GOLD trading recommendation

GOLD - H4 chart

Gold is in bearish mood. Further decline is the most probable scenario now. If it closes below 1176.75, set your targets to 1170.50 and 1160 next. If Gold chooses this option, keep your stop loss tight when it reaches 1165 level.
I wouldn't recommend buying now, but if it remains above 1176.75, it's possible that it gains up to 1187. There's nice retracement level, where the good oportunity for opening short position occurs. If it fails to break 1187 level set targets 1176.75 and 1170.50.

GOLD - H4 chart

GOLD	Trading conditions	Targets
SELL	Sell when Gold closes below 1176.75	T1 1170.50 T2 1160
SELL	Sell if it gains but fails to break 1187 level	T1 1176.75 T2 1170.50
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GOLD trading recommendation

GOLD - H4 chart

Gold remains in the narrow consolidation zone, still being undecided which direction to choose. If it breaks above 1201 resistance it should gain up to 1213 and 1220. If it fails to break this line and falls below 1192 support and breaks the current uptrend line, the way towards 1186 and 1176 is open

GOLD - H4 chart

GOLD	Trading conditions	Targets
BUY	Buy after breaking above 1201 level	T1 1213 T2 1220
SELL	Sell after breaking below 1192 level and current uptrend supportive line	T1 1186 T2 1176
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EUR/USD trading recommendation - weekend analysis

EURUSD - DAILY chart

After last week's decline Eur/Usd has remained under bearish pressure. If it continues this direction it should reach 1.2170 level very soon. Next target would be 1.2050 then. The opposite scenario assumes that Eur/Usd breaks above 1.2270. The movement towards 1.2375 is expected then. Breaking this level would lead Eur/Usd up to 1.2530, where it would face the downtrend line and stronger resistance.

EURUSD - Daily chart

EUR/USD	Trading conditions	Targets
BUY	Buy after breaking above 1.2270 level	T1 1.2375 T2 1.2530
SELL	Sell if it fails to break 1.2270 resistance level	T1 1.2170 T2 1.2050
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EURUSD weekend review and trading scenario

EURUSD - H4 chart

It was an interesting end of the week on Eur/Usd. First, it failed to break above 1.2460-1.2485 resistance zone and fell down below the trend line. It didn't take long when it moved up again and closed the week above the broken trend line. Although it didn't manage to get above 1.2485 again, but I think, the uptrend scenario is most likely now. I expect it would get to 1.2530 and 1.2575 next. However, if the market open is not so positive and Eur/Usd loses some pace, then you should consider opposite scenario. Then movement towards 1.2400 is likely, but further decline would require stronger factor.

EURUSD - H1 chart

EUR/USD	Trading conditions	Targets
BUY	Buy after correction and the uptrend line is saved	T1 1.2530 T2 1.2575
SELL	Consider selling if it fails to break 1.2485	T1 1.2400 T2 1.2365
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EUR/USD is in crucial moment now

EURUSD - H1 chart

This is in very crucial moment for Eur/Usd. This will show how the week closes and what we can expect in the next one. After breaking the downtrend line it failed to break 1.2485 resistance, formed double top and now it's at the former trend line again. The support at 1.2420 stoped further decline , but if it fails it may expand to 1.2390 and next to 1.2365. If the support will be saved we should expect bounce up to 1.2485 again. In this option, reaching 1.2530 level is also very likely, if the pace would be strong enough.

EURUSD - H1 chart

Trade recommendation

Buy if the 1.2420 and trend line is saved. Consider selling if it's broken. Target levels: T1: 1.2485 T2: 1.2530 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2420 1.2390 1.2365 Current resistance levels 1.2455 1.2485 1.2530

EURUSD consider buying option

EURUSD - H1 chart

After reaching 1.2365 resistance, the rate bounced down. It's likely it will fall more, but if this short term uptrend movement is to be kept, it should regain its power around current trend line. Consider opening long positon on Eur/Usd if it bounced up from the trend line. The rate must stay above 1.2330 support.

EURUSD - H1 chart

Trade recommendation

Buy if the price falls to the trend line and 1.2330 support is saved Target levels: T1: 1.2390 T2: 1.2420 for strong pace movement Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2330 1.2300 1.2260 Current resistance levels 1.2365 1.2390 1.2420

EURUSD is struggling to find its way

EURUSD - H1 chart

Yesterday eur/usd made a strong upward movement. It stopped on 1.2450 resistance, and now is preparing for the next move within 1.2350 - 1.2390 consolidation range. If it breaks 1.2370 and 1.2390, the further way up to 1.2450 shall be opened. Although it's still in bearish mood, upcoming hours will determine if it follows the scenario. If so, the targets are set on 1.2420 and 1.2450. Then it'll meet the downtrend line which may hold it for a while, but you can expect the rise even up to 1.2485 if the pace is powerful. You should observe the situation and consider opening long above 1.2370. The other option is that upocomming hours extend the decline - than prepare to set long around 1.2320 level.

EURUSD - H1 chart

Trade recommendation

Buy above 1.2390  Buy around 1.2320   Target levels: T1: 1.2420 T2: 1.2450 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2365 1.2320 1.2300 Current resistance levels 1.2390 1.2420 1.2450

GOLD - weekend review and trading plan

GOLD - Daily chart

Gold has reached the major resistance at 1354 level. Now it looks like that it can expand its downward movement.

GOLD - Daily chart

GOLD - H4 chart

Gold is still moving within uptrend channel. After hitting resistance at 1354 it's strongly declined and formed double top. I expect it'll decline more this week. Although now it's moving up, I think that around 1345 it'll bounce down. My trade plan is to set sell position near that area with 1331 and 1320 as targets.

GOLD - H4 chart

Trade recommendation
Sell around 1345  Target levels: T1: 1331 T2: 1320 Current support levels 1330 1319 1308 Current resistance levels 1345 1354 1374

USD/CAD - trading plan for a nice profit

USD/CAD - H4 chart

The price has been falling recently, but after hitting 1.1035 support it bounced upward and returned over previous uptrend line. Usd/Cad is still within latest consolidation zone (1.1035-1.1120) but i think it will break above soon. Trading plan is to set long position around 1.1075 with 1.1150 and 1.1210 as targets. For more secure option you may wait until the candle closes above 1.1120

USD/CAD - H4 chart

Trade recommendation
Set buy order around 1.1075 or buy when it breakes above 1.1120 Target levels: T1: 1.1150 T2: 1.1210 Current support levels 1.1035 1.0950 Current resistance levels 1.1150 1.1220

What about GOLD? Trading recommendation

GOLD - Daily chart

Gold failed to break above the downtrend channel. It bounced from 1267 resistance and returned below the trend line. Now it's heading towards 1231 and if decline continues it should hit 1218.5 level.

GOLD - Daily chart

GOLD - H4 chart

Gold is still in the uptrend, but last declines suggest that this wave may be over. At the end of the week it hit the uptrend line. The support at 1237.50 was defended, but I expect it'll be broken very soon. So, in this week I predict downward movement towards 1228 and 1218.50.

GOLD - H4 chart

Trade recommendation
Sell limit around 1248.50 or sell when it breakes bellow 1237.50 Target levels: T1: 1228.50 T2: 1218.50 Current support levels 1237.50 1228.00 1218.50 Current resistance levels 1254.50 1267.00 1278.50

EURUSD rebound - Technical analysis and trading recommendation

EURUSD - H1 chart

After hitting the lower bond of its downtrend channel Eur/Usd rebounded rapidly.
It's still in consolidation phase and failed to break the downtrend channel, but I assume it will extend its gain up to 1.3715 and 1.31730 further. 

EURUSD - H1 chart

Trade recommendation
Buy ater correction  around 1.3650 or later if the upward pace is sustained Target levels: T1: 1.3715 T2: 1.3730 Current support levels 1.3628 1.3602 1.3585 Current resistance levels 1.3688 1.3715 1.3730

AUDUSD - Technical analysis and trading recommendation

AUDUSD - Daily chart

Aud/Usd has gain quite a bit lately, but it looks like this bullish impulse is depleted. It's reached 0.8830 strong resistance which should force Aud/Usd to decline. Then 0.8660 and 0.8515 are considered as targets.

AUDUSD - Daily chart

AUDSD - H4 chart

Aud/Usd reached resistance near 0.8830. Although it crossed downtrend line, the breaking candle looks weak and it's very likely it'll be negated. In this scenario Aud/Usd will be heading towards 0,8765 and 0.8665 further.

AUDUSD - H4 chart

Trade recommendation
Sell if current candle closes bellow 0.8790 or later if it remains bellow this level. If the price rises and kept above 0.8790 signal is negated. Target levels: T1: 0.8730 T2: 0.8665 Current support levels 0.8765 0.8730 0.8665 Current resistance levels 0.8830 0.8865 0.8900

EURUSD - weekend review. Technical analysis and trading recommendation

EURUSD - Daily chart

EURUSD reached 1.3500 level, than it bounced up rapidly forming large bullish candle. This powerful sign has brought hope for further gains in upcoming days. In perspective - reaching 1.3810 level is very likely.

EURUSD - Daily chart

EURUSD - H4 chart

Looking at the H4 chart, Eur/Usd broke above consolidation area of 1.3515-1.3585. It continued well-paced movement until encountered a substantial resistance at 1.3730.  This level pushed down the rate around 1.3676, where the week was closed. This suggests that bulls may be resting for a while, so falling to 1.3650 is possible scenario. Then I expect bulls mood to be revealed again. So, the plan for now is to wait until correction is over (~1.3650 I suppose) and then open long position with 1.3695 and 1.3730 as targets.

EURUSD - H4 chart

Trade recommendation
Buy around 1.3650 area Target levels: T1: 1.3695 T2: 1.3730 Current support levels 1.3650 1.3625 1.3585 Current resistance levels 1.3695 1.3730 1.3785

EURUSD - trading recommendation. Technical analysis (H4)

EURUSD - H4 chart

The rate is still in the consolidation phase. As it's reached important resistance zone (1.3135 - 1.3155) coming hours will determine the further movement direction. The bullish mood looks pretty strong now, so breaking above the resistance (1.3155) is very likely. After that it should move to 1.3195 and 1.3235 later. If it fails, the triple top formation will be confirmed. It will force the rate to strong decline towards 1.3055.

EURUSD - H4 chart

Trade recommendation
Buy after closing above 1.3155 Target levels: T1: 1.3195 T2: 1.3235 Sell after closing below 1.3095 Target levels: T1: 1.3055 T2: - Current resistance levels 1.3155 1.3195 1.3235 Current support levels 1.3095 1.3055 1.3025

GOLD - trading recommendation. Technical analysis (Weekly, Daily, H4)

GOLD - Weekly chart

Gold arrived at 1630 support level. Long term uptrend line and major support at 1600 are also very close. Upward bounce in the comming weeks looks very likely.

GOLD - Weekly chart

GOLD - Daily chart

The rate is moving in the downtrend channel. After hitting support at 1619 it bounced up and stopped at 1645.

GOLD - Daily chart

GOLD - H4 chart

After strong decline last week the rate bounced up. It was stopped on the short term downtrend line and consolidated in the 1636.85 - 1645.00 zone. If it break the resistance at 1645.00 and the downtrend line it should start its movement up to 1660.00 level. 

Another scenario will take place if the rate breaks the support at 1636.85 and short term uptrend line. Then we could expect decline to 1630 and 1617.75 further.

GOLD - H4 chart

Trade recommendation
Buy after closing above 1645.00 Target levels: T1: 1654.00 T2: 1660.00 Sell after closing below 1636.85 Target levels: T1: 1630.00 T2: 1617.75 Current support levels 1636.85 1630.00 1617.75 Current resistance levels 1645.00 1654.00 1660.00

EURUSD - trading recommendation. Technical analysis (Daily, H4)

EURUSD - Daily chart

Strong decline within last three days has brought the rate to 1.3025 - 1.3055 support zone. Combined with oversold sentiment it can lead to upward correction. 

EURUSD - Daily chart

EURUSD - H4 chart

EURUSD was stopped at 1.3055 line. If it remains over this level  we can expect consolidation in 1.3055 - 1.3085 zone. Breaking over this consolidation will give the green light to 1.3135 line. 

EURUSD - H4 chart

Trade recommendation
Buy after closing above 1.3085 Target levels: T1: 1.3135 T2: - Sell after closing below - Target levels: T1: - T2: - Current support levels 1.3055 1.3025 1.3000 Current resistance levels 1.3085 1.3135 -

GBPUSD - trading recommendation. Technical analysis (H4)

GBPUSD - H4 chart

The rate hit the support level at 1.5865 and the minor uptrend line. It seems that the most probable scenario for upcoming hours is breaking over 1.5900 and upward movement towards 1.5950.

But if the rate closes below 1.5865, open short trade with 1.5830 and 1.5805 as targets.

GBPUSD - H4 chart

Trade recommendation: Buy after closing above 1.5900 Take profit level: Target : 1.5950 Sell after closing below 1.5865 Take profit level: Target 1 : 1.5830 Target 2 : 1.5805

AUDUSD - trading recommendation. Technical analysis (Weekly, Daily, H4)

AUDUSD - Weekly chart

Last week the rate crossed down the support line at 1.0350, as well as the short-term uptrend line. This week opening made a big rising gap, but from that time the rate was gradually falling. The nearest support is around 1.0350. Breaking it down will open the way for further decline.

AUDUSD - Weekly chart

AUDUSD - Daily chart

Since the end of February the AUDUSD has been moving in the downward trend. It stoped in the support zone around 1.0350, and touched the higher order upward trend line. Large decline since the beginning of this week has almost close the formed gap. Further movement toward support at 1.0345 seems to be most likely. Breaking this support and the nearby uptrend line will give the signal for further decline.

AUDUSD - Daily chart

AUDUSD - H4 chart

The rate moves in a downward channel. After reaching the 1.0335 support it bounced up and was stopped at 1.0445 resistance line. If the AUDUSD breaks down the short-term uptrend line (plotted during the upward correction) it will move towards 1.0335. Breaking this support would open the way towards 1.0275 and then to 1.0210. There some upward rebound is very possilbe.

If the rate turned to be so weak that it remains above 1.0335 some consolidation within the downward channel should be expected.

AUDUSD - H4 chart

Trade recommendation: Sell after closing below 1.0335 Take profit level: Target 1 : 1.0275 Target 2 : 1.0210

EURUSD - trading recommendation. Technical analysis (Weekly, Daily, H4)

EURUSD - Weekly chart

In the last 3 weeks the rate was growing up after a strong decline last month. It reached the downtrend line and was blocked at the level of 1.3345, which corresponds to the middle of a large bearish candle formed few weeks ago. Further upward movement is now blocked by the downtrend line and resistance at 1.3450. The nearest support is at the uptrend line and level of 1.3115.

EURUSD - Weekly chart

EURUSD - Daily chart

The rate maintained its course between the broken downtrend line (dashed line) and the newly plotted trend line (solid line).
It did not manage to brake over the current consolidation. Last candle was bullish, but a long upper shadow and lack of  breaking above the consolidation is not inviting for opening the long trades. Furthermore stronger upward movement is also blocked by the higher time-frame downtrend line and strong resistance around 1.3450 (weekly chart). The closest resistance is at 1.3355 and support at 1.3275.

EURUSD - Daily chart

EURUSD - H4 chart

The rate is consolidated in the range of 1.3275 - 1.3360.
Recently, a few candles with long upper and lower shadows have been formed. Rate bounced down from the upper consolidation limit, but stronger decrease was stopped at the moment.

If the rate will break the downtrend line it should fall to 1.3275. It is the closest support. Breaking it down will give the signal to the fall  to the level of 1.3245 and further to 1.3215. In the 1.3175-1.3215 zone we should expect some upward correction - here comes the support zone and the uptrend trend line of the higher time frame. In the upcoming week I expect breaking down and movement towards 1.3215 level.
Alternatively, if the rate remains bullish enough to break over the 1.3385 you should consider buying with the 1.3425 as the target.

Trade recommendation: Sell after closing below 1.3275 Take profit level: Target : 1.3215 Buy after closing above 1.3385 Take profit level: Target : 1.3425