The Monthly chart image below shows the major resistance and support levels to look out for this pair.Currently the price is stuck between 126 and 131 levels and its looking to retest either of those levels again the coming days
Looking at the Monthly charts again it can be observed that the price is confined in the long...
On the daily chart the correction seems over, we will have confirmation when a bearish pattern will appear.
We are on 61,8% Fibo.
Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance.
So i think the trend line could work again as dynamic resistance and will push down the price.
Leave me comment,...
The dynamic support, has arisen from the lows reached by the prices in March, sees right now testing its trendline.
Although it seems to have been a breakout, it is important to follow developments in this area.
The intersection of both levels should prompt us to monitor the market with extreme attention, precisely because of this area could have important...
New bounce on annual support.
Copper bounced back again to the important annual dynamic support.
This raw material is returned back into the price squeeze.
It is priced in dollars, will definitely important to see his reaction to the Fed meeting on November 2 and the US presidential election.
These two events could lead to breakout of the triangular figure,...
Price has hit a major support area at 101.500. It has been a nice test but It will have to retest it sooner or later.
Looking at the daily price is moving on a nice downtrend. Price hit and rejected the 50 MA numerous attempts confirming it has turned into a dynamic resistance.
There can be either of two areas which can bring price down to...
Price action has rapidly declined and up until now there's not been much to catch that falling knife. We now have reached a nice area where we have some key dynamic trend line supports and right into previous support. A mid / longer term trade but am publishing it to follow it.
PRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC...
LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES...
BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
Dynamic intra day hedging:
Fundamentals and and a lack of
interest in the euro has has it fall
substantially, USDCAD is -95%
corralated to the EURUSD
and we have seen a strong canadian
dollar over the past few d
ays. effectively by creating
two positions one short on
the eurusd and one long in usd
cad with the same lot sizes
we can effectively minimize...
This chart shows USOIL, West Texas Intermediate Crude Oil futures, on a monthly timeframe.
Plotted on the chart are our SCMR Dynamic Levels™, which dynamically plot support / resistance zones and are accurate at finding targets. This indicator is available in the TradingView App store under Analysis Suite - SCMR Trends.
The BIG QUESTION: Is crude bottoming...