Looks like is still has room to go a little lower as the daily is closing below support. We've added the fib to give a clearer picture. Please do give us a like, comment and follow. 21FX
EU! Needs to close above here on the daily to target the level we've identified above. Rejection here and it looks like its ready for a bit of a fall!
GJ! Looks like its coming back up to retest the breakout. Its still within in the trend so has room to go higher and target that main resistance level again. Its been a nice trade up and down on this, hope you've capitalised on it!! Please do give us a like, comment and follow. 21FX
We're still bullish on this. The IHS worked well but there is nothing above to reference the top! Its looking like its getting ready for another move upwards as long as the support holds. Please do give us a like, comment and follow. 21FX
Were were expecting Oil to reject at the resistance level but its broken through. Now its back inside the triangle and potentially forming a IHS. If this supports below its bullish for oil. We'll look for the support to hold and get it on this. Please do give us a like, comment and follow. 21FX
BTC has followed our plan mostly where we've followed it from support to the levels we're at now. Is it getting ready to form a H&S on the daily chart? Lets see how this support holds. Needs to break above and close for this to continue bullish. If it follows our projections this is bad news for BTC. Please do give us a like, comment and follow. 21FX
As we illustrated in our previous analysis ETH made the move down after rejection at the retest of the break out. Its looking bearish to us short term with support below. Will it hold or break? Please do give us a like, comment and follow. 21FX
We suggested in previous Silver illustrations that we were exepcting bad news for this PM. Its now rejecting at the TL support turned to resistance. Will we see more of a sell off on Silver taking this lower? Its almost a double top on the daily too, so lets keep an eye on it. 21FX
Another rejection from just below the 1810 level where Gold has struggled previously. We would like to see Gold face more rejection at the 1795 level which will most likely push the price down towards the 1770 levels which would be our first target.
We thought we would share the 4 hour chart as well. You can see the trend has been broken and the price is now within a triangle. A break towards the downside and there isn't much to stop it going down towards the 1750 level and below. A break to the upside and the price will go to test the 1795 level as its first target.
Huge move for Oil last week targeting the lower level support region. Fridays daily close still looks bearish on this. We would look for this to take some time to rest over the start of the week so a small move to release pressure could be on the table. 21FX
Students have done well on this so far. Its rejected from support and needs to break above that level again to go higher. Resistance above and it could potentially be forming a H&S to complete the move back down. Important week for this. 21FX
Typical Gold ranging movement here before an event. Gold does not look like its finished with the range so expect this to stay here within the early part of the week before it makes its move. Important week for Gold. A support below around 1767 needs to break for this to go lower. 21FX
Nice move here for BTC from the support level highlighted in last weeks session. We're approaching that key level now where the market will react. A strong close above on a daily chart is needed here. This could be the market getting the later buyers in only to turn again and come back down! Trade this carefully up here. 21FX
We've taught our students about what to look for in trends, especially if there are trends within trends. If this breaks up above here, this is going to be very bullish! Rejection is bad news for the dollar and good news for the correlated pairs. 21FX
This is crucial for EURUSD. Closing on support and just outside the trend. Many traders are bullish on this, is it going to cause them a bit of a headache! Bounce here tomorrow and break back in, this is bullish, a 4H close here would give us a triple bottom....Lets wait and see! 21FX
We really like trading this. IHS, broke, rejected at the median and now coming back to test the support and neckline. We'll keep a close eye on this one! 21FX
oil is trading nicely within the trend but now sits at the bottom as well as at support. Its also within a descending triangle.....Will it bounce or, will it finally break? When it breaks it will have enough in it to really make a move. Tread carefully on oil traders! 21FX