While we are in a longer term downtrend, EC seems to have found a shorter term turning point and is looking for a move at least for a limited time. Looking at the 61.8 fib retracement for a TP which coincides with a past strong support level.
We have been on a bull run in the wheat market since June of last year. However the past couple months we hit a high followed by consolidation between 635-685. We formed a double top and price is looking pretty heavy. We broke out of a multi-month support level and price came back to test this area and looks like it is now a new resistance. Looking to take partial...
GTLS has been moving in an upward channel, recently came back to test the support level of the trendline. Looks to be bouncing off and moving back towards the upper end of the channel. Looking to scale out partial position at recent highs, then moving SL to BE and letting the shares move as much as they would want
GBP has been on a rise across the board, but a recent pullback from dollar strength has pushed it to its upward support line. Price has seemed to reject of this level. Looking for a swing long to recent highs.
AUDJPY is looking very bullish and last week had a significant pullback to the ascending trendline it has been in for several months. Looking for price to continue, but with such strong reactions last week, there is a possibility for this trade to be stopped out. Looking to target previous levels
AA has had some recent huge sell off with volume appearing to absorb all those sold shares. Overall, I think this is looking quite bullish in the current channel it is in. Looking to scale out at different price levels. Also looks poised for a huge breakout on the larger timeframe bull flag its been in
GBP was originally thought to be on an uptrend last week, but looks like the actual movement is currently hapenning. We had a huge break and retest of a signification resistance level. Looking to target nearest highs
Price has finally broken through a strong support zone and not looking like it is rejecting at the new resistance level. However prices seem to have been consolidation, if price moves up from the consolidation, I am more than happy to exit trade, but this has potential to have some feet
The NZD is looking like quite the strong currency for the week. Looking for upside buys with this pair. Although on a monhtly timeframe we are still technically in a downtrend, so will set small TP/SL
We had a huge reversal candle among all the GBP pairs, but I still believe we have the downward momentum. We also might range here until we figure out what direction that maybe
Looks like risk may be off today as a few dollar pairs are rallying. Gbp pairs are currently consolidating and perhaps in reversal, trade small this week
GBP looking like it will continue its downward movement this week. Recently broke below a strong multi-day support zone and came back to test that level as resistance and appears to have bounced off.
Earlier this week week GBP pairs all look pretty week and ooked to continue to downward direction. However this week has been a lot of whipsaw, while prices consolidated for a big move in the same direction or reversal.
