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Lalit Matta
The pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down...
64
Lalit Matta
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows...
66
Lalit Matta
The pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 & 1 hour are turning up from the 107.63 lows where wave 4 ended. While a pullback remains above there the pair can see the 111...
48
Lalit Matta
The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 where the hourly is turning up. While a bounce fails below the 12/13/19 highs it can see a pullback correct the cycle from the 9/3/19 lows...
62
Lalit Matta
The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 where the hourly is turning up. While a bounce fails below the 12/13/19 highs it can see a pullback correct the cycle from the 9/3/19 lows...
71
Lalit Matta
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 50.99 on 10/3/19. The 4 hour is turning up from there. Ideally while a pullback remains above the 60.62 lows where the hourly right side is up it can see the 66.00 area in wave (1) cycle from the 10/3/19 lows...
82
Lalit Matta
The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.81 a bounce to correct the cycle lower from there can develop. While below the 148...
61
Lalit Matta
GBPUSD WEEKLY FORECAST .... The pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows...
65
Lalit Matta
#goldweeklyforecast #goldweeklyanalysis #xauusdforecast
XAUUSD Weekly forecast.
www.forextuitions.com
XAUUSD Weekly forecast.
www.forextuitions.com
Lalit Matta
GBPUSD the pair while on FOMC hit a new high of 1.3659 yesterday After FOMC hawkish comment the pair sharp decline from the high . today the pair made a new 4hr support and retrace 61.8% fibo, currently the pair pattern shows one more leg down towards the retest trend zone around 1.3459 if break will see immediate support around 1.3370/1.3330. We don't like the buying the pair.
Sell GBP/USD
@1.3580/1.3600
Target: 1.3490/1.3400
Stop loss: 1.3632
gud luck !
#forextuitions
Sell GBP/USD
@1.3580/1.3600
Target: 1.3490/1.3400
Stop loss: 1.3632
gud luck !
#forextuitions
· 1
Lalit Matta
XAUUSD 0.19% the pair have a good volume ,the buck failed to drag the pair down through the 55-hour SMA . Second, the gold 0.09% managed to recover and break through the weekly R1 at 1,339.42, we can see fall one again towards first support 1331.62 and expect to break and intimidate target of 1326.Overall we can see the pair target of 1304/1298 and then one more rally.
Sell XAU/USD 0.19%
@1338/1340
Target: 1326/1320
Stop loss: !346.00
good luck !
#forextuitions
Sell XAU/USD 0.19%
@1338/1340
Target: 1326/1320
Stop loss: !346.00
good luck !
#forextuitions
Lalit Matta
#Chartoftheday #Long #GBPUSD.
GBPUSD the pair still the long term trend is downwards , but as technically the pair making short term bullish pattern as currently the pair made a strong support on daily candle, after the gap opening the pair filled the gap and bounce back upwards , on weekly candle the pair making a Dozi pattern , as per technical i like to long the pair for immediate target of 1.3020/1.3080. We don't like to selling the pair.
BUY GBP/USD
@1.2920/1.2890
target: 1.3020
stop loss: 1.2850
gud luck !
#forextuitions
GBPUSD the pair still the long term trend is downwards , but as technically the pair making short term bullish pattern as currently the pair made a strong support on daily candle, after the gap opening the pair filled the gap and bounce back upwards , on weekly candle the pair making a Dozi pattern , as per technical i like to long the pair for immediate target of 1.3020/1.3080. We don't like to selling the pair.
BUY GBP/USD
@1.2920/1.2890
target: 1.3020
stop loss: 1.2850
gud luck !
#forextuitions
Lalit Matta
USDJPY Still the pair large trend shows another leg down towards 108.00, after FOMC dovish statement the pair fall again from strong resistance. Currently the pair trading above on strong support could possible temporary bounce with resistance at 110.85/111.05 now ideally capping to keep the risks directly lower to test the low of the year at 108.13.
Long 109.05/108.90
Target: 109.90
Stoploss: 108.55
Gud luck!
#forextuitions
Long 109.05/108.90
Target: 109.90
Stoploss: 108.55
Gud luck!
#forextuitions
Lalit Matta
USOIL -0.04% prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. U.S. crude production has broken through 9.5 million barrels per day (bpd), its highest since July 2015, but analysts say growth may slow as U.S. energy firms cut the number of rigs drilling for new oil 0.02% ."It looks like the growth in U.S. production is quickly running out of steam and, all else being equal, this should be good news for OPEC and the price of oil 0.02% , As technically the pair trading above the trend range under 1hr time frame , we have strong support around 47.20 on 4hr time frame, we can see bounce towards retest $50.
BUY USOIL -0.04%
@47.50/47.20
Target: 48.50/49.00
Stop loss: 46.90
Gud luck !
#forextuitions
BUY USOIL -0.04%
@47.50/47.20
Target: 48.50/49.00
Stop loss: 46.90
Gud luck !
#forextuitions
Lalit Matta
USDCAD pair fall after Canada CPI positive, still the daily target has not achieved, as technical the pair bounce from 38.2 fibo ,currently the pair trading on 4hr support with under the bearish tend, if break we can see daily target , we expect one more bounce from here towards 1.2600/1.2625 and then we can see another fall towards 1.2460. we don't like to buy here.
Sell USDCAD
@1.2615/1.2640
target: 1.2520
stoploss: 1.2665
gud luck !
#forextuitions
Sell USDCAD
@1.2615/1.2640
target: 1.2520
stoploss: 1.2665
gud luck !
#forextuitions
Lalit Matta
NZDUSD the pair trading on strong support zone with double bottom pattern on daily candle , but it stuck under the strong resistance 7300, we expect to break above the 0.73 handle, which would be very bullish and have this market looking for higher levels. Upcoming NZD elections also a major part of volatility .
BUY NZD/USD
'
@0.7290/0.7260
Target: 0.7380
stoploss: 0.7230
gud luck !
#forextuitions
https://www.tradingview.com
/i/L0hFKWpF/
BUY NZD/USD
'
@0.7290/0.7260
Target: 0.7380
stoploss: 0.7230
gud luck !
#forextuitions
https://www.tradingview.com
/i/L0hFKWpF/
Lalit Matta
USDJPY pair traded on bearish trend, We expect falling US Treasury yields to push USD/JPY through the resistance level and open up technical scope for further downside along with The latest FOMC statement is expected to display more caution over the pace of further policy tightening by signalling more concern over the softer inflation recorded in recent months.As technically the pair trading in parallel trend range below 200 ma on 1hr time frame, we can see fall again from strong resistance around 111.60/80 towards 110.00.
Sell 111.50/75
target: 110.50/110.00
stop loss: 112.10
gud luck
#forextuitions
Sell 111.50/75
target: 110.50/110.00
stop loss: 112.10
gud luck
#forextuitions