The SPX500 daily chart has a positivity associated with it. However, the hourly chart has pulled back to the point that is tending towards oversold. This may set up a potential "dip in the uptrend" scenario.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
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Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,277.97 which is a pullback support.
Stop loss is at 2,255.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 2,332.00 which is a pullback resistance.
High Risk...
The hourly chart is showing signs of froth, which may result in a short-term pull back.
However, the daily chart is showing positive momentum.
Therefore a short-term pullback may make the support areas compelling.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). ...
Gold may be charting a falling wedge pattern. If so, this would be bullish in nature. A clue would be to watch the momentum for an upside bias.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6037 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and a swing-high resistance.
Take...
USD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9008 which is a pullback support.
Stop loss is at 0.8955 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 0.9095 which is a pullback resistance that aligns with the...
Gold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2,283.15 which is a pullback support.
Stop loss is at 2,260.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level.
Take profit is at 2,324.27 which is a pullback resistance that aligns...
USD/CAD has just bounced off a key support level (50.0% Fibonacci retracement level) and is climbing higher.
Buy entry is at market (1.3724).
Stop loss is at 1.3693 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is between 1.3740 and 1.3753 which is a resistance zone that is bounded by the 50.0%...
USD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9089 which is an overlap support.
Stop loss is at 0.9040 which is a level that lies underneath a pullback support.
Take profit is at 0.9168 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
High Risk...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 154.60 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level.
Stop loss is at 152.48 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 156.91...
The SPX500 has lost momentum since yesterday. If the hourly RSI remains below 50, we may see lower prices in the short-term.
Keep an eye on the daily RSI because if that slips it will affect the higher time frame's momentum.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM...
AUD/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8951 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.8989 which is a level that sits above a pullback resistance.
Take profit is at 0.8904 which is a pullback support that aligns...
Silver (XAG/USD) ) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 26.54 which is a pullback support that lies above the 61.8% Fibonacci retracement level.
Stop loss is at 26.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at...
WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 82.33 which is an overlap support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 80.50 which is a level that lies underneath a pullback support.
Take profit is at 84.67 which is an overlap resistance.
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