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zuoertai Updated 

- Price is pulling back to resistance level at 146.150 - 200 EMA in H1, 60 EMA in H4 and Bollinger Band upper rail resistance - Uncertainty pushes the price down until the result of the vote

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- Downward trend line has been broken - resistance level 1.64660 is broken and became support Re-test is expected and then go up.

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- EUR is relatively stronger than AUD - Above resistance level - Triangle is broken with downward trend line confirmed breach - Trend line re-tested then price went up Ideally, if price can pull back to 1.60000, buy. Target 1.61700

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- Downward trend line became invalid - Huge bullish candle in D1 ===> Buy at the key level around 1.50400 (200 EMA, Fibo 38.2) Second buy level: 1.50200

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Overall trend is still up, but short-term retrace is inevitable.

zuoertai Updated 

Reasons: - Two H4 candle closed below key resistance level 1.58630 - Below three EMAs - Previous upward trendline is breached and retested

zuoertai Updated 

Reasons: - Strong upward trend - Large pullback has finished with huge bounce - 1324-1325 will be the key support: 200 EMA in H1, 60 EMA in H4, 10EMA in D1 and Fibo 50% Plan: Buy at 1324-1325. Target 1350

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Reasons: - GBP is relatively weaker than NZD at the moment - Big bearish candle in D1 - Previous upward channel was re-tested and had price perfectly reversed - Small upward trend line (green line) was broken and re-tested - Key level 1.91380 is also the Fibo 23.6% is likely going to the resistance for reversal Plan: Sell at 1.91380 Target: 1.89740

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Reasons: - EUR is relatively weaker than NZD - Tendency is strong downward with previous upward trend line became invalid - Huge bearish bar in D1 - Price reversed at the downward trend line in D1 further approved downward tendency Plans: 1. Sell at 1.66300 if resistance holds, or 2. Sell the breakout of small upward trend line Target: 1.64200 or 1.63400

zuoertai Updated 

In D1 chart, we can see a clear bearish divergence by both MACD and RSI has formed. Since the last two days gold price has been dropping, it is confirmed that this divergence works. In H1 chart, if 1315-1316 holds as resistance, we can open short positions.

zuoertai Updated 

After big drop, price is supported near the big upward trend line in D1 since December 21st of 2016, as well as Fibo 78.6 (1.12160-1.15680). Since upward channel in D1 is confirmed breached, I expect the price to re-test 1.13400-1.13500 level to determine the next big move. Fundamentally, economic condition in Euro zone does not support EUR to go higher at the...

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Reasons: 1. Three moving average system shows a sell signal 2. DXY has been strong recently 3. Price is likely to move in ABC corrective pattern TP at support level 1.27300

zuoertai Updated 

In H4 chart, the downward channel so far is still valid. With the price is currently re-testing yesterday's resistance by the trend line and MA 200, I can see these resistance indicators are working well. Even though H1 and H4 show bullish MACD , I personally believe the bullish pull-back has just finished as the last H4 bullish divergence in Jan 13th also...

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After more than 200 pips of pulling back, it seems that price finally decided to pay respect to Fibo 50% and two downward trend lines. I already opened a new short position near the trend line with my last faith. If it happens to break through all three resistances, short positions will be no longer doable, until it meets 1.70500 Let's hope this will work!

zuoertai Updated 

Based on Elliot Wave Theory, price has finished wave 3 and met minor support. Price needs to pull back about 100 pips in order to drop further. In addition, H1 MACD and RSI have formed bullish divergence that support this assumption. Wait until the pull-back is finished to enter short position is safest, or enter short when D1 support 1.67130 is confirmed...

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TPs are shown in the chart

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TP 133.000 SL 138.300

zuoertai Updated 

Bearish divergence spotted in both H1 and H4. Clear signal to go short. TP 1.68800