WTIUSD - WEEK7. We have began to see some bearishness in oil now and it's causing issues within the market. Oil is more fundamentally driven rather than technically driven at the moment which is why we are seeing impulsive spikes on the charts. Oil has triggered a bearish channel in its overall bullish trend. Oil dropped today which was projected and made a new...
US100 - ANALYSIS I am neutral on NASDAQ, I feel some bullish moves in the pipelines but at the same time I see RED! 14500 is the decider from here, below this area and some large downside moves will be seen but on the other hand as long as NASDAQ can support itself above these levels it has every chance of pushing higher in the short to medium term. We need...
EURUSD - ANALYSIS EURUSD is also within a choppy range and needs a real breakout. EURUSD is a mirror of DXY and is stable and respects price action well. The red dash line is a huge trendline which looks to have had a textbook bounce from. Would this bounce had been at one of the lower trading lines then I would have entered a long but doing so now I would need a...
GBPUSD - ANALYSIS GBPUSD is stuck in a choppy range area where price is constantly grabbing liquidation preparing for the next move. There are two factors which will move GBPUSD, the first being CPI data and the second being DXY. Positive data will push GBPUSD to the higher where a negative one will pull it down, tomorrow we could see some volatility. If the data...
GOLD ANALYSIS - WEEK 7 GOLD fell has projected in the last post and this was due to easing tension in Russia, GOLD has a lot more room to fall and can do so should any news or fundamental data provide a positive outlook on strengthening economies or a peace agreement with Russia. GOLD'S current zone is choppy and I will not trade until I see a directional...
WTIUSD - ANALYSIS From the last post we can see that price has followed projections almost perfectly. At the start of the week we took a short which was stopped out. Unfortunately we were in the market to early but I am still happy to see that we can predict the moves of the book markers. OIL declined due to easing tension with Russia but an agreement has not...
GBPUSD GBPUSD closed BEARISH on the lower timeframes but on the higher timeframes it was BULLISH borderline indecisive. GBPUSD will be led by DXY which closed BULLISH so we should see downwards pressure in the pound. Chart structure is displaying a wedge which we need a break of for directional bias. I will be looking for short opportunities within the market...
USOIL USOIL closed very BULLISH and price should push further from the current location. Inflation and global tensions will keep pushing up the price until a significant drop is seen. I will look to short USOIL to its next buying location where I will buy. USOIL is wild and becoming parabolic again so it will follow its own chart structure.
GOLD GOLD closed BULLISH and broke the higher timeframe structure, DXY moved BULLISH at the same time, this shows weakness in the currency compared to GOLD which isn’t a surprise in the current climate. GOLD should push higher before having a pullback towards 1823, it should dip further but ultimately, I will be looking for buys above this region with the 1915...
Good Evening everybody and welcome to tonight's breakdown // Just to introduce myself I am the new analyst for USOIL_SIGNALS so I hope you enjoy my charts. OIL has been declining since kissing $93 a barrel and is currently having a steep correction compared to the last one we saw and this has been marked for you. Below 89.40 it's likely that we will see oil meet...
Happy weekend traders; Lets get into oil... OIL pushed towards the 92.50 zone which was marked on the last breakdown, we didn't take a long in the market because we were stuck in a ranged area and as we know we can break either way in a range area. OIL is pushing up inline with inflation and again has broken the trend. judging by the candles shown oil will have...
Good Evening traders; First of all make sure you are following the signature at the bottom of this idea...150 pips profit secured today. Now lets get into it; Oil had some slight pullbacks but ultimately we closed bullish...I never say never but 80.20 is highly unlikely at this level so 84.50-30 now becomes my region of interest for a swing buy. This level is...
Hello traders and welcome to our opening week breakdown...Lets cover oil in all its glory. After Tuesday oil broke away from it's bearish correction before reaching it's target zone...I stated we must stay open to this idea and that oil could do this although it's in need of a pullback. As oil pushed higher during the week we have another bullish weekly candle...
USOIL MARKET BREAKDOWN: We have stayed silent on oil this week and let it run it's course. Unfortunately oil is at a region where it's extremely choppy at all levels which makes trading and analysing that little bit harder. Oil broke the bearish channel with an extreme impulse showing bulls back in control of the smaller trend. I was surprised that we didn't see...
Good Evening guys; Beautiful short taken by our community today...Falling further is something I expected as stated in my last breakdown. The drop was called and I said a "FREE FALL" will take place below 84.74 which is exactly what happened. This is no coincidence as we know where the market it going. My bias hasn't changed on oil and I am still bullish and as...
Good Evening guys; Market open tonight and I am looking forward to see where oil will open...If you haven't read my most recent breakdown make sure you do so as it gives contexts to these two trades. It's not often I post the positions that I play on taking on trading viewing so I hope you enjoy these...We bagged around 350 pips by the end of the trading week and...
Good Evening guys; Here is my opening week breakdown/overview for OIL... As we can see from the $87 dollar region OIL reversed nicely with a large bearish gap and a rejection of the trendline. We can see that OIL has had some of the most bearish 4hr candles that we have seen in a while and this is a good sign for a deeper correction, we can also see that bulls...
What a day to be following us; Lets Recap first: One of my first posts on DEC 28th 2021 I stated oil will push from the $70 region to the $87 region, I stated when we reach that $87 dollar region that the market will reverse like it has done today. We took short from $86.68 and have bagged ourselves around 230 pips profit. Explanation: Due to inflation and...