ThemasterFxIdea

ThemasterFxIdea

AUDCAD may rise 40 - 59 pips Our preference The upside prevails as long as 0.9024 is support. Alternative scenario Below 0.9024, expect 0.8992 and 0.8972. Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its...

ThemasterFxIdea

Crude Oil (WTI) may rise to 123.20 - 124.40 Our preference Long positions above 121.30 with targets at 123.20 & 124.40 in extension. Alternative scenario Below 121.30 look for further downside with 119.50 & 118.40 as targets. Comment The break above 121.30 is a positive signal that has opened a path to 123.20. Daily and weekly charts are also bullish.

ThemasterFxIdea

EURCAD may fall 63 - 91 pips Our preference As long as 1.3495 is resistance look for 1.3365. Alternative scenario Above 1.3495, look for 1.3542 and 1.3570. Comment The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under...

ThemasterFxIdea

EURNZD may rise 76 - 111 pips Our preference The upside prevails as long as 1.6498 is support. Alternative scenario Below 1.6498, expect 1.6440 and 1.6405. Comment The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving...

ThemasterFxIdea

AUDUSD may rise 46 - 71 pips Our preference Long positions above 0.7160 with targets at 0.7245 & 0.7270 in extension. Alternative scenario Below 0.7160 look for further downside with 0.7140 & 0.7120 as targets. Comment The RSI shows upside momentum.

ThemasterFxIdea

USDJPY may rise 66 - 91 pips Our preference Long positions above 131.90 with targets at 133.45 & 133.70 in extension. Alternative scenario Below 131.90 look for further downside with 131.55 & 131.20 as targets. Comment The RSI shows upside momentum. Daily and weekly charts are also bullish.

ThemasterFxIdea

USDCAD may rise 20 - 40 pips Our preference Long positions above 1.2570 with targets at 1.2620 & 1.2640 in extension. Alternative scenario Below 1.2570 look for further downside with 1.2555 & 1.2535 as targets. Comment The RSI shows upside momentum.

ThemasterFxIdea

GBPJPY may rise 132 - 194 pips Our preference The upside prevails as long as 163.37 is support. Alternative scenario Below 163.37, expect 162.34 and 161.72 Comment The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its...

ThemasterFxIdea

Crude Oil (WTI) may rise to 121.00 - 122.40 Our preference Long positions above 118.40 with targets at 121.00 & 122.40 in extension. Alternative scenario Below 118.40 look for further downside with 116.75 & 115.20 as targets. Comment The RSI is above its neutrality area at 50%. Daily and weekly charts are also bullish.

ThemasterFxIdea

Dax may rise to 14590 - 14710 Our preference Long positions above 14440.00 with targets at 14590.00 & 14710.00 in extension. Alternative scenario Below 14440.00 look for further downside with 14330.00 & 14220.00 as targets. Comment The RSI is mixed and calls for caution.

ThemasterFxIdea

USDJPY may rise 27 - 52 pips Our preference Long positions above 129.55 with targets at 130.40 & 130.65 in extension. Alternative scenario Below 129.55 look for further downside with 129.30 & 129.10 as targets. Comment The RSI shows upside momentum. Daily and weekly charts are also bullish.

ThemasterFxIdea

USD/JPY may rise 34 - 64 pips Our preference Long positions above 129.65 with targets at 130.25 & 130.55 in extension. Alternative scenario Below 129.65 look for further downside with 129.30 & 128.95 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Daily and weekly charts are also bullish.

ThemasterFxIdea

USDCHF may fall 29 - 49 pips Our preference Short positions below 0.9615 with targets at 0.9560 & 0.9540 in extension. Alternative scenario Above 0.9615 look for further upside with 0.9640 & 0.9660 as targets. Comment The RSI shows downside momentum.

ThemasterFxIdea

Gold may rise to 1857 - 1864 Our preference Long positions above 1841.00 with targets at 1857.00 & 1864.00 in extension. Alternative scenario Below 1841.00 look for further downside with 1835.00 & 1828.00 as targets. Comment The RSI has just landed on its neutrality area at 50% and is turning up. The upside breakout of a declining trend line calls for a recovery.

ThemasterFxIdea

Bitcoin may rise to 32780 - 33340 Our preference As long as 30890 is support look for 33340. Alternative scenario The downside breakout of 30890 would call for 29950 and 29390. Comment The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average...

ThemasterFxIdea

Crude Oil (WTI) may rise to 120.40 - 122.00 Our preference Long positions above 117.10 with targets at 120.40 & 122.00 in extension. Alternative scenario Below 117.10 look for further downside with 116.20 & 115.40 as targets. Comment The break above 117.10 is a positive signal that has opened a path to 120.40. Daily and weekly charts are also bullish.

ThemasterFxIdea

Nikkei 225 may rise to 28300 - 29200 Our preference Long positions above 26400 with targets at 28300 & 29200 in extension. Alternative scenario Below 26400 look for further downside with 25700 & 24700 as targets. Comment The RSI calls for a bounce.

ThemasterFxIdea

FTSE 100 may rise to 7680 - 7835 Our preference Long positions above 7430.00 with targets at 7680.00 & 7835.00 in extension. Alternative scenario Below 7430.00 look for further downside with 7300.00 & 7155.00 as targets. Comment The RSI is bullish and calls for further upside.