Daily market watch

[alex4winners]

On the GBPJPY daily chart, we can see that the pair bounced from the long-term uptrend line 148 level near the 200 SMA 147.595 level. Look for the recent downtrend price action retracement at least to 38.2% 151.272 level.

Note: look for the long trade entries with the SL below the 149 level

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[alex4winners]

On the DAX daily chart, we can see that the instrument broke below the rectangle 12600 level and it is retesting it now. Another rejection from this level would lead to another push down into the 12000 level.

Note: look for the short trade entries with the SL above the 12800 level

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

 

[alex4winners]

On the XRP.X daily chart, we can see that the instrument is testing the 0.85-0.90 support zone, which needs to hold for the upside continuation. If we got a bounce from here we could see a test of 1.18400 upside resistance level.

Note: look for the buy entries with the SL below the 0.85000 level

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[alex4winners]

On the GBPUSD daily chart, we can see that the pair is testing the 1.3800 triangle uptrend line. This level needs to hold for the upside continuation into the 1.4100 level. Daily close below this level is required for the downside reversal.

Note: look for the long trade entries with the SL below the 1.3800 level

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[alex4winners]

On the Oil daily chart, we can see that the pair is testing the median line of the uptrend Pitchfork channel 64 level. Look for the reaction here for a possible continuation higher or rejection and pull down to the 58.600 level.

Note: look for the long trade entries on the break above the 64 level

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[alex4winners]

On the NZDJPY daily chart, we can see that the pair is moving inside of the downtrend Pitchfork channel and is testing the horizontal uptrend support zone 77-77.500 zone. Look for the reaction here for a possible continuation higher or rejection and pull down into the 77 key uptrend support level.

Note: look for the long trade entries with the SL below the 77.500

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[alex4winners]

On the EURUSD daily chart, we can see that the pair is testing the triangle consolidation line 1.22000 level. This level needs to hold for an upside continuation and a test of the 1.24000 level.

Note: look for the long trade entries with the SL below the 1.22000

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[alex4winners]

On the AUDUSD daily chart, we can see that the pair is breaking below the triangle consolidation uptrend line 0.7800 level and is breaking below the horizontal resistance 0.7750 level.

Note: look for the short trade entries with the SL above the 0.7780

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[alex4winners]

On the GBPJPY daily chart, we can see that the pair is breaking below the triangle consolidation uptrend line key 150 level and is breaking below the horizontal resistance 146.680 level.

Note: look for the short trade entries with the SL above the 147.100

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

 

[alex4winners]

On the NZDUSD daily chart, we can see that the pair is testing the 0.7200 level for the downside continuation or the reversal higher.Look for the reaction from here for the near-term direction. Below 0.7200 we could easily see the test of 0.7000 level.

Note: look for the short trade entries or the long trade entries on the break below this level or on a daily price action bounce

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