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Midterm

GBPUSD Range Trade from 1.215 - 1.26GBPUSD ranging between well tested support and resistance levels at 1.215 and 1.26. Based on existing uncertainty surrounding Brexit, and fears of 'Trump Rally' reversal I hesitate to predict the trend going forward, but as 'Brexit' appears to be at least partially priced in, I'm more comfortable buying below support, with a tight SL, and TP at 1.26. This strategy is supported by the high volumes accompanying bull candles at the bottom of the range, suggesting high Sterling demand at these levels. This is all contingent on no major surprises in the economic releases for the next few weeks.
by Trade_Wind
Watch out for Natural gass move...e see lately the rally of the natura gass trying to change it's trend upwards. Some traders might disagree and they think that natural gass already change it's momentum. Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious.. There is a possibility to witness a bearish flag pattern and nothing more here. Don't forget we are talking about a seasonal product. We can also see the profit taking at these levels as i mentioned before and the weakness of the market to validate 50% Fib level at 3,250$ don't even mention 61,8% Fib level at 3,400$ level. 3,250 very well respected ressistance/support through the years. We want to see creating higher lows and higher highs above these levels mentioned, to validate the mid-term ternd that we can see at the chart since previous year. We also see the price hitting top Bband. Stoch RSI% at overbought levels. ADX still hasn't validate 20 level to create positive trend. HAPPY TRADING GUYS!!
N
by The_Greek_Trader
2
Silver ready to shine...Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD. Both these facts triggered by the incapability of president Trump to pass the new healthcare system. Dollar slipped and broke the neck line of the head and shoulder formation that occured. Uncertainty started rising about the power that president Trump has in order to pass other more important plans such as the 'Tax plan'. TECHNICALLY Silver just like gold,due to the strong positive correltion between them,they are trying to validate the 200MA and BC trend-line. We can see that silver has formed a symmetric triangle ABC,that has to break,which is basically the corner of a larger triangle EFC(if you zoom out) that a longterm trend line since 2011 has created. Closing daily above 18,06$ and keep these levels weekly it will be a good bullish indication. Because we can use 200MA and red trend line BC as a great support. Once 200MA is validated the first target is 18,50$ 50%Fib level and upper BBand, second target is 19$ 61,8%Fib level plus strong resistance well respected at the past. We can also see a rising inverse head and shoulders(BLUE AREA) with neck-line already broken upwards. Also Macd will turn positive simoutaneously with 200MA and BC trend-line. T1 18,50$ T2 19$ SL 17,80$-17,90$ HAPPY TRADING GUYS!
FX_IDC:XAGUSDLong
by The_Greek_Trader
2
SPX 5 rejections at 2350Hello Traders, today we would like to share with you the SPX as it shows very interesting moves currently around the 2350 level. "White House says vote on healthcare bill scheduled for 19:30GMT (via. Reuters)." Therefore, the market currently tumbles sideways as uncertainty arises, everyone is looking at a decision which could move the SPX as it currently flirts with 2350 zone on the downside, after the break of this zone on Tuesday. Will we see lower prices? First clue was the 5th rejection of the strong resistance zone at 2350. However, important is today's close together with new from the White House. We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading together of course with risk/money management. As seen in the chart, two of our three intermarket indications already moving in lower areas territory. They might be the possibility that they soon reach extreme zones of more outflow of capital to other asset classes. We always take into account the BIG 4: Currencies , Bonds, Stocks and Commodities . Only the SPX/USDX ratio shows still more potential to the downside. Movements could be soon momentum driven based on intermarket indications. As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care. We wish you much success, The Secrets2Trade Team
TVC:SPXShort
by secrets2trade
3
EURJPYThe past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible move up to the 123.400 area and create a new high , however caution is advised due to the way the markets have been acting the past couple weeks.
Long
by Oz001
USDJPYMy bias currently mid term for this pair is short , after seeing the confluences highlighted in the chart above. Today we had a potential false break out on the 4hr chart , which also broke past my descending channel. If we see a strong bearish close on the 4hr chart & we are below 116.000 this pair can still be classed as bearish. The daily candle is also looking like its going to close like a shooting star. We still have trump speaking tomorrow which may cause uncertainty , price may spike to 116.000 , however target is set at 15.00
Short
by Oz001