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Wednesday, July 21, 2021

πŸ’‘Don't miss the great sell opportunity in NZDCAD

πŸ’‘Don't miss the great sell opportunity in NZDCAD

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.8817).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.

Take Profits:
TP1= @ 0.8760
TP2= @ 0.8724
TP3= @ 0.8678
TP4= @ 0.8661
TP5= @ 0.8632

SL: Break Above R2

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⚠️ S&P500: heading for a balance of the week test?

⚠️ S&P500: heading for a balance of the week test?

S&P 500 CURRENCYCOM:US500

The closest support for today is a limit buyer (4300.0).
The close of the balance of the week (4310.0) further strengthens it.
πŸ’  In case of successful test of the mentioned option support we expect formation of a buy pattern with targets: limit seller (4346.1) and hedge zone (4400.0).
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πŸ’Έ Gold: market maker in chocolate?

πŸ’Έ Gold: market maker in chocolate?

Gold OANDA:XAUUSD

🌐 The nearest support is the limit buyer (1801.66).
Should the said option support (1801.66) be successfully tested, expect a subsequent rise to the balance of the week (1815.00).
πŸ’  Far resistance for Wednesday, June 21, is the limit seller (1818.61).
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✍️ EURUSD: Will the balance of the day be tested?

✍️ EURUSD: Will the balance of the day be tested?

EUR/USD OANDA:EURUSD

πŸ”₯ The nearest support level for today is the limit buyer (1.1762).
♻️ In case of a successful test of the balance of the day (1.1785) we expect a further decline with the target,- limit buyer (1.1762).
In case of breakdown and fixation below the 1.1762 price level, we expect decrease to the market maker's loss (1.1738).
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