WTI Crud oil Long Trade As we know that WTI Crud oil has a strong buy trend. After Pul back WTI Crud oil formed an inside bar signal on support level. so we can buy WTI Crud oil on 67.50 Level with stop loss of 65.60 with the target of 70.50 now.
Gold – XAUUSD remains buoyant above key support zone Gold has been in a sideways congestion period between 1307 and 1360 in recent months, within the context of what appears to be a long-term upward swing. As with recent weeks, we continue to call Gold XAUUSD a long and see gold buying opportunities on price weakness around 1307 to 1295 support range. We...
GBPUSD – Sterling/dollar pulls back to support within uptrend. gbpusd trade idea - gbpusd analysis The GBPUSD is in an upward swing after finding support a month ago down near 137.50 area. We have a bullish bias on this market as we have discussed gbpusd in recent commentaries and we will retain that view whilst price is above 1.3750 support. There is...
URUSD – Euro / dollar grinding sideways within larger trading range- EURUSD TRADE IDEA ACCORDING TO EURUSD ANALYSIS, The EURUSD continues to move sideways and consolidated last week, basically EURUSD going nowhere. Price has been contained within a larger consolidation / trading range between 1.2540 resistance and support at 1.2140 for a couple months now....
AUDUSD – Aussie /dollar pushes higher from support after pin bars The AUDUSD pushed higher last week from the D1 pin bar buy signal at 0.7750 which . We see the AUDUSD potential for price to continue higher this week and potentially test resistance at 0.7890 to 0.7990 area. AUDUSD Traders who are not already long from last week’s buy signal can watch for...
EURUSD – Euro /dollar trading above key support zone The EURUSD rotated lower late last week following a push higher in the first half of the week. Price bounced off of 1.2160 – 1.2200 key support zone the week before last as this market is oscillating in a large range between 1.2160 – 1.2200 support and resistance up near 1.2540. EURUSD Traders can continue...
Gold – Gold forms another pin bar at key support zone, will it move higher? Gold has been buoyant and a potential buy at support near and just above 1300.00 key level. We can see that price pulled back last week to 1313.00 area and Gold formed a small bullish pin bar there on Friday, indicating price may bounce higher from that support again this week....
EURUSD – Euro/dollar reverses and pushes higher from key support The EURUSD is clearly oscillating within a defined trading range between 1.2520 resistance and the key support zone down between 1.2200 – 1.2160. We can see eurusd in the chart below, price bounced from that support zone last Thursday, continuing gains into Friday’s close. We see this as strong...
GBPJPY : GBP/JPY Formed Bullish Pin Par on Key Support As we know that 148.00 area of gbpjpy is a key support zone, It is Reversal zone for gbpjpy and market bounced from here earlier, similarly gbpjpy formed a daily base price action after touching 148.00 key support zone called Bullish Pin Bar. So we can take gbpjpy bullish on retest of mentioned D1 bullish...
EURUSD : Pulls Back After False-Break of Resistance The EURUSD rotated down from 1.2520 key resistance last week, consolidating into the week’s close. Eurusd market is still in an uptrend overall but we are currently in a period of sideways / trading-range movement where price is oscillating between support and resistance, as seen below. Price is trading above...
USDJPY – Dollar/yen bullish pin bar could push price higher temporarily For the USDJPY it’s been a quick sell-off in recent weeks but price seems to have found some solid long-term support down near 105.50 (zoom out your charts to see it better) and usdjpy has formed a bullish pin bar reversal there as of last Friday. Given that this pin bar formed at a...
AUDUSD : Aussie/dollar pushes higher as price stays buoyant above support We had been looking to buy the AUDUSD on a pullback to support near 0.7750. We can see that a huge bullish reversal occurred mid-week last week as audusd buyers came into the market just above 0.7750, pushing the market higher. Our view of audusd looking to be a buyer on weakness remains....
The EURUSD moved higher last week as price rebounded following a decline to 1.2200 area the previous week. Notice the false break of key resistance up near 1.2520 that occurred last Friday, eurusd weakness could continue this week as this is a formidable resistance level having given rise to a pin bar reversal a few weeks back. However, eurusd uptrend is still...