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Nailandbail

EURUSD setting up to go higherMomentum has crossed over on the 4hr ema once again after price rebounded off monthly dynamic support pushing higher to close back above the daily trendline. Price moved away quickly from the lows after it failed to cross the 78.6 fib retracement level and had already struggled to break the 61.8 level over the last few days in addition to failing to close below the daily support level on Friday. Price now looks to be bullish and is likely to return to 1.19900 to retest previous day resistance and could continue up to the 1.12300 level A failed rally is unlikely however price could fail once again bringing us to the lows of 1.18400 again
Long
by EightfoldPath
EURUSD SELLING PRESSUREMomentum on the weekly, daily and 4 hour EMA all aligned heading SE. Monthly EMA is currently neutral and price is consolidating just above the daily trendline. If price is able to break and close below the bullish daily trendline then bearish pressure is likely to continue to push price lower to the next daily key level of 1.18860 and could continue down to 1.18350. If however price breaks back to the upside we are likely to see price rally back 1.19900
by EightfoldPath
4
Commodities and Construction Analysis (linked to main article)This analysis forms part of a wider 'story' if you like to the current commodity situation tied up to key fundamental factors such as China and US 'trade war', and its subsequent implication of global economic growth and its strong causal link to commodity market for base construction metals and materials. Please see other idea for greater insight and analysis. It provides a strong combination of fundamental and technical analysis that can provide you with a (hopefully) greater understanding of what moves commodity markets and most importantly how fundamental and technical analysis can be immensely symbiotic. Idea here: www.tradingview.com Thank you
L
by Dubsta000