Daily market watch

[alex4winners]

On the NIKKEI daily chart, we can see that the instrument is testing the top of the wedge formation 218 level. This seems to be a falling price action formation with the possible bearish outcome. As long as the price is below 225 level also a 100 SMA the downside swing should continue.
Note: look near-term for the short trade entries as long as the instrument is below 225 level with the SL above 230.

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 NZDJPY daily chart, we can see that the instrument is testing the previously broken downside resistance line 78.300 level. This level is near the 100 SMA 78.470 level providing thus a good downside support level.
Note: look near-term for the short trade entries with the SL above the 78.500 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 SPX daily chart, we can see that the instrument is in the bearish continuation triangle after the previous wedge break below the 2700 level. We need to see a valid close below the 2600 level for the triangle break and further downside extension.
Note: look near-term for the short trade entries with the SL above the 2700 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 daily chart, we can see that the instrument is rejected by the newly formed downtrend channel upper line 83 level. This is now a valid upside resistance along with the 76% Fibbo retracement of the previous swing down.
Note: look near-term for the short trade entries with the SL above the 83.50 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 daily chart, we can see that the instrument is testing the upper wedge line and also the 100 SMA 0.7780 level. This level is an upside support and also a downside resistance.
Note: look near-term for the short trade entries with the SL above the 0.7800 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 NIKKEI daily chart, we can see that the instrument is bouncing of the strong support line 2174 level. This bounce is leaving the possible Inverse H&S formation in play (bullish). Look for an upside extension from here.
Note: look near-term for the long trade entries with the SL below the 2170 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 daily chart, we can see that the pair is breaking above the strong horizontal resistance 1.4245 level. This break will open a further upside continuation into the 1.4600 level.
Note: look near-term for the long trade entries with the SL below the 1.4200 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 USDCHF daily chart, we can see that the pair is testing the 200 SMA and 100% Fibbo extension level 0.9640-0-9650 zone. This is the strong upside resistance and a break above this zone is required for an upside continuation.
Note: look near-term for the short trade entries with the SL above the 0.9650 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 USDCAD daily chart, we can see that the pair is breaking below the 200 SMA 1.2623 level and is pulling back for the retest ahead of BOC decision today. In the case of a new rejection from here we could see downside extension into the 1.2400 level.
Note: look near-term for the short trade entries with the SL above the 1.2620 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 EURJPY daily chart, we can see that the pair is breaking above the strong horizontal resistance 132.400 level. This level is now acting as a support for a possible upside continuation into the 134-135 zone.
Note: look near-term for the long trade entries with the SL below the 132.300 level.

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