We were looking for this to try and break the trend. Today and tomorrows candle close are important to determine short term direction for this. 21FX
We're in the middle with Gold at the moment as there are arguments for both bullish and bearish scenarios. Gold has rejected once from the previous support region which is now resistance. Its done well for us so far, we will now wait and see how the weeks news affects the pair. 21FX
That Bullish engulfing candle failed to preject BTC higher. Once again it rejected from the highlighted area and now looks to be coming back for support. Resistance on this is around 46,339 21FX
Very bullish movement seen in ETH which looks like it could continue a little higher. Could this be the place where they get the late buyers in and then start the pullback? We'll wait for that minor trend line to give us the indication. Please do give us a like, comment and follow. 21FX
GJ! Still playing nicely within the support and resistance zones. Support looks to be rising though so a breakout could be imminent. Its been nice trading this in this range but now could be the time to play it with caution. Please do give us a like, comment and follow. 21FX
Many traders are bullish on this as it rejected from daily supply forming the intermediate double bottom. We have some road blocks ahead on this pair to watch out for, the ideal long entry was from below where traders got in but it surely looks like there is room to the upside on this pair. Please do give us a like comment and follow. 21FX
We haven't done much work on the DXY but the chart is looking good. There's a double top inside a double on the Daily, which in an ideal scenario is very bearish. We would however want to wait and see how this reacts in the first couple of days of the week, we would want see this resist above and then break the support below. Breaking support could push this...
Gold has been a nice trade for both buyers and sellers being able to capitalise on the huge volatility this pair is seeing. We would say its follow our roadmap very well so we shall continue to look for this to hit the 1800 level or just below. Please do give us a like, comment and follow. 21FX
This is a worrying chart for Silver. Its broken down quite forcefully and is trying to pullback towards the 50% level of the impulse. Now we will wait and see how it reacts, its testing what could be a trend inside the trend, rejection here is bad news for Silver as there isn't much below to stop it. We have to wait and see, right now we're neutral on...
We've found support here so it will be very interesting to see how we open. Wicks here on the Daily and we're looking at the makings of an IHS, this can push much higher to the upside. Please do give us a like, comment and follow. 21FX
Seems a little exhausted but still has room to go higher. Support below must hold. It will be an interesting week ahead for this. Please do give us a comment, like and follow. 21FX
BTC is reversing from just above our target area for a short. However, a very bullish daily close above the zone which could mean a small pullback and then another push to the up side. Unless we get a bearish candle closing below that support level its looking bullish. Please do give us a comment, like and follow. 21FX
Too many trades are getting bullish on this at the wrong levels. As with our last publication, we expected this to go up and test that level again, this is where we need to wait for either a break or resistance again. Until this breaks resistance above these is still a chance it will go down leaving late buyers holding on again. Please trade this...
Movement for NATGAS in its organic structure. We will look for this area to break either way, the best entry levels for this are above or below. Don't get trapped in the middle. Please do give us a like, comment and follow. 21FX
GJ! Working well within the trend using the zones for entry and exits. Looks like we're coming back towards the support zone again. 21FX are pleased with this pairs performance thus far. Please do give us a like, comment and follow. 21FX
Gold has been working well for us here at 21FX. Now we'll take a look at the 4H chart and identify any possible target areas for the rest of this week. We can see there is support just below and the immediate resistance level of around 1770 and above that 1790. We would imagine the support level of 1745 - 1740 to get a visit at some point where if we find...
Theres a slight double bottom forming on this which could push it higher towards the resistance level above. We would like to see this resist above and then come down towards support which could be the completion of of a potential H&S Please do give us a like, comment and follow. 21FX
Looking at EURUSD we can see the break of the trend and a reversal pattern in progress. We would look for this to support just below before making a potential move higher. Breaking the support level will lead to a re-test of the trend again. Please do give us a like, comment and follow. 21FX