Lalit Matta / Profile

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

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

#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

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

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

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