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Rangingmarket

BRENT OIL price rangesOil prices have been rising since the end of December, rebounding as high as $75 (April 24) from the lows of $50. We can see the 50 and 200-day SMAs around the same area of $69. This area of $69-$70 can be considered as a strong support level and potential rebound point as long as there is no major news in regards to a globally slowing economy. Neutral outlook for now, with a possible tight range of a few dollar in the next couple of weeks, mainly between $69 and $72. Fundamentals that can have a big impact on this range and break it below or above: The Saudis announced that they will increase their supply to Asia which is seen as a counter-measure to compensate for the Iranian market losses. A sensible question would be if the OPEC will loosen up the production restrictions due to the oil supply issues coming from both Iran and Venezuela. Crude Oil stock changes, USA production as well as trade deal developments should also be monitored. To conclude, in case we see a break of the $70 level, the next point of interest would be $67 and then $65 which is the 100-day SMA. On the upside, $75 would be a strong resistance should $72 is broken decisively.
FX_IDC:USDBRO
by InvestmentPros
GBPCHF educationalHi traders, I will show you in this analysis how to trade ranging markets before the break out. After a long time of consolidating we will see a break ot, but how we can trade this and how we find the right setup. First draw the triangle an the boarder lines of the range. The border line of the range are the entry points for your stop orders, the opposite range line from your entry point is your stop. Your target on a long trade is the next resistance and on a short trade the next support line. So you must not watch all the time the charts. Risk management is the key to forex. Your Stefan Forex
by StefanForex
1
NZDUSD Neutral Move (RANGING)NZDUSD ------------------------------------------------------------------------------------------------------------------------------ Price has been in a 3 month range and there should be hopefully a decision by buyers or sellers as to what will happen. Last week sell-off showed strong bearish pressure within this range and a further decline should really see how NZD economy progresses overall as global economies are weakening currently. Now a common fallacy, retail traders have is that when price retests a level with many touches, the level is weakening, this is untrue. What really is happening is, sellers are getting more sell orders in as the first time the sell-off happened, not enough orders were completed or wanting to get in more orders before moving lower. From the 4hr channel, we see price respecting both outer boundaries and stays within the Weekly range. One would think that a big move is imminent, keep watch and see. I would wait at this point to see what happens next.
by ricky1270
Signal Stream - AUDCHF Long SignalJust now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately. ** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets. This pair has been ranging strongly in the past few weeks. A long signal appeared towards the bottom of the range, one of the strongest setups for Signal Stream trades. Initial close range target for this trade fell roughly in the middle of the trading range at 0.73513 In situations like this I tend to stay content with my initial target and close out the trade once the level is reached. Given that we're in a range, price could just as easily move back against us. What I really mean to say by that is that I don't expect to have huge trades running in my direction forever by these types of trades. But they really do work quite well with initial targets. There are many ways to trade Signal Stream. Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears. It's like the market is attracted back to these levels if they don't hit it immediately. Celebratory sale for signal stream happening now! Get lifetime access to this subscription indicator for a one time payment of $67 USD . This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price. PM me for details or learn how to purchase Signal Stream here!
by StreamTrader
BTC in Ranging Market 8400-10150Action : Sideway Trade (Bias Long) Prediction for coming few days BTC will move side way in range 8400-10150. For today movement something like stay at middle of the range. For whole morning, it is bull day. Until now there is no sign of bull get weaken yet.To prove it is bull weaken , at least something like lower high in lower time frame like M5 . Direction : Ranging bias Bull until it form a lower high in lower time frame and turn bear. Resistance level might be 9700 / 10000. Wait for signal long until that resistance level or Wait to short when bull is weaken.
BITMEX:BTCUSD.P
by jeanne_k
USD RALLY...STILL NOT ON, BUT. As I mentioned here , the USD is looking to rally after a long downtrend. Currently she is sitting in a range, but has put in a few signs of possible upcoming strength. MACD recently printed divergence and the RSI is sitting right above 50 as of this post. Last three days have culminated in a Bullish Morning Star pattern and price has bounced off of area of demand support and is currently nibbling at recent supply resistance. On the technical side, analytics showing a strong trend weakening and though today's NFP wasn't convincingly strong, but it wasn't negative. This could provide even more impetus for a strong dollar in the weeks to come. Outlook: Trend is still down though strength of trend is weakening. Price must push up through and close above recent supply resistance zone, my preference is above 91.00. Expect the range to continue indefinitely.
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by jrashaadtrades