Oil breaks a short term support level.Oil breaks a short term support level.
The long-term trend remains bullish.
Exponential Moving Average (EMA)
EUR/CAD Short after pullback Hello Traders,
I'm currently waiting to enter short on EUR/CAD once price will decelerate at 0.5 Fibonacci level. 200 and 50 EMAs also providing dinamic resistance, bonus points if a reversal pattern will form tomorrow. There may be a chance that price will continue pulling back at 0.618 Fib level (1.4700 resistance) given the strong momentum that is currently showing. Let's wait and see!
Wish you all a happy trading!
GBPAUD POUND AUSSIE BULLISH Weekly lows have been touched and resisted. The only way is up for now to 1.70000 at least. My trend line is touching the 50ema stochastic is telling me oversold so price should consolidate itself.
eur/gbp bullish price retracing.Price is touching both EMA's you can wait for a pullback for an entry at 0.889 level. stochastic and RSI is showing bullish momentum.. Adjust TP and SL to your own RR (Risk/Reward) in the past price has shown bullishness on the 6th where the red X is.
EUR/NZD near the 21EMA. Watch carefullyBuyers are trying to buy the Euro at 1.5200 area.
A negative test average could provide excellent opportunities for sales.
If the moving average 21 were to be exceeded on the upside, we could see a restart of prices up to the important resistance level.
Carefully follow the price movement.
US OIL Bearish Bearish pressure since the 20th should continue. Key resistance at 50$ price keeps on being tested but doesn't hold Target one at support should be hit at $49 mark. If price goes below 49$ I'd take further shorts. Price is retracing and touching both EMA's too
DAX 4 HOUR Firstly the trendline has broken, secondly price has gone above weekly highs (dotted rays), both EMA's have been passed. Thirdly proce action shows 10640 level shows bearish drops. Support and resistance self explanatory. TP and SL is an example.
EURCHF bullish outlookExcept to have uptrend to top of the BB around 9.9 which is in line with the decreasing tops and the EMA200.
bearish AUDUSD Bullish momentum should be coming to an end. wick of doji touching 20 ema, really overbought by Monday or Tuesday price should be lower sl placed near weekly high which is unlikely to be touched. 0.766 level mostly has bearish tendencies.
EURAUD EURO AUSSI 4 HOUR On the rise and shall reach 1.47 level had huge drops because of news and over selling. Price is well below both EMA's TLs are broken.
BCOUSD BRENT OIL OUTLOOKPrice always jumps up at $46 level like last month so same will probably happen again the TL keeps on being tested so this downtrend may be seeing resistance, Both EMA's are well below price at the moment.
GBP CAD WEEKLY POUND LOONIE Major downtrend for many weeks being oversold all the time. Price is well below 20 and 50 EMA's a sight green candle shows sign s of a reversal, CAD gross domestic news may make the cad abit more weaker giving the GBP strength. The stochastic is confirming my bullish bias so the market shall go up.
EURNZD EURO KIWI WEEKLY PERSPECTIVE LONG Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.
ITALIAN40 MIB INDEX DAILY LONG (REVERSAL)With the choppyness and slightdowntrend recently INDEX:MIB is going to see a bullish jump basic support and resistence along with the TL being broken shows a reversal (OVERSOLD). Price is well below the 50 and 20 EMA
DAX30 UPDATE Support zone (Daily Chart)Making this updated chart to warn you to be careful with what happens on Monday. Doesn't mean we're going up right on Monday. We may still drop down a bit. Looking at the Daily chart, the trendline hasn't been touched yet. So we may drop down to around 10.210 and that's where the line is touched.
Also, the RSI is currently sitting at 30, so tomorrow it might drop below 30 due to the price drop I mentioned above, giving us the oversold signal.
Adding to the trendline, we have the 200 EMA which gives us another support base.
