Daily market watch

[alex4winners]

On the NZDJPY daily chart, we can see that the pair is going for a test of the strong horizontal resistance 76 level. This level needs to be broken for the downside extension

Note: look for the short trade entries in the case of the break below 76 with the SL just above the 76.500 level

Note: look for the short trade entries with the SL just above the 0.8850 level
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[alex4winners]

On the Gold daily chart, we can see that the instrument has broken, above the falling trendline but is still below the 1340 level of the upside resistance. This level needs to be broken for the upside extension higher. The pullback to 1320 level is not excluded.

Note: since we have the consolidation look for the price action confirmation of the break or rejection around the 1340 level.

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the USDCAD daily chart, we can see that the pair is bouncing off the strong support zone 1.2750-1.2800. This bounce could lead to a 1.3200 level test for the upside continuation. This is also the intersection level for the falling long-term trendline.

Note: look for the long trade entries with the SL below 1.2800 level

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the Brent Crude Oil daily chart, we can see that the pair is testing the strong long-term horizontal upside resistance line 70.47 level and reaction from here to the upside or the downside will lead to a next big swing.

Note: look for the short trade entries with the SL above the 70.50 level

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the CHFJPY daily chart, we can see that the pair through the major horizontal downside resistance zone below 112 level. We are seeing a retest of this zone. Only a daily close break above the 112.480 would invalidate the downside.
Note: look for the short trade entries with the SL above the 112 level

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the GBPUSD daily chart, we can see that the pair is pulling back from the 1.4260 level and is breaking below the previously broken upside resistance 1.4050 and this break is opening the further downside continuation.
Note: look for the short trade entries with the SL above the 1.4070 level

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the GBPUSD daily chart, we can see that the pair is pulling back from the 1.4260 level and is breaking below the previously broken upside resistance 1.4050 and this break is opening the further downside continuation.
Note: look for the short trade entries with the SL above the 1.4070 level

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the GBPJPY daily chart, we can see that the pair is testing the key strong downside resistance 149 level and the upside support. This level should hold for an upside continuation. For the downside continuation, we need to see a break below this level.
Note: look for the short trade entries in case of the daily close below this level. In the case of a bullish close, today go long with the SL below the 149 level.

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the SPX daily chart, we can see that the pair is breaking below the 200 SMA (blue line) 2600 level and is opening the possibility for extending the downside all the way to 2300-2400 zone. This clear daily close below this level is significant also because it is the first one after the July 2016.
Note: look for the short trade entries with the stop loss above the 2600 level.

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading

 

[alex4winners]

On the GBPUSD daily chart, we can see that the pair is still rejected by the 1.4070 level and as long as the pair is below this level we could see a new downside swing into the 1.3980 level. The 1.3980 level needs to be broken for the extended downside continuation into the 1.3800 level.
Note: look near-term for the short trade entries as long as the pair is below 1.4070 level with the SL above 1.4100.

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com Read more about the prop-trading