- Strong rejection at support (previous resistance 1.05722) - Bullish confluence among indicators and moving averages - Following the current uptrend - Flag pattern forming which as touched support - price has broke this structure
GBP/USD After the Double top on the last sessions and the change of the trend in the lower timeframe, today the price is struggling inside a Resistance Area with the presence of the 38.2% FIBO Level where the price, also with a divergence of the stochastic indicator can have a reversal in the direction of the primary trend for a new Bearish impulse.
AUDUSD H1 - Getting off the ground from last week now, bearish market open for the USD this week, gap has been seen, closed and continued here. Targeting previous highs initially.
The USD has found support as I expected with a very bullish doji candle. A weekly green candle will confirm the reversal and signal the USD continuing the trend higher. Expecting selling pressure in other more risky markets.
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 673.75 Pivot: 651.25 Support: 638.25 Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading...
Title: Cocoa Futures ( CC1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 2569 Pivot: 2422 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470,...
Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 4049.00 Pivot: 3914.00 Support: 3757.50 Preferred case: Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue...
Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 648.50, where the 78.6% Fibonacci line is. Stop loss will be at 655.75, where the recent high is. Take profit will be at 641.00, where the 78.6% Fibonacci line is. Please be advised that...
Looking at the H4 chart, my overall bias for ZW1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 750.75, where the 61.8% Fibonacci line is. Stop loss will be at 767.25, where the 61.8% Fibonacci line and previous high is. Take profit will be at 723.50, where the previous swing low...
Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 3922.13, where the 23.6% Fibonacci line is. Stop loss will be at 4100.96, where the recent high is. Take profit will be at 3741.65, where the 61.8% Fibonacci line is. Please be advised that...
#XAUUSD is still making a movement to 1798 limits but there will be a little decline on price below, so let's take out a price below limits or market price, gold price trying to break 1800 again and hold its position.
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 0.67449, where the 61.8% Fibonacci line is. Stop loss will be at 0.68137, where the 38.2% Fibonacci line is. Take profit will be at 0.66048, where the 127.2% Fibonacci extension line...
Looking at the H4 chart, my overall bias for EURUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Price has tapped into my buy entry at 1.05798, where the 50% Fibonacci line is. Stop loss will be at 1.05058, where the 78.6% Fibonacci line is. Take profit will be at 1.07358, where the recent swing high is. Please...
GOLD on the 4h chart after the recent high has retraced to the support at the 1780 area. The price tested the 0.382 Fibonacci level and is now trading above the 1790 zone How can i approach this scenario? I will wait for a potential break of the support area and IF the market will satisfy the ACADEMY rules i will set a nice short order according to the...
We expect a drop on EURUSD in the last active trading week. The movement has already started on Friday after the news. The first target we expect to reach is 1,0518. Further corrections are possible and the SL remains above 1,0735. Take profits and high volatility are possible at the end of the week.
What to look for in the coming days/weeks $DXY US #Dollar is @ major support Strong is good BUT not overly strong as it is now Allies not a fan of this #BRICS garnering steam
Since the 115 top at the end of September, the US Dollar index dropped hard with a more than 10% decline from the top to the recent 104 zone bottom. However, the last month's drop from 108 top is contained in a falling wedge which is a warning of reversal. Considering the long-term bullish trend for Usd and 104 very strong support on longer time frames I expect a...
Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is. Any...