Recent content by alex4winners

Oil is rejected again from the 54-55 zone On the Oil daily chart, we can see that the instrument is rejected by the 54-55 uspide resistance zone which also looks like an Inverse H&S neckline. A daily close bwloe the 50.60 level will completeley invalidate ususally bulish Inverse H&S formation. A...

GBPNZD is rejected again from the previously broken long-term trend line On the GBPNZD daily chart, we can see that the pair is rejected from the 1.9300 level a previously broken strong downside resistance and a 50% Fibonacci retracement of the latest swing down. Only a daily close above the...

On the DAX chart, we can see that the instrument is going for a test of the 12000-12100 key downside resistance zone. For an extended weakness, we need to see a break below this zone. Downside support now is 12400 level. Note: look for the short trade entries with the SL just above the 12300...

On the NIKKEI chart, we can see that the instrument is testing a strong confluence of the support 100 and 200 SMA 220 level. As long as the 230 level holds we could see another test of 220 for a downside break. A break below this level would lead to a downside extension into the 200. Note: look...

On the AUDNZD chart, we can see that the pair has bounced off the key Fibonacci 61.8% retracement level of the last swing down. The pair is now in what seems to be a bullish flag with the important upside resistance 1.0750-1.0800 zone. The break above this zone will lead to a test of recent...

On the GBPUSD chart, we can see that the pair has bounced off the key downside resistance confluence 1.3150 level. Still the overall trend is the downside and you should use this bounces to wait for short trade entries as long as the pair is below the 1.3430 level. Note: look for the short trade...

On the GBPCHF chart, we can see that the pair is breaking below the bearish flag 1.3210 level. This is now a strong downside support level as we are heading to a BOE event today. As long as the pair is below this level extension into the 1.2900 is a high probability. Note: look for the short...

On the AUDJPY chart, we can see that the pair is breaking below the 82 level which is a long-term uptrend line support. With this break, further downside continuation is opened. The downside support zone is now 81.500-82. Note: look for the short trade entries with the SL above the 82 level...

On the NZDUSD chart, we can see that the pair is breaking below the 0.6950 level. It is a bearish flag downside break level. If this break will be confirmed today and in the next couple of days we could see a downside extension into the 0.6700 level. Note: look for the short trade entries with...

On the Gold chart, we can see that the instrument has broken below the 1300 triangle level and also a long-term uptrend line. This break is opening a continuation into 1260 near-term. We could see a pullback into the broken downside resistance zone before a continuation. Note: look for the short...

On the NZDUSD chart, we can see that the pair is testing a bearish flag breakout 0.6940 level which is also a long-term support. A daily close below this level is required for the downside extension into the 0.6800 level. Note: look for the reaction here and for a possible short trade entry on...

On the EURAUD chart, we can see that the pair is reaching 55 WMA 1.5649 level. This is now a strong upside resistance and also a downside support. This level needs to hold for a downside continuation. If it will be broken to the upside we could see a deeper pullback into the 1.5700 level. Note...

On the AUDUSD chart, we can see that the is in a possible bearish flag formation with the 0.7550 level as a downside break point. Below this level, we could see a downside extension into the 0.7300 level. Note: look for the short trade entries on a break below the 0.7550 level with the SL above...

On the USDJPY chart, we can see that the pair has is bouncing off the uptrend channel 109-109.240 zone and could be in an upside swing into the 111.500 level which is the uptrend channel upper line. Note: look for the long trade entries with the SL below the 109.240. For up-to-date trading...

On the AUDUSD chart, we can see that the pair is in the wedge after the rejection from a strong downside support 0.7630-0.7680 zone. To have a confirmed wedge break we need to see a daily close below the 0.7520 level. Note: look for the short trade entries with the SL above the 0.7650 level...