DAX30 Bears Fully Controlling the Market

Dear Traders,

Dax30 is in a heavy downtrend caused by a negative sentiment due to corona virus. Equities are dropping in sync and DAX is no exception.

If the market makes a bounce towards 12820. We might expect another sell. Watch for a bearish candlestick pattern in the zone 12800-20. Rejections off the zone will target 12715 and 12508. The projected low is 12138, so pay attention to a possible drop towards 12150 zone. As long as 12871 (bearish order block) holds, the DAX is strongly bearish.

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

 

Gold Bulls Proceed with Utter Domination

Dear Trader,

Gold is very bullish as usual and the market continues to dominate global trend in 2020. We see a continuation of bullish move after a retracement.

1623-24 is the W L3 support. Gold is bouncing from the zone. We should see 1650 and 1664. Above 1662 we might see 1682 again. Have in mind that the ATR projected high is 1664 so the market might make a retracement in the zone. However, buying the dips is still the valid option even if the Gold drops to 1615 zone. My pending order is set there.

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

 

EUR/GBP Bullish Bounce Might Target 0.8410

Dear Traders,

Despite the downtrend, the EUR/GBP bulls are slowly taking control. H4 time frame is in retracement and that accounts for lower timeframes bullish trend.

0.8360-70 is the zone where we might expect the pair to bounce. We can see the bullish momentum and the first target is 0.8385. If the level is broken we should see an upmove continuation towards 0.8410 zone. This scenario is valid as long as the price is kept above 0.8340 zone. Buying the dips is a valid option now.

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

 

USD/CAD Expectedly Bouncing off the POC Zone

Dear Traders,

The USD/CAD is in uptrend. The price made the move towards the POC zone and now it is spiking up.

1.3215-30 is the POC zone. At this point we could see another move to the upside targeting 1.3255, 1.3276 and eventualy 1.3302. The market is slower so you need to be patient. The ATR(5) is only 40 pips. However, it is a stable market and its trending, so buying the dips is the scenario.

As long as the price is kept above 1.3200, bulls are in advantage.

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

 

AUD/NZD Going for Higher Levels

Dear Traders,

The AUD/NZD is targeting higher levels. We should see a continuation move due to ascending scallop pattern.

The market is above W H3 camarilla pivot. A continuation move above should target 1.0488 W H4 camarilla pivot and M H5 1.0492. A close above should make the price spike towards 1.0537 W H5 camarilla. As long as the price is above W L3 1.0400, the market is bullish. Buying the dip continues.

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

 

Gold Buying the Dips Continues

Dear Traders,

Gold is pushing up as the buyers completely dominate the market. If the price makes a dip, going long is still the best scenario.

Gold is still in a strong uptrend and we might see a continuation to the upside off the POC zone. Buying the dip is possible if the prices makes a retracement. 1577-79 is the zone. The first target is 1590 followed by 1597 and 1608. Only a dip below 1570 might make bulls weaker. As long as the price is above 1577, bulls will be extremely strong.

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

 

USD/CHF Potential Retracement as the M H5 Level is Broken

Dear Traders,

The USD/CHF is at highs. Due to the ATR resistance we might see a drop soon. The M H5 has been hit too.

The price has broken above M H5 level at 0.9786. This means that we might expect a retracement although a shallow retracement already happened after a pink dot showed up. Now we might see another retracement within 0.9829-40 zone towards 0.9798. Due to low ATR, targets are 0.9792 and 0.9766. For bulls, 0.9850 should be hard to break as the EUR/USD might go up soon.

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

 

GBP/CAD Bullish Move as Long as the Price is Above 1.7200

Dear Traders,

The GBP/CAD is still in uptrend. If the market stays above 1.7200 we can expect uptrend continuation.

A strong 4h close above 1.7200-1.7223 will make a decisive move forward towards higher targets. Until that happens, the trend is still bullish but the price might drop. The best scenario is a close above W H3 pivot – 1.7223 and then we shouldsee a move towards 1.7250 and 1.7323. As long as the price hovers below 1.7200, we might see another drop lower.

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

 

GOLD Should Bounce From the W L3 Camarilla

Dear Traders,

Gold is still bullish despite the retracement that is happening on 4h time frame. We might see a bullish bounce off the W L3 pivot.

1557-1560 is still the POC zone where Gold buyers might be waiting. The price might bounce towards 1566 and 1574. If 1574 breaks we could see 1582 W H3 pivot retest. A deeper retracement might follow only if 1555 breaks lower. In that case watch for 1552 and 1544.

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

 

AUD/CHF Is Still Bearish As The Price Is Capped Below 0.6590

Dear Traders,

The AUD/CHF got the overbought signal while in downtrend. We might expect a further drop in the AUD currency.

The pair is having a retracement within thr 0.6545-60 zone. Sellers might take control again on the bearish candlestick pattern. A rejection off the zone should target 0.6520 and 0.6490. If the price goes below 0.6490 then bearish continuation towards 0.6439 is possible. The scenario is valid as long sa the price is below 0.6590. Have in mind that the AUD/CHF market is slower as it shows only 55 pips of the ATR(5) and it might take a while for the price move to develop.

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

 

USD/CAD Further Uptrend As Buying The Dip Continues

Dear Traders,

The USD/CAD is still bullish as shown in the previous analysis too. At this point we need to wait for a drop then to possibly go long on 1-2-3 pattern.

The pair might have a retracement close to the ATR support around 1.3265-75. If that happens look for 1-2-3 breakout which will bring the fresh buyers in play. Targets for the move are 1.3300 and 1.3333. Have in mind that as long as the price is above the channel we will see an uptrend continuation. The ATR(5) is only 33 pips, indicating stable and slow market conditions. Any move above 33 pips this week will mean a raise in the volatility of the pair.

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

 

GBP/USD Break Below 1.3000 Makes a Bearish Continuation Move

Dear Traders,

The GBP/USD is bearish. Below 1.3000 there is a potential for 1.2938, followed by 1.2893. Selling the rallies is the option now.

The GBP/USD has formed a bearish 1-2-3 pattern below 1.3000 and the channel. At this point, we should see a continuation below 1.2984 towards 1.2972 and 1.2938. Only a break of 1.2938 might make the price move towards 1.2893. Only the break of 1.3050 might bring the price in a potential uptrend again.

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

 

EUR/USD Failure of 1-2-3 Pattern Might be Bullish

Dear Traders

The EUR/USD is bearish. However, the failure of 1-2-3 pattern below the channel should make the pair bullish.

If we don’t see the market breaking below 1.1030, we should have a move to the upside. At this point we could see a potential for 1.1050 bullish break. Above 1.1050, targets are 1.1076 and 1.1108. The ATR(5) is only 43 pips, so we might expect a slower market. 1.1076 is the ATR projection for the day.

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

 

GBP/AUD The Trend Has Changed Watch For Selling On Rallies

Dear Traders,

The GBP/AUD bulls are currently defeated as the price moves heavily below all supports. Brexit caused an interim weakness in the pair.

If we see a retracement towards 1.9306 we could see the next drop towards 1.9250 and below. The 1-2-3 pattern is in play as the trend has changed to the downside and the entry has been activated. The entry is at the POINT 2 break. Targets are 1.9250, 1.9230 and 1.9197. Watch for 4h resistance around 1.9200.

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

GBP/AUD Ascending Scallop Hints For Uptrend Continuation

Dear Traders,

The GBP/AUD bulls continue with domination. I will be looking to buy the dips once the price makes a retracement to the POC zone.

If we see a retracement to the POC 1.9505-85, I will be looking to buy the dips. We should see an upside continuation towards the ATR high – 1.9861 as the first target. The next target is W H3 camarilla pivot – 1.9881. There is no interim monthly level to stop the price as monthly pivots have been re calculated. The Ascending scallop pattern is strongly progressing.

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

GBP/AUD Might Bounce From W L3 Camarilla

GBP/AUD is stronger then GBP/USD for the last few weeks. It is mainly due to AUD weakness. If the price drops to 1.9050-80 zone look for bullish patterns as the price might reject from the zone. Targets are 1.9250 and 1.9350. Have in mind that the GBP/AUD is a volatile pair as the ATR(5) is 131 pips. We might see big intraday swings so be ready.

GBP/AUD Might Bounce From W L3 Camarilla

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

GBP/USD 1.3050 is Crucial

The price is still being bought on the dips. The main event this week is the BOE rate decision and we might see a range bound market until the data is out. Above 1.3050 the target is 1.3125, while below 1.3050 the price might hit 1.2962. Bullish continuation will happen on a close above 1.3125 and targets are 1.3208 and 1.3290, while below 1.2962 the target is 1.2866. Pay attention to the price action around these important levels.

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

GOLD Extremely Bullish Pushing Towards 1611 Retest

1560  zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible renewed bullish pressure. The first target is 1586- W H4 camarilla pivot. A 4h close above and we should see 1594-1600. Any breakout above 1600 implies a 1611 retest. If the market drops below 1560, watch for 1554 zone for a possible bounce.

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

GBP/USD Adam and Adam Pattern Suggests Further Move Up

As long as the market is above 1.3100 the GBP/USD is very bullish. We can see that the breakout happened exactly at 1.3100 and 1.3150 slowed it down. In order to proceed further up, the pair needs to break 1.3150. Targets are 1.3174 and 1.3200. On 4h time frames dips towards 1.3050 suggest buying opportunities.

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

AUD/USD Selling on Rallies Towards M L3 Camarilla

As we can see from the chart, the pair is still bearish. We can also see a big head and shoulders pattern which cues for a continuation lower. Below 0.6853 targets are 0.6820 and 0.6808. A move lower towards 0.6765 might be possible next week as the ATR(5) is only 36 pips, indicating slow market. Only above 0.6933 the trend will change.

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