GBP/USD Potential Bullish Bounce at the POC

The GBP/USD has bounced towards 1.2670 yesterday and now we can see an expected retracement.

If the pair hits the POC zone we might see another bounce. W L4 1.2505 is the potential bouncing spot along with 1.2450. Rejections should be targeting 1.2628 and 1.2677. A break above the W H3 will target 1.2707. However, first is to watch the W L4 and any bounce which might happen there.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

 

EUR/JPY Bullish Bounce and Cup with Handle Pattern

The EUR/JPY has formed a cup with handle pattern and we might expect further continuation to the upside.

A retracement towards the POC zone 121.65-75 could be used for a possible entry. Bulls are waiting for a new push above D H3 camarilla pivot. The price is bullish but also in a retracement mode. 122.00 is important support so the pair could also bounce from it too. Targets are 122.46, 122.70 and if bullish momentum persists – 123.09.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

EUR/USD Major Range in Play no Breakout Yet

The EUR/USD is fully rangebound. We can see that the price is going sideways in the form of rectangle which indicates no real trend.

Although the EUR/USD might seem slightly bullish there are 2 major zones to pay attention to. 1.1370-1.1260. No breakout yet as the pair is sold from the top and bought at the bottom. If we see a breakout above 1.1370, next target is 1.1432 and below 1.1260 next target is 1.1162. At this point it’s getting close to resistance and it might drop. Median point is 1.1298 so intraday traders might look into the level for some quick scalps.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

 

GBP/USD Bullish but Sellers Wait at 1.2707

The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.

ATR high and M H4 are making a confluence. We can also see historical sellers from the zone 1.2700-10 and if the price drops that will be considered a retracement in the uptrend. Targets are 1.2640 and 1.2563. Only a break and 4h/daily close above 1.2710 could be considered a continuation sign with the targets at 1.2736 and 1.2833.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

 

EUR/USD Aiming for 1.1410 but Retracement Comes First

EUR/USD is bullish and we might see 1.1410 hit. However, the pair is sitting at important resistance.

W H5 camarilla pivot is the strongest weekly pivotal resistance. We can also see daily Bollinger bands which are making the confluence. The EUR/USD is set to go higher but we should some retracement soon. 1.1320 and 1.1300 are levels where the retracement could finish. Then, a new bullish momentum might bring the pair up to the ATR high – M H4 1.1396-1.1410

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

 

Gold is Getting Ready for More Upside

Gold is in a strong uptrend which has been going quite well for bulls. Buying the dips is the option if the price retraces to POC zones.

Gold is challenging 1800. If we see a drop to 1770 or 1752 zone, new buyers should emerge and bring the price up again. We can spot a steady zigzag pattern which mark the strong and continuous uptrend. Besides W L3 camarilla pivot which is supportive for Gold, additional confluence is made by Bollinger bands and 89 EMA within the first POC. The target is M H3 pivot 1812.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

EUR/USD Getting Close to Important Zone

The EUR/USD is dropping as suggested on my live webinars and analyses. The last signal was a sell at 1.1325.

Overbought conditions have made the EUR/USD drop from the yesterday’s top. 1.1260 is very important now. A bounce off that level should make the pair go up possibly retesting 1.1350 zone and breaking it higher towards 1.1409. However a break below 1.1260 will go for 1.1240 and below 1.1203 is possible. At this point the price is still supported but watch for the break or bounce.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

GBP/CAD Possible Drop Off the W H3

Then GBPCAD has formed a possible rejection pattern off the Camarilla W H3 pivot. We could see a drop.

Overbought conditions along with the change in momentum have made the pair look more bearish. 1.6900 zone could reject the price down to W L3 pivot. W L3 is 1.6820. Only a close above 1.6940 could make the price go higher towards 1.6921 where the trend line is. At this point sellers are slowly regaining control but it’s the NFP Monday so be careful.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

EUR/USD Continues With Downtrend

The EUR/USD has gained some bullish impulse after yesterday’s worse than expected ADP data. However, the pair is still bearish.

Daily TF shows overbought market conditions and if the M H3 camarilla is not broken, downtrend continues. M H3 is 1.1321 and this level is crucial for bulls. Above this level we will see continuation to the upside. However, yesterday 1.1180 was retested as the price printed out the new daily low, so we might have another retest of 1.1180. However, for that to happen we should see a move below 1.1240 first which will signal a new bearish impulse.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

USD/CAD Close to Important Zone

The USD/CAD is getting close to important zone. 1.3550 is the point where next move will take place.

W L4 camarilla pivot might spike the price to the upside or break it lower. At this moment we need to wait for 1h/4h close to see the next move. A bounce at the zone should be targeting 1.3620 and 1.3747 during the week while a move below is aiming for 1.3512 and 1.3450. Candle close above or below the zone is important as only a strong bullish or bearish close will show real momentum and power of buyers or sellers.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

EUR/USD Make It or Break It

The EUR/USD is at the important level and we might see either a bounce or break below. Ranging markets conditions still prevail.

The EUR/USD has been trapped within the range as 1.1200 zone still resists. We have the important zone within 1.1200 and at this point we might see a push to the upside or a break below. If the market breaks 1.1200, next is 1.1188 followed by 1.1168. Below 1.1168 a stronger momentum down is expected towards 1.1118. Above 1.1200, 1.1227 is next followed by 1.1240 and 1.1267. Only above 1.1267 we should see 1.1316 again.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar

GBP/USD 1-2-3 Bearish Pattern on 4H Timeframe

The GBP/USD has formed a bearish pattern below the channel and we could see downward continuation.

The fear of further Corona Virus outbreak is spreading through Forex and Equity markets. Currencies had a rollercoaster last week with very slow and range bound conditions. The GBP/USD has formed 1-2-3 bearish pattern on 4h timeframe and we might see a drop. The pair is bearish but momentum below 1.2360 should expose 1.2300 and 1.2290 as the intraday target. Strong downside momentum without any roller coaster (read: clear trend) should target even lower zone at 1.2240.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

GOLD Bulls Are in Control but Watch for W H5

GOLD is still in a strong uptrend. Bulls are in full control, but market is getting closer to a possible retracement.

W H5 camarilla pivot is the strongest weekly camarilla resistance. We should see a retracement if the levels is reached. Only a bullish close above 1785 might push more momentum into the price testing 1800 level. However, if we see a drop from the W H5, then W L3 1750-1730 should provide a fresh momentum and market could bounce again. Gold is pretty stable at this point ccompared to Forex currencies as the uptrend is strong and persistent.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

GBP/USD Bullish Continuation Above 1.2540

The GBP/USD has formed a bullish bounce off the W H3. We can see that uptrend might continue on a bullish close above W H4 1.2540.

If the price makes a bullish close above 1.2540 we should see uptrend continuation. New buyers will join and the price should reach 1.2575 followed by 1.2612. M H4 resistance is exactly at 1.2638, so a strong bullish impulse should price the spike up. Only a 4h candle close below 1.2429 might negate the bullish scenario.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

EUR/USD Bound for 1.1360 on a Strong Momentum

The EUR/USD has formed a CAMMACD.Core Setup exactly on the confluence of support. 1.1260-70. We should see a move up.

The EUR/USD is set to break 1.1300 and proceed above. In my opinion, we should see 1.1312 and possibly 1.1360 if the market keeps the positive bullish momentum. The MH4 is in the confluence with the ATR high which is 1.1312. A move above 1.1312 should be targeting 1.1360 which is the weekly H5 camarilla target.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

GOLD Bullish Trend Continues Towards 1760 Zone

Gold has formed a bullish SHS pattern as the price made a bounce off the bottom of the right shoulder. We should see upward continuation.

The price is undergoing a retracement. 1718-25 is the zone of the right shoulders. We might see buyers there. If we see a bounce off the POC zone, the first target is 1739 followed by 1752 and 1763. However, another close above 1755 without a retracement to the POC zone, will move the price directly towards the target 1763. Only below 1699, this scenario will be invalid.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

USD/CAD Bearish Continuation Only Below 1.3600

The USD/CAD has performed a bit bearish with a strong momentum down. At this point we see a consolidation.

If the price breaks below 1.3550 again we will see new sellers joining. However, 1.3600-20 zone needs to stay unscathed for that scenario to develop. Market has been very rangy and very hard to trade this week as there was lack of real trend momentum. Targets for bears are 1.3520 and 1.3486. If the price makes a close above 1.3620 then we might see 1.3665.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

Gold is Congested Within the Triangle

Gold is trapped inside a triangle range and at this point we can see the price struggling to go anywhere.

If the price breaks 1730 with a momentum candle we should see the move to upper levels 1741 and 1748. However a move down below 1711 should make a drop towards 1692. The price is very rangy and the market is waiting for a breakout. On 4h time frame its very visible as the price is close to the pinnacle of the consolidation triangle.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

GBP/USD Rally Has Been Faded but Still Bullish

The GBP/USD rally has been faded. At this point we should see a continuation towards higher levels if 1.2530 zone stays unscathed.

Bulls are fighting to regain the full control and we can see that the price is still in bullish mode. The GBP/USD is supported above the middle daily BB line and we might see a continuation up. The first target is W H3 camarilla pivor 1.2633 followed by 1.2677 and 1.2726. Failure to close above W H3 camarilla might lead to another drop lower.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

AUD/USD Bullish Continuation Towards W H4 and Beyond

The AUD/USD is getting stronger and stronger. At this point we can see that the market failed to close below W L3.

Unable to close the price below W L3, bears are getting weaker. Bulls are getting back control, and the price is moving up. If we see the market within 0.6795-0.6850 zone, a new wave of buyers should appear. Targets will be 0.7012 and 0.7134 if we see bullish continuation. Only below 0.6770 bears will regain back control.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.