Things have taken a turn back to safe havens with heavy selling resuming into today’s European session. After a small push at a fightback, the floodgates reopened. Stock indices and Crypto markets have been the heaviest hit, with some coins dropping over 11% lower. Sellers haven’t overlooked Gold as sellers moved back into the yellow metal knocking back below...
Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today? We want to see price hold above 32,485. A...
Hi trading view community, hopefully, a great weekend was had by all. Looking at oil on the 4H chart today, we see a few signs that buyers are trying to get the trend going again. First, we can see that 108.49 resistance has started to become support. Price continues to consolidate, but that consolidation continues to form an ascending triangle pattern. (AT...
Hi, trading view community. Looking at the $/J, the current 4-hour uptrend continues to trade above the range high, but the real test for us is above at 131.00. Price looks to be struggling at this stage close to the European open. If we did see a new move back to and above 131.00, you would think that buyer momentum is back on track, and the current trend has...
EURUSD daily chart, demand looks to be setting from 1.0490 to 1.0520. The EUR resisted yesterday’s strong selling and saw a higher 4H bur are buyers once again rejected sellers at the 1.0490 support area. Today sellers are trying to make a new test, but while we see support remain in play, we will continue to look for buyers to hold their ground and possibly...
A heavy shift in momentum sent risk markets sharply lower yesterday. Cryptos also took a beating as traders jumped out of risk assets. Bitcoin was cut down, losing over 8%. Sellers broke through 37,600 support seen on the 4H chart. Looking at this move, do we see a new breakout lower? We have a series of LHs leading to a new move lower, signalling a normal...