EURUSD closed the weekly candle with a long legged Doji outside the bollinger band.
Not to mention the massive support zone we have around 1.0510.
This could activate a rocket correction from the last 14 days of downtrend.
Another interesting thing is the movement from November 2015.
After weeks of downtrend the ...
Entry Date: Thursday 03/11/2016
Entry Level: 104.16
Stop Loss: 103.30
Target 1: 105.50 (50% Size)
Target 2: 106.90
Target 3: 109.90
USD/JPY Monthly Candle was a long bullish candle and in my opinion we will see in this month a similar candle.
The last bullish movement in gold stopped at the EMA 200, 0.382 retracement, and the old trend channel.
I would like to see the gold price going down to $1240 to retest the October low where it might continue the bearish trend towards $1200.
We have important news for the USD this week and the US election is in 10 ...
Looks to me like the USDJPY pair is on the way to test the high from July 2016 at 107.50
Around that level is the EMA200 which will be a resistance.
If the Bulls' have collect enough strength to break trough and close over the EMA200 and the High from July 2016, i will expect a bullish movement towards 111.00
Breakout through 10650 will be a short setup down to 10600///10500
Breakout through 10730 will be a long setup up to 10830
I except that the DAX for the first few trading hours goes down to 10650 then up to 10700//10730.
Looking for a short breakout out of the old trend channel.
A retest of the trend channel resistance after a breakout will give an opportunity to find a short setup.
Short Targets: 0.6890////0.6680
If the support line 0.6890 holds after at least 2 retests, i will look for a long setup.
Long Targets: ...
The Dax tried the last couple days to reach the old yearly high but couldn't close over the high of August at 10800.
I expect the price to fall towards the support at 10500/10450.
I'm expecting the price to rest in the range between 10350 and 10750 until we know who the next US President will be.
I see a ...
Price turned at the MA200. Now a bearish candle in Daily Chart.
Expecting a price correction to 30.00 thenn a up move to 38.00
RSI, Stochastic and MACD overbought.
Entry Level: 30.00
Stop Loss: 29.00