Key Support109.60 Key Resistance: 110.31 The UJ has been trading inside of a range for the past week but on the higher time frames we are seeing some very bullish momentum. This is why we are looking for buys in this market. On the other side Japanese Yen futures continue to tumble and yesterday today […]
Key Support: 70.70 key Resistance: 72.00 Last OPEC meeting the consensus was to raise output this spring and summer by 2.1 million bpd (barrels per day). Iran’s return to the oil market is less than certain with regulation on their nuclear capacity are being delayed and vey hard to oversee. Demand of petroleum based products […]
Key Support: 154.50 – 154.00 Key Resistance: 155.50 The GBPJPY rallied 1.48% at the end of May and last week price pulled back to the previous broken level forming a flat correction right at the 1.13 retracement of the BC move. We have been looking for a setup to go long here on a bullish […]
Key Support: 1860 – 1872 – 1882 Key Resistance: 1895 – 1910 After last Friday’s rally in Gold prices on US employment data missing expectations we closed the day with a big 2.17% range on the bullish side. On Sunday Gold opened lower and and fell below the weekly pivot stabilizing it’s down side around […]
Key support: 2670 Key Resistance: 2900 – 3230 – 3645 After Ethereum’s drop from all time highs (-60.7%) the 2000 to 1700 level held nicely, being retested and rejected twice (May 19th and May 23rd) but buying in such a strong bearish move was risky. On May 30th, Ethereum printed a new higher low signaling […]
Key Support: 1.42 – 1.4165 Key Resistance: 1.4380 The GBPUSD’s upside has been capped to the upside by the 1.42 level since mid May creating a flat triangle in the process. it has now come back into the range below 1.42 on big USD buying from the lows but the setup remains valid above the […]
Key Support: 1.2180 Key Resistance: 1.22 – 1.2235 – 1.2260 The EURUSD dipped last Friday’s on some very bullish USD momentum pre NY open to test the long term bullish structure and the previous week’s lows. The USD remains very much fundamentally under pressure and last Friday the DXY faked out of a massive resistance […]
Key Support: 1890 – 1870 Key Resistance: 1910 – 1925 Gold has been in a very strong bullish move since the beginning of April (+13.78% move) breaking with the long term bearish structure it had been trading in since it hit all time highs back in August 2020. The last time we broke with a […]
Key Resistance: 15535 Key Support: 15355 – 15250 The German Dax has rallied 5% since it bottomed around 14820 late last week and now is retesting April 16 highs (all time highs) whilst breaking the short term structure and last week´s highs. The last time the Dax traded at these levels it dropped 4.56% (710 […]
