The short-term hourly SPX500 has resistance around 5,320. However, the longer-term daily is still positive, implying short-term pullbacks may be dips in the broader uptrend.
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EUR/AUD has made a bullish reversal off a pullback support and could potentially climb higher from here.
Buy entry is at market (1.6240).
Stop loss is at 1.6200 which is a level that lies underneath a pullback support.
Take profit is at 1.6342 which is a pullback resistance.
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Trading Forex/CFDs on margin carries a high level of...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 196.93 which is a pullback support.
Stop loss is at 194.90 which is a level that lies underneath a pullback support.
Take profit is at 199.52 which is a level that aligns with the 78.6% Fibonacci projection level.
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Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 31.34 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 30.35 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at...
USD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3636 which is a pullback resistance.
Stop loss is at 1.3675 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1.3561 which is a pullback support.
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Natural Gas prices run their second straight profitable month, covering the Q1 losses and starting the current week on the front foot. This brings the year’s highs in the spotlight (3.3974), but bulls will need fresh impetus for taking them out. The RSI points to highly overbought conditions though, making the commodity ripe for a pullback towards the EMA200...
