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Ilovetrading

CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs. In the near term, oil prices could remain range bound within 48/49 and 44/45 levels. www.tradingsignalreviews.com
FX:USOIL
by TheBanker
5
CADJPY: CTS Trade From This Morning's Training Lesson Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily evaluation of a price chart & this was the example that I used to show them how I still use it without actually using it (if that makes sense) Anyway, what we have above is a level of potential structure support that has been tested a few time is the recent past as both support & resistance. We also have an AB=CD patter, Fibonacci Ratio confluence & a potential advanced Bat Formation resting in that zone as well. This makes for a great example of taking the clues that the market provided with and putting them together in order to find quality trading opportunities. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
Forex Market Analysis and Trading Tips 21st July 2016 (USDCAD)SUMMARY: The USDCAD pair bounced slightly during the course of the day on Wednesday, using the 1.3037 level as support. At this point in time, the market is looking bearish. The primary trend of USDCAD is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.3075 Support at the level of 1.3037. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: USDCAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Thank you for reading guys, I am humbled by your response to my ideas and I wish you all the best with this trade! Likes and comments appreciated :) www.tradingsignalreviews.com
Short
by TheBanker
7
USDCAD VOLUME, OPEN INTEREST, LEVELS, UPDATE (WATCH TEXT)THIS IS NOT ANALYSIS, I HAVE PREPARED AN OPTION LEVELS TO SHARE WITH YOU, THAT CAN BE USED TO FILTER OUT LEVELS THAT YOU ARE USING IN YOUR ANALYSIS Volume Put / Open Interest Put / Level 0 / 8 / 1.44928 0 / 20 / 1.43885 0 / 4500 / 1.41844 0 / 43 / 1.40845 0 / 91 / 1.39860 0 / 251 / 1.38889 0 / 387 / 1.37931 0 / 1426 / 1.36986 0 / 322 / 1.36054 10 / 1380 / 1.35135 15 / 478 / 1.34228 15 / 1378 / 1.33333 85 / 580 / 1.32449 92 / 1133 / 1.31577 34 / 1240 / 1.30715 87 / 796 / 1.29865 70 / 574 / 1.29024 23 / 238 / 1.28194 0 / 185 / 1.27374 0 / 301 / 1.26563 0 / 28 / 1.25763 0 / 4 / 1.24191 Volume Call / Open interest Call / Level 0 / 48 / 1.32469 3 / 118 / 1.31594 52 / 460 / 1.30730 72 / 786 / 1.29878 63 / 1420 / 1.29038 145 / 1469 / 1.28208 82 / 1074 / 1.27391 15 / 648 / 1.26583 3 / 572 / 1.25787 0 / 782 / 1.25000 0 / 324 / 1.24224 0 / 320 / 1.23457 0 / 260 / 1.22699 0 / 76 / 1.21951 0 / 50 / 1.21212 0 / 48 / 1.20482 0 / 7 / 1.19760 0 / 1 / 1.19048 0 / 4 / 1.18343 0 / 7 / 1.17647 0 / 24 / 1.16959 0 / 26 / 1.16279 0 / 17 / 1.14943 0 / 6 / 1.14286 0 / 4 / 1.13636 0 / 15 / 1.12360
by Marenno
Forex Market Analysis and Trading Tips 12th July 2016 - USDCAD SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.3050 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 200 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.3141 Support at the level of 1.3050. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair. STRATEGY: USDCAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. Thank you guys for all your support, I am humbled to be apart of such an amazing community - your likes and comments are appreciated, and best of luck! www.tradingsignalreviews.com
Long
by TheBanker
10
$DXY, Dollar Index Roadmap after Brexit Dust Clears - July 2016Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75. A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here. The bullish view could, however, turn weaker in the event that the dollar index slides to 95.0 – 94.75 to mark a retest of the H&S and price channel breakout level. In such a scenario, US dollar will be likely struggling to breakout above 95.95 – 95.75 which could potentially turn to resistance and put the bullish view into question. Your likes and comments are really appreciated guys, thank you for all the support and trade safely. Thanks. www.tradingsignalreviews.com
TVC:DXYLong
by TheBanker
10
USDCAD Market Analysis and Trading Tips 5th July 2016SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.2891 Support at the level of 1.2866. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair. INDICATORS:- MACD is sustaining in its positive territory indicating the bullish trend in the pair. RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair. STRATEGY: USDCAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Long
by TheBanker
7
XAUUSD Overview and Trading Tip 5th July 2016Overview: The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance at the level of $1360 and support level at the level of $1340. If market sustain above its resistance level, it will lead to further upside rally in the market. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX:XAUUSDLong
by TheBanker