Above the central pivot (indicates growth) along with price above our moving averages, should head for targets 1,2 and 3 in the coming days... www.thetradingmentors.com
Below the central pivot, indicates weakness. Below all our moving averages, now setting up a swing high (as long as the price remains below the central pivot). Should head for S1, S2 , and S3. WWW.THETRADINGMENTORS.COM
Above the 200 and 100 moving averages, above the central pivot. We await the break of the triangle formation to go long.
CAD/JPY is showing continuation. Note the price above all MA'S 200, 100, and 50. Above central pivot. Looking to reach targets R2 and R3 potentially. Get my FREE Weekly analysis www.thetradingmentors.com
In this chart we can see the price fallen to below the 200, 100 and 50 MA's. Along with below the central pivot. We expect a pull back to 1.2580, then heading for S2, 1.2520, potentially even lower. Much depends on the data at 1.30pm.
In this chart we can see support, but a break of the upward trend line would open up another fall...
The long term chart shows a bottoming of Oil, we await a break on the 30 minute chart on the right..let's see