US OIL: The uptrend is approaching important resistance area at 77.00-30. July's top alongside with the upper trendline of the channel that contains the uptrend, will make the continuation difficult without at least a short term pullback. We will try shorts at the 77.00 area. Stops above 78.50 targeting 74.50-00
GBPAUD: The pair is testing the strong support of 1.6950-60. An upward reaction seems likely. So we try Buy positions at 1.8760. SL below 1.6920 and Target 1.8805.
AUDUSD: The area of 0.7315-20 is the first important resistance for today as it contains the previous highs and the PP R2. We will try short positions at 0.7315. We will set our stops above 0.7336 targeting 0.7290.
BTCUSD. The resistance at 45.000 is guarding the downtrend. The upper trendline of the downward channel alongside with the EMA89 are making a new leg down possible. Initial support at 40750-800. A break above 45.000 will open the road for 48800...
EURUSD. The bullish daily candle after the FOMC and the inverted H&S pattern that is forming in the 1H chart, are keeping the bullish scenario for EURUSD intact. We are holding our long positions open and expecting for an initial break of the 1.1730-35 resistance in order for our scenario to be validated (the upper trendline of the downward channel) . The break of...
US Dollar Index Daily: Are we in front of a right shoulder formation in an H&S pattern for the Dollar Index?. If so, a smaller H&S that seems to be forming in the 4H and 1H charts must be broken to the downside, opening the door for general dollar weakness. This scenario fits perfectly with the Daily Bullish reversal candles that we saw after the FOMS last week at...
GBPUSD. Although the pound didn't rise from our initial support area at 1.3690-00 and pulled back lower, we still hold our bullish view, as price remained above 0.618 retracement levels. For today, the initial test is the 1.3680-85 area. We will BUY at current levels adding more at a strong bullish candle with close above 1.3685. We will set our stops below 1.3645...
EURUSD: Reversal candle in the daily chart and an inversed H&S formation in the hourly chart. The tested resistance at 1.1745-55 met sellers for one more time yesterday and today the pair is trying to for a base under these levels. If a right shoulder in an inversed H&S pattern is going to be formed, then 1.1715-20 will hold any retracement. The break of 1.1755 on...
AUDUSD is in a corrective formation in the hourly chart and is set to continue higher. The previous broken resistance at 0.7270-80, alongside with PP0, Bollinger Bands and EMA89 provide excellent support for this scenario. So we follow it with Buy orders at these levels, add more at 0.7275-80. Stop will be set below 0.7250 and targets 0.7315 and 0.7330
GBPUSD broke the resistance at 1.3700 and the daily candle alongside with the xtreme levels in the hourly RSI show that the move is going to continue higher. Shorts could be tried at these levels for a retracement back to 1.3710-20. Any retracement will give an excellent BUY opportunity
USDJPY: The pair has entered into the sell zone of 110.10-110.40. We will split our position in two parts. Sell at current levels (110.08) add more at 110.35. Stop above 110.60. TP@+20pips
AUDUSD is approaching combined resistance at 0.7278-80(previous highs and R1). We are waiting with Sell orders at 0.7278. Stop above 0.7305. TP at 0.7255
GBPUSD is approaching the first important resistance area for today at 1.3660-65. We will sell there with stops above 1.3685. Target 1.3640
Reversal candle on strong support in the Daily chart.We are expecting a 2.1600-1800 to enter LONG. Target 2.450 and stops below 2.045
EURUSD. As long as 1.1715-20 holds as resistance the target for the pair is the 1.1660-65 lows, where is also the lower channel trendline. Stops above 1.1735
EURUSD is trapped in a tiny rage between 1.1700-10 and 1.1745-50. Trend remains down as we can see clearly in the chart. Today's announcement will lead outside these boundaries. Upside Break will open the road for 1.1790-1800. A break below 1.1710 will eventually lead to 1.1660-65. The first touch of 1.1790-1800 could be used for Short term Sell positions. The...
VTHO Daily. The charts shows that VTHO is ready for an upward explosion. Get ready...
GOLD. Price continued higher to the next level of resistance. Now the pullback looks like it is over. There is an open target at 1720 area. We are sellers again at these levels for 1720 open target. Stops above 1797.