Tradecall

Tradecall

#Oil: Price is expected to drop before the next rally. $58.50 being the point of invalidation with a target of $64.75. Should the bears manage to sustainable break the $58.50 level, price can drop further to $54 where demand seems to be growing.

Tradecall

#Gold: A sell signal on the 1hr chart is suggesting price may drop a little giving bulls a better entry point. The daily trend is bullish so the deeper this drop the better the long entry. Will wait for a buy signal to enter long

Tradecall

#USDCAD: Price is constantly making new lows within the falling wedge. Expectations are for price to go further down. For now rallies should be used to get into shorts with a target of 1.2525. A close above 1.2760 will negate the bearish bias

Tradecall

#Caddy sitting on a very strong demand zone. Should the bears manage to take price through 1.2580, we could see price freefall from there.

Tradecall

#Gold: Buying @ strong demand zone. Stop placed @ 1777 & target set to 18111

Tradecall

#ETH: 1680 held off the selling pressure and now price is looking to go to 1900. We should see more sellers come in at that level which should force another test of the 1680

Tradecall

#Gold: Could see some range trading with price bouncing to test the supply zones @ 1830 / 1847 before turning back down to test the demand level 1810. A sustained break of 1810 is needed to take price to the 1795/1785

Tradecall

#Oil: Having broken out of the ascending channel, sellers are now looking to push price lower. A sustained break of demand zone $57.15 is needed for sellers to reach their target of $55

Tradecall

#GBPUSD is heading lower to test the 1.3750 level and is expected to turn around at any one of the demand zones (1.3750/1.3720/1.3685 )resuming its bull trend.

Tradecall

#EURUSD: Price is looking to test the 1.2100 support level. A failed break will give the bulls the strength to push price back up. Should price sustainably drop below 1.2080, the bears will take control and price can drop further to 1.2020

Tradecall

#Gold: The bearish pattern is in play and a target of 1760 for the bears. Stops sitting above 1850

Tradecall

#USDCAD: Price broke through the bottom of the channel. 3 months of sideways action & the bears are ready to take price lower to test the 1.2600 level. More buyers are seen @ 1.2550 where price is expected to bounce

Tradecall

#GBPUSD: Having broken the rising trend line, price is now looking to test it as support level. Failure to break back down will give the bulls the strength to break upwards past the 1.3870 supply level. Demand levels 1.38 & 1.3760 should be strong enough to absorb the sell volume.

Tradecall

#EURUSD: Taking a breather before resuming the bull trend. Sideways action expected then a breakout upwards. Price would have to sustainably break the 1.2100 level for sellers to gain back control.

Tradecall

#Gold: Price testing the 1850. A fail break would mean price should drop to the 1765 level

Tradecall

#NQ is making its way within a rising wedge upwards towards the 13800 level. A breakout to the downside is expected which will start its descent towards the expected target of 13360

Tradecall

#ETH is sitting at the top of the channel and a pull back is expected before the climb to 1900. With bulls in control, It can of course edge upwards along the top to 1900 before dropping

Tradecall

#GBPUSD: The range bound action in an ascending channel is expected to break upwards. With the bias remaining bullish, preference is to buy the dips with stops below the invalidation level 1.3520