traders-club.co.uk

traders-club.co.uk

EUR/USD Daily time frame price action is showing a rebound from long term oversold and extended levels. Current price is trading above 20 and 50 Period SMA which created a Bullish ( Golden ) cross but well below 200 period SMA. Indicators like MACD and Stoch are overbought and extended. Any further upside will potentially be capped by resistance at 1.2667. The ...

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WTI Crude daily timeframe price action is showing a rising wedge pattern. The price action could not break above 200 Day SMA, after pulling back to retest 20 period SMA level. However Friday candle is very Bullish in nature. Any further upside will be capped by 98.29 followed by 100.68 and finally 106.43 levels. Alternatively if the support of 20 period SMA and...

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Gold daily time frame price action confirmed newly found support at 200 day SMA. Friday trading witnessed an explosive break through the falling resistance trend line. If the current bullish sentiment prevails the next resistance on the upside is located at 1720-1725 level followed by 1792-1800. Alternatively the first support on the downside is located at 1646...

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Inverse Head and Shoulder Breakout , 200 Day SMA potential Target at 3.58.

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DAX 30 daily timeframe price action is showing a recent pullback from the 7105.43 high. The price action lost the support at 20 Period SMA and it is currently retesting the same level as a newly formed resistance. Indicators like MACD and Stoch are pulling back from Overbought levels and RSI is still positioned at almost neutral. Any further downside will be...

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VIX - Volatility Index is inversely correlated to S&P 500. Daily timeframe price action is showing a Bearish set up with the current daily candle closing inside the upper Bollinger Band deviation and changing colour. Stoch Indicator is potentially curling over at the overbought level and RSI is slightly changing direction towards the downside. Current...

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S&P 500 Daily timeframe is showing a rising wedge formation. The price action currently is trading below the 20 period SMA support level. Indicators like MACD and Stoch are pulling back from overbought levels. Given enough time these indicators could move to neutral or oversold position if the price action continues with its sideways consolidation. Current...

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Copper price action is showing inversed Head and Shoulder pattern with a successful break out above resistance neckline. The price is sitting just inside upper BB level and Stoch indicator is reaching overbought level. Support on the downside is located at 3.40, the neckline level, which is also 20 and 50 period SMA level. Alternatively resistance on the...

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WTI Crude price action reached overextended level currently retesting 200 Day SMA. Indicators like MACD and Stoch are at overbought levels. Support on the downside are located at 93.23 which is 20 period SMA followed by 90.26 ( 38.2% Fib Retracement from July lows to September highs ) and 87.70-88.49 which are 50 SMA and 50% Fib Retracement respectively. ...

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S&P Daily timeframe price action created a rising wedge. The price retested previous high and reversed from 1426.68 only to find support at 20 period SMA. Current support on downside could potentially be found at 1380 which is the falling trend line followed by 1365-1370 ( 38.2% Fib Retracement and 50 SMA levels ) and subsequently at 1346 which is 50% Fib...

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Gold price action had an explosive reaction to the Bullish break out above the consolidation wedge. Price settled clearly above 200 Day SMA and it is currently retesting an important resistance level at 1675 which is long term falling trend line. If the price breaks through that level with conviction the next resistance level could potentially be at 1720 followed by 1800.

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Resistance on the upside located at 28.51 followed by 29.96 and 30.74 which is 200 Day SMA. Alternatively support on the downside is located at 27.77 which is 21 Day SMA.

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Breakout and a Daily close above 1631 could be seen as bullish. Current resistance is at 1660 which is 200 Day SMA followed by 1675. Support on the downside is located at 1604 which is 55 Day SMA.

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Price action is consolidating. Resistances on the upside are located at 5889 followed by 5942 and 5988. Alternatively support level on the downside is at 5813 followed by 5727 ( 21 Day SMA ) .

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BB are opening up to accomodate potential move higher. Daily Resistance at 1422 followed by 1440. Support located at 1400 followed by 1385 ( 21 Day SMA )