NASDAQ was rejected from the falling channel top NASDAQ is rejected from the falling channel top 11700. This rejection leaves the instrument in a swing range between 11000 and 11700. A break below 11000 could open the retest of the October 2022 low. We need to see a break […]
NASDAQ is open to one more swing lower Read More »
DXY is breaking below the H&S neckline DXY has broken below 104 and is extending lower. This confirmed break now could lead to an extension lower to the target 95. Now only a confirmed break above 104 could lead to a reversal higher and an invalidation of the extension
DXY is reversing lower Read More »
GBPUSD is bouncing off the support GBPUSD is bouncing off the support of 1.2100 and is extending higher. This confirmed bounce can lead to an extension higher to 1.2800. Now only a break back below 1.2150 can invalidate the upside extension higher. There is no significant resistance higher now.
GBPUSD is extending higher Read More »
EURUSD is extending higher EURUSD is briefly breaking above the strong resistance of 1.0750. A confirmed break above this resistance is required for the upside reversal and a bullish extension higher to 1.1900. A break below 1.0600 can invalidate this. Note: look for the long trades with a stop
EURUSD is breaking above the strong resistance Read More »
Oil is testing the breakout resistance Oil is testing the breakout resistance 82. A break above this resistance is required for the upside reversal and a bullish extension higher. A rejection here could leave the instrument in a range between 73 and 82. We need to see a significant
Oil is testing the strong falling wedge resistance Read More »
