Daily chart Weekly chart Weekly DXY Chart @ Range support
DXY is still trading within the week range of March 16th 2020.
Possible long entry on break of descending slope line. Stop @ 0.9595 Targets on chart.
Euro broke out of ascending hourly pitchfork. If euro breaks and closes below yesterdays low on an hourly candle, it will probably run towards - 1.1025 - 1.0975 Stop @ 1.1160
USD/CHF is still trading within it's Q2 opening range, it is trading at the lows as we speak. Would like to see a sweep below May lows to stop some people out before I would go long and target the Q2 highs again. Daily Chart
Entry on Q2 Open and ascending slope support. Target 1.2300 Stop accordingly.
1-Hour Chart. Wait for a break of ascending channel to enter short.
Gold is currently trading within a defined range, 2020 Open @ 1517.7 and 100% trend extension @ 1452.8. 4-Hourly
Currently testing 2019 Open and March early lows, like to see this area hold for long trades.
Natural gas sharply declined from upper parallel of ascending pitchfork and 2.00, not quite make it to the upper parallel of descending pitchfork. Still very like the long side of natural gas, because of the fundamentals. Oil prices staying suppressed for longer times, will be very beneficiary. Possible entries to play the long side; ~ 61.8 retracement, which...
Watch price action closely from 2019 Nov Low to 2020 Feb low. Intraday Chart
Kiwi rejected from 2019 LDC for the second time this week. Entry ~ 0.6244 Stop ~ 0.6225 Target ~ 0.6336 (Monday daily close) Intraday Chart.
Cad rejected of major resistance twice in the previous days. Entry ~ 1.3766 Stop ~ 1.3822 Target ~ 1.3665 Intraday Chart Broke ascending trend line and looks like a H&S pattern has been formed just below major resistance.
Gold is not doing much at the moment, however on a fundamental basis it should atleast come down a bit. ~ Gold is similar to a currency with 0% yield, treasury yield will probably bounce back a bit higher, so that should be negative for gold. ~ Gold is a commodity which stores it's production costs, namely energy. Lower energy prices, mean cheaper gold...
Entry ~ 1.2970-1.3000 Stop ~ 1.3060 Target ~ 1.2785 R/R ~ 1:2