Daily market watch

On the EURUSD daily chart, we can see that the pair is in the possible triangle formation touching the median line of the Pitchfork channel. This could be a reversal triangle if we don't see a break above the 1.2450 level. Below the 1.2400 level look for a deeper pullback into the 1.2100 level.

Note: look only for the short trade entries for now with the SL above 1.2500 level.
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On the Gold daily chart, we can see that the pair is rejected from the 1350-1370 zone and pullback reversal is on the way. The instrument is breaking below the channel 1340 level and we could see an extended continuation lower.
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On the Ethereum daily chart, we can see that the instrument has broken below the uptrend channel 1000 level and we could see an extension lower into the key trendline 780 level. This is the level where we could see an extension of the uptrend or a deeper fall into the 300-500 zone.

Note: look only for the short trade entries for now with the SL above 1050 level.

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On the EURJPY daily chart, we can see that the pair is in the wedge and is testing an important 137 level for an upside break. The rejection from here could lead to a pullback into the 135.200 level for a wedge downside break.

Note: look only for the short trade entries for now with the SL above 137 level.
eurjpy.png






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On the NZDUSD daily chart, we can see that the pair is breaking below the broadening wedge pattern below 0.7300 level. This break could lead to a deeper pullback into the 0.7150 level. Yesterday we had a retest of this level.

Note: look only for the short trade entries for now with the SL above 0.7350 level.

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On the GBPJPY daily chart, we can see that the pair is rejected by the long-term falling trendline 157 level and we are seeing a break below the 100 SMA daily 150.830 level. The key level for a long-term downside reversal is 147.515 level.

Note: look for the short trade entries with the SL above 15
gbpjpy.png


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On the USDJPY daily chart, we can see that the pair is testing the long-term uptrend line 107.600 level. Reaction form here is important for an upside continuation or complete downside break. Wait for the daily close for trade entries.

Note: stay away from the trade entries for now

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On the LTCUSD daily chart, we can see that the instrument is testing the upside channel line 182 and also the 200 SMA daily for the break higher and a continuation into the 240 level.

Note: look for the buy trade entries with the SL below 160

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On the EURGBP daily chart, we can see that the instrument is testing the upside rectangle line 0.8910 and is being rejected by it. From here we could see an extension lower into the 0.8700-0.8750 zone as long as this level holds

Note: look for the short trade entries with the SL above the 0.8910 level
eurgbp.png


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On the EURUSD daily chart, we can see that the pair seems to be forming the triangle and is testing again the strong resistance 1.2530-1.2550 zone. Rejection from this zone could bring the pair lower into the 1.2250 level again. The daily close above the 1.2550 is required for an upside extension.

Note: look for the short trade entries with the SL above the 1.2550 level
eurusd.png

For up-to-date trading signals and detailed analytics of it please visit trendtradingdna website trendtradingdna.com
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