Nice bearish channel. Fakeout of resistance level, formed shooting star.
US30USD for a potential Long. We can currently see US30 Ranging in the 4 Hour time frame and looks as if it's going towards the resistance area, we can also see the 9 day period simple moving average acting as support so it will be more reason to buy into the trend, however, on the MACD indicator the moving averages are yet to cross over to signal a buy signal so...
Gold trade, Gold is looking fairly nice at the moment with there been recent news that could influence the value of the dollar to fluctuate which could cause a rise in Gold spot. However, we still use technical analysis to back our fundamental analysis, because there's no guarantee the market will go in our desired direction, please don't take this as financial...
It seems like CHF/JPY has broken out of it's up-trending channel to test previous support as resistance.