Oil is bouncing off 74 Oil has tested the broadening wedge support 74 and bounced. We have a consolidation around these levels now looking higher in this medium-term consolidation formation. Only a confirmed break below 74 could lead to a substantial downside continuation, but the long trade opportunities seem […]
Oil is testing the broadening wedge support Read More »
NASDAQ bouncing off 11500 NASDAQ upside swing consolidation seems to be finished and we are expecting an extension higher to significant 12400 long-term resistance. A break above this resistance is required for a complete upside reversal and a test of 13500. Short-term for the move higher NASDAQ is supported
NASDAQ uptrend swing consolidation finished Read More »
GBPUSD is holding the 1.1700 support GBPUSD is breaking higher above 1.1800. The breakout higher is coming after the 1.1700 support test and bounce. An extension above 1.1800 calls for more upside and a test of the most significant upside resistance 1.12300. This will make the complete upside reversal
GBPUSD is moving higher Read More »
USDCAD retrace of the last swing lower USDCAD is retracting the last swing down and is almost reaching 1.3450. This retrace is also a retest of a broken uptrend line; rejection here or a tad higher will lead to a substantial downside to 1.3000. Only a confirmed break above
USDCAD retrace for a more downside Read More »
Gold is holding the 1750 support Gold is holding the strong support, a previously broken upside resistance. We can see a continuation higher above 1750 and the hold of this support is confirmation of a strong reversal higher from a long-term support of 1650. Although a smaller short-term correction
Gold is supported for a continuation higher Read More »
