NannePost

NannePost

Gold recently broke ascending slope line and re-tested it as resistance. Area has confluence with upper slope line of descending pitchfork and 61.8 retracement of recent decline. ~Possible stop above 1592 ~Targets on the chart with red circle. ~Entry, wait for break of RSI line and ascending slope line on hourly chart. (below in description.) Daily Chart Hourly Chart.

NannePost

EUR/GBP broke the descending trendline and has tested it twice late Januari as seen on daily chart below. Daily Chart. Ascending Pitchfork looks pretty solid, which intersects with descending 4-hourly slope line. 4-Hour Chart Descending hourly channel lower parallel also intersects @ the sweet spot. 1-Hour Chart

NannePost

Gold broke a multi-week ascending trendline on the chart, RSI confirmed this by a break of horizontal support. Price closed below the 2019 High yesterday, what leaves the door open for further decline. Possible target 2020 Open which lines up with a 100% trend extension, as visual below. 4-Hour Chart

NannePost

It looks like another rejection from slope resistance, with bearish divergence in the 14-period RSI. A closer look shows a possible double top, an hourly close below yesterdays low and a break of ascending trendline would confirm this. 1- Hour Chart

NannePost

Pound Sterling is in the spotlights today, with BoE inflation and interest rate decision. Ascending slope line intersects with the 2020 low, put your stops accordingly, target 618 fib. @ 1.3450

NannePost

Kiwi is about to test a area of great interest. ~ 2019 May low @ 6480 marks the topside of the area, it has confluence with the neckline of inverse H&S and unconfirmed ascending slope from 2019 lows.

NannePost

WTI crude could test the lower parallel of multi year ascending pitchfork and December 2019 low @ 55.30$. Weekly Chart

NannePost

Swissy should go lower from here.

NannePost

Swissy is still trading within it's October range and made a couple of rejection from a descending multi month slope line. This slope line can come in play today, when it intersects on ascending hourly pitchfork and the 61.8 retracement of the October trading range. Daily Chart 1-Hour Chart Confluence on 61.8 of October range.

NannePost

Broke multi day ascending slope line. Entry levels daily low @ 1472 followed by 61.8 retracement of previous up move @ 1470

NannePost Updated 

Gold is currently using a new ascending multi day slope line 4-Hour Chart Gold broke the median line of descending Pitchfork. Targets still 1480 followed by 1489.

NannePost

Area of interest 54.61, lines up with a level it used in the previous month and a decent fib number is here. Daily Chart Currently testing descending slope line.

NannePost

WTI is trading within an ascending Pitchfork, drawn on June Low - July High - October Low. WTI traded within an ascending Schiff Pitchfork for the entire month, however it broke out to the downside recently. Couple of Fib. numbers are lining up on descending multi year slope. Daily Chart

NannePost

Entry area long ~ 1464.5 - 1460 Stop 1456 Target(s) ~ 1480 ~ 1489 4-hour Chart

NannePost

Aussie finally broke out to the topside.

NannePost Updated 

Entry Point short, on ascending slope line and 61.8 retracement of the weeks range and two fresh daily highs.

NannePost Updated 

WTI crude is testing the lower parallel of ascending Schiff Pitchfork for the third time. For more info look @ related idea, link below. ~ Target Augustus high @ 57.9 ~ Stop loss @ 56.4

NannePost

S&P is testing 100% extension of prior June Low - July High - August Low move @ 3121. S&P is trading within a Schiff Pitchfork, drawn form 2019 Low - May high - June Low. There is still some room for further upside, but it looks pretty extended @ the moment. Possible pullback area ~ 3000 or descending slope. 4-Hour Chart