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.

 

GBP/USD Getting Close to Confluence Zone

The GBP/USD is close to its POC zone. 1.2454 is important level as it will be make it or break it for the pair.

A bounce off the zone should be targeting 1.2510, 1.2550 and 1.2590. In the case the pair breaks below, then watch for 1.2418, 1.2390 and 1.2360. Have in mind, that the GBP/USD is still in uptrend but intraday price action at the end of the last week was bearish. W L3 camarilla 1.2454 is important level and the weekly supporting zone. If 1.2454 fails, prepare for further bearish action.

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 Retracement Suggests Further Downside

The EUR/USD has rejected from 1.1400 zone three times and we could see a continuation of the bearish movement if the price rejects from the POC.

The POC zone 1.1300-10 is the potential rejection point. The market briefly tested 1.1275 during Asia session so we should see a continuation below. Targets are 1.1250 and 1.1213. Only a close below 1.1210 should suggest further downside to 1.1135. A close above 1.1370 might instill a bullish move and bears will probably lose the upper hand.

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

Gold has made a big bullish bounce after the FOMC statement yesterday. Dovish FED helped the bullish move and the price bounced off W H3 camarilla pivot.

Safe haven flight into GOLD just continued the prolongued Gold uptrend. We can see that the dip has been bought and the price is getting close to M H3 level. In this scenario, bounce is possible at 1705 and 1726 towards 1755. If the price gets to 1755-60 we might expect a pullback towards 1726 again. Watch for price levels and reactions in the zone.

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/AUD Retracement is Coming

The GBP/AUD has formed a retracement pattern and if the bullish momentum persists we should see higher levels hit.

The pair has been supported above 1.8225 zone. However, we couldn’t see a clear bullish momentum above W L3 level. In that case a new bullish momentum might spark further upside above 1.8320. If 1.8220 zone fails, the pair might drop to 1.8165 and that will end the retracement higher and might put the pair in another downside extensional move.

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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 Drop Below 1.1200 is Possible

The EUR/USD has started a retracement from the overbought area. We might see a complete reversal if the price breaks below W L3 camarilla.

The EUR/USD inability to proceed above the 1.1330 has initiated a drop from the POC zone above. 1.1265-75. The overbought condition has been confirmed. The trade was initiated at the red candle close. Targets are 1.1213 and 1.1135. Below 1.1097 is possible too. Final weekly target is 1.1025 but we need to have additional bearish momentum.

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 Huge Rally Could Come to a Stop

The EUR/USD has rallied towards 1.1390 zone after yesterday’s ECB. The EUR/USD has rallied for a ninth consecutive day.

The euro was the big mover on the day as the price rallied above 1.1300 reaching 1.1360. We are in the zone of deep retracement – 78.6 % and 88.6% fib of March Swing low. We should see bears selling the price or cashing out of long positions. 1.1360-95 zone should provide relief and the price should go down. Targets are 1.1240 and eventually 1.1167 during next week. Today its also NFP which could provide boost to USD on better than expected results.

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 Retracement From M H4/W H5 Levels

Dear Traders,

The EUR/JPY has started a retracement from the confluence of two important camarilla pivots. We might see a move lower.

122.55 – 65 zone is showing new bears which might be taking over bullish trend. The price has started to move lower and this is a retracement. M H3 121.18 and W H4 121.22 are the first possible retracement targets. If it breaks lower then pay attention to W H3 – 120.45 which could be the final target. Only a close above 123.00 could invalidate this 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.