Canadian Dollar Flexes Muscles

The GBPJPY is in a triple top formation and a divergence on MACD and RSI. There’s a very promising short but before that happens sellers need to break the neckline of this pattern.

The AUDCAD broke the neckline of the inverted head and shoulders formation and later tested it as a closest support.

The EURCAD bounced off a crucial horizontal resistance with two shooting stars. That’s usually very pessimistic.

The Canadian Dollar Index is in a false breakout from the head and shoulders formation. That is promising for the CAD.

The USDCAD bounced off long-term down trendlines and broke the lower line of the rectangle.

The USDJPY is possibly in a very dangerous bearish reversal.

The AUDUSD denied the long-term sell signal and is aiming lower.

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

Australian Dollar On The Rise

Gold traders are fighting to keep the bullish dream alive and they’re trying to create the right shoulder of the Inverse head and shoulders pattern. A breakout of the neckline can possibly bring serious bullish sentiment.

Silver bounced from a crucial support on the 24.8 USD/oz.

Brent oil broke the mid-term down trendline and is aiming higher.

The Dow Jones is in the third wedge pattern in a row. The previous two ended in an upswing.

The EURUSD climbed back above the 23.6% Fibonacci.

The GBPUSD wasted a great chance for an upswing and failed to break the neckline of the inversed head and shoulders pattern.

The AUDUSD on the other hand, is very close to activating the buy signal from its own inversed head and shoulders formation.

The USDCAD is locked in a tight rectangle below major down trendlines.

The GBPAUD is in a sweet long-term sell signal, after the price created a head and shoulders pattern at the end of the wedge. A breakout of the lower line of the wedge opens a way towards new mid-term lows.

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

Gold Extends the Drop

Gold extends the bearish correction giving chance to bulls, who missed the initial buying opportunity from the beginning of the month.

Silver bounces from a crucial mid-term horizontal support.

Brent Oil breaks the upper line of the triangle but the breakout itself is not very convincing.

Indices are ready to make another all-time highs.

The GBPUSD testing the neckline of the mid-term inverse head and shoulders pattern.

The AUDUSD with a flag just below the neckline of the H&S pattern.

The NZDUSD with a very similar situation.

The USDCAD consolidates below crucial long-term down trendlines.

The GBPAUD breaks two major short-term resistances but the main sentiment still looks rather negative.

The EURRUB stays bullish despite two dangerously looking shooting stars on an important horizontal resistance.

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

Traders Take Profits on Precious Metals

After a sweet bounce, gold finally reached a crucial horizontal resistance and started a small correction.

Silver broke the lower line of the wedge and is aiming for an important horizontal support.

Brent oil is in a sideways trend waiting for a breakout to give us a proper direction.

The DAX is inside a correction pattern, getting closer to another strong buy signal.

The Dow Jones is already done with waiting and has started aiming higher.

The GBPUSD is on its way to test the long-term up trendline.

The GBPAUD tested the neckline of a bog head and shoulders pattern and created a shooting star which is a rather bearish sign.

The EURRUB is aiming lower after the price escaped from a flag and broke the neckline of the inverted head and shoulders pattern.

Precious Metals Keep Shining

Gold is not slowing down and continues to aim higher in an extremely handsome bullish price action setup.

Silver isn’t far behind and is moving higher after breaking the mid-term uptrend line.

The EURUSD is aiming for the 23,6% Fibonacci after bouncing from 38,2%.

The GBPUSD is in a big flag formation. Breakout to the upside is very probable.

The EURPLN is showing us how great false breakouts can be. The price collapsed after a fake rise above the horizontal resistance of 4.63.

The AUDUSD is in a long-term head and shoulders formation and a short-term inverted head and shoulders. Which one will win?

The USDCAD has slowed down below two major downtrend lines.

The NZDCHF’s sentiment is negative after the price dropped below the long-term up trendline.

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

Gold Climbs Higher After Extremely Handsome Price Action Setup

Gold is marching higher after one of the most handsome price action setups ever.

Silver also joins the bullish party and denies the Head and Shoulders pattern.

The EURUSD climbed higher after the Inverted Head and Shoulders bounced from the 38,2% Fibonacci.

The USDCHF is in a correction mode aiming for the crucial support of 0.93.

The EURPLN dropped lower after a false bullish breakout from the ascending triangle.

The USDCAD is very close to ending a long-term bearish trend.

The GBPCHF is seeing a very sweet drop, which has a great chance to be one of the best trades in terms of risk to reward ratio.

The NZDCHF fell after the price ended a flag pattern with a head and shoulders pattern. A test of the up trendline seems imminent.

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

Weaker Dollar helps Gold to Stay Above Crucial Support

Gold is testing the ultimate long-term support again. This time, we do have a chance for a double bottom formation.

Silver is in a slightly worse situation as we are still quite far from crucial supports and a lot can happen in the meantime.

Indices are climbing higher like there is no tomorrow.

The EURUSD with a bounce from the 38,2% Fibonacci. That can be the end of USD strength.

THE USDCHF is possibly starting a bearish correction as the price is currently drawing the shooting star on a daily chart.

The GBPUSD is reversing, which is denying a quite sweet sell signal from yesterday.

The NZDCAD breaks the lower line of the flag and aims lower.

The EURPLN stays above the upper line of the triangle proving that this pattern is super effective.

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

Inverse Head and Shoulders Everywhere Saving the Bulls from Losses

Silver defends crucial horizontal support with a hammer and possibly, inverse head and shoulders pattern.

Brent Oil also tries to create the iH&S formation. Buy signal after the breakout of the neckline.

Dow with V-shape reversal and the bullish breakout of the upper line of the flag. That is bullish.

DAX with a very similar situation. All-time highs are very close.

The USDCHF continues the surge after a beautiful iH&S pattern.

The GBPUSD is testing crucial resistance. A bounce would bring us a very strong sell signal.

The EURPLN is breaking a very strong horizontal resistance. That can be very bullish.

The NZDCHF bounces off a crucial horizontal support with an Inverse Head and Shoulders pattern. Price action at its finest!

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

USD Flexes Muscles Again

Gold although after a bullish bounce, is still struggling to increase the bullish momentum.

Silver is aiming to test the ultimate support at 24,8.

Brent Oil is in a possible false bearish breakout.

The DOW is moving higher after a breakout of the upper line of the wedge pattern.

The DAX is still above the major support level of 14550.

The EURUSD fell after a definite breakout at the 1.1960 resistance level.

The USDCHF is aiming higher after the price broke the 28,2% Fibonacci.

The GBPUSD fell after major supports surrendered to the bearish invasion.

The EURPLN is in a ascending triangle pattern which is bad news for the PLN.

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

Gold Finds the Ultimate Support

 

Gold meets the ultimate horizontal support and bounces from it with a confidence.

Silver comes back above the uptrend line.

Nasdaq denies the head and shoulders pattern.

DAX trades confident around the all-time highs.

The EURUSD meets a very promising resistance but the bullish momentum looks strong.

The AUDUSD aims higher after the inverse head and shoulders pattern.

The USDCHF drops after the price creates a head and shoulders pattern on the 38,2% Fibonacci.

The CHFJPY enjoys the ride north after the false bearish breakout.

The USDMXN tests very promising support but so far, there is no sign of any bigger demand.

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

Bears Dominate the Indices and Metals

 

Gold is slowly but surely aiming for the 1680 USD/oz support level.

Silver is aiming to break the 26 USD/oz support level.

The NASDAQ is in a head and shoulders pattern.

The DAX is in a shooting star pattern on the daily chart, while flirting with all-time highs.

The AUDUSD is defending its major, long-term uptrend line.

The NZDCAD is in a negative sentiment after a false bullish breakout.

The CHFJPY is breaking a crucial, long-term horizontal support at 116.2.

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

Sellers on Gold Have Appetite for More

Buyers on Gold struggle to hold above the crucial support on 1765 USD/oz. If broken, the target is on the 1680 USD/oz and in theory, this level looks extremely solid.

Nasdaq finishes the head and shoulders pattern and is ready to break the neckline.

DAX is still fighting on pre-Covid February highs.

EURUSD with a sharp reversal but still with a positive sentiment.

NZDCAD with a potential very dangerous false bullish breakout.

EURCHF corrects the recent surge.

Two safe haven currencies, CHFJPY test the 117.7 again. As long, as we stay below, the sentiment is negative.

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

Did Elon Musk Tweet Anything About the Euro?

Experts say, that fundamentally, many traders are anticipating rates to increases soon. Furthermore, investors are pricing in the swift recovery in the Euro Block nations.

The first instrument is the main currency pair, the EURUSD. Here, we have a beautiful inverse head and shoulders pattern. At the beginning of the week, the price broke the neckline of this pattern and later used that neckline as a support. The upswing from today’s morning, gave the ultimate confirmation and left no doubts about the long-term direction for the pair. In the short-term, we can expect a small bearish correction but in the long-term, the sentiment is definitely positive.

Now the EURCHF, where the pair is so far having one of the best weeks on record. It all started with a breakout from the symmetric triangle pattern and a breakout from the horizontal resistance at 1.087. What happened next is just pure momentum, and stop losses-activation, spiced up by the general weakness of the Swiss Franc. In the short-term some form of a correction can happen but in the long-term, the sentiment is very bullish.

I will finish this with the weekly chart of the EURJPY, where the price is above two major supports. The first one is the broken downtrend line, which was connecting lower highs from 2014 and the second one is at 127, which was respected many times as a support and resistance since 2015. As long as the price stays above those two supports, the long-term sentiment remains positive.

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

Swiss Franc in Troubles

Gold holds above the 1765 USD/oz.

Silver on it’s way to test crucial horizontal resistance.

Nasdaq traditionally with a V-shape reversal.

DAX bounces of previous bull market highs and aims for the ATH.

The EURUSD pushes higher after the breakout of the neckline and the horizontal resistance.

The USDCHF with a long-term buy signal after major bullish breakout.

The EURCHF surges after price broke the key horizontal resistance.

The EURPLN escapes from the rectangle and aims for new mid-term highs.

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

Commodities Rise as Dollar Falls

Gold bounces off the 1765 USD/oz support.

Silver also goes higher after bouncing off an important dynamic support.

The Nasdaq tests the mid-term up trendline.

The DAX is in a daily hammer, so far…

The EURUSD is a few steps from a major buy signal.

The USDCHF bounces off a dynamic and horizontal support.

The NZDCAD is currently attacking a major horizontal resistance, getting ready for a long-term buy signal.

The USDCAD price is in a inverse head and shoulders pattern for the second time in 5 days.

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

Indices Ready to Set New All-Time Highs

Gold bouncing of 38,2% Fibonacci and creating a head and shoulders pattern. That can be negative.

Brent is continuing the buying fiesta.

Nasdaq is ready to set new ATH.

DAX breaks the upper line of the wedge and aims for the new highs.

The EURUSD escapes from the wedge too and also climbs higher.

The AUDUSD escapes from the flag and the tests the broken resistance as a support. Definitely a bullish attitude.

The USDCHF drops below crucial horizontal and dynamic supports. This is not good for the demand.

The NZDCAD still below crucial long-term horizontal resistance. Interesting occasion for short.

The NZDUSD with a very similar setup to AUDUSD but in this case, instead of a flag, we do have a pennant.

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

Gold Disappoints While Oil and Indices Climb Higher and Higher

Gold dropped and is aiming at the 1765 USD/oz level.

Oil, on the other hand, seems to be aiming for the stars.

The DAX is in a bullish engulfing pattern on the weekly chart that looks great for buyers.

The EURUSD has dropped significantly before bouncing. Most likely the price will test the 1.206 resistance level.

The AUDUSD is aiming higher after an inverse head and shoulders pattern.

The USDCHF met a strong horizontal resistance after a nice upswing caused by the iH&S formation.

The NZDCAD is still below the crucial resistance level of 0.923.

The USDCAD in a pennant, waiting for a breakout.

The NZDUSD is in the same situation. The price will potentially see a big move ahead.

The EURGBP has dropped like a rock after the price created a massive head and shoulders pattern.

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

Are Indices Starting the Descent?

DAX moving sideways without a clear direction.

Nasdaq with a potential triple top formation.

SP500 collapsing dangerously towards uptrend lines.

Commodities going lower.

EURUSD ends the flag and breaks its lower line.

GBPUSD tests the 1.37 as a support.

GBPJPY is doing the same but with 142.2.

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

Indices in Europe Start This Week With a Correction

American Indices continue the buying fiesta.

European indices, on the other hand, undergo a bearish correction.

Gold tries to create a right shoulder of the inverse head and shoulders formation.

EURUSD pair continue the correction inside a flag formation.

GBPUSD pair drop below 1.37 again.

AUDCHF with a triple top formation but so far without a proper sell signal.

GBPJPY bounces from the 142.2 again.

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

Dollar’s Weakness is Back

Gold creates a double bottom formation with two hammers on a daily chart.

Nasdaq and DAX bounce from the upper line of a correction pattern.

Dollar index cancels the Inverse Head and Shoulders and drops lower.

EURUSD starts bullish correction.

AUDJPY is heading higher after testing the neckline of a giant iH&S pattern.

USDCHF bounces from the neckline and drops lower with a proper sell signal.

CADCHF goes lower after the false bullish breakout from the symmetric triangle.

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