<\/a><\/p>\n\n\n\nEUR\/AUD Daily Forex Chart<\/p>\n\n\n\n
I spy with my eye a possible\u00a0Double Bottom pattern\u00a0breakout!<\/p>\n\n\n\n
EUR\/AUD is testing the 1.5400 handle that bulls and bears have been minding since 2021.A clear break above the level opens the pair to a move to the 1.6500 zone. That\u2019s about 1,100 pips higher, which would equal the height of the \u201cDouble Bottom\u201d on the daily time frame.<\/p>\n\n\n\n
Of course, sellers could also step in at areas of interest like 1.5700 or 1.6200 if there\u2019s not enough demand to push EUR higher against AUD.<\/p>\n\n\n\n
Don\u2019t discount downside action though!<\/p>\n\n\n\n
If the consolidation that we\u2019re seeing translates to a bearish swing for EUR\/AUD, then y\u2019all gotta be ready to trade potential retests of the 1.4300 support.<\/p>\n\n\n\n
What do you think? Which way will EUR\/AUD go?<\/p>\n","protected":false},"excerpt":{"rendered":"
Ready for another week of\u00a0technical trades? This week we\u2019re looking at Pepsi and gold\u2019s\u00a0trend\u00a0pullbacks as well as EUR\/AUD\u2019s possible Double Bottom breakout. Don\u2019t even think of missing their daily chart setups! Pepsico, Inc. (PEP): Daily Pepsico, Inc. (PEP) Daily Chart Those who are trading Pepsico, Inc. (PEP)\u2019s earnings release should know that the stock is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10122"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\n\n\n\nPepsico, Inc. (PEP) Daily Chart<\/p>\n\n\n\nThose who are trading Pepsico, Inc. (PEP)\u2019s earnings release should know that the stock is not too far from a major\u00a0support zone.That\u2019s right! PEP is trading near $161.50, which is a few red\u00a0candlesticks\u00a0away from the $156 \u2013 $157 zone that has been serving as resistance AND support for the stock since the second half of 2021.<\/p>\n\n\n\nThis time around, a dip to $157 would coincide with a retest of a months-long\u00a0ascending channel\u00a0on the daily time frame.<\/p>\n\n\n\nPretty convenient for bulls who are already noting the\u00a0bullish divergence\u00a0on the chart.<\/p>\n\n\n\nLook out for buying interest around the channel support and previous inflection point, which could present a good entry in case PEP extends its months-long\u00a0uptrend.<\/p>\n\n\n\nXAU\/USD: Daily<\/h2>\n\n\n\n<\/a><\/p>\n\n\n\nXAU\/USD Daily Chart<\/p>\n\n\n\nSpot gold (XAU\/USD) just turned lower after encountering sellers around September\u2019s $1,730 inflection point!<\/p>\n\n\n\nCoincidence? Only if you\u2019re a gold bug!<\/p>\n\n\n\nSee, $1,730 is also just below the daily chart\u2019s\u00a0100 SMA. More importantly, it\u2019s right around a Fibonacci retracement of August and September\u2019s downswing\u00a0and<\/em>\u00a0is near the descending channel resistance on the daily time frame.<\/p>\n\n\n\nAre we looking at trend continuation over here? The bearish momentum after the rejection at $1,730 hints that there\u2019s still room for more selling.<\/p>\n\n\n\nShorting at current levels could still get you profits especially if you place your stops just above October\u2019s highs and aim for September\u2019s lows.<\/p>\n\n\n\nNot feelin\u2019 like shorting the commodity? You can also bet on a bullish\u00a0breakout\u00a0once you see XAU\/USD consistently trade above the channel and 100 SMA that we\u2019re watching.<\/p>\n\n\n\nEUR\/AUD: Daily<\/h2>\n\n\n\n<\/a><\/p>\n\n\n\nEUR\/AUD Daily Forex Chart<\/p>\n\n\n\nI spy with my eye a possible\u00a0Double Bottom pattern\u00a0breakout!<\/p>\n\n\n\nEUR\/AUD is testing the 1.5400 handle that bulls and bears have been minding since 2021.A clear break above the level opens the pair to a move to the 1.6500 zone. That\u2019s about 1,100 pips higher, which would equal the height of the \u201cDouble Bottom\u201d on the daily time frame.<\/p>\n\n\n\nOf course, sellers could also step in at areas of interest like 1.5700 or 1.6200 if there\u2019s not enough demand to push EUR higher against AUD.<\/p>\n\n\n\nDon\u2019t discount downside action though!<\/p>\n\n\n\nIf the consolidation that we\u2019re seeing translates to a bearish swing for EUR\/AUD, then y\u2019all gotta be ready to trade potential retests of the 1.4300 support.<\/p>\n\n\n\nWhat do you think? Which way will EUR\/AUD go?<\/p>\n","protected":false},"excerpt":{"rendered":"Ready for another week of\u00a0technical trades? This week we\u2019re looking at Pepsi and gold\u2019s\u00a0trend\u00a0pullbacks as well as EUR\/AUD\u2019s possible Double Bottom breakout. Don\u2019t even think of missing their daily chart setups! Pepsico, Inc. (PEP): Daily Pepsico, Inc. (PEP) Daily Chart Those who are trading Pepsico, Inc. (PEP)\u2019s earnings release should know that the stock is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10122"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/10004732\/PEP.png\"){kind=link}
![<\/a><\/p>\n\n\n\nXAU\/USD Daily Chart<\/p>\n\n\n\nSpot gold (XAU\/USD) just turned lower after encountering sellers around September\u2019s $1,730 inflection point!<\/p>\n\n\n\nCoincidence? Only if you\u2019re a gold bug!<\/p>\n\n\n\nSee, $1,730 is also just below the daily chart\u2019s\u00a0100 SMA. More importantly, it\u2019s right around a Fibonacci retracement of August and September\u2019s downswing\u00a0and<\/em>\u00a0is near the descending channel resistance on the daily time frame.<\/p>\n\n\n\nAre we looking at trend continuation over here? The bearish momentum after the rejection at $1,730 hints that there\u2019s still room for more selling.<\/p>\n\n\n\nShorting at current levels could still get you profits especially if you place your stops just above October\u2019s highs and aim for September\u2019s lows.<\/p>\n\n\n\nNot feelin\u2019 like shorting the commodity? You can also bet on a bullish\u00a0breakout\u00a0once you see XAU\/USD consistently trade above the channel and 100 SMA that we\u2019re watching.<\/p>\n\n\n\nEUR\/AUD: Daily<\/h2>\n\n\n\n<\/a><\/p>\n\n\n\nEUR\/AUD Daily Forex Chart<\/p>\n\n\n\nI spy with my eye a possible\u00a0Double Bottom pattern\u00a0breakout!<\/p>\n\n\n\nEUR\/AUD is testing the 1.5400 handle that bulls and bears have been minding since 2021.A clear break above the level opens the pair to a move to the 1.6500 zone. That\u2019s about 1,100 pips higher, which would equal the height of the \u201cDouble Bottom\u201d on the daily time frame.<\/p>\n\n\n\nOf course, sellers could also step in at areas of interest like 1.5700 or 1.6200 if there\u2019s not enough demand to push EUR higher against AUD.<\/p>\n\n\n\nDon\u2019t discount downside action though!<\/p>\n\n\n\nIf the consolidation that we\u2019re seeing translates to a bearish swing for EUR\/AUD, then y\u2019all gotta be ready to trade potential retests of the 1.4300 support.<\/p>\n\n\n\nWhat do you think? Which way will EUR\/AUD go?<\/p>\n","protected":false},"excerpt":{"rendered":"Ready for another week of\u00a0technical trades? This week we\u2019re looking at Pepsi and gold\u2019s\u00a0trend\u00a0pullbacks as well as EUR\/AUD\u2019s possible Double Bottom breakout. Don\u2019t even think of missing their daily chart setups! Pepsico, Inc. (PEP): Daily Pepsico, Inc. (PEP) Daily Chart Those who are trading Pepsico, Inc. (PEP)\u2019s earnings release should know that the stock is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10122"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/10004751\/XAUUSD-1.png\"){kind=link}
![<\/a><\/p>\n\n\n\nEUR\/AUD Daily Forex Chart<\/p>\n\n\n\nI spy with my eye a possible\u00a0Double Bottom pattern\u00a0breakout!<\/p>\n\n\n\nEUR\/AUD is testing the 1.5400 handle that bulls and bears have been minding since 2021.A clear break above the level opens the pair to a move to the 1.6500 zone. That\u2019s about 1,100 pips higher, which would equal the height of the \u201cDouble Bottom\u201d on the daily time frame.<\/p>\n\n\n\nOf course, sellers could also step in at areas of interest like 1.5700 or 1.6200 if there\u2019s not enough demand to push EUR higher against AUD.<\/p>\n\n\n\nDon\u2019t discount downside action though!<\/p>\n\n\n\nIf the consolidation that we\u2019re seeing translates to a bearish swing for EUR\/AUD, then y\u2019all gotta be ready to trade potential retests of the 1.4300 support.<\/p>\n\n\n\nWhat do you think? Which way will EUR\/AUD go?<\/p>\n","protected":false},"excerpt":{"rendered":"Ready for another week of\u00a0technical trades? This week we\u2019re looking at Pepsi and gold\u2019s\u00a0trend\u00a0pullbacks as well as EUR\/AUD\u2019s possible Double Bottom breakout. Don\u2019t even think of missing their daily chart setups! Pepsico, Inc. (PEP): Daily Pepsico, Inc. (PEP) Daily Chart Those who are trading Pepsico, Inc. (PEP)\u2019s earnings release should know that the stock is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[386],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10122"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10122\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/10004813\/EURAUD.png\"){kind=link}