The sugar has two main reasons for be bought right now:
1. The Sugar is following a big daily range, which know has started to go bullish and all the indicators indicate this. The RSI is the mainly range indicator, and it is indicating a buy in hourly and daily frame
2. The Sugar has broken a important bearish channel, now a long is happening, and it going to...
Daily Downtrend. A sell is approaching around 8830/40.
The RSI is confirming the downtrend and the approaching sell
The Bias in daily is changing to bearish
A violation above the trend line would invalidate this setup
There is a great opportunity to short EUR/JPY with good R:R Ratio
The EUR/JPY has started a hourly downtrend, and its turning bearish in the Day Trend
The EUR/JPY has broken a resistance in this downtrend, an know as showed is in a retest of this broken resistance and also keeping the down trend
The short of this pair is also confirmed with the Bollinger Band...
The USDJPY has broken the important hourly and weekly Bullish Channel
Now, The USDJPY is retesting this broken bullish channel as expected, for that, a fall when the retest is finish between the levels 110.500/110.600 is expected
Hourly, the USDJPY has a bearish bias, but Globally, the USDJPY has a bullish bias, for that I expect the price to fall to the line of...
Australian is entering in a new Covid-19 Range, the Australian Economy is looking affected in a short term again, and that includes stocks. The AUS200 Indice for Australian Stock have been ranging since these new news, now the range is viewed in a multi-frame way.
A Strong sell is recommended at levels: 7360-7390, following the range. As seen, The Momemtum...