Last week Crude oil closed bearish for the week, retesting 36.63. This week I’m lookin for more bearish momentum and possible continuation to the downside. If price can close below 36.63, next target will be 34.51.
If you have any questions please feel free to comment below.
After breaking structure at 1964 last week, gold pulled back for a retest of structures before pushing back down to 1930.
If structure holds we could see gold fall back down to 1875 and next target would be 1818.70
If you have any questions please feel free to comment below.
Price is starting to break out of the ascending channel indicating that we could see a push to the downside, retesting 1.5600.
If price breaks 1.5600 next target would be 1.5475
If you have any questions please feel free to comment below.
Crude Oil was rejected from the 42.5 zone and price action began to show signs of trend reversal. If price fails to close back above 41.38 we could see oil push back to the downside, retesting 39.00.
If you have any questions please feel free to comment below.
EURUSD continues to maintain bullish momentum, closing above 1.1150.
If price retraces back to the 1.1150-1.1140 zone this could provide a possible long opportunity back up to 1.1200.
If you have any questions please feel free to comment below.
Looking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you...
USDJPY continues to maintain structure, finding support around the 107.40 zone
If price can close above 108.10 we could potentially see price break out of the channel, pushing back up to 109.37
If you have any questions please feel free to comment below.
GBPUSD finds support beginning of this week and breaks out of the descending channel before finding resistance around the 1.2260 zone.
If price can close below 1.2230 we could see a bearish continuation back down to 1.2000
If you have any questions please feel free to comment below.
Gold retest the 1750 zone today but failed to close above putting in a lower closing candle on the 8 hour timeframe.
If we get a pull back and retest the zone we could see price push back down to 1700.
If you have any questions please feel free to comment below.
