Sunday 30 October 2016


AUDUSD, WEEKLY
TECHNICAL ANALYSIS

The momentum/speed on the upswing marked 2 is much weaker compared to the previous upswing momentum marked 1. This gives the pair a bearish bias. Close below blue trendline marked B can lead price into the previous major support zone around 0.71068 marked S. Close above R disqualifies the setup.





Thursday 27 October 2016



NZDUSD, WEEKLY
TECHNICAL ANALYSIS

The pair gave off a quick sell for more than a month after a strong reaction from the R resistance zone showed by rejection of prices indicated by the pin bar.

The price is now reacting to previous support zone held by trendline X. Close below X can lead price into support zone around 0.68975 marked T. Close below T may lead price into the S zone around 0.66220. Close above R disqualifies the setup.



Sunday 23 October 2016


XAUUSD, H4
SHORT TERM TECHNICAL ANALYSIS

Gold is now reacting to a previous support zone also marked by a 21 Simple Moving Average on the 4-hour chart. Close below trendline T can lead price into support zone marked S around 1250.472. Close above resistance R around 1274.655 disqualifies the setup.