EURCAD could present us with a lovely swing trade towards the upside here. Crucial area of support is approaching, I will only buy if it retains the level above the support and closes a few candles. Looking to bag a decent return, hopefully 1:30 RR
NASDAQ, similar to US30, has been rallying on the 4 hour, but has showed signs of slowing and possible fall. This is also pushed by the updates on the ukraine war which could push for a bearish reversal on the overall pattern of the price. Could be a nice sell
US30 has shown strong downward momentum. In my opinion, it is likely to continue downwards to the second defined area, otherwise there is a chance it either breaks the trend line, retests and goes back up to the support zoon, or it could remain trading above that first area of resistance and rocket upwards to the support area. Either way, I am bearish on US30 as...
XAUUSD has broken and somewhat retested a very important support zone which it had recently rallied from numerous times. This could indicate a bearish continuation with sells in place. Lets see how it plays out, it is possible the price could break the once again the now important support area to aim for highs.
I see some nice respect for the resistance zone marked. From there, sells could be in order with two potential take profit zones.
GBPCHF has followed a lovely H and S pattern which suggests a sell off for the pair come market open. This could be an interesting pair to look at in regards to the strength of the pound for the coming days.
Head and shoulders pattern identified. It broke the trends line, however price will only reconcile a bit and continue the bearish momentum. This could be a nice trade.
USOIL could see a pullback from the first specified resistance area considering price remains above it on the 1 hour chart. However, breaking that area and closing beneath it could see a strong downwards movement to the second specified resistance area where I believe it will be a strong buy. Happy trading ladies and gents
If the pair manages to remain closing candles below the 0.8605 zone, it will probably be a great bear to take hold of scenario. However, if it breaks the zone, I see it easily going up to the second suggested resistance area and bounce back for another bear scenario. Lets see what the interest rate decision today will look like and place the trades from there....
AUDNZD is reaching an important support area which could bring buys in action.
Worth waiting to try and get into a sell with take profits as set on the fib
GBPCHF looking really good to reach the desired sell block. It has respected this zone twice before, making it a reliable area to start placing sell limits and sell orders. First take profit zone would be the 1.12576 zone, with the next take profit goals being 1.12081 and 1.11586. However, if things don't go to plan, price can break through the area and re-test...
USDCAD has been slowly but surely moving towards the 1.33333-1.30000 psychological range. This has been a historically strong resistance area, this enticing the buyer. Always practice money management, happy trading.
USDCAD shows being bearish on MACD. This suggests the breaking of the mentioned support area to then retest it again. This gives the sell signal to continue bearish towards the specified white line on the chart previously tested about 4 times more or less. Details on chart.
EURUSD can go both ways here. If it breaks the 1.08700 area and loses above it, a buy at the zone is done with targets at the next test of the white trend line shown. However, going below the 1.07800 are and closing beneath it suggests a sell and continuation to the respective opposite white trend line specified in the chart as the next target. Although, MACD...
Gold has been very bullish the past few trading days creating an important resistance level which has been broken and re-tested, implying possibility of further continuation. Details on chart.