"The pressure in Oil seems to be unrelenting. On Friday, the market got wind of the Baker Hughes rig count that jumped by 17 (meaning more production in an oversupplied market), and prices dropped yet again. The trend is definitively lower, but traders without exposure in the market may want to keep an eye on a few signs that a short-term bottom could be forming, at least for US Oil. While we often discuss the US benchmark for Oil, West Texas Intermediate ...
H4 price is on bullish market condition for the ranging within the following reversal levels: 1.4022 resistance level located above far Ichimoku cloud in the primary bullish area of the chart, and1.3836 support level located near the border between the primary ranging bearish and the primary bullish trend. Absolute Strength indicator is estimating the ranging condition to be continuing. The price is ranging within the following intermediate levels ...
H4 price is on ranging condition located inside Ichimoku cloud within the key reversal bullish/bearish support/resistance levels: Chinkou Span line is below the price indicating the ranging trend to be continuing,Absolute Strength indicator is estimating the ranging bearish market condition. Resistance Support ...
EUR/CAD: bullish breakout. The pair is on bullish market condition since the beginning of Dec this year: price broke Ichimoku cloud from below to above together with Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was stopped by 1.5125 resistance and 1.5200 resistance levels together with ascending triangle pattern to be formed for the price to be started with the ranging market condition near and below those resistance ...
EUR/USD H4: ranging bearish breakdown. The price broke Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart to be traded inside Ichimoku cloud for the ranging market condition. There are the following key reversal support/resistance levels for intra-day price: 1.1059 resistance level located above Ichimoku cloud in the bullish area of the chart;1.0795 support level located on the border between the primary bearish ...
Recent Comments