Strong movements after false breakout.We can see a false breakout.. That means strong movements is coming!
The price will consolidate above the upper border of the resistance zone and continue to climb.
My target is around 0.7280
Strongmove
JPY strength - good for a short? CADJPY or GBPJPY interestingGood Monday!
this is a good analysis on how JPY could be a good idea to trade this week after the run up that all currencies did against it.
Fundamentals, Japan has had some good news on their books, we will see how the liquidity responses to this .
BEWARE PROBABLE VIOLENT PRICE MOVE - SPDR S&P 500 - SPY - DAILYWe have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change.
Therefore, beware, as the price is at the moment evolving around the red dotted line.
Besides, the price has shown also elastic movements, coming back again and again to its previous break points.
Keep all those information in mind when evolving on this SPDR S&P 500 - SPY market.
GBPCHF – Buyers started following power of Gbp currency.GBPCHF – Buyers started following power of Gbp currency.
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.29594
R1: 1.28518
S1: 1.27640
S2: 1.27036
S3: 1.26425
Price action:
Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high is denied then sellers will test second support level at 1.27640. If sellers achieve second support and change it to resistance level, then price might change its way.
at 1.67298.
Potencial trade idea:
Bulls targets:
T1: 1.28518
T2: 1.29594
Bears targets:
T1: 1.27036
T1: 1.26425
NOTE – We are trading GBPCHF via the preferred trading setups
ELITEFXACADEMY
PAYX Shift of TrendPaychex Inc. has begun a sideways pattern after a strong move out of the bottom formation of early January. The sideways pattern provides support for the next trend upward.
INCY Overlapping CandlesIncyte Corp. has overlapping white candles on a strong move out of a short-term bottom. The overlaps are caused by pre-market open selling that gaps the stock down. The run up shows strength within the buy side.
