USDCHF has broken out the downtrend resistance, i am looking for a nice rejection before going long.
The US dollar index seems to be gaining some bullish momentum which also gives me a heads up about going long on USDCHF. ILL stay updating this chart frequently and comments or question feel free to speak out.
TP : 1.003
SL : .9820
In that sp500 will be in consolidation for a while before making a break through higher highs for the mean while it will be trading in between the two lines seen in my chart. Not adding to much information into this since im only speculating.
Gold has broken the range trading, at the moment its sitting at a support zone making its decision if it should keep going up or jump back into rejection. The closure of the 4H Candle is very important, a strong bull candle with indicate a continuation to the 1300s.
Gold has a potential long, once it breaks the resistance of 1277 zone, it already broke the penant and retested all we need is more confirmation since the 1277 zone has been a resistance for the last couple of days
Currently Crude oil sitting at 52.24 at price area where it has been rejected multiple times, Im looking to short it once theres a bear signal until the uptrend support area. If the Resistance zone is broken this is no longer valid.
Regression channel is showing sentiment of a bearish trend in the Weekly time frame, waiting for a strong break out of the EMAs for a clearn signal, just an idea not a trade at the moment.
