SPOT_FX

SPOT_FX

Here I present the simplest way of technical insight for Cable FOR SHORTS : - I would like to see Price trading below 1.26 level for me to continue looking for shorts when trading cable. FOR LONG POSITIONS - I would like to see Price trading above 1.27 level for me to continue looking for long positions , I hope in that area the long position will be validated.

SPOT_FX

Here I present my technical Analysis For US Dollar Index which according to the Dow theory we are on a clear down trend.

SPOT_FX Updated 

As for S&P500 the index retested 4586.00 zone which presented some buying, as far as the long term trend for S&P 500 is bullish I will remain so and look to find buying opportunites only if the index trade above level 4588.00, but if the index break the level 4588.00 I will remain bullish but for me to take the trade I will want the index to trade above 4588.0 ...

SPOT_FX

As far as we technical traders like to complicate things, I am always looking for simple reasons to validate what I 'M seeing on the chart. USOIL_CRUDE is now on a downtrend since September making a series of lower lows and lower highs.For me to change my bias on USOIL I want to see the market trading above 78$ which is my level for oil to really validate my...

SPOT_FX Updated 

My POI is the level 16017.4, is the level where I will be more interested in buying NASDAQ, and I will be more focused on how the market will react. Note :that the market is in a range in higher timeframe like H4.

SPOT_FX

Here is my technical forecast for CJ more looking for sells 108.00 levels and buys around 108.900 level.

SPOT_FX

Here I present the the technical forecast for GOLD below 1990.00 support level I will be looking for sell position targeting 1940.00 level. And for long position I will be looking for breakout of level 1940 level and the target will be around 2140.00 level. Gold has broken the Trendline presenting a short term medium downtrend and trading below the SMA.

SPOT_FX

US30 trading in a range and I will be waiting for a breakout for both sides of the rectangle pattern which is now in play.

SPOT_FX

The Index is currently trading in an uptrend parallel channel, and momentum also indicate that the bulls are still in control of the market, so the interesting thing is are we going to see a pullback to level around 16500.00 level for us to get into the trade or the index will still go up. A deep pullback to around 16000.00 will still provide good entry levels...

SPOT_FX Updated 

Today is NFP and anything can happen, but according to my analytics that am using, which is universal to everyone, PRICE , PRICE MOVEMENTS , I would like to see a pullback to a Fib level 61.8 which perfectly fit with the previous resistance which is about to turn into Support if the level Holds. If not then I will be buying at the support level, why? Because...

SPOT_FX Updated 

Here I explain my forecast for Nas100,: For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level. For Long position , I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and...

SPOT_FX Updated 

Here is what am looking forward for AUDUSD, For Short position , I will wait for price to break 0.65500 key level and wait for a clear re-test and sell until 0.65300 For Long position , I will wait for price to break 0.66000 key level and wait for a clear re-test with some confirmation and buy until 0.66200.

SPOT_FX Updated 

Here I Present My view on how US30 might end up playing out. Cleary am looking for more deep retracement but if the Index provide clear rejection am going long, I will be looking for buys only because of the strong last week price action.

SPOT_FX

Germany 40 index now in a range. My game plan is to wait for a clear break.

SPOT_FX

Bullish QM pattern; 1Formation of HH and LL. 2The last price low will act as left shoulder level. 3.After a higher high, the price will retrace to the left shoulder level and then it will continue bullish trend. Note that everything can happen know one knows exactly what is going to happen.

SPOT_FX

Here is the update on the S&P 500 folks we continue to see a down trendline respected very well, the question is how far will the S&P 500 go for the last month of the Year? According to some folks say we might have a SANTA RALLY based on history while some argue that " No Santa Rally, Stocks could soon retest their low". The bottom line is no one knows what...

SPOT_FX

Marked monthly key zones on the dollar index. looking for bounces and how the dollar might trade this month of December. Note that the dollar index is very key important indicator when trading.

SPOT_FX

The question for now is that, is the US stock indices still in a down trend or we might start becoming more bullish?