With the OPEC+ deal made the price of oil has a strong support zone between 50.80 - 50.34. Resistance is stong at 53.07 due to the markets wanting proof that oil cuts will be made. This proof will not manifest until the cuts go into effect in Jan 2019. With the uncertainty from non-OPEC countries around cuts, the market gets enough volatility to create this moving...
After hitting a support line and showing a butterfly pattern it is looking to run up 40+ pips.
NZDCAD is showing the butterfly pattern and hit a major support line. Look forward to a 50+ pip movement upward.
EURCAD is seeking a breakout as it hovers over a support line.
After hitting support and pullbacks, UJ is looking for upward movement.
GBPUSD has hit a strong resistance line and will soon drop.
UC is trying to regain ground as it moves upward. It is neutral in regards to a pull back. If a pull back does occur, this would make the perfect opportunity for a buy.
We are still observing GBPUSD trend downward.
Gold continues to move downwards as it approaches its 1-year low. Another retest may soon be approaching before it heads south again.
After Trump tweeted that he wanted the USD to be weaker. The EUR took off north. It has respected its resistance line and looking to head back down south with a little pullback along the way.
Using support and resistance, pivot points, and trend BTCUSD is getting ready to pull back and then work its way upward.
It has hit the key support lines, just touched a primary pivot line. Now it is getting ready to pull back before it takes off for the ride.
Bitcoin has hit its support line and will rise to a smooth TP as it continue to trend upward. This is not a long term position.
Gold hit a support line, already pulled back, and is now going up again before another drop.
Gold has hit its support line and has already had a pullback. Now it will continue to increase.