Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex and Commodities Analysis for April 19th 2018
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Day Trade Ideas, post: 146186, member: 53416"] Emini S&P barely moving in overbought conditions - but we edged higher 2718, which was not part of the plan & stopped us out of shorts. However I do still think risks are to the downside. AUDUSD sideways so far this week. We bottomed 6 pips below good support at 7755/50 & topped 2 pips above first resistance at 7790/95. Scalping these 2 levels worked while we wait for the swing trade opportunity. NZDUSD we suggested shorts on a any strength at the start of the week & the pair are lower as expected after we held 7380/7410. A low for the day just 2 pips from the next target of 7300/7295. USDJPY I warned last week was now stuck in a new range & unfortunately I was right - we are holding 106.60-107.77. EURJPY also in a range from first support at 132.20/10 to strong resistance at 133.00/10 but trading in between these levels has offered decent profits. EURUSD sideways & yesterday's inside day means same levels apply for today. A dreadful market to try to make any money. Eventually we will get a breakout & hopefully some direction. USDCAD managed a bounce from 1.2530/25 & unexpectedly beat 1.2625/35, but meets strong resistance at 1.2265/75. Try shorts with stops above 1.2720. Gold jumping around but with no medium term direction. We see a good move in 1 direction for 2-3 days, which then reverses in a sideways trend. Same levels apply for today. A big commodity rally yesterday across the board. PROBABLY A REASON WHY 10 YEAR T NOTE IS NOW LOOKING READY TO BREAK THE 34 YEAR TREND LINE TO START THE BEAR MARKET!!!! Silver we wrote: holding above 1660 is more positive, but we obviously must beat the March/April high of 1686/87 for bullish confirmation. Once through here we shot higher to targets 1702/05, 1710/13, 1720 & 1725. Probably the best trade of the week but had to be patient. A potential 60 ticks on our longs from 1660/65. Be aware that a weekly close above 1750 tomorrow night is a huge buy signal - do not miss this move. It could be the start of a significant longer term bull trend for silver. WTI Crude we wrote: we shot back above 6640/30. Holding above here today targets minor resistance at 6690/95 but above 6715/20 could allow a retest of 8 month trend line & last week's high at 6765/76. This is the main challenge for bulls today of course. A break above 6800 however targets 6835/40, perhaps as far as 6875/80. On further gains look for 6910 & 6950/55. We beat 6800 reaching 6875/80 Analysis by: Jason Sen - Day Trade Ideas [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…