NASDAQ NASDAQ managed to rise to touch the resistance at 11300 last night. However, the MA pattern did not form a temporary uptrend, which means the price will correct back to support 11091 today while waiting for the trend confirmation on this index. Support 11091 will determine whether the NASDAQ has ended its downtrend and confirmed a temporary uptrend or...
DOW JONES DOWJONES confirmed a temporary uptrend as seen from the golden cross that occurred between MA8 and MA20. Today's price is in the range 29145 - 29633 and of course will make corrections to support 29145 which was just left before any attempt to penetrate resistance 29633 is made. Be careful because the increase this time is still a form of correction to...
XAUUSD XAUUSD is still sideway in the range 1647 - 1660 after correcting the price from its increase last Wednesday. The temporary uptrend has been confirmed and most likely the price will rise to resistance 1668 which will be the resistance determining whether Loco will confirm the reversal permanently or go back down to continue the current big trend which is...
GBPUSD GBPUSD finally confirmed its temporary uptrend after bullish engulfing last night, broke resistance 1.08693 and reached resistance 1.10793. The price probably will make a price correction today to its new support at 1.08693 before another attempt to penetrate resistance 1.10793 will be carried out up to the 100 MA at 1.12016. Stay alert because on a major...
EURUSD EURUSD has reached the resistance range of 0.97564 - 0.97871 after yesterday's price correction. The uptrend has also been confirmed for a while where the EURUSD price most likely will rise to its MA100 which is at 0.98400. Stay alert because the increase so far is still counted as a price correction on the daily and weekly timeframes. Be careful, because...
AUDUSD AUDUSD is still sideway in the range 0.64461 - 0.65490. AUDUSD has not confirmed its uptrend while even bearish engulfing continues to form, indicating that the downtrend is still going on. The MA8 and MA20 which are starting to go flat also indicate that the AUDUSD trend is starting to lose its way, so it is better to wait for the certainty of the trend...
NASDAQ NASDAQ started to break the range 11091 - 11470 down after the support at 11091 was broken last night. However, the price will most likely return to this range to make corrections before falling back to support 10947. In MA Pattern, NASDAQ has re-established its downtrend so that as long as today's increase does not break the 11368 resistance, the...
DOW JONES DOWJONES is back down after being unable to confirm the temporary uptrend. Technically, the uptrend continues but the support at 28937 remains the determining support for the downtrend in the DOWJONES. Chances are we'll get some clarity from the Core PCE Price Index news tonight. Be careful, because today is the last day of the month. Where is the...
NASDAQ The NASDAQ still looks sideway in the range 11091 - 11470. The MA pattern is still showing a dowtrend with a reversal point at 12211, but the small MA also seems to be starting to slope, indicating that the NASDAQ is entering the sideway zone. For those who want to enter, we better wait for the breakout to occur on the NASDAQ. Congratulations on...
AUDUSD AUDUSD enters the next range at 0.63828 - 0.64461 with the downtrend still strong. Price correction to its new resistance has also been carried out so today most likely AUDUSD will try to break through support 0.63828 and head to the next support at 0.63112. Doing a SELL does not get a good RR. R3 0.66535 R2 0.65720 R1 0.65490 PV 0.64461 S1...
EURUSD EURUSD is still moving down slowly in the range 0.95255 - 0.96387. The downtrend is still visible, but the smaller the candle on EURUSD indicates that interest in this pair is starting to wane. Be aware of the price fluctuations that will occur in EURUSD today because usually after a slow movement like yesterday it will be followed by a fairly strong...
GBPUSD GBPUSD moved quite slowly yesterday after correcting its MA8. The price was no longer able to break support 1.06417 for the second time and kept going back and forth to resistance 1.07258 which is also the current MA8. Use a breakout strategy on Cable if you want to enter this pair. Also be aware of the Daily correction which has the potential to reach...
XAUUSD XAUUSD has landed at support 1629 again but has not managed to break it again. The downward trend is getting more sloping, making support 1629 and 1617 become the decisive support whether or not the Loco continues to decline. Doing SELL is still the right choice for GOLD because there's no reversal pattern to be happen soon in sight. USE Half LOT. SELL...
XAUUSD After landing at the support at 1629 and correcting its MA8, XAUUSD broke the support and entered the range of the 1617 - 1628 area. The price most likely will make a correction today before dropping back and landing at 1617. The MA Pattern is still showing a strong downtrend but still Be careful with the Daily and Weekly corrections that are starting to...
GBPUSD GBPUSD tried to fight back its downtrend today but the price was rejected at 1.08693 while closing the gap that occurred at the beginning of the last week in September. The cable is currently forming a doji in the range 1.06417 - 1.07258 which if this becomes a higher low, there is a possibility that GBPUSd will temporarily maneuver at least to resistance...
EURUSD EURUSD is back in the range 0.95255 - 0.96387 after correcting yesterday's MA8. The downtrend still seems to dominate this pair so there is still a possibility that support 0.95255 is broken and EURUSD will head to the next support at 0.94749. Possible to take SELL LIMIT 0.96378 SL 0.97252 TP 0.95291 R3 0.97871 R2 0.97564 R1 0.96858 PV 0.96387 S1...
AUDUSD AUDUSD is still in the range 0.64461 - 0.65490 and has landed at its support this morning. AUDUSD possibly will sideway within this range first before breaking through support 0.64461 and heading to the next support at 0.63828. Possible to take SELL LIMIT 0.65474 SL 0.65952 TP 0.64488 R3 0.66535 R2 0.65720 R1 0.65490 PV 0.64461 S1 0.63828 S2...
NASDAQ After correction to its MA20, NASDAQ fell back into the range 11091 - 11301. The downtrend still looks quite strong on this index and most likely the NASDAQ will land at support at 11091 today. Be careful with the maneuvers that a lot of USD news will create today. Possible to take CUT HALF at 11280 and CELL BEP. R3 11578 R2 11470 R1 11368 PV...