darryl11

darryl11 Updated 

Watching Brent closely here, 4410-4430 was a big level back in April... market held there yesterday and trading there at the moment... two key fib retracements to watch below between 43-43.20.. 43 is the 0.382 retrace of the Jan low to June high... 43.20 is the 0.618 retrace of the April to June rally. Ideally i'd like to see the market target to here and bounce....

darryl11

Brent been steadily declining and todays low hit the 100 day MA at 4580. held for the moment but if we close below that level we drop to 44.20.

darryl11 Updated 

UC closed tonight a fraction below its 13 day at 1.2979 & 100 day MA at 1.2981. Probably not far enough below it yet to signal a stronger down move, but move lower runs into the lower trend line, and the 34 & 50 day MA'sbtwn 1.2925-1.2944. Breaks below these levels airdrops back to recent lows 1.2850. Upside resistance the shorter timeframe Ma's at 1.3020-1.3030

darryl11 Updated 

EU closed a fraction below its 200day MA at 1.1092, although moving above as we speak. The rally on the 13th was capped by the falling trend line (if you ignore the brexit noise). Macd rolling over from a good low level, if we can take out the trend line and day high from 13th favours move to 1.1160-11.85 area. the 5 & 8 MA offer good support below at 1.1070 and...

darryl11 Updated 

The rally off the brexit low continues for EU and watching todays action closely.. if it can close above the 1.1084 level, which is where both the 8&13 day MA's are keeping a ceiling on todays price, then we should rally quickly, especially as it looks both the macd and stochastic are turning up from good levels. Upside targets on a close above 11084 are 111.05,...

darryl11

see the congested area with the arrow, Brent trying to break and close above this 50.93-51.20 congested area. four recent previous failures. if we can close above 51.20, it should rocket higher, targeting 52.10 and then returning to early June highs. Technicals this time look set to give it the momentum to do it.

darryl11 Updated 

looking at failing the 100 day MA for third day running, tying in with the stochs about to roll over from a decent level. Todays candle closing here isn't a bearish one, but one to watch for continued rejection of the 100 day MA.

darryl11 Updated 

The moving average cluster around 113 of the 8, 34, and 50 day MA's have stopped every rally for a week in its tracks. Rejection should push down to 1.1220, the 100 day MA, and then the lower trend line. Watch the MA cluster, a close above that area and we rocket north.

darryl11

Usdcad continues to motor ahead, through all moving averages and now targeting the upper mini trend line at 1.3015. Macd's trying to cross higher as well, which will green light a move to 1.32 in rapid time.

darryl11

Brent extending its losses for the month and is now focusing on the up channel from the year lows - currently coming in around 47.24, roughly co-inciding with the 50day MA at 47.31. A confirmed break of that trend line and targets the old support area around 44.20.

darryl11 Updated 

Decent bounce today off the 13day MA for eurusd, but big resistance above tho coming ... 34ma at 11302, 8 day at 11308, 50 day at 11309, 5 day at 11320.. hugely congested area to get through.. tempting short with stops above this levels.

darryl11

targeting the lower trend line, coupled in with the 13 day MA at 4963... need to hold although the technicals are not looking great... close below that line and we could airdrop fast to sub 48.

darryl11

Similar to gbpusd, Eurusd is holding at the 34 day MA at 11340 with the 50day (crucial to gbpusd) just below at 1.1316. Whilst Euro chart looks more bearish with the channel break, and the technicals are giving mixed signals, it could well be, like its british counterpart, that the Euro has to hold these levels mentioned above, or the drop will attract a return...

darryl11

gbpusd continues to freefall from the early June highs, all moving averages been broken with the 50day MA the next strong target. Whilst the 50day has been broken intra day on a few occasions, hasn't been closed below for almost two months. 144.30 is currently the 50day MA.. watch for buying support to come in. if it breaks we target the lower trend line at about...

darryl11

With Brent making new recent highs again, need to look at the bigger picture to get some upside targets. 53.50 is the .618 fib retrace of the may15 to feb 16 move, and has to remain a target. downsides will be capped by the shorter term moving averages. weekly technicals are high, but upside movement can continue with them at these levels.

darryl11

usdcad looking like it could break down here, needs to close below the congested moving average area of 130,40, and then break the lower channel but look at the technicals... not often you get macd and stochastic giving the same signal at the exact same moment ( cos macd is a lagging indicator)... but look at last time it happened together, both crossed up and...

darryl11

0.38 retrace hit from the move up off the feb low, 50 day moving average has held support on this drop... if we close below the 50day MA at 144.01 then targets that secondary support line (black) around 14350. technicals still pointing to lower numbers but wonder if we see some sideways now to cool those off

darryl11

following on from chart yesterday where technicals indicated downside, we've broken the short term support channel, technicals rolling down, targets now 48.40/47.65.