USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
XAU/USD is swimming with sharks
Trade idea
BUY 1,497 (or 1,501 for more conservative entries); TP 1,516; SL 1,494
Have a look at the chart of XAU/USD. Gold has recently formed a lower low that may be a part of a “Shark” pattern which is not complete yet. The move above 1,496 (200-period MA on H4) and the psychological level of 1,500 will strengthen this view. The “harami” on this timeframe speaks in favor of such a scenario. The upside target (point C of the pattern) should be around 1,517. The bigger bullish “Shark” pattern is also in line with this idea.
On the downside, the return below 1,489 (yesterday’s low) will open the way down to 1,483.
Elizabeth Belugina
Similar
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
Latest news
USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
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