DOW JONES DOWJONES rose one range to 32831 - 33093. The correction to the MA8 has also been carried out after touching the resistance at 33093 yesterday. The price most likely will try to break the resistance again and move towards the resistance at 33362. BUY LIMIT 32863 SL 32730 TP 33325 R3 33461 R2 33362 R1 33093 PV 32831 S1 32595 S2 32352 S3 32097
EURUSD EURUSD rose slowly through the resistance 1.01865 but continued to be rejected so it could not rise beyond its MA100. This rejection caused the EURUSD price to be squeezed so that the possibility of going back down to continue the trend on the MA pattern is very possible. If the 100 MA is not broken today, most likely EURUSD will decline at support...
XAUUSD GOLD is testing its weekly resistance area again, a sign that the demand for buyers for loco to rise is still very large. Today the correction to the support at 1780 will occur before another attempt to break the resistance occurs. Resistance 1792 will be the decisive resistance for GOLD to fly again. BUY LIMIT 1780 SL 1763.500 TP 1808 R3 1823.620 R2...
GBPUSD GBPUSD is still in a large range 1.20604 - 1.22017 with a downtrend that has not been fully confirmed. The MA100 is still below the MA20 which looks like the cable price will still be squeezed between the MA and its support until both MAs make a death cross and confirm the downtrend. CUT HALF 1.20604 and SL BEP R3 1.22994 R2 1.22017 R1 1.21666 PV...
DOW JONES DOWJONES is back on track after Tuesday's disruption. Prices returned to normal and showed an uptrend again. The price most likely will minimally correct itself to its new support or to its mA8 before DOW moves back to resistance 33093. R3 33461 R2 33362 R1 33093 PV 32831 S1 32595 S2 32352 S3 32097
NASDAQ NASDAQ also immediately went back to break through 2 resistances yesterday and entered oak in the range 13190 - 13362. Today's price most likely will make a minimal correction to support 13190 or to MA8 which is still at support 13005 to form a strong foundation before heading up again to resistance 13493. R3 13908 R2 13493 R1 13362 PV 13190 S1 13005 S2...
US DOLLAR INDEX (DXY) DXY has flown through its MA100 and is making correction to the support at 106.266 where the uptrend is getting confirmed and it is very likely that DXY will go back to resistance 107.283 again today. FOCUS to BUY on USDxxx and SELL on xxxUSD.
AUDUSD AUDUSD is trying to fight back the temporary downtrend by rejecting the price at its MA100 and trying to break through the MA20. Resistance 0.69692 will determine whether AUDUSD can fight back and restore its uptrend or even go back down through the 0.69292 support which is also its MA100 and land at support 0.69014. We will look for more definite...
EURUSD EURUSD is correcting to its MA8 after yesterday's uptrend was confirmed to have ended. The MA Pattern has shown that the downtrend has started again where it is most likely that EURUSD will land at 1.01182 again this week before tomorrow's NFP. R3 1.04146 R2 1.03425 R1 1.02450 PV 1.01856 S1 1.01182 S2 1.00232 S3 0.99923
GBPUSD The same thing happened to GBPUSD where the price was correcting its price after the break of 1.22017 support which is now its new resistance. Cable most likely will be eyeing to land at support 1.20604 before tomorrow's NFP. R3 1.24093 R2 1.22994 R1 1.22017 PV 1.21666 S1 1.20604 S2 1.20102 S3 1.19144
XAUUSD GOLD is stuck in the 1750 - 1790 range where the support range 1780 - 1790 is the MA8 of the Weekly timeframe which is still a strong downtrend. This of course will trap Loco who can't go down that easily because the MA100 is at 1750. It's better to wait for the certainty of the trend in this metal before trading or use a sideways strategy. R3 1807.890 R2...
XAUUSD GOLD continues to rise after confirming its uptrend. This time Loco is stopping at the range 1765 - 1780 where the correction will soon be completed and GOLD will certainly try to break resistance 1780 which is the MA8 Weekly. BUY LIMIT 1757.50 SL 1749 TP 1778 R3 1807.890 R2 1791.180 R1 1779.610 PV 1764.810 S1 1755.750 S2 1750.380 S3 1741.620
GBPUSD Cable managed to break the resistance at 1.22017 and entered the range 1.22017 - 1.22994. The price seems to be correcting to support 1.22017 before trying to break through its new resistance again. The MA Pattern still shows a strong uptrend with a far enough reversal point at support 1.20604. R3 1.24639 R2 1.24093 R1 1.22994 PV 1.22017 S1 1.20608 S2...
EURUSD EURUSD can finally swing in the range 1.10856 - 1.03425 After MA100 made a golden cross with its MA20 confirming the uptrend in this pair. The price seems to be correcting its MA8 after which EURUSD will go to resistance 1.03425. BUY LIMIT 1.02415 SL 1.01910 TP 1.03410 R3 1.04951 R2 1.04146 R1 1.03425 PV 1.02450 S1 1.01856 S2 1.01182 S3 1.00232
AUDUSD AUDUSD is correcting after successfully entering the range 0.70185 - 0.70415. With DXY still in a strong downtrend, AUDUSD probably will rise above 0.70415 to 0.70814 until the day of USD resistance on Friday. R3 0.71105 R2 0.70814 R1 0.70415 PV 0.70185 S1 0.69913 S2 0.69692 S3 0.69292
DOW JONES Had entered the range 32831 - 33093 but was ejected quite strongly and made DOWJONES have to return to its MA8 which is still in the range 32595 - 32831. Today most likely DOWJONES will try to break the resistance again because the price is getting squeezed between MA8 and resistance 32831. Too bad our BUY limit was not picked up yesterday. We will...
NASDAQ Another thing with DOWJONES, the NASDAQ confirmed its uptrend with the help of the FOMC this morning and now the NASDAQ has reached resistance 12647. Price correction to support 12441 is most likely to occur today before the NASDAQ departs towards resistance 12801. BUY LIMIT 12491 SL 12232 TP 12797 R3 13190 R2 13000 R1 12801 PV 12647 S1 12441 S2 12211 S3 11675
US DOLLAR INDEX (DXY) DXY was rejected by resistance 107.283 and immediately plunged towards support 105.854. The MA pattern returned to chaos because the price immediately penetrated all three MAs at once in 1 candle. Focus on SELL on USDxxx and BUY on xxxUSD.