Daily market watch

[alex4winners]

On the GBPJPY daily chart, we can see that the pair is pulling back for a retest of the uptrend support 150 level. We need to see a bounce off this support for the upside continuation.
Note: look near-term for the long trade entries with the SL below the 150 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 EURUSD daily chart, we can see that the pair is testing the 100 SMA and also a wedge support 1.2180 level. This level should hold for an upside continuation into the 1.2400 again. In the case of a break below 1.2180 level, we could expect a continuation into the 1.2000 level also the 200 SMA
Note: stay away from the trade entries and wait for a daily close

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

 

[alex4winners]

We are watching today the consolidation in the AUDJPY for a possible long entry. On a daily chart, we are seeing the retest of the previously broken upside resistance 82.400 level. Today price action is not giving much clues either to the bulls or to the bears, but since we had a retest yesterday and today and the intraday bounce of indicated 82.400 level we are giving the higher probability to a long trade entry with a good risk reward.
We have used the combination of the top-down trading analysis and the Andrews Pitchfork channels to get to a trading entry stop loss levels and targets. By placing a long order at the market you would risk 40 pips from the entry and your target would be near the 100 SMA 84.680 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 instrument is testing the 200 SMA and uptrend line again. Only a clear daily close below 2600 is required for a downside extension. In the case of a bounce from here, look for another upside swing into 2680.
Note: stay away from the trade entries and wait for a daily close

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 EURJPY daily chart, we can see that the pair is above the strong upside resistance 132-132.500 zone but still unable to extend upside. Look today for the possible pullback into the 132.400 ahead of the ECB meeting for a long trade opportunity.
Note: look for the long trade entries on a pullback to 132.400 with the SL below 132

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

 

[alex4winners]

We are watching today the Ethereum rejection from the 100 SMA 726 level and this could be used for the new sell entry. The rejection here after the pullback in the overall bear near-term trend is giving to us an opportunity for selling.
We have used the combination of the top-down trading analysis and the Andrews Pitchfork channels to get to a trading entry stop loss levels and targets. Place a sell order at the market with the stop loss near 805 to target 270. Risk Reward ratio is 1:4.

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 USDJPY daily chart, we can see that the pair is consolidating just above the 50% of the Fibbo resistance 109 level and also the point of a retest of the broken long-term uptrend line. Look for the trade opportunities only in the case of an intraday break below the 108.900 level.
Note: look for the short trade entries with the SL above the 109.300

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 USDCHF daily chart, we can see that the pair is reaching the 88.6% of the Fibbo retracement and is getting near the Pitchfork channel downside line 0.9900-0.9940 zone. Hold here could lead to a 200 pips move lower into the 0.9700 level.
Note: look for the short trade entries with the SL above the 0.9940 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 EURUSD daily chart, we can see that the pair is testing the median line of the uptrend Pitchfork channel and also the 200 SMA 1.2020 level. Looking for a bounce from here for an upside continuation. A daily close below this level would indicate a medium-term uptrend break to the downside.

Note: stay away from the trade entries for now and look for a price action bounce or break below the 200 SMA​

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 NZDUSD daily chart, we can see that the pair is testing the lower uptrend Pitchfork channel line 0.7000 level. We need to see, a close above the 0.7030 level also the 61.8% Fibbo retracement of the last swing higher, for the upside continuation into the 0.7200 level.
Note: look for the long trade entries here with the SL below 0.6980 level

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