AUDUSD : Positive SignalsAUDUSD is trading above all short term moving averages on 4 hourly charts. RSI and ADX are also showing upwards direction.
One can go long around 0.7570 levels with stop loss of 0.75350 for Target of 0.7625
Average Directional Index (ADX)
SP500 Sell The SpikesTake note that the daily and monthly time frames show similar ranges as this weekly time frame
For a while on the SP500 0.13% on the weekly time has been close to the upper range of the big range. Inside this range we can now also draw a smaller range thats is narrowing. The Stoch indicator is also making a nice bearish crosser after last weeks close. The ADX isnt that convincing yet so thats why I dont start selling straight away but rather sell the spikes. A spike above 2440-2445 is a beautiful entry for a short.
A target for our sell positions will be difficult, this weekly time frame is more long term and it shows targets that are all under 2400. So if youre able to sit it out for 3-4 weeks you can try and see if it goes that far down.
For more short term targets I have taken a peak at the daily time frame. The daily shows 2422 > 2404 > 2363 as short term targets.
A stoploss at 2458 or 2466 would be nice
EURUSD Bullish BreaKOutEURUSD on the faily time frame is showing a bullish breakout. Besides that the Stoch Rsi has almost made a bullish crossover and on the ADX we see a bullish claw (red line spark bend down, green line sharp bend up) which is an early bullish reversal sign.
Buy with a target of at least 1.1240. a nice place for a stop would be at 1.1090
