GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Brent crude looking like it is about to retest based upon the breakout we saw earlier in the week. I will be looking at the price action around the $47 handle to see whether we have tall wicks and other signs that prices are unlikely to hold above this level. Target will be $41.50.
I am liking the look of this potential setup on the EURNZD. We have a downward sloping resistance line, upward sloping support and horizontal resistance (role reversal) all coinciding with the same point (approximately). It is likely that we might see some volatility around this point with a lot of contradictory views over the importance of these lines - however, ...
EURUSD is in an upward channel. We will be looking for long position entries should prices move towards support - timing wise, we will be looking around the green highlighted area. Hoping it does not look like a 'picture in the clouds' sort of idea with the short-term H&S reversal or looking longer-term, a H&S continuation pattern. I have witnessed stranger ...
Triangle pattern in Brent. Will be looking to trade a breakout by entering on a retest of support or resistance (role reversal), depending upon the direction of the move. Not much else to say here really - just a visual aid by which to look at price action in the coming few weeks.
Market is targeting recent low at ~1.113 level. Previous test as seen from the chart led to a surge to the upside in only one candle, but could not hold these higher price points with the market pushing back down lower to this support level. Another significant test is the dragonfly candle seen thereafter. We will be looking to see the market break down below this ...