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wetradecommunity

EUR/GBP has broken a daily downtrend and an hourly downtrend. We are waiting for a retest of the previous resistance which also is the 50% retracement of Fibonacci, and we are also waiting for it to act as a support to see the price fly up to 0.88555. We need to be careful because the indicators are showing us an overbought EUR/GBP and the retracement could be...

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NZD/USD is in a range between 0.73000 and 0.71400, and is creating a chart pattern formation known as Head And Shoulders and a possible triangle. If it breaks below 0.71400, we'll probably see the price fall down to 0.69500. If the price rejects 0.71400 and breaks above, it might continue its way up to 0.74500

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EURCHF is breaking a resistance that is in the middle of a descending channel and is looking to touch the descending trendline. In the other side, we have the RSI and the STOCH very overbought, but we think a retest of the previous resistance will clear the indicators for a clean breakout. The break is a confirmation for a move to the 1.10300 area. If the...

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As you can see here, we are waiting for a break of support and a move to the next support (0.75800), if that support does not hold, we could see a bigger fall into the 0.7200 You can see this other idea (longer term) on the related ideas down in the description. If it does not break, we will see a retest of the weekly highs 0.7800's It has rejected the zone...

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As we can see, AUD/USD is forming a head and shoulders formation, this would fit in to the idea of a fall in american markets (as we can see in the other ideas uploaded (watch related ideas in the description)) as AUD/USD has a big correlation with the markets.

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Double top formed in Brent, if it breaks below 67.30 we'll probably see a strong move to 65.00. And if it continuous breking 65.00, we can see a bigger fall aming to 60.00 (We will update if this happens) This double top is formed at the end of a uptrend and is resting at a support, if it breaks that support, we will se a move! If it does not break, we will be...

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S&P 500 has broken the support with a lot of strength, and the next stop is 3970. For an entry (if you are already not in) i would wait for a retest of the previous support or close to that area looking for a sell.

wetradecommunity

In a daily time frame, we saw a double bottom formation at the support of 1685, which got validated by the break of 1757, now is in a range to possibly continue to the descending trendline which also is the target of our double bottom. If we see a break of 1799, we will see a run into the 1840's. If we use RSI, we can see that is forming a possible divergence,...

wetradecommunity Updated 

CURRENCYCOM:US100 After the long run into the 14080, it seems that it has found a resistance and formed a dobled top, wich will be validated if it breaks 13700, probably making the price fall into the 13320