Last week the dollar finally traded in line with fundamentals again, with the Dollar Index gaining four out of five days. There had been a strong bearish sentiment surrounding the dollar for the last couple of weeks, helped by key data points coming out unfavourably and when a currency is fundamentally bullish, but sentiment-wise bearish, the result is choppy ...
There is a fresh and strong supply above, which means there are Many unfilled sell orders waiting there for the price to come back And pick them, it's a great supply for sell position, my first target will Be the demand below, the final target is the demand at the bottom. https://www.the5ers.com/blog/231-key-levels-nasdaq-1-12-17
AUDUSD is at bullish momentum at the moment, it seems to remain like that Until 0.7710 zones, the 2 Demand levels I marked on the chart, are Great level of continuing this bullish momentum, therefore I'll buy At the demand below, and if the price will break this level, I'll buy At the demand at the bottom.
The supply level above is a great level for continuation trade, High probability the price tends to reach the demand at the bottom, Since the price didn't hit that level yet, the supply above can a great Level for sell position, the first target will be the support zone, and The final target is the demand below.
At the moment it seems the USDCHF is on his way to reach the supply above, The best situation for me is if the price retraces the demand below before reaching The supply, then I'll buy at the demand, and my target will be the supply above. The supply is also a good level for sell position, both levels are relevant for a daytrade.
LITECOIN: LTCUSD Litecoin is in the process of making a flag, signalling that his period of weakness is just continuation before LTC pushes higher still. Two strikes on the lower parallel spells HOT. Buy on dips now back to 92 and add when the upper parallel is broken on upside for momentum burst into new high ground. Stops under 92 and under the upper ...
The new fresh demand below us that created yesterday at EURCAD, Is a great Quasimodo level, this level change the recent downtrend from Bearish to bullish, and it seems the price tends to reach the supply above, Therefore if the price will retrace to the demand below I'll buy there, My target will be the supply above, which is also a great supply for sell.