UJ's getting to an interesting zone to look for a reversal. Cypher is completing at around 114.250, let's see if we get something from this.
EURGBP is currently in a good zone to look for bullish evidences. I will be searching for entry signs on smaller time frame and look to trade the pair up to the next resistance zone at around 0.86850. Good luck!
DXY has shown some strenght since the elections. This push up might have triggered the bearish trend continuation on AUDUSD. Let's see if we can reach previous lows at 0.71500 and ultimately 0.68350. Play it safe, trail you stop ideally.
As pictured on the chart, USOIL has been consolidation for a while, which could be seen as the 4th correction wave. Overall I have a bullish bias and will be looking for a breakout of the range in order to see the 5th wave completion, right up to the next zone of resistance at around 60$. BUT be careful! It is currently sitting at the top of that range which is...
EURUSD has been in a corrective pattern since 2015 and is currently sitting at the very bottom of that pattern. We could potentially expect a pullback to previous lows at around 1.085 Price action gave us a ping bar followed buy a bullish engulfing candle. Looking at DXY strenght, we will need a bit stronger confirmations in order to long the pair to the green...
As the title says, I have a short Bias on GBPAUD considering the daily trend. The pair as given us a good pullback since October and is currently sitting at the 50% Fibs retracement level. Although this could be a potential good place to spot a reversal for trend continuation, I will be keeping an eye out for a move up to the 62% fibs level.
GBPJPY is getting to an interesting level, I would look for bearish trend continuation signals. If we break the previous highs with no signals, trades will be invalidated and potential more upside will come.
GBPUSD is giving us some different options. I have a short bias on this pair on the long term considering the daily trend. It have been giving us a strong pullback since the beginning of October. The ideal level I was looking for trend continuation is around 1.29, but with DXY spiking, the trade might get triggered sooner then expected. Keep an eye out. Good luck
DXY has been in a corrective pattern since march 2015, bouncing between 100 and 93. It just got to 100 again, which means it would be a fairly logical thing to look for potential signs of reversal. A breakthrough to the upside is also possible, play it smart and safe.
Oil bounced from a quite important support level and there is also divergence forming on the MacD. I will be hunting for a long on a CTL cross. Play it safe, wait for proper confirmation.
Gold as been breaking previous highs on the weekly chart, indicating a bullish trend. I will be looking for a long entry to previous highs at around 1400-1405
let's see if we can get a short on oil for a little bit
Please refer to chart for explanation of idea.
We might see a rally up to 98.5-99, or a bounce around 96.50
Looks like GBPAUD is trying to give us another push up. Might wait a little before riding this one. You guys should keep your eyes opened, we might have something nice setting up.
It seems like GBPJPY is getting rejected once more at the bottom of the range, forming a bearish corrective triangle. We could see bulls push price up once more around 135.2 levels, which would give us our E point, in confluance with our 4th support. If we break the triangle to the downside, the pattern is invalidated. Let's see where this gets us. In such market...
Seems like gold has been forming a corrective triangle. Will we see price breakout and form the final 5th leg?
Many expected to see a clear drop from a potential head and shoulder pattern. Unfortunately for us, we did not get any clear signals confirming the move. I am looking for signals when price reaches the red zone. If said zone is violated, price could potentially trade up to the next green zone, which would reach the trend line. We might see a bounce from...