JWinbush

JWinbush

Zooming out for a view of the past two years we can see quite clearly there has been a strong uptrend throughout 2016/17, so far this year however things have been a bit more bearish. On the weekly we have now slid through S1 which was at 12452.45, S2 is at 12289.13 and S3 all the way down at 12085.06. My chart indicates that should we start heading towards S3 we...

JWinbush

Here we can see that so far this year we have a clear downtrend for GER30 and until this downwards channel breaks this is the direction we shall continue to move in.

JWinbush

Here we have the channel from the past 1 month, as you can see, we are approaching the bottom of the channel here, so now we are opening up good opportunities to go long.

JWinbush

As the chart shows we've been in a pretty clear channel for the past 1yr, the past few weeks we have been testing the support and bears have been looking to break out of the bottom of the channel, so far with no success, last week we started getting the price back up off the support and if you look at the chart, everything indicates that for now the only way is...

JWinbush

As you can see here, EURUSD had broken out of the channel it has been in for the past few months and we've now just fallen back into it, however if we can get back out of it there is the potential for a good upside. The daily indicators tell us its a strong buy with our first resistance target at 1.1787 then breaking through into the 1.18 territory.

JWinbush

Just over a year ago we broke out of the bottom of the channel and now we're getting the all the signals which tell us we may well break out of the top, with the GBP being incredibly cheap at the moment it has great potential to continue to strengthen and burst out the top of this long term channel, as soon as we break out we will be looking for 1.35 and after...

JWinbush

Looking at this months channel, now is a good time for a short as we approach the top of the channel and open up the opportunity for a nice ride down.

JWinbush

Market trend of the past 1yr, currently at bottom of channel, ready to bounce up.