US100 is a broken down market that eyes the trendline supports
We could see a continuation in the coming days as per the structure of the market and analysis thereof in the following video.
If the correction decelerates son the daily charts, a bullish opportunity could present itself.
Gold parabolic move underway breakout traders rapped at initiaL BALANCE LOWS OF THE WEEK.
GBP/USD bulls are staling at a potential area of support and a correction could be on the cards.
US30 has been under pressure all week. Could it be time for a correction?
NZDJPY has made fresh lows but the market is now correcting. This might give sellers a premium to sell higher.
We have swallowed up the longs in a long squeeze ahead of the FOMC minutes. Until we se a break of trend, bears are in control. A break of the trend will leave prospects of a bullish correcting in play.
EUR/CAD is rallying for fresh highs in the NY session. However, bears are lurking in resistance.
The Kiwi has been moving up towards the neckline of the M formation, respecting bullish trendline support.
USDCAD bears are trying to take out the bullish trendline support and testing structure.
USDCAD is building up for a breakout and in this part 1 video, we look at the bullish outlook from a longer-term, point of view.
EURJPY is moving into consolidation as the following video shows.
The GBP/USD bulls need to get onto the other side of the bearish trendline
Gold price is up to test a key resistance area. The bulls need to get above trendline resistance and the bears need to get below the triple bottom lows.
USD/JPY is bullish while above 137.50 and the daily trendline. There is a 50 pip opportunity to the downside if the resistance holds to target 138.00.
GBP/JPY is running towards support and there could be prospects of a move higher if the bulls engage on the front side of the major bullish trendline.
Gold price has moved in on a key support area and the bulls will be looking to move in again on the trendline resistance while bears eye the major trendline support.