The multi-month bullish gold trend remains in place after yesterday’s USD rally sent the precious metal spinning lower. Trend support was tested for the first time in a month today, and duly held but the rebound looks tepid so far. The trend channel has held since late March/early April with resistance tested on numerous occasions, but not broken convincingly, but...
Dogecoin Rejects at the .786. This could be the pull back need to push toward $1.00
I called a buy on this pair yesterday after noticing the retest of support. Al TP's were hit and My sell limit is now active. What a morning.
It is no secret that Ripple company is still battling its lawsuit with the SEC. When good news surfaced about how this company had an edge in the battle, XRP prices skyrocketed. This made many investors jump back on board and invest in this cryptocurrency. On the other hand, the crypto market witnessed a big price adjustment across all cryptocurrencies, and XRP...
I entered in a sell on SPX after the rejection at resistance. We're looking at these levels as potential pull back areas, with a 3% risk. Be safe happy trading.
A range trade that we have been following for a few weeks, EUR/GBP, continues to throw up opportunities with both resistance and support holding firm. The 0.8560/0.8721 spread has been touched several times over the last two months with each test producing a turnaround in price action. The current spot price is now closing back in on support, with the move being...
My last EURGBP setup hit TP 1 before turning around to retest the highs. In that push, price failed to create a higher high. At this point I'm looking for price to break the lows to test the next structural level.
All things considered, it has been pretty quiet for the sentiment-linked Australian Dollar. AUD/USD one-week implied volatility continues to aim lower from late February peaks. The currency continues to trade broadly sideways against its major peers, but with a very slight downside bias since finding a top earlier this year. This is despite market mood remaining...
Nass printed divergence on the 4hr time frame so I sent a sell out to the team right now were up 60 pips
I placed a buy in oil after the break and retest of the previous highs. All TP's were hit, now lets see if you and catch the move to the downside.
USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn’t been of much interest to the broader market. At some point the narrowing volatility (wedge formation) was set to give-way, and as of last quarter we appear to have finally reached a resolution. USD/JPY is...
The six-week sell-off in EUR/USD continues with the pair printing a fresh three-month low on Wednesday. The chart set-up remains negative, highlighted by the sharp move lower in the 20-day simple moving average (red line) with little support seen until March 31 swing low at 1.1704. This level sits just above the 38.2% Fibonacci retracement level around 1.1695....
SPX could retest the lows, or break them. let's see how it unfolds.
MY AUDJPY sell limit was activated now ill wait to see if we can break the lows to continue the fall.