Clear horizontal resistance area here, that may provide a trading opportunity. Watch for a breakout or a reversal. Note: A breakout would complete an inverse head and shoulders. Good luck Subscribe to my trading portal thefxchannel.com , My best regards Technician
A good level to watch for trades for short term traders, watch for a rebound or breakout. Good luck Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com , My best regards Technician
Looks like EURJPY is testing a key resistance here, watch out for short term bearish bounces. A breakout above that resistance more precisely the top of this resistance region at 1.3667 may also signal good long setups. Good luck Exclusively Subscribers to my mailing list will get one month access to my trading account . Subscribe here thefxchannel.com , My...
1.4100 has been a critical level, so far the price fails to close a monthly candle below that support level. We also have the rising trend line that started from August 2011 major bottom. Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here thefxchannel.com , Technician
I've been doing this analysis by hand since April 28, 2015 in a spreadsheet at Google. 4/28/2015 1:30 PM 46.70% 53.30% 18111 17960 4/29/2015 9:44 AM 40.00% 60.00% 18083 17975 PFE, MRK reported 4/29/2015 2:26 PM 46.70% 53.30% 18055 17975 4/30/2015 9:55 AM 46.70% 53.30% 17968 17970 4/30/2015 10:47 AM 43.30% 56.70% 17930 17977 4/30/2015 3:54...
Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may...
We are sitting on a prior consolidation level (230-235). These are the possible outcomes: 235 holds, we break up, inverse H&S resolves, target 280-290 235 breaks resulting in a meassured move down to 180 Last time market retested such a major consolidation level from above, OBV was in a downtrend, thus price continued the downtrend. Rightnow we have a...
The next potential key resistance area to watch for the NYMEX light sweet crude over the near term.. watch for a reversal or a breakout. A good trade could be at hand soon. www.thefxchannel.com visit.. vote..subscribe
The key support area to watch for the SPX over the near term.. watch for a reversal or a breakout. www.thefxchannel.com visit.. vote..subscribe
The next potential key support area to watch for the AUDCAD over the near term.. watch for a reversal or a breakout. Note: could be a good area to scalp longs.. www.thefxchannel.com visit.. vote..subscribe
The next potential key resistance area to watch for the EURGBP over the near term.. watch for a reversal or a breakout. Note: could be a good area to scalp shorts.. www.thefxchannel.com visit.. vote..subscribe
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
The next major Daily (short term) support level to watch for the USDCAD. Watch for a rebound or a breakout. Looks like a great tradable level. A break below increases the chances of more downside. Check my new website thefxchannel.com , vote and subscribe My best regards, Technician
The next major Daily (short term) resistance level to watch for Copper. Watch for a rebound or a breakout. Looks like a great tradable level Check my new website thefxchannel.com , vote and subscribe My best regards, Technician
The next major weekly(medium term) Support level to watch for J&J. Watch for a rebound or a breakout. Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout. Check my new website thefxchannel.com , vote and subscribe twitter.com My best regards, Technician
The next major weekly(medium term) Support level to watch for the CADJPY . Watch for a rebound or a breakout. Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout. Trade forex with me, check my new website thefxchannel.com , vote and subscribe Join me at twitter.com My best regards, Technician
The next major Daily (Short term) Resistance level to watch for Google. Watch for a rebound or a breakout. Even if witness a breakout, usually short term bounces are highly probable before any sustained breakout. Trade forex with me, check my new website thefxchannel.com , vote and subscribe Join me at twitter.com My best regards, Technician
The next major Monthly support level to watch for the GBPCAD.. This level was recently broken and turns now to a support, we might see bullish resumption on a retest of that support , seems like a great place to look for long setups... www.thefxchannel.com .. visit .. vote.. subscribe Technician