Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL. USOIL is getting a strong bounce from this support level as we discussed in our previous idea. Now here we can see a good bullish wave upto 100 Price level.
TARGET 117.550
Watch for a breakout !
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Idea is not the financial advice!
1ST CHART :- BEARISH TRNDLINE BREAKOUT AND RETEST
2ND CHART :- DEEP RETRACEMENT IN BEARISH TRENDLINE MARKET
TRADE AFTER CONFIRMATION !
WHAT DO YOU THING?
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Idea is not the financial advice!
ENTER long from here we can expect 85.500 or 86
wait for daily candle close.
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Idea is not the financial advice!
TARGET 0.73900
ANOTHER SELL OPPURTONITY AT 0.75200
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Idea is not the financial advice!
GBPJPY SUPPORT 156.600
TRADE WIDELY !
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Idea is not the financial advice!
EURUSD reached a firm daily resistance. It is possible that the US data could trigger some USD strength, which will distance EURUSD from the resistance level.
The highlighted levels on the chart may be used for stops and take profit. The technical setup is for experienced traders. It is worth noting that brexit and US elections will add to the market volatility...
EURUSD posted some gains due in recent days due to the Fed Powell's speech at Jackson Hole (online speech). Powell affirmed the Fed will opt for average inflation while assuring rates will remain low. The new inflation framework weakened USD against a basket of currencies.
The impact of the new framework may last for some time but due to the upcoming US elections...
FX:EURUSD
EURUSD reached a fairly firm resistance on the 30min chart as seen in the chart. The resistance has been tested on 4 different occasions and prevented EURUSD from climbing higher.
The potential target is 1.1415.
AUDUSD, professionals closed both sides positions for profit taking. price testing support for the month of May 2019. suspect to form double bottom. usdindex has formed top. $index suspect bearish ahead.
USDCHF, large speculators did profit taking on usd by closing both short and long positions. while banks opened both sides positions. in CHF shorts positions increase 1%. suspect strength in chf now.
copper, price making double top on copper in daily time frame. Non-commercials reduced long positions 6k in copper, long% decreased 2%, while short% increase 2%.
