top Price is Getting Resistance at same level since last few days. There is a Support of Smaller trendline and We will get a strong Sell Below that Support. Moving Average Crossover suggesting start of the weakness and bear trend in the pair. 

Remember, we have applied different Moving Average Combination on every chart according to our study. Entry and Exit levels are Indicative levels, Manage Your Entries and Trades according to Market Conditions. 

Follow Strict Risk Management and Do not Over trade. 

The Recommendation : 

NZD/JPY 

 

Sell Limit : 81.40 & 82.40

Stoploss : 83.40 

Take Profit : 79.60 - 77.80 (We will review Below 77.80) 

Trade according to your Risk Management, Trade Might Take Longer Duration to complete targets, so keep Smaller Trades.

All the Best !!


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