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UPDATE : USDCAD NEED CORRECTION REPORT

What had I written about USDCAD @ June 25, 2018, 12:43 am (IST)?click here.
We had strongly recommended,

On USDCAD Index 50% Correction awaiting ahead because it had overbought in the previous week.
The Technical Indicator STOCH (14, 14, 3, 3) is indicating sell signal on U.S. Dollar / Canadian Dollar pair. FX Traders could take profit at 1.31954 – 1.30478 – 1.29520 levels.
Its price can hike if USD CAD index crossover or close above the resistance level (1.34378), you can see the 1.35500 – 1.37788 levels.

USDCAD second target achieved 1.31954 – 1.30478 levels.

EURUSD: Bearish continuation?

Symmetrical triangle (ST) – 1: breakout shows high 1.2557 (16/02/2018).
Symmetrical triangle (ST) – 2: Bearish continuation?
We will update entry level only for our premium Subscribers.

GBPUSD: Buyer fails to reattempt.

Our preference
Short positions below 1.30749 with targets at 1.30464 – 1.29835 – 1.29079 – 1.28406 in extension.
Alternative scenario
Above 1.31376 look for further upside with 1.31376 – 1.31999 levels

USDJPY : No Correction On USDJPY previous report

Follow the previous report of USDJPY, We will recommend to buy after breakout of 111.489 level.

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UPDATE 2: Gold Downtrend Continues

Did you check the last report of Gold? If not, click here.

“Gold Price Focusing on Nov 2016 Support Trendline Bottom. It can crash up to 29500 – 29250 for restart a solid uptrend.”

– My view is the same for the downtrend but a short reversal possible in this week!

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Silver trading strategy for this week

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Below 38K look for further downside with 37650 – 37300 – 37000 as targets. The bullish trend will resume after closing price above 39100. Sellers must beware after the breakout of 38650 level.

Simplified Crude oil Chart

Weekly Outlook of Lead

This week Lead could be stuck in the base range of 151.1 to 145.5. It can come upside up to 147.5 – 150. Look at the chart, be aware with the trend-changer line. The technical indicators indicating the trend is unconfirmed.

Do not forget to watch out the Test level once it shows closing price below the Test level 1. It’s target levels.

The short-term view of the Zinc

Two crucial level will define the direction of Zinc.
Test level 1: 184
Test level 2: 171

Keep selling this commodity below test level 1 for the level 2. If it closes above test 1, buy for the 188 – 192 OR if it closes below test 2, sell for the 167 – 164 – 158.

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