Michelle_FXMarkets

Michelle_FXMarkets

After looking at the current trend, along with China reopening and the latest IEA oil market report forecasting global oil demand will hit a record 101.7 million barrels per day this year, I will be going long on us oil.

Michelle_FXMarkets

I predict XAUUSD is in a correction phase before breaking new highs. Also, notice the head and shoulders pattern on the 15 min chart providing additional confirmation. Please note: We will have USD News tomorrow at 8:30 EST which may affect price. Good luck traders! Short - 1896.04

Michelle_FXMarkets

EUR AUD - technical indicators and chart patterns are showing a nice little short here.

Michelle_FXMarkets

Reversal patterns and indicators are showing a reversal, we should see a nice correction here

Michelle_FXMarkets

EUR USD is showing signs of exhaustion. I'm going short. TP 1 0.236 - TP 2 0.382

Michelle_FXMarkets

After rejecting a major resistance level, we might see a push to the upside here.

Michelle_FXMarkets

We should see a minor correction here before continuing up - double top

Michelle_FXMarkets

Equal highs and a nice bear flag indicate this should go down for a short correction.

Michelle_FXMarkets

Reverse head and shoulders on the 4 hour, Inflation fears may also send contribute to price - long

Michelle_FXMarkets

With the replenishment of oil reserves, including a reverse head and shoulders on the hour, I'm expecting this to hit the 0.25 on the Fibonacci. TP 1 - 89.217 TP 2 - 91.258

Michelle_FXMarkets

We should see a nice little correction here, however, oil is potentially reversing to a bearish market for the long term.

Michelle_FXMarkets

Expecting a correction to the 0.382 on the Fibonacci

Michelle_FXMarkets

Strong US ISM Manufacturing PMI early in the week helped cool fears of a recession by underscoring the resilience of the economy. This was then followed up by an impressive jobs report. The United States unexpectedly added 528k non-farm payrolls while wage growth also surprised higher.

Michelle_FXMarkets

Head and shoulders pattern --> Short analysis TP - 34360

Michelle_FXMarkets

I believe there will be an overall bullish consolidation before a break to the downside. If energy sanctions are are lifted, we can expect even an even greater possibility of a trend reversal. “Sanctions … on Iran’s energy sector, which include oil and gas, or those on the automotive industry, financial, banking and port sanctions, all should be lifted based...

Michelle_FXMarkets

Trendline break, double top M pattern, currently re-testing neckline. Short -->