OPEC deal still fuels movement. We've denied breaking several supports today. 52.45 should be taken, if not today, on monday (bearing really bad news during the weekend).
Possible range movement for the next few days. Keep in mind, this is all before the main event, OPEC decision on the 30th November. Expecting a few calm(er) days, after which a lot of volatility on Tuesday / Wednesday.
Although USDCAD has been correcting for the past while, I am short on this pair. Please wait for the breakout before placing any trades. No need to get stuck in a trade that may continue sideways.
I'm going to be looking for movement here in this region. 3 things could happen. 1.) Pair rebounds quickly without coming close to the resistance/trend-line, in which case I will skip this trade. 2.) Pair falls further into the resistance zone and bounces off of the trend-line. If confirmed, I will enter long. 3.) Pair falls into zone and breaks below...
As you can see, there are 4 important points that might be the crucial checkpoints tomorrow. Predicting that Nr. 1 is a 99% probability (the only way we can pass that range is if it gap opens up or down by +-40 cents). Nr. 2 has 45% probability from Nr.1, Nr 3 has 55% probability from Nr. 1. Nr. 3 has 75% probability from Nr. 2, with 25% probability of a...
GBP/USD has just broken out of the 1.33715 an area of key resistance following some news about the US economy. This breakout could push price action to around 1.34800 and beyond. I am anticipating a pullback from the highs of today back down to around 1.33715 which should then act as support, i will then enter long on this up to 1.34800.
Hi guys, This week the EURGBP hit the highest price after around three years. This area would be a strong consolidation period because, most traders believe that the history repeats it self and it is time to repeat and reverse the trend.; so traders will wait to see what is going to happen.
Well I'm expecting a correction movement.
A Bat pattern formation on 30 minutes chart! i'm already long from 1.12428 hope you wil appreciate it
Hi there! Here we have a nice bearish Gartley Completion together with the smaller bearish movement that is happening. Good Trading!
I think its possible for a movement to the upside in the short term, I have multiple indicators suggesting so. Support level at 169 and my target is 172.
It's a montly chart. EURUSD loss strength and it can't break 1.04 support plus the morning star in a congestion could be a good signal to bullish movement. Possibly the next target will be at 1.1 and If USA present good results the next month with NFP bearish trendline continues.
The S&P500 has a pattern that is extremely interesting. I've devised an indicator I call Range-Movement, which I say Range-Move and shorten to RgMov on the chart below. It measures the way the market is moving and compares ranges to ranges, side-by-side. It also gives very interesting indications of TREND and sometimes more importantly it shows the level of...
It is a very interesting and highly explosive situation now on WTI OIL market Price has been trending laterally since the start of September, causing volatility on quarterly basis to contract unusually tight (measured by 1.25 standard deviations from quarterly (66 day) mean) It means that when price eventually breaks from the 1st standard deviation, a move in...
DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market...