Gold spiked higher after the NFP but despite this bullish run, our wave count is pointing lower. The reason is structure from 1652 which cannot be counted impulsively, therefore we think its a complex corrective move with another possible test of 1683 before larger downtrend resumes.
Stokcs, Metals, Energy, Forex, Crypto
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
-
Pivot: 78.65. Our Preference: LONG positions above 78.65 with 79.05 & 79.15 in sight. Alternative scenario: The downside penetratio...
-
Pivot: 0.96. Our Preference: SHORT positions below 0.957 with 0.952 & 0.95 in sight. Alternative scenario: The upside penetration o...
-
Pivot: 1.2745 Our preference: Long positions above 1.2745 with targets @ 1.283 & 1.2905 in extension. Comment: the pair is facing a...
