U.S. DOLLAR / BRENT CRUDE OIL

USDBRO IDC

Mastermind89

Corona is still here.

Trend_Trader_JSE

FX_IDC:USDBRO FX_IDC:USDBRO is piercing the 50EMA (daily time-frame), let's see if it close below it. If it does, it opens an opportunity to test the 200EMA. A potential 1:2 risk to reward trade.

sreebhashyam

Brent had the first test towards the 60 handle and then bounced towards the 65. 65 has been held like rock and the probability of break of 60 increased. Sell here stops above 65.50 (aggressive 66.20) for move and break below 60 towards the 57 handle. (part profit or add break of 60 are other options) Longs will be looked only break and close above 66.

Pika7993

Above was forecast for oils movement to retest 65. The forecast was spot on and was done so by correlating RSI and MACD playouts while mapping the key support zones. This will be a detailed explanation of this simple strategy. I am heavily relying on this strategy as the market has been all over the place and creating...

sreebhashyam

Brent broke he trend line channel and ideally should have moved towards the 64 Handle. However the huge bearish candle rushing towards 62 warns of deeper correction. However, what aids this to other asset classes. Will it take them down or aide them to move up. That needs to be seen. For now break 61.90 short with short stops 62.60 for move towards 60.30 look in order.

JesseMorgans

Brent Crude looks like it needs a retracement after its stellar recovery. On the weekly chart we can see that its overbought on all three signals. Oil producers need the price to stay above roughly $40 a barrel. In a controlled environment with limited exogenous impacts the price of oil should stay above $40 a barrel. That being said, $70 a barrel isn't going to...

Pika7993

Finally we are seeing a sharp pullback following a huge jump in price with a small gap (which signaled exhaustion at this level). Naturally the trend will retest our previous major resistance now support at $67. Technicals pint towards the retest. MACD/SIGNAL made a beautiful cross headed towards 0 line. RVI is making a parallel correction through 0 line which...

aox8zs

Buy Zone

Bombr

Hi everyone. Just another risky idea about market trend. Indicators demonstrates a nearest bull trend - we will see it soon. My graph shows a several dinamic ways of next brent trading. The unreal predict to me stays on 1 way of stability growthing. Second way shows another impossible way in my prediction. My opinion - the possible of dinamic is 3-4-5 way and much...

ForecastCity_World

Midterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 64.83 on 02/18/2021, so more losses to support(s) 58.65 and minimum to Major Support (54.40) is expected. Price is...

Pika7993

While DXY has been gaining and maintaining strength we have seen huge momentum in oil price. Based off day chart trend I mapped out the expected key resistance retests for continuation. This should be a 3 entry trade with TPs at key my resistance levels. Please comment with thoughts and ideas. Thank you.

ForecastCity_World

Midterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 54.40 on 02/01/2021, so more gains to resistance(s) 62.30, 66.05, 70.35 and more heights is expected. Price is above...

ForecastCity_World

Midterm forecast: 52.45 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 57.25 on 01/13/2021, so more losses minimum to Major Support (52.45) is expected. Price is above WEMA21, if price drops...

the-crypto-analyzer

USA Brent Crude Oil has lost its 55$ channel and falls into 54~55 but the bearish power last week was so strong that I don't think that the chart may go back in its previous channel for now so as the market open as the money flows in the chart goes a lil bit higher but it counts as a pullback and then more corrections so be ware with your assets if you are a...

ForecastCity_World

Midterm forecast: 52.45 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 50.55 on 12/23/2020, so more gains to resistance(s) 58.65, 62.30, 66.05 and more heights is expected. Price is above...

pmnra

USDBRO @elliotechnic

ForecastCity

Midterm forecast: 46.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 52.38 on 12/18/2020, so more losses to support(s) 48.95 and minimum to Major Support (46.50) is expected. Price is...