GBPUSD ANALYSIS 08-03-2021

GBP/USD broke minor uptrend lineprice below SMA 100 , SMA 200MACD shows  weakness of bearish momentumRSI in downtrend line below 50First scenario: if price is still based below resistance level 1 around 1.3860  and bearish price action is occured , it will confirm bearish  movement  to major uptrend line and demand zone around 1.3700Second scenario : if price break resistance level 1 around 1.3860  and close above correct...

GOLD ANALYSIS 3-5-2021

GOLD is trading above minor uptrendlinePrice is based on key level at 1684.65Below SMA 100, SMA 200MACD shows bearish momentumRSI reached oversold regionFirst scenario: in case the price is based above key level at 1684.65, minor uptrendline and strong bullish movement occurred on daily frame, it's recommended to open long trade to target resistance level 1 at 1762.45 then HVN at  level 1838.69Second scenario: in case the price bre...

CADJPY ANALYSIS 04-03-2021

CAD/JPY trading in uptrendprice above SMA 100 , SMA 200MACD shows weakness of bullish momentumRSI above 50Frist scenario : if price break resistance level 1 around 85.00 and close above it  on 4h frame ,it will confirm bullish movement to  resistance level 2 around 86.00Second scenario : if price break minor uptrend line  and close below support level around 83.50  on 4h frame ,it will confirm bearish  movement to major u...