Fxrenew
Crude - Profit Taking Expected After a quick boost, intraday traders are likely to take profit.
Expect some retracement intraday, before heading higher.
Crude Oil - Bias is UpTensions in the Middle-East keep Crude biased up.
Support zone and target highlighted.
EURUSD - Neutral but looking LowerEurUsd is neutral at current prices.
We like the odds of a break lower but patience is needed.
Dow Jones - Intact ahead of NFPDow Jones is extended on the week.
Today we also have Non-Farm Payrolls.
Expect position-squaring ahead of the data.
S&P500 - Intact ahead of NFPS&P500 is extended on the week.
Today we also have Non-Farm Payrolls.
Expect position-squaring ahead of the data.
Dax - Uptrend Intact ahead of NFPDax is extended on the week.
Today we also have Non-Farm Payrolls.
Expect position-squaring ahead of the data.
DAX - Short-term profit taking seenWe are extended on the Day and the Week, so profit taking is logical here. Trend still up.
EurUsd - Pressure to the Short SideEurUsd and other european assets under pressure post-PMI data as Germany and France continue to show
contraction. PMIs anticipate GDP trends by about 6 months so all this is bad news for growth.
Euro finally reacts and we're down 100 pips already. This opens up further downside into next week
towards 1.1200.
Crude Oil - Risking a short-term reversalCrude Oil is pressuring key short-term support and a break would engage
short-term counter-trend traders.
WE need a break of 60.40s to get long again.
Crude Oil - Uptrend still IntactCrude Oil is staging a shallow pullback into today's trade.
D1 trend and 4H trends are still intact. Pullbacks to 59.50 are valid,
as well as the break through 60.40.
Crude Oil - Trend Continuation PointsCrude continues to trend ahead of FOMC.
We have seen a pullback on the hourlies and have marked the continuation points
for the trend resumption. Just beware that there may not be much movement
ahead of FOMC.
DXY - Lateral Market Type Prevails ahead of FOMCWE have highlighted key support and resistance for the DXY ahead of today's FOMC.
The markets are priced for the dovish outcome, so the path of greatest pain is if the Fed comes in hawkish (one or two dots in 2019).
Crude Oil - Marching On UpCrude is once again ascending towards our target after the volatility breakout setup.
We have just broken last week's high and are pusing against 59.00.
Nasdaq - Longs Remain FavouredRisk-on sentiment continues, and the Nasdaq remains the strongest performer amongst global indices.
Longs on pullbacks remain in play this week.
NZDJPY - Risking a Volatility BreakoutNZDJPY has benefitted from risk-on sentiment.
We are in a volatility contraction and price is just now testing
the upper breakout area. A close beyond the top Bollinger
would become a volatility breakout.
GBPUSD - Long? Short? Flat?Today's quiz for all traders: what is the best stance on GBPUSD right now?
Long? Short? Flat?
GBPUSD - -2.5 Bollinger stops declineHeadline-driven markets continue today, with GBP awaiting the Meaningful Vote.
GBP gains from yesterday were taken back after various UK parties said May-Juncker
agreement simply not enough.
GBP remains victim of headlines - stay away for now.
EURGBP - Resistance at 8530/50The previous lows in the 8530/50 zone should hold if the divergence between positive Brexit news and negative EURO sentiment continues. Thre may not be much movement ahead of the Brexit vote tonight, but the Daily bear market remains in play.
