FX_IDC:EURUSD is actually sideways trending and it is really creating a nice buy or sell setup. Both ways of breakup is possible. Always wait for candle to close above/under resistance/support line. I will definitely keep an eye on this pair. Good luck with trading.
Resistance and support look quite solid for now, so BTCUSD shows some stability for the next two days.
Trend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case. No point of taking a long position until either 235 is re-tested or 237 for a scalp. I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible. Although...
Its that time of the year again when we publish bearish outlooks for the coming year. I was fortunate enough, along with a couple groups I belong to, to sorta get out near the top. Sadly for me and many others tho, we "bought the bottom", you can only catch so many knives. Not down now in btc, but down in USD from potential profit. Now on to the good news. Good...
Market is showing sideways momentum Either looking to go long if it breaks Resistance or go short if it retests resistance.
The price breaked the sideways channel. I see a big impulse 0-1 leg retesting the old resistance from 82.000 with a extension of 61.8% of 0-1 leg. The price may retest 83.50 following making a new high. In order to see a bullish 2-3 leg, the price will have to break the upper red descending line.
Since the day that the feds raised the rates, it appears that UJ topped out at a resistance zone of 118.5 | It has gone back to a sideways lateral movement in similar fashion to pre-American interest rate hike, While UJ has maintained a bullish long stance over the last months, it appears that for now it will stay lateral and is prone to spiking up or dropping...
Waiting for US election results, as well as candlestick confirmation and ADX before entering buy or sell. Regardless of central bank buying, it's highly likely that the most this pair can go is up to 1,400 this year before going down again. www.mining.com www.businessinsider.com 1W: 1D:
XAGUSD continues to go sideways and on the extreme (based on higher time frame analysis), can either go up near 20 or down near 16. www.dailyfx.com 1W: 1D:
Although USDCAD has been correcting for the past while, I am short on this pair. Please wait for the breakout before placing any trades. No need to get stuck in a trade that may continue sideways.
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market. This...
Continuing USDCADs sideways movement. Its now on the downside.
Possible bullish bitterfly is spotted on SPX500 but 4H candle close above 2160 level will invalidate the idea. If confirmed, this pattern can test the bottom of the fork which is built from September´s high through this month´s peak levels. Short entries are welcome from current values. I will add shorts on market opening as I´m already in a short position as...
On FX:EURUSD , the market moves sideways last few days. It found its support at 1.2305 and resistance at 1.1268. The red box shows that the market cannot decide who will get control of the price, Bears or Bulls. The best approach will be to wait breakout and then enter short/long, as people say follow the trend. Few fundamental news coming out today and it is...
+++ Don't forget to LIKE & Follow+++Price is in a sideways move - since price broke up previous PullBack. This sideways move is presenting nice Deep Bullish Gartley on 1H, here on EURAUD. Stops and Targets are conventional. Entry @ 1.4709 Stop @ 1.4672 Initial Target 1 @ 1.4771 Initial Target 2 @ 1.4809 Good Luck! -Alex I'm a Professional Currency Trader &...