Short term outlook for Crude oil is bearish, as a double top has been created on the 4hr timeframe. Following a drop, a bearish flag has been formed and a bearish signal was given inside this flag.
Looks like EUR/USD is bound to go lower. Engulfing bearish candle on the 4hr provides us with a sell signal, though we want to remain cautious and have proper stop losses in place, as a bounce at 1.10 support is likely. Overall outlook of this pair remains bearish in my opinion
potential for short term bounce as gold has printed a bullish signal at a support zone. Overall outlook will remain bearish, so it's best to take profits faster than usual. Besides that you can look for a bearish entry on the bounce.
Overall trend on the daily and 4hr time frame is bearish in my opinion. Currently, price is approaching some strong support areas, moreover bears could also be exhausted in the short term. Therefore, a bounce is likely.
Consolidation might be over with this bearish flag giving a sell signal on the daily and 4hr. Short and medium term trend in my opinion now turns to bearish. Trade safely and wait for confirmation.
overall trend is undecided as GBP/USD is currently in a range on the daily. GBP/USD rejected from the top of the range and has been coming down to the lower end of the range. Bears are exhausted and price is near support, so a bounce is likely in the short term. Though I would wait for a proper confirmation.
USOIl is currently in a trading range, spanning from support at around $56 and resistance at $58. A break of either support or resistance would give us a potential opportunity to trade the breakout. Let's see what next week will bring. Will it keep trading in this range or might it break out? What do you guys think?
