USD CAD has climbed above the pivot, a rise to challenge the resistance level is therefore likely.
Euro dollar looking like a short trade on the hourly charts.
Bulls or Bears to win, you decide! Be greedy when others are fearful, be fearful when others are greedy!
Which way it break you decide! I think it could break higher...
Potential for reversal on the UK100.
EUR looking like it's struggling this morning, will it break down?
Bearish case shown for NASDAQ CFD, potential to continue this week if the 50MA continues to show as resistance on the 1h
So the USTECH100 CFD has shown a strong demand tail on the 1h chart earlier this evening, possible reversal potential with divergence between price & RSI. Taking a step back, on the daily chart, we can see the index is challenging the lower midline of the ascending pitchfork. If it holds, the bull could be back! If it doesn't hold, we could be heading for...
Very interesting demand candle showing in this evening's session! Divergence between RSI and price suggesting market correction is weakening. Could the bull return on Monday?
JPY basket is at a critical junction point following touch of descending trendline from March. Will the Bull charge cause the JPY to breakdown next week? Or will the Bears push it higher still?
DXY possibly showing a path to resume its decline? 4h MACD has crossed the zero line.
Dollar Yen has been in a tighter range over last couple of weeks, now its near the bottom of it... Could it break lower or will it meander on some more> You decide!
On the daily candle, it looks like it's ready for the next leg up... Will it break out, or will it break down, you decide!
Silver has built a nice ascending channel, can it break out?
EUR/JPY looks ready to break higher from a wedge on the 4h chart Price is just above the channel mid-line suggesting a move higher is more likely, recent price action could also be showing a failed breakout lower from an ascending wedge on the daily chart. Current market sentiment today appears to be for 'RISK ON' which would favour EUR over JPY.
I think a pullback to channel support is likely before potential for resumption of bullish trend.
I think the dollar can find strength this week, looks like a possible breakout higher after test of big support. USD/JPY possibly in a range, target is upper end of range.