The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together. It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction. After the break...
Hi Traders, What you see is what you get; 1. The USDAUD is in a DOWN TREND 2. The USDAUD comes into the horizontal RESISTANCE ZONE 3. The USDAUD can find some resistance against the orange TRENDLINE. Let me know what you think about USDAUD
RESISTANCE LEVELS: 168,25 - 168,75 SUPPORT LEVELS: 160,90 - 161,40 155,75 148,7 - 149,20 EXPLANATION: The Central Bank is trying to keep Rates at record low to stimulate the economy. How hard they will try this will never never work, there is always and end. Also to this! The Trend will change at some point! It seems that this will not take a very long...
Short Opportunity in the USDJPY; Nice Set Up with good Risk on Reward Ratio. Short on: 103,60 Stoploss: 104,05 Profit target 1: 102,25 Profit target 2: 100,90
Hi all, Dax gives room for some correction. Nice Short Set up on the DAX. With good risk to reward ratio! Short on: 10.545 Stoploss: 10.585 Take profit: 10.335
Oil is moving down since it find resistance around 51 USD, this is a strong level. The first support zone is around 46,25. And a bigger support zone can be found around 42 USD. For the short term, Brent Oil can move lower to 46,25 - 46,50. When this level will break, the next stop is around 42 USD.
EURUSD is in a Short Term correction since it topped on 1.15. Support can be found on 1.105 - 1.115.