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Gold has had quite an exciting few weeks. Now, it is looking to correct it’s price for being too high. From the 4H, Gold has retested the region of 1562 to 1557 liquidity region from which the bulls took off from before. Having closed with a 3-pin formation. It is almost certain that Gold will fall into the region of 1532 Daily level. However, Gold may retest at...

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Long-term bias: 1.329 is an interesting level for GBPUSD on the weekly. There had been multiple taps into this level and a huge reaction in terms of price from 1.329. Currently, GBPUSD is on an upward momentum. From the recent highs and recent lows on the daily, a Fib retracement suggests that the pair is bullish. If the pair closes above 1.317 on the daily. There...

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From the monthly, GBPUSD had been on a downtrend since 2014. From the weekly, the second previous lower high had the ranges of 1.3300 to 1.33800. GBPUSD made a new higher high later that around 1.35 level but couldn’t close above 1.338 level. This signifies that there are a high volume of sellers at 1.35 level pushing the price down. Perhaps it was due to the...

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GBPJPY has been on a bull run on the Monthly for the past 3 months. The long wick for this month's candlestick seemed to speculate that GBPJPY is losing it's bull momentum but GBPJPY just needed some space to breathe before continuing to the upside. In the Daily, it broke out of the consolidation range of 138.8 to 141.5 and proceeded upwards, creating higher...

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Green Regions: Monthly levels Red regions: Daily levels Daily trend suggests that Oil will rally up into the range of 64-66.5. However, it will first take a retest around the region of 58.0. The region of 58 is a past resistance turned support level. Then continue the daily trendline up north to the regions of 64-66.5. However, keep in mind that Oil is on an...