Daily market watch

[alex4winners]

On the EURUSD daily chart, we can see that the pair is pulling back to a strong downside support 1.7000-1.7100 zone. This is a strong downside support zone for the further extension down. If we get a close above this zone we could see a deeper pullback into the 1.1900-1.2000 zone.
Note: look for the short trade entries in case of a bearish price action and a reversal below 1.17000 level.

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[alex4winners]

On the EURGBP daily chart, we can see that the pair is pulling back to a broken wedge 0.8800 level for a retest. Look for a reaction from here for the eventual downside extension. Only a daily close above the 0.8850 level will invalidate the downside.
Note: look for the short trade entries with the SL above the 0.8850 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 OIL daily chart, we can see that the instrument is pulling back into the strong upside support zone 64-65. This support zone should hold for an upside continuation into the 72 or a downside break for a deeper pullback into the 60-62 zone.
Note: look for the long trade entries on the bullish price action in case of a bounce above the 66 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 chart, we can see that the pair is pulling back into the downside support 147-147.500 zone. Look for the reaction in this zone for a possible downside continuation. A daily close above the 147.500 could lead to a deeper pullback into the 149.400 level.
Note: look for the short trade entries on a bearish price action below the 147-147.500 zone.

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 chart, we can see that the pair is pulling back into the downside support 1.17500-1.18000 zone where we could expect a rejection or a continuation into the 1.19100-1.2000 zone.
Note: look for the short trade entries on a bearish price action below this zone because the pair is still in a downtrend as long as it is below the 1.20000 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 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.

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

 

[alex4winners]

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 the 0.7600 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 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: look for the reaction here and for a possible short trade entry on a bearish price action.

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 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 a bearish price action.

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