Daily market watch

[alex4winners]

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 trade entries in the 1290-1300 zone with the SL above 1300.

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[alex4winners]

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 the SL above the 0.6950 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 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.

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 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 trade entries with the SL above the 1.3210 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 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 entries if the pair reaches the 1.3350-1.3400 zone. Long trade entries are recommended only on a daily close above the 1.3380 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 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 1.0960 highs.
Note: based on a price action look for the long trade entries with the SL just below the 1.0700 level

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[alex4winners]

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 for the short trade entries on a daily close below the 220 level with the SL just above the 235 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 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 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]

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 1.9300 could now invalidate a new leg lower. Your target on the short trade entry should be between 1.8900 and 1.9000.
Note: look for the short trade entries with the stop loss above the 1.9300 level.

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[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 daily close above the 55.45 is required for an Inverse H&S upside break.
Note: look for the short trade entries for a downtrend continuation in a case of a daily close below the 50.60.

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