Mihai_Iacob

Mihai_Iacob

Last week was very bad for Silver, erasing 5 weeks of gains, and losing approx 1.5usd of its value. From the technical point of view, Silver broke the ascending trend line that maintained the price from the beginning of June and also the horizontal support, both laying around 17.50 and now the price is also under the last low of 17usd. We believe the price would...

Mihai_Iacob

AudCad is in a very strong downtrend for many years now. After reaching 0.89 the pair tried to recover in the past 3 months but faced STRONG resistance at 0.91 figure, old support which held over the years. Now the pair seems like its resuming its downtrend and we can expect a test of support in the next week or so. Only a daily close above 0.9100 figure will...

Mihai_Iacob

Yesterday EurUsd tried to regain ground and to rise above support. Sellers came into the market and the pair close the day in the lower range. A weekly close under 1.1050 gives us reason to sell towards 1.0950 support

Mihai_Iacob

Yesterday, Gold violently broke the support line that lies at 1480 and stoped on short term support at 1460. A break of 1460 would expose 1450 zone which also coincides with Fibo 38% Strategy: Sell rallies for 1450 TP A daily close above 1480 negate this scenario

Mihai_Iacob

NzdUsd is sitting on the support provided by the trend line drawn from 0.62 low and horizontal support line. A weekly close under this support will confirm flag formation and give us reason to sell towards 0.62 Strategy: Sell on break of support SL @ 0.6420 TP @ 0.6250

Mihai_Iacob

EurAud broke the trend line support 2 days ago and now is sitting on the horizontal near term support. A break here would expose 1.59 support

Mihai_Iacob

Gold is having a hard time staying above 1500 figure and it seems it still has to correct. A break of 1480 support can expose 1440-1450 support zone, which also coincides with 38% Fibo of the previous leg up. Strategy: Sell on break SL above 1500 TP @ 1450

Mihai_Iacob

GbpChf is consolidating in a very tight range. We believe that a next leg up is coming and the pair would reach 1.3 in the medium term. Strategy: Buy when the price closes above 1.2820(daily close) SL @ 1.27 TP @ 1.30

Mihai_Iacob

AudJpy is trading above former resistance and is formed an ascending channel. We consider that the rise will continue and the major resistance will be reached soon. Buy @ 75.130 SL @ 74.500 TP @ 76.000

Mihai_Iacob

After it broke the resistance level of 0.69, AudUsd put in a series of reversal candles, a false break could be in place and the pair could fall to 0.68 support. Sell @ 0.6880 SL @ 0.6940 TP @ 0.6800

Mihai_Iacob

EurChf is in a clear downtrend for more than a year and a half. In this period it declined by more than 1000 pips. Recently found support around 1.0850 area, formed a double bottom and started to rise. The neckline of the pattern was broke but the pair couldn't sustain the break and reverse. A false break could be in place now and the pair could fall to 1.0850...

Mihai_Iacob

After a violent drop from 0.9 figure, EurGbp is consolidating in a very tight range of about 50 pips. The market looks heavy and we can expect a break of the range support. A daily close under 0.86 gives us reason to be bearish and could expose 0.85 psychological level. Sell on break SL above 0.8670 TP @ 0.85

Mihai_Iacob

0.6350 zone needs to hold for a bullish bias for this pair. After a low at 0.62, NzdUsd rose to form a series of higher lows. The pair reached resistance at 0.6450 and declined aggressively. Now NzdUsd is trading at the confluence of horizontal and trend line support which needs to hold in order for the pair to maintain its newly formed uptrend.

Mihai_Iacob

EurJpy is consolidating well above the psychological level at 120.00. We can expect a next leg up with the target around 123 resistance. Buy @ 121.10 SL @ 119.90 TP @ 123.00

Mihai_Iacob

After the double bottom around 0.65, AudChd rose steadily, and now is facing resistance at 0.683-0.684. We believe that this resistance will be broke and the pair will rise towards the next major resistance at 0.6850. A drop below 0.6780 will negate this scenario. Our preference: Buy @ 0.6830 SL @ 0.6780 TP @ 0.6950

Mihai_Iacob

EurUsd is flirting with short term resistance laying at around 1.1180. A break here would expose 1.1250 resistance. A daily close under 1.1050 would negate this scenario

Mihai_Iacob

On 21.10 EurNzd broke under rising wedge pattern support and dropped to the next support at 1.73. This drop was followed by a correction and a confirmation of 1.75 being a new resistance. Now the pair is trading under 1.73, and a daily close under this support would expose 1.72 followed by 1.705-1.71 area

Mihai_Iacob

Last week AudUsd broke 0.6880 resistance and is trading well above it. Also, this resistance coincides with the neckline of a double bottom formed in 0.67 area. We believe that the pair will maintain its uptrend towards at least 0.7. The measured target for the double bottom formation is around 0.71