Analyze Gold and Forex at the beginning of June 16 - Some models and price zones to note

in forex •  5 years ago 

ANALYSIS # YELLOW CHART 1 HOUR
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Advance Contract: Buy # gold. The results hit the bottom
Current trend: # Gold rises
Odds today: Buy # gold
Notes: # Gold is changing in V shape, ie V-shaped structure, price drops down and pops up quickly. If today # gold goes sideways, it can create a spike and ledge pattern structure before moving on. Let's wait for a bit before going to buy # gold again.

ANALYSIS #USDJPY CHART 1 HOUR
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Advance markets: Sell #USDJPY. The breakeven result because #USDJPY hit the sell-off area but did not go far
Current trend: #USDJPY is flat.
Odds today: Sell #USDJPY
Note: #USDJPY is in a consolidation stage and the resistance zone PPZ is becoming quite stiff. There is a #BoJ meeting today, so there may be some impact on #JPY. In front of us still follow the sale contract.

#AUDUSD ANALYSIS 1 HOUR CHART
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Advance markets: Sell #AUDUSD. Result of stop loss
Current trend: #AUDUSD up
Odds today: Buy #AUDUSD
It should be noted: #AUDUSD had a very strong day yesterday, after false break down to the old bottom and back up. This rebound helps complete the double bottom model and this pattern is completed when #Aussie cuts up on the model's #Neckline area. Today we wait for this retest of the Old Street retest to buy into the new #Aussie trend.

#NZDUSD ANALYSIS 1 HOUR CHART
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Advance markets: Sell #NZDUSD. The breakeven result as #NZDUSD closed in the selling zone at the end of the US session
Current trend: #NZDUSD up
Odds today: Buy #NZDUSD
It should be noted: #NZDUSD also completed a double bottom pattern - after a false break down slightly down yesterday. The bounce up also broke through the neckline - to complete the pattern. #NZDUSD is waiting for a retest to buy.

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