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US-DOLLAR

NZD/USD tries to reach 0.7310Daily outlook - NZD/USD tries to reach 0.7310 The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310. At the moment, it still has not reached the target even with the help from a release of information on the US CPI. On the other hand, such slow movement is in line with the general market sentiment, which is only 55% bearish, as well as with the summary of various technical indicators, which projected horizontal movement. It is quite possible that the pair will manage to bypass the above-mentioned resistance and jump towards the 100-hour SMA near 0.7319. If the surge will be stopped at this points, that would be a final evidence of existence of a falling wedge.
by UnknownUnicorn890690
USD/CAD trades around 1.2676Daily outlook - USD/CAD trades around 1.2676 Tuesday’s evening the currency exchange rate spent in an expected horizontal movement along the 55-hour SMA towards the bottom trend-line of an active ascending channel. At some moment, the pair has entered into a four hour downfall and has practically sneaked from the pattern. However, a combination of the above support line and moving average should be enough to force the pair to change direction. As 70% of traders continue to hold long positions, in the short run the Greenback is expected to continue to appreciate against the Loonie towards the weekly R1 at 1.2238. The summary of technical indicators supports this scenario by sending clear buy signal. But even if the pair oversteps the pattern’s boundary, the drop should not go below the monthly PP at 1.2636 and the 100-hour SMA.
by UnknownUnicorn890690
Short USOILUSOIL the pair have huge volatility expecting this month, as OPEC have The two-day gathering in Abu Dhabi, United Arab Emirates, will focus on members’ compliance with the output pact the cartel signed with 10 other oil suppliers, including Russia, in late 2016. The deal so far hasn’t produced meaningful effect in tamping down global output or inventories.One major development the market will be watching for from the OPEC meeting is whether Libya will join the agreement to cap production.As technically the pair trading below strong resistance around 49.70, if it break the immediate target around 50.30/50.80, below the strong resistance we can see one more leg towards 48.55/47.80. Short term trading. Sell USOIL @49.30/50 Target: 48.40/47.90 Stop loss: 49.90 gud luck ! #forextuitions
TVC:USOILShort
by Forextuitions
USD/CAD breaks long term patternThe previous forecast for the USD/CAD pair has not come into reality. The pair has broken the upper trend line of the long term ascending channel pattern during the early hours of Thursday’s trading session. However, by the middle of the day’s trading session the pair had changed direction and retreated to find support in the previously active resistance line. As a result of the observation and some drawing, the Dukascopy Research tem discovered that that point was crossed by a medium term ascending channel pattern’s upper trend line. The trend line can be also used to set a parallel line for the purpose of observing the ascending medium term trend. In the near future, if the support is provided to the rate, and the 55-hour SMA approaches from the downside, a surge up to the 1.2635 mark will occur.
Long
by UnknownUnicorn890690
CTSO Pre Earnings STOCK SETUPCTSO is set to report earnings early next week, given that this was a requested chart, I have not had time to dig in to the company's fundamental financials and create a good estimate of what to expect from its earnings. GIVEN THE TECHNICAL ANALYSIS ALONE: WE are currently hovering a buy zone, and have broken in to it once. At its current level, we are ready to buy PROTECTING at the red horizontal. This is the bottom of a weekly range and, with a bad earnings report, the place where our stock will find its first resistance. HOWEVER, from our buy level we are currently at I have set 2 key price target levels to reach, of course which you are shooting for is up to you, but both targets would be where I take my profits as a trader. Remember, earnings early next week that can explode a chart in front of you eyes- so be careful.
NASDAQ:CTSOLong
by samblum_
USD/CHF 4H Chart: Channel UpThe US Dollar is regaining ground against the Swiss Franc in a channel up pattern. Most recently the currency pair bounced off the resistance of the ascending channel. That event was also the cause of the discovery of the pattern. Most likely the currency exchange rate will decline until it meets with the lower trend line of the ascending channel. Coincidentally that might occur at the 23.60% Fibonacci retracement level of the 2016 low and 2017 high levels at the 0.9657 level. Afterwards the currency pair is highly likely going to continue the surge. In that case it will go upwards to the strong resistance cluster, which lasts from 0.9780 to 0.9791.
Long
by UnknownUnicorn890690
NZD/USD breaks ascending patternThe New Zealand Dollar suffered losses against the US Dollar during the first half of Tuesday’s trading session. The currency pair even broke out of the ascending channel pattern to the downside. As a result of the break out, the pair fell down until it found support in the 200-hour SMA, which was located at the 0.7460 mark. It is highly possible that until the end of the day’s trading the pair will approach the resistance of the weekly PP, which is located at the 0.7492 level. Moreover, the weekly pivot point is strengthened by the 55 and 100-hour simple moving averages at 0.7498 level. Most likely after encountering the resistance cluster the currency pair will continue the decline. In addition, it can be expected that the rate will soon reveal a new descending pattern.
Short
by UnknownUnicorn890690
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