Put your eyes on the support level trendline ( ST ) and dynamic resistance ( DR ) first, USD/CHF is creating a symmetrical triangle. It's also changing trend by hitting at ST or DR . At present, it's at ST. By that means, it will touch T1 ( 0.9120 ), T2 ( 0.9160 ), and T3 ( 0.9180 ) soon. And yes, don't forget to notice the rejection zone , tail , and...
WTI Crude oil following the support trendline and dynamic resistance. At present, it's in an uptrend for short-term investors. According to this chart, the last descending triangle pattern is the broken upper side. Still, we cannot trust this breakout because of excess at the support line. Buy position can initiate at 43 for 43.4 - 44 targets. If WTI comes...
In the previous week, gold has made -90.51 loss, AND it has lost -8.8 points in the last trading session. XAU/USD may slip from here for $1916 to $1900 levels. Gold Strong Support $1686 too far away now. In the previous week's trading sessions, it has touched the support trendline and took a reversal. Hence, according to this chart, we may see $2000 -...
According to this chart, EUR/USD will keep moving upside. S-RSI crossover is confirming that. We may see the following levels soon: 1.1865 - 1.1915. Keep your eyes peeled at the hurdle (1.1695) . Breakdown of hurdle: 1.1640 - 1.1600 . I don't recommend selling the EUR/USD until the breakout of my hurdle.
Short positions below 0.7170 with targets at 0.7145 & 0.7115 in extension. The crossover of hurdle (0.7190) lines means a short uptrend. Hence, don't initiate a position before confirmation crossover. Hurdle Breakout(0.7190): 0.7214 - 0.7240 .
For (A) with targets at 0.9010 & 0.8975 in extension OR (B) with targets at 0.9065 & 0.9100 in extension.
According to this chart, GBP/USD will keep moving upside. We may see the following levels soon: 1.3055 - 1.3085 . Keep your eyes peeled at (C) level. Breakdown of (C) level: 1.2955 - 1.2920.
Long positions above 0.6535 with targets at 0.6560 & 0.6600 in extension. Alternative scenario Below 0.6525 look for further downside with 0.6505 & 0.6470 as targets.
According to this chart, Australian Dollar / U.S. Dollar will keep moving upside . S-RSI crossover is confirming that. We may see the following levels soon: 0.7178 - 0.7199 - 0.7220 Keep your eyes peeled at the key level. Breakdown of key level: 0.7120 - 0.7100 below I don't recommend selling the AUD/USD until the breakout of my key level.
According to this chart, USDCHF is an uptrend for a short period. As mentioned above, we will see T1 and T2 soon. Beware to strong support trendline. It has tested twice! We are currently seeing buying pressure because of speculators and volatility. If breakout the support level: It will hit 0.87760 (T1) - 0.85600 (T2) to 0.83541 (2015 January's Low Price).
Short positions initiate at the hurdle line with targets at 1.1720 & 1.1695 in extension. Hurdle 1.1750 According to the chart, the breakout of hurdle lines means a short downtrend. Hence, don't initiate a position before confirmation of breakdown. And don't buy/sell in that mid area.
Long positions above control price with targets at 106.60-107.20-107.75 in extension. Hurdle: 105.20 Don't buy below the hurdle line.