There uncertainty in Russia and relation between kremlin and Wagner is sour, this can results in high volatility and specially on energy sector and precious metals. if the situation is not contained quickly, I believe that on Monday the price of the Natural gas will jump due to uncertainty, it might reach 3.5 or 4.0. Please be careful with volatility
There uncertainty in Russia and relation between kremlin and Wagner is sour, this can results in high volatility and specially on energy sector and precious metals. If the situation is not contained quickly, I believe that on Monday the price of the oil will jump due to uncertainty, it might reach 85-90. Please be careful with volatility
The USD/JPY is reaching a resistance level, if the resistance holds it might go down. TP1: 125 TP2 : 120 TP3: 117 SL: 145.50 The situation in Russia is not great this might lead to high volatility
The USD/JPY broke the 140 level and reached 140.80, which located around resistance level 141-142. Previously the pair has pulled back twice when it touched that trend line. With overbought RSI and NFP around 300K, the par might pull back to a support level around 124.00. The upcoming CPI and FED rate hike will have a huge impact on the next move. If the CPI does...
The CHF/JPY have formed a reversed H/S and the pattern have broken the neckline around 142.40. The pair might retest the neckline and if it hold above 141.80, then there is chance that it will target 146.00-147.50.
The USD/JPY might finish the upward correction and start reversing soon. This will be cancelled if the price close above 140.00. This is the final leg of wave c of wave 4. The target should be around 129.30-126.50.
The USD/RUB have formed Head and shoulders, if the tension in Ukraine ease and the daily price breaks and close below 73.00. The pair might reach 72/71 before rebounding and touching the neckline around 73.50 and then goes down to around 68.00/66.00
The GBP/USD has broke the neckline and it is going to touch again (1.3800) and then it might reverse. If the daily candle close below the neckline, the pair might go down and touch the support around 1.335/1.33.
The AUD/USD broke the neckline and it is now retesting it as predicted from previous analysis. Thus, the weekly reversal might occur soon, so be ready.
The AUD/USD has broke the neckline as expected (see the previous analysis), the pair might start reversing and touch the neckline and then continue down targeting 0.72/0.715 .
There is a strong support around $1720,the gold might touch it and bounce back. Only go long, if the weekly candle close above the supporting line.
There is H&S on weekly chart, short the AUD/USD after it break the neckline (0.7550) and close below it on weekly candle. The pair will target 0.7200. The AUD/USD is oversold this week, so the chance to break this neckline this week is highly unlikely to happen.
The EUR/CHF might go higher only if it close above support line 1.086/1.083.
If the AUD/USD breaks the neckline and closes below it on daily candle. It might rebound and test the neckline, and then going down to 0.7590.