ALCOA STOCK AT its lowest in 5 months Currently, the price is edging higher and the technical indicators are suggesting a possible upside pullback Should the market extend gains in the very short-term, resistance could be met at the 39.50 barrier, break above would open way for 41,60
AUDUSD long term VIEW I am with the bulls, as long as 0.70800 holds 1st target at 0.71700, 0.73100 and 0.74400 Entry above 0.70800 SL at 0.70300
EURUSD still searching for right direction, I am not that interested at the moment What could happen now is we might get a swing down to 1.15270 which is support then go up
The EURJPY is under bearish pressure under 129.800 and Immediate support is at 129.050 A break below would expose 127.800
US30 a break above 25481 and 25590, would help expose 26116 and should price continue south 24588 would be exposed
EURUSD still under bearish pressure below 1.15800 (23.6 fibo)
Should the index manage to strengthen the negative momentum, the next immediate support could come near the 23116 barrier A break below this level would challenge the medium-term ascending trend line and if this line is penetrated, it would shift the bullish tendency to a more neutral one. The next level for investors to have in mind is the 22174...
GOOGL (ALPHABET) remains bearish under 1158 and 1200 Look for sell entries all the way down
AUDJPY has come under sharp selling pressure following the pullback on the 82.50 resistance level in the past week A further aggressive sell-off could drive the price until the 78.70 support level A clear break below this level could challenge the 76.82 barrier
EURUSD bearish under 1.15300 A clear break above that zone would invalidate this setup
USDCHF is in a down trend channel and it seems to be holding currently, Expect price to keep falling towards support zones If we get a clear break above 0.997 this pattern would be invalidated
EURJPY IS BULLISH ABOVE 131.160 WHICH is double 100.00 fibo retracement zone for both weekly and monthly chart which makes it super tight support, however if it happens that we get a break below 130.800 then 129.900 would come into focus. For now we're long towards 132.450 /133.00 Entry: 131.140 SL at 130.600 Targets at 132.000 and 132.400
GBPUSD is likely to rise, first short term resistance should come in at 1.3090 Then 1.32 before breaking up towards 1.33/600 which will act as key resistance Alternatively, if the market extends losses, immediate support could be found around 1.29225, 1.2825 could come next before exposing Key support at 1.2722 Entry at 1.299 SL at 1.287 Targets 1.315 then 1.324
Bearish pressure comes in at 1.60700/5 Next key support is at 1.588/6
USDJPY broke strong resistance at 113,570 (261 fib ret) Next resistance at 114,500 then Key Resistance at 115.700 Support at 113.150/570
USDJPY finally touch our Key Resistance at 113,570 Should price hold this area prepare for long term sell!!
XAUUSD just broke Support, will it hold is the question right now, however should price continue going down below 1185.39 Expect next support to be at around 1172 Fibonacci retracement 23.6 which is a strong Support Key Support however is at 1160.90 zone that is the zone I will be looking for Heavy Buys!!