TradingExpertGroup

TradingExpertGroup 64 views ・

EUR/USD had a strong impulse to the downside recently, broke down the uptrend channel bottom and might also retest 1.1. This is likely to happen due to the ECB's monetary policy statements. We want to see now the pair retrace and retest the counter trendline of the channel. We will long EUR/USD now from the support zone and put our price target at 1.110. 50 pips...

TradingExpertGroup 84 views ・

EUR/JPY had a strong impulse to the upside last week, now is approaching back the lower band of the channel. Retail traders are 50 50 on this pair, market makers will probably keep the price in a range for short term. From a technical perspective, we want to see this pair retest the 122.50- 80 resistance zone. Best entry for longing EUR/JPY is just under the 200...

TradingExpertGroup 69 views ・

COT reports showing strengthening of NZD for some time, bringing the situation to almost neutral direction of the pair, possibly a range in the future. Based on weak DXY we want to see a push to the upside before going down to the lower band of the channel. Technically speaking, NZD/USD is trading at the middle band of the upside channel. We expect a short term...

TradingExpertGroup 101 views ・

Price of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see...

TradingExpertGroup 213 views ・

Due to further fundamental events and the lately USA - IRAN war tensions, Gold rallied back up and reached 1600. However, from the technical perspective XAU/USD found the strong resistance area of 600-608, pulled back making a fake broke of previous resistance and long term up trend channel. Now, fundamentally speaking the USA - IRAN tensions seem to loosen up...

TradingExpertGroup 198 views ・

COT reports showing change of uptrend for Dollar. We expect downtrend for DXY. EUR/USD trades inside up trend channel and we want to see the next impulse to the upside soon. Best entry is at the 200 EMA 1.110 price level, still we can start longing the pair already. First target is 1.123 found at previous high. On the longer term we still have a bullish view on...

TradingExpertGroup 161 views ・

WTI hit the 63.50 target. Now from a technical perspective USOIL needs to pullback at least to the 200 EMA level of 59.50. Potential of entering back the channel. Non-commercial's are holding massive amounts of longs (91%). They should start closing, changing the trend of the WTI Crude Oil. And of course, all of the above is valid only if fundamentals are...

TradingExpertGroup 248 views ・

WTI trades at a three month high currently, around the 60 psychological value. From a technical perspective, we want to see the USOIL drop from the resistance given by the descending trend line, all the way to the 0.5 fib level of previous daily impulse which also aligns with previous structure. Previous Daily High 61.05 Previous Daily Low 60.04 Previous Weekly...

TradingExpertGroup 145 views ・

XAU/USD From the technical perspective, gold finds strong resistance at 1475-80 zone, given by the bearish downtrend channel and previous strong fib level. Now if gold breaks counter trend line, on retest of 1465 level we can start shorting. From the fundamental perspective we are still waiting for the us-china trade war ending. If we will have the phase one...