112.50 is what we call MOB ( make-or-break) in trading terms. confirmed break below opens the way to much lower levels. 1st intraday support is 112.15. If it "makes" a revisit of 113.xx is coming. Stay tuned!
After the long rally, its has been to easy to make money, just buy whenever and make profit. Fairy tales are usually good but sometimes the dragon comes out and then...you know the rest..;)
As long as below 3800, we are still in corrective mode, wait for upside break of 3815 to enter long.
Now we are just below resistance area, after support area held to the pip ;) We expect a minor correction to 92,20/30 and then take out the highs. If DXY closes decisively above 92.70 then prepare for a dollar rally like the one you have never seen before ;)
Cable stalled just above the support area 1.3465/75, if it breaks lower next support is 1.3435. We suggest trading the break down of 1.3470, SL 1.3512 TG 1.3381
DXY approaching support area 91.60/70 below this area, opens the way to a move to previous lows. Else needs to close above the trendline to move to higher levels. While FOMC is only one day away volatility is expected to be increased!
IF 1314 is breached, Gold becomes short again with next targets much lower, lets see if 1314 support holds, and give 3-4$ to longs
After recent steep drop, xbt is recovering in a wave b pattern, those b waves usually end at 61.8 or 50% of wave a, so we are approaching critical reversal levels, the strategy that we use is waiting for an reversal pattern in shorter time frames in order to sell. Stay tuned! We will update when we see the reversal.
Cable went parabolic last 2 days, we are expecting a revisit at least to the 25ema , 1.3350, when this move starts to reverse, we expect this to happen in the start of the new week tomorrow. Stay tuned!
Devoted to all the GU long lovers, do you think this is bullish....see you in a few months then at 1.2xx
After the impressive rally yesterday, stalls exactly at the resistance line, needs to close decisively above 92.50 in order to move higher.
If the analysis is valid we might have seen the top of this year at least for the pound, with all the brexit things still in front we are looking for a technical point to mark the end of this rally. We are opening a short position at current levels and willing to add some if price makes us the favor and moves a little more up.
Inflation numbers were expected in the UK, so the main driver for this move I believe it will fade out, EG is sitting above the support of 0.90 so I am starting a long position here
I am looking to build long positions from now on, a retrace much higher is coming.
Resistance area of 2480-90 should contain any up-move for now. SPX should have a look at 2420 the following days. A clear break of 2420 is needed in order to start a more prolonged down-move .
While longer-time frame trend is down, we might see a correction higher. I dont trade it, unless any clear setup appears.
In this chart we see clearly that oil is trading in the zone $39-$55 and needs something very big to move outside, latest hurricanes and geopolitical news didn't affect price much, so I wonder what will.
Zone 0.96/97 is good support, so we are looking for buy setups next week, if the reversal materializes we can see levels as high as 1.02/03