Daily market watch

[alex4winners]

On the USDCHF daily chart, we can see that the pair has reached the previous November 2017 high and also the upper channel line of the sideways falling Pitchfork channel 1.0000 level. Rejection from this level would lead to a pullback into the 0.9700 level.
Note: look for the short trade entries with the SL above the 1.0000 level

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[alex4winners]

On the GBPJPY daily chart, we can see that the pair has reached the long-term uptrend line support 147.800 level. This level should hold for the upside continuation. The break below this level would lead to a continuation into the 144 level.
Note: this could be traded as a buy and a sell trade. Buy in the case of a bounce off the 147.800 or a sell in the case of a daily close below this 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 NZDUSD daily chart, we can see that the pair has reached the long-term uptrend line support 0.7000 level. This level needs to be broken for a downside continuation into the 0.6800 level. The bounce off this level and a break above the 0.7050 level would invalidate the downside.
Note: look for now for the short trade entries on a break below the 0.7000 level with the SL above the 0.7050

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 AUDUSD daily chart, we can see that the pair is breaking below the 0.7480 level of the consolidation triangle and also the Pitchfork channel median line for an extension downside into the 0.7300 level.
Note: look for the short trade entries with the SL above the 0.7500 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 DAX daily chart, we can see that the instrument is testing the 13000 level which could be a possible right H&S formation shoulder. The rejection from here could lead to a downside extension into the support 12450-12670 zone. For a continuation higher into the 13250 we need to see a daily close above this level.
Note: look for the short trade entries with the SL just above the 13000 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 testing the 200 SMA 1.3538 level ahead of the BOE decision today. A break below this level would lead to a further downside continuation. For that, we need to see a daily close below the 1.3480 level.
Note: look for the short trade entries only on a clear daily close below the 1.3480 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 NZDJPY daily chart, we can see that the pair is testing the key long-term support 76 level. A break below this level is required for the downside extension. Bounce off this level is required for the upside test of the 77.500-78 zone
Note: enter the short trade only on a daily close below the 76 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 Bitcoin daily chart, we can see that the instrument is testing the 200 SMA 8645 level. This level, if it will be broken below with a daily close today, could lead to a downside extension into the 7000 level again
Note: look for the selling opportunities with the stop loss just above the 8700 in case of the daily close below 8645 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 AUDUSD daily chart, we can see that the pair has broken below the multi-year uptrend line 0.7600 level, and recently pulled back for a retest of that level. Yesterday rejection from the 0.7560 level is opening a new short trade entry opportunity.
Note: look for the short trade entries with the SL above the 0.7560 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 has broken below the multi-year uptrend line 112 level and is retesting the broken continuation wedge 110-110.500 zone. This is also a 50% Fibbo retracement of the latest swing down. If we get a rejection here, downside extension into the 108.557 level again is open.
Note: look for the short trade entries with the SL above the 110.550 level.

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