By the looks on the chart the price action looks poised to sell off again.
There is a Super Pivot Stack providing strong resistance now that the market has sold through these levels yesterday.
The new Weekly Pivot will be out soon and this will come down to provide an even stronger resistance.
Go short if the price trades through the current session low...
The CAC40 looks like a nice setup with the bias still supportive to the upside.
However, the price will need to get above yesterday's session high which is just above the Monthly Pivot high.
Go long if the price breaks above 4852 and place a stop loss at 4673. The profit target is at 5108 for a good risk reward trade.
The U.S. stock markets have rallied nicely after last quarter's end of year route.
This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs.
With a Super Pivot Stack in place the price action suggests a move higher from here. At the...
The Pound looks like it could move higher off the current Super Pivot Stack support.
What makes this convincing is it appears to be a key reversal off the Hammer candle with the rally through all pivots, particularly the Monthly Pivot.
Go long, only on strength, if the price breaks out at 1.28020 and place a stop loss at 1.26140 and a profit target at 1.31610
The Euro has had a tough time finding a sustained trend lately. But we now have a Super Pivot Stack formed this session.
Look for support at this level to hold and to move off these Pivots shown on the chart.
As usual we wait for strength to confirm the move and go long the breakout at 1.15030. Place a stop loss at 1.13740 and profit target at 1.17740.
There is a clear setup with a Super Pivot Stack in place. Our bias is to the downside and there is a lot of resistance above our current price levels up to .90188.
Go short if the price breaks .89390 and place your stop loss at .90210. Shoot for a profit target at .87090.
The new Weekly Pivot will be out and the setup shows continued resistance within a Super Pivot Stack.
This type of setup is typically a very reliable one, with all the pivots stacked together.
Wait for confirmation of weakness to sell at 1.11820, then place a stop loss at 1.13460. Shoot for a profit target at 1.08530 for a good risk reward ratio trade.
Well, of the major cryptocurrencies, it seems Ethereum is showing the most promise at the moment. However, many times our hearts have been broken by our favorite cryptos, so with that in mind, let us not get too attached to the promise of profits in this setup.
In other words, this market will have to prove itself like any other, and not pull us into a hopeful...
There is support for the near term on Litecoin. With a recent uptrend and some consolidation the bias is to the upside if we can get above the recent high of last week.
Longer term support is also intact with the new Monthly Pivot Range now below the current price.
For a pop to the upside go long on strength at 33.94000000 and a stop loss at 29.21000000. Place a...
The Euro New Zealand Dollar pair has a short opportunity if you can break below the low for the last hour.
Current price is below the Daily Pivot and bias is shifting downward but needs confirmation by pushing lower.
Go short at 1.7024 and place a stop loss at 1.7095. Shoot for a profit target at 1.6905.
Trail your stop loss to breakeven if price moves to 1.6970
The 60 Minute chart has a buy setup if the price can break above the session high.
A nice hammer candle is also intact from the last hour and the Daily Pivot Range is supportive.
Buy if the price breaks above .99020 and place a stop loss at .98570 with a profit target at .99620
Although we look like we're due for a correction after the recent long trend upward, we can never be sure the market will not do the unexpected.
With the Monthly Pivot Range quite a bit higher now, at the start of the new year, this provides a good support to lean against and remain biased to the upside for the longer term.
We must be prudent and wait for the...
With a highly concentrated set of pivots forming a Minor Pivot Stack there is good reason to be on standby for a good move.
The Monthly Pivot Range has now come down with the new month starting and this will provide longer term resistance. Therfore our bias will remain neutral to down.
If the market can weaken through the current set of pivots it is sitting...
With a Super Pivot Stack formed above the current price, the new month has aligned the Pivots for a bias to the short side.
The strong resistance is formidable enough to give us a good probability trade by going short on weakness through the swing low of a few days ago.
Place a short entry order at .97850, and if filled place the stop loss at .99060 with a...
The setup shows good resistance from a Minor Pivot Stack above current price levels.
Coupled with the Monthly Pivot soon to be released at the end of the session, and there is good probability for further selloff.
Go short on confirmed weakness through today's low around 111.230 and place a stop loss above the Stack at 1.12410.
Shoot for a profit target at 108.740.
With a nice uptrend the last couple weeks the Euro Canadian Buck crossrate looks like it could continue.
The new Weekly Pivot Range is very supportive and the new Monthly Pivot will be supportive once it shows up after the end of today's session.
Go long above the swing high around 1.56540 with a stop loss at 1.54880 and profit target at 1.59800.
This is an excellent example of a solid risk reward level trade that is typically presented in a Super Pivot Stack setup. You could place your sell order below the Stack and the stop loss above the stack which is usually a very favorable size range compared to the profit potential in the trade setup.
You can see all 4 elements that make up the Super Pivot Stack,...
Silver market is setting up for another bullish move. There is a nice gradual uptrend that has occurred over the last three weeks. This is the lead into the recent spike up over the last week.
These are all bullish signs. Now add in the crossover of the 14 Day Moving Average of the 30 Day Moving Average and you have another confirmation signal that is...