Daily market watch

[alex4winners]

On the USDCAD daily chart, we can see that the pair is breaking above the horizontal 1.2910 resistance. This break needs to be confirmed for an upside continuation into the key extension resistance 1.3200 level.

Note: look for the long trade entries with the SL below the 1.2800 level

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[alex4winners]

On the NZDJPY daily chart, we can see that the pair is breaking below the long-term uptrend line 77.500 level. The break below this level is opening the downside continuation for the test of 75.600 again.

Note: look for the short trade entries with the SL above the 77.500 level

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[alex4winners]

On the DAX daily chart, we can see that the pair is testing the downtrend line 12300 level. This level needs to hold for the downside continuation. A break above this level would lead to a extension higher into the 12600 level.

Note: look for the short trade entries with the SL above the 12600.

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[alex4winners]

On the EURJPY daily chart, we can see that the pair has broken below the 200 SMA 131.450 level and is retesting it now. If this level holds today we can see the downside extension to the 129 level.
Note: look for the short trade entries with the SL above the 132 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 USDJPY daily chart, we can see that the pair is trying to break above the falling wedge 106.260 line for another test of 108.500 key level. The break above this level is required for an upside continuation.

Note: look for the long trade entries with the SL below the 106 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 NZDUSD daily chart, we can see that the pair is trying to break above the horizontal resistance 0.7330 level. This level needs to hold for a downside continuation or an upside extension higher.

Note: look for the long trade entries on a clear daily break above the 0.7330 level or for a short trade in the case of rejection from here

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 AUDJPY daily chart, we can see that the pair is rejected from the median line 84 level and is pulling lower after the wedge break. This wedge break could drive the pair lower into the 82 level again and even further to the extended downside.

Note: look for the short trade entries with the SL just above the 84 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 DAX daily chart, we can see that the pair is retesting the broken wedge 12400 level for a possible downside continuation into the 11800 level test again. Only the upside break above 12400 level will invalidate the downside.

Note: look for the short trade entries with the SL just above the 12500 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 in the triangle and is been rejected by the 62.20 level. The triangle lower uptrend line and the level that needs to be broken for a downside continuation is 60.50. Consolidation is coming to an end and the triangle is getting squeezed,

Note: look for the short trade entries with the SL just above the 62.20 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 EURGBP daily chart, we can see that the pair has broken below the uptrend line 0.8850 level and is continuing to the downside for a possible test of 0.8600-0.8650 zone. Only a close above the 0.8850 will invalidate the downside scenario.

Note: look for the short trade entries with the SL just 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