The current Gold chart suggests the development of a large correction pattern, which takes the form of a cycle triple zigzag. The 1H timeframe shows the structure of the bearish cycle intervening wave x, which looks like a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. There is a possibility that the cycle wave z takes the form of a […]
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Daily Pivots: (S1) 1.6230; (P) 1.6275; (R1) 1.6351; More… Intraday bias in EUR/AUD stays neutral as consolidations continues above 1.6125. Further decline is expected with 1.6594 resistance intact. Firm break of 1.6125 will resume the Read more…
Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9162; More…. EUR/CHF extended rebound and firm break of 0.9092 support turned resistance suggests short term bottoming at 0.8979. Sustained trading above 38.2% retracement of 0.9394 to 0.8979 Read more…
Daily Pivots: (S1) 0.7022; (P) 0.7065; (R1) 0.7131; More… Intraday bias in AUD/USD stays neutral as range trading continues. With 0.6943 support intact, further rally is still expected. On the upside, firm break of 100% Read more…