CFD: S&P 500 Index
Completing it cycle on weekly TF?
We are looking price towards upper line Momentum bullish trend is in control.
Cryptocurrency: BTCUSD – BITCOIN
Key level support $9k holding strong and price rebound again on range trading Targeting price to move towards $10k again.
CFD: WTI – US Oil
Bullish trend and momentum is still looking strong with most countries resume economics activity.
We are targeting price to move inside uptrend channel and towards around $45 Next resistance on upper line.
CFD: DXY – US Dollar Index
Looking at range trading and yet mapping the movement price on downtrend channel.
Targeting price towards lower line and currently will retest on the median level
CFD: XAUUSD – SPOT GOLD
We are still looking at breakthrough above $1,800 price level.
Price currently onand expecting to move towards median – upper line
Correlates between US Dollar Index DXY and EURO seems both on range trading.
Expect nothing much on any rally movement but target price moving towards uptrend channel.
Targeting to reach upper line by end of the trading week
Same compare to most major pairs as market still in range trading but looking at strong uptrend towards upper line after breakout on median line and will retest on this level.
However upper line is our price target to reach next resistance level
Tight range on moving towards uptrend and price is still looking strong on inside uptrend pitchfork channel.
Targeting next resistance on upper line else price moving inside between median & lower line channel.
Price made reversal on fibo 1.618 resistance and return inside pitchfork channel.
We are looking price to retest on median support before breaking below towards lower line support Highly probabilities market is still on range trading.
OIL prices lead to stronger Loonie and we have high impact news on Friday.
Trend is looking at downtrend channel and we are targeting price to break below median and towards lower line key level support.