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USDCHF price is struggling with the key support 1.0055. For now bullish trend still valid unless price breaking 1.0020. Next 11 bars on 4 hours bars are important.
Bearish overview depends on the price stability below 1.2960.
If daily candle close below 1.2960 (50MA) then take a short for 1.2800 and 1.2710
Daily close above 1.01050 then take another long for 1.01689
If price holding below 0.7180 then AUDUSD will decline and may touch 0.7220
Forgot to publish this idea.
Moved ST to break even
If price remains stable below 1.1440 then bearish trend will continue. If daily candle close below 1.12900 (200MA on Weekly chart) then take short for 1.1180.
Gold price touch target area at 1208 and chances of extending the bearish wave to continue. I will prefer to take short trade from 1222 for 1198.
Most of the OPEC countries are going to boost oil production so I don't see any uptrend.
Bullish trend kick in after breaching 72.20 and holding above it otherwise decline will continue.
Crude Oil stuck between the trend confirmation levels represented by 65.50 support and 66.40 resistance, waiting to surpass one of the mentioned levels to detect the next targets clearly.
Until the confirmation I prefer to keep on side.
Explanation on chart
Crude oil is still trading above its 50-week MA
Personally I do not trade SPX but this is just an idea
Prices broke above the 50-day simple moving average and a declining trend line in place. Trade wisely
I opened my positions from 1244.
I will go long when gold will close above 1273 on daily chart
Crude Oil target the 200-DMA standing at $41.17.
Note: This just an idea not a trading recommendation.
Oil has formed a lower high and lower low which indicates further downside with $41.00 as the next target. However, any upside will find resistance at yesterday’s high of $45.04.
I opened my short position from 48.55 from 45.55.
Note: This is not a trading advice.