Mihai_Iacob

Mihai_Iacob

After reaching a maximum of 1555, gold dropped to 1460 in a corrective manner. We believe this correction is over and a new leg up is coming. At the moment the gold is trading above the psychological level from 1500 and above the downward trend line that offered resistance until yesterday. Buy dips around 1500 could be a good strategy, at least a retest of 1550...

Mihai_Iacob

WTI(USOIL) found a very strong support above 50.00 area. Two days ago broke short term resistence at 55.00 and is trading at 56.00 now. We belive OIL will trade upwards in the next few days, towards 57.50. Buy dips could be a good strategy with 56.00 as support.

Mihai_Iacob

After a perpendicular drop of more than 400 pips, EurGbp found support just under 0.86. Now the pair is consolidating and a correction could follow towards 0.88. Also, a long position now could have 1:3 R:R

Mihai_Iacob

After a run from 1275 figure to 1550. Gold corrected and consolidated. We belive we will assist to a next leg up above 1550. A close above 1500 will confirm this scenario

Mihai_Iacob

NzdCad found strong support around 0.8250 and formed a double bottom. The neckline of the pattern is lying around 0.8450. A break here would expose 0.86, the measured target for the double bottom, with a stop @ 0.85 zone

Mihai_Iacob

AudChf broke the trend line resistance and now is just under the horizontal line resistance lying around 0.68. A break here could expose 0.6950

Mihai_Iacob

EurNzd broke rising wedge support. A close under this line will expose 0.72, rising wedge target

Mihai_Iacob

EurNzd has formed a rising wedge formation in the last months of trading. A top could be in place confirmed by a break of the rising trend line support. 1.71 and 1.70 could be targets.

Mihai_Iacob

As said a few days ago, we expect EurJpy to break 120.00 resistance. Now the pair is trading well above this psychological level that can become support. We are trying to buy around 120 for a target of 123.00

Mihai_Iacob

0.67000 is a very strong base for AudUsd. The pair is trading above short term resistance at 0.68 and could run towards psychological 0.7 level in the next few days.

Mihai_Iacob

NzdUsd found strong support at 0.6250. Today it cleared the first resistance at 0.6350 and could run around 0.65 figure in the next few days.

Mihai_Iacob

GbpUsd rose 600 pips in the last 10 days. The uptrend looks clear and 1.27 figure could be strong support. We are trying to buy around this zone with 1.3 figure as target

Mihai_Iacob

EurUsd broke the descending trend line and is trading upwards. Buy dips under 1.11 for a 1.12 target could be a good strategy

Mihai_Iacob

NzdUsd found a strong base around 0.6200. We believe that the medium-term trend is changed and we are heading towards 0.6500 figure.

Mihai_Iacob

EurUsd broke the descending trend line of the channel that contained the pair in the last 4 months. We believe that the near term trend is changing and we can see the pair moving towards 1.12 figure

Mihai_Iacob

EURAUD put a double Pin Bar formation in resistance, it could drop till the first support at 1.6250 followed by 1.6100

Mihai_Iacob

Gold is making higher lows from 2016 and it looks like will broke resistance soon. On the long run, 1500 could be the target.

Mihai_Iacob

After a false break, EurNzd tried to break resistance, again, and failed, again. I favor shorts towards 1.69 area