Oil Brent D1 - The price has formed a triangular formation, which may mean that if it fixes beyond the lower line of the triangle border, the price may continue to fall further along the trend and further reduce the price to the levels of 70.19 When fixing behind the upper trend line, the price may reverse and begin to rise, since a 3-wave structure may...
BRENT can break its downtrend line and if break, we can enter a LONG trade with targets of 84, 88, and 90
As We Talked in The Previous Analysis: The USOIL Price Broke a Strong Support Level (75.55 - 73.89). This Support Level Becomes a New Resistance Level. Currently, The Price pull back to Resistance Line, And Failed To Create a New Higher High. ----------- TARGET: 70.50🎯
I am waiting to buy oil in the value area ( 73 - 75 )
UK BRENT OIL New forecast The price of Brent crude futures rose sharply in the past sessions, reaching the top of the descending channel and confirming the continuation of the dominance of the downward trend in the immediate term, paving the way for achieving additional gains starting at 80.00 and extending to 78.87. Therefore the downward scenario will be...
💬 Description : The situation for the Japanese yen is significantly different from other trading instruments. Surprisingly, the yen has a good chance of strengthening against the dollar despite its global strengthening. The growth of the yen is, of course, limited and is currently located at 147.273 . The level of 150.286 acts as quite strong resistance, and it...
Due to the powerful influence that the Brent oil price had on the red cloud It is expected that this chart can surprise us with another upward movement
hello dear traders. based on our chart, we identified a Quasimodo setup on Daily timeframe of Brent Oil. If price reaches our zone, it is worth considering going long on Brent Oil. I'll share updates via new publishings in the future. Cheers.
Preferred direction: SELL Comment: This currency pair is actively pressing towards the support area. Most likely, this obstacle for sellers will be overcome within 1-2 trading weeks. Regarding shorter-term ideas, there will most likely be a slight increase, after which the instrument will enter into a local downward movement. Thank you for like and share your views!
Brent oil is going down to 78.25$ after bullish turn few days ago. Follow To Get More Signals. If you’re trader and looking for professional technical analysis advice for your trades, send us your case and we’ll serve you. Don’t be hesitate to contact us. Best Regards.
💬 Description: The key price movements happen around the level of 1.38271 for the USDCAD currency pair. A particularly important point for traders trading on a breakout. Now the instrument has accumulated enough strength, and there is also all the technical base for a comfortable entry into a long position. The next two days will accumulate important data...
Preferred direction: BUY Comment: For the Canadian dollar, as part of the general strengthening of the US dollar, we also expect a strengthening of the American currency. Here oil can come to the aid of the Canadian, which is expected to slightly recover in price. However, the local target is still located above the current price, behind the local highs. ...
Oil Brent W1 - The formation of a 3-wave structure continues D1 - The price has reached 161 lvl. 3rd wave, which may mean further movement down to level 200 - 261 H4 - The price is in the correctional 4th wave, you can see the formation of an ascending channel. If the lower trend line is broken or fixed behind it, further sales to the levels of 75.4 can...
Retesting a broken daily horizontal structure, Crude Oil formed a tiny double top pattern on an hourly time frame. The neckline of the pattern was broken after the market opening with a gap and a consequent strong bearish candle. We can anticipate a further bearish continuation. Goals: 75.9 / 75.5 ❤️Please, support my work with like, thank you!❤️
Brent on the daily chart, I see a technical signal that BRENT OIL is going up to test 87. After closing 2 days above 87 or crossing 87.6, the target will be 90 and 92.5 Stop loss 81
💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary...
Important update for WTI. Price action analysis. Important key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
In this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis,...