Gold and Forex Analysis january 22

ngothachhuy (12)in #forex • 6 years ago (edited)

Last night, the pound was not too strong as we were concerned as Mrs May continued to announce a new plan to continue to pursue Brexit because the departure time was close. Today's session with the strongest rating was also in the pound with data on average income and unemployment benefits you noticed.

Preliminary analysis of the gold trend and some currency pairs on the H4 time frame

XAU / USD

Prices continued to decline yesterday but still could not penetrate the sensitivity of 1278. View for today is still looking for a sell point when prices continue to breakdown or adjust above. The target is 1265 zone because of the high possibility of price correction in this area.

USD / JPY

USDJPY has not changed much yesterday so the view has not changed, we still wait to buy in the trend when the price returns to the confluence area below.

EUR / USD

EURUSD continues to be pinned down in the intersection of the tools. And as said, EURUSD has not returned to the long-term downward trend, and the RR rate is quite good at this time, so I am still inclined to buy.

GBP / USD

If anyone had bought it bravely yesterday, it would have been profitable, and the opportunity still exists for those who missed the train. We are now seeing the rally coming back, can wait a little bit and continue to buy. However, the silhouette of the reversal pattern has appeared, the following movements should be carefully monitored.

USD / CAD

On H4 we are simply seeing a sideways area, but this is also the flag pattern on daily frame, you need to carefully observe the model, if breakdown down the force can be very strong.