OIL TECHNICAL ANALYSIS shows price respected daily channel confirming a bullish move. FUNDAMENTAL: - Saudi Oil loss so as USA's 2nd highest provider means supply is less, demand is more so price will push up.
GOLD Wolfe Pattern confirmed. Upward move expected however direction could change at key level so both levels are shown on the chart
If market structure is respected then I can see this inverted HS pattern playing out. Current price has minimal exhaustion so I think more upside is possible before moving down
This is my first analysis on NAS, Basic technical analysis tool to mark charts NAS = UP GOLD = DOWN OIL = UP
Price is within a channel. Based on Monthly candle formation, I expect Price to touch the bottom of the treadline and continue up. This will form a wick on monthly candle and continue bullish for the remainder of the month.
Price has broken out of a downward trendline on Daily and shown signs of rejection on daily and weekly I expect price to retouch the trendline which is also at 38% fib and push up I would trade this as a buy only
On Weekly and Daily price is in a downward trendline with multiple touches. On h4 Price is ranging and until Price breaks out its best to trade zone to zone.
Continuation of breakout to fall and meet each zone shown on chart
USDCHF: - BREAKOUT/RETEST COMPLETE - KEY LEVEL REJECTION -FIB REJECTION
- Rejected Weekly Key Level - Rejected 78.6% Daily Level - Rejected 61.8% H4 Level. - Breakout/retest complete on H4
if neckline is broken then expect completion of INVERTED HS