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Transparentforextrading

DJCFD (DJ Transportation Average index).Macro BullishHi, Some say that the DJCFD is a good indicator for the general stock market, eg SP500. If DJCFD does well, the others will do well. This past week, as per the weekly chart, we can see a solid bullish candle close above a main resistance. Before its retests this resistance level, I am leaning towards it reaching to the upper part of this regression channel first. OBSERVATIONS\THOUGHTS: ==================================================== > MACD shows convergence on the daily and the weekly chart. > Using both the channel and the fib tool, the next target level has confluence with both of these elements. > Chart below shows top resistance trend line with confluence to this target area. > Hopefully this also gives the SP500 and BTC the spring it needs for the bull trend to continue, once again. NOTE: DXY finished bearish last week, which gives extra weight to this thesis. Please give me a like or tick for this post. Regards, S.SAri NOTE the top resistance trend line has confluence on my target as well
DJ:DJT
by ssari
Short-term Sell on AUDCADOverall LONG trend on the pair that needs to be supported by a short-term sell for the rally to continue to the upside. Market printed a 'W' formation on the Weekly and the SHORT is based on the retracement to the neckline of the structure. Confluence is further supported by an increase in LONG contracts of Hedge funds in Canadian Dollar, strengthening CAD and more SHORTS and weakening of the Australian Dollar. FOREXCOM:AUDCAD Target areas: SL: 0.94300 TP: 0.88950
Short
by TuksFx