As long as price action stays above the lower trend line that currently comes in at about 0.7296 and increasing about a half a pip every hour, we will likely see the 0.7408 level on the upside in the shorter term.
Long the GBPUSD from current levels to catch a bullish move higher and expecting the 1.3290 level to be hit as our target level.
We really like the long side here from current levels looking for a bullish move higher to the 135.88 level. A move above the 134.20 will likely get price action on its way to our target.
We are long looking for a bullish move to develop targeting the 0.7558 level. There is room for this trade to run much higher, but we will start with this target level first.
Looking for price action to develop a bullish move in the shorter term to target the 45.99 and 46.28 levels on the upside.
If price action does not find support soon to make a run a run at 0.9832, then its likely price action continues lower to the 0.9570 level. Either way, the 0.9570 level will be achieved in the upcoming trading sessions.
Short USDCAD for a shorter term position targeting the 1.3026 level on a move expected to develop to the downside soon.
Although we are longer term bearish, we believe a shorter term bullish move will develop soon. The initial objective is 2145, and once price action breaks above that level then the next target is 2182. Perhaps it will be time to setup for another bearish position at the point.
As long as price action stays within the longer term downward channel we will likely see a bearish move lower develop in the shorter term to target the 101.19 and 100.81 levels with room to extend further lower. There are multiple levels of interest to the downside, but the levels mentioned are probably the most important in the short to medium term.
We like the short side of the 10 year treasury note for a bearish move to the 1.59 level as a target. Price action could continue higher to 1.73 from current levels, but the 1.59 should be achieved before a longer term bullish move is sustained. So on the longer term scale, we are bullish for price action to make a move for the 2.11 level, which could be reached...
We like the short side of the S&P 500 at the current level of 2172 and adding on a possible short term move higher to 2180 and/or 2186. Our downside initial target is 2155 and and final exit target is 2151. Of course this could develop into a larger move lower if 2151 is broken decisively and then the 2083 level would be the next level of interest.
There are many levels to be interested on the downside for the SPX. Could price action move higher, yes, but it is very likely that price action finds its way below the 2000 level by the end of the year. If not by the end of the year, we will see below 2000 in the months ahead. The levels of interest to us on the downside are: 2150, 2082, 1976, and 1932. Below...
Entered long USDCAD with premium members at the current level of 1.2927 to catch a bullish move higher to target the 1.2996 level.
Short AUDUSD from the current level of 0.7720 to target the 0.7664 level. Once price action gets through the 0.7706 level then the next stop should be our target level.
Looking for a move lower to develop soon to target the 101.84 level at minimum. There are many levels to the downside that could be targeted if price action breaks down below that level. With that said, being short here makes a lot of sense.
We just closed a short crude oil change on a really nice move lower. Its time to get long now at current levels to target the 46.46 level on the upside. Once price action gets through the 44.86 level our target will be in sight.
Looking for a short term move lower to the 1.2989 level at minimum.
For those that were in this trade with us, we posted our crude oil forecast over a week ago when a lot of forecasts were getting pretty bullish. We got short crude oil looking for a move lower to the 48.33 level at minimum and our target was the 43.62 level. The focus was a break of the 47.31 level that enabled price action to move more swiftly to the...