magnum375

magnum375

the copper price are on a strong resistance at 2.63 if we manage to continue this bounce we will target 2.70 but if we fail to break it and come back below 2.63 then we should short and target 2.52 my strategy is to wait now for either a break of the 2.63 and a continuing bullish trend to 2.70 or a daily close below 2.61 to target 2.58 then 2.52

magnum375

The USD/TRY is still in a range for a long time now between 6.14 and 5.19 after breaking a little resistance at 5.84 the trend is not clear we might come back above 5.84 again or we could continue to 5.59 , we are still above the 200 moving average and the geopolitical risks are here so we should be cautious my strategy is to wait for a close above 5.84 to buy ...

magnum375

The CAC 40 is consolidating after reaching new highs at 5730 coming back under a main resistance at 5650 but the trend is still Bullish , we might continue this correction and trying to test the new support at 5539 if we manage to break the 5600 level so we have 2 scenario here : 1- the CAC 40 will test 5600 and bounce back to 5650 2- the CAC 40 will break 5600...

magnum375 Updated 

The DAX30 formed a strong bullish candle continuing its trend and stopped at this resistance at 12518 so unless we broke it the DAX30 might mark a correction and test a support at 12420 the key is that the DAX 30 will break 12471 then 12518 so we can target 12650 but if we close below 12420 we might come back to 12300 then 12195 so my strategy is to buy if we...

magnum375

The Brent is trading in a range betwwen 57.38 and 66.95 so the resistance and supports will be a good entry point for buying or selling S my strategy is to buy if we close above 59.54 and target 62.63 if we close below then short and target 57.38 easy

magnum375

The EUR/USD broke its bearish trend line,but it might be a bull trap ,e still need a confirmation,if this next candle will close above or below the trend line If above it was just a pullback and the EUR/USD will soar to 1.105 from 1.1015 but if its close below 1,10 we will retest the recent low at 1.089 so my strategy is to wait now and buy if we close above 1.10...

magnum375 Updated 

Unless we close below 3400 the trend is Bullish so buy and try target 3467 then 3500

magnum375

The S&P500 went down on Friday after struggling to break the resistance at 3020 and trading now at 2992 , the trend is still bullish and we might retest 3020 or even break it but keep an eye on 2975 level and 2958 level if we break them then we should go short and try target 2900

magnum375

the CAC 40 break a major resistance at 5660-65 and trading now at 5690 making new high , I think that this push might continue and we will reach 5700-5730 soon unless some Geopolitical issue or Tweet over the trade war is made You can go long to try target 5730 but for me I will Wait to short because the uptrend dont have very much way to go

magnum375

The CAC40 is on a bullish trend but show some weakness trying to break the resistance at 5660-5665 but it is so obvious that I might think that is a bear trap and we could make new high trying to reach 5700-5730 before starting a correction so for now my strategy is to wait for a better signal to short

magnum375

The NATGAZ is going up and flirting now with the 200 Moving average if the MA break and the 2.70 level we could continue this bounce and target 2.88 but if we fail to break the 2.70 level the probability to get to 2.59 is high so my strategy is to wait for the morning open and see how the market react to the 200 MA and short if we have a bearish pattern

magnum375 Updated 

The silver is facing pressure after hitting new highs at 19.5 and may continue this drop and target 17.24 but if we come back to 18.5 then buying will be a better option so my strategy : is to short now at 18.12 and target 17.4 then 17.2 but if we close above 18.5 this scenario is invalid

magnum375 Updated 

The S&P500 have to test a strong resistance at 2940 so if we can break it I think the index will soar to 3020 but unless we break 2866 the trend is Bullish so my strategy is to buy now and play the resistance break at 2940 and try target 3020

magnum375

The DJI is going up with a gap and break a big resistance at 26648 just after consolidating in a range next after reaching new highs so my strategy is to buy now and try target 27380 This scenario is invalid if we break below 26648

magnum375

The AUD/USD is going up after touching the support at 0.679 and try targeting its next resistance at 0.6863 so my strategy is to short if we fail to break 0.6863 and try retarget 0.679 but if we break 0.6863 we buy and target 0.7048

magnum375 Updated 

The Dax is going up after making a head and shoulder figure and i think now its time for a pull back before the big bounce so we can target 12450 my strategy is to buy and try target 12450

magnum375 Updated 

The GBP/JPY struggling to go down and facing pressure from buyers at this level and I think it will go up and try target 132 first then 135

magnum375

The GBP/USD is going down among threat and concerns about the BREXIT , technically despite the bearish trend the pair is not making new lows and we see that the GBP/USD is consolidating between 1.2025 and 1.23 actually we are at 1.2184 we could drop little more toward 1.21 but I think its a good opportunity to buy and try to target 1.23 then 1.25 so buy with...