Daily Forex Ltd.
Daily Forex Ltd.
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  • The S&P 500 pulled back slightly during the trading session on Wednesday, reaching down towards the 2600 level, but turning around to form a hammer for the daily candle. Because of this, I think we will see this market go higher, and then perhaps the major selling is over, least in the short term. You can see that the uptrend line is just below, which coincides roughly with 2600. I think that the ...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil market initially fell during the trading on Wednesday. The market bounced though, forming a bit of a hammer. That’s a sign that we are probably going to go towards the $69.50 level again, and then perhaps the $70 level after that. I think that short-term pullbacks continue to be buying opportunities, and that the $66 level should be supportive as well. I believe that the uptrend ...

Daily Forex Ltd.
Daily Forex Ltd.
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  • Bitcoin fell significantly during the trading session on Wednesday, as the $10,000 level came into sight. With the US dollar strengthening, that does make a bit of sense, but now I think we are testing whether there is significant support between the $8800 level and the $9000 level. I suspect we could get a bit of consolidation in this area, but if we were to break down below the $8800 level, the ...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar continued to show strength during the trading session on Wednesday, and of course it was no different against the Japanese yen. It looks as if we are going to try to go to the 110 level above, which is resistance. This is based upon the interest rates rising in the United States, as the 10 year note flirts with 3%. I believe that if we can break above the 110 level, the market should...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The EUR/USD pair broke down during training on Wednesday, as we broke down below the bottom of the range for the session on Tuesday. It looks like we are going to try to continue to go lower, but I think there is a massive amount of support underneath extending down to the 1.21 level. That is an area that is previous resistance, and I think it should show plenty of support going forward. I think t...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 initially tried to rally during training on Tuesday but found the 2680 level to be too resistive. We rolled over from there rather significantly, reaching towards the uptrend line underneath. We did hold above there, so that’s a good sign. I think that the market reacting to 10-year treasury yields breaking above 3% has been a bit overdone, and I anticipate that we will have buyers jum...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil market initially tried to rally during the session on Tuesday but has found resistance again near the $69 level. Beyond that, there is a significant amount of volatility in this market due to being overextended, and of course talk of a potential Iranian deal extension could bring down part of the fundamentals in this market. Nonetheless, this is a market that has plenty of bullis...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin markets rallied a bit during the trading session on Friday, gaining over 5% against the US dollar. This is a good sign, and it looks as if we are going to go looking to test the $10,000 level. That’s an area that could be resistance, but I think that the resistance area extends to the $12,000 level. Because of this, if we can break above the $10,000 level, the $12,000 level is then going t...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The EUR/USD pair initially pulled back during the trading session on Tuesday, continuing the bearish pressure. However, when you look at this chart from a longer-term perspective you can see that we are in an uptrend and have been consolidating over the last couple of months after that move. The 1.21 level underneath continues to be a hard “floor” for the market, and I think that turning around th...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar has rallied initially during the trading session on Tuesday, reaching above the 109 handle. However, we have turned around to form a bit of a shooting star as stock markets in America roll over. This was in reaction to higher interest rates in the treasury market, and I think this could have the markets cooling-off a bit. The shooting star of course is a sign of negativity, and I thi...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 has gone back and forth during trading on Monday, essentially closing flat. The market is sitting above a significant amount of noise though, and there is a major uptrend line underneath. So, I believe that we could drift a bit lower from here, but there is a significant amount of noise that could come into play and lift the market. I think if we can break above the 2680 level, the mar...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil markets pulled back initially during the trading session on Monday, breaking towards the $67 level. That’s an area that has been resistance in the past, so it’s not surprising that we turned around to form a bullish candle. It looks as if we are going to reach towards the $70 level above, which of course is a major round number. That major round number should continue to offer va...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin did almost nothing on Monday, as we continue to hang about the $8800 level. There is a significant amount of noise at the $9000 level on the short-term charts, and I think that the resistance extends to the $10,000 handle. It is because of this that I would anticipate some type a pullback, but I think that $8000 could offer a bit of support. Buying on dips is probably the best way to trade...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar rallied significantly during the trading session on Monday, breaking above the 108.50 level. The market looks likely to find resistance between here and 110, but I suspect that the buying pressure could continue as interest rates in America are starting to rise in the bond markets. This of course will work in favor the US dollar, and if the stock markets can gain slightly, it could h...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The EUR/USD pair initially tried to rally during the trading session on Monday but rolled over and showed extreme weakness, crashing into the 1.22 level. There is a lot of support between here and the 1.21 level, an area that was previous resistance. I think that if we were to break down below that level, then we could be in serious trouble. Otherwise, I think that there will be value hunters comi...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The WTI Crude Oil market has gone back and forth during the session on Friday, settling on a neutral candle. The market looks likely to continue to go back and forth, although I think that the overall attitude of the market is still bullish. I think that there is a lot of support underneath, starting at the $66 level, and then possibly even lower than that at the uptrend line. I think that the $70...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin rallied against the US dollar during trading on Friday, reaching towards the $8500 level. If we can break above that level, the market should continue to go higher, perhaps testing the $9000 level over the weekend. I think that the $10,000 level above is massive resistance, so it’s not until we break above there that the market will be free to go much higher. If we do clear that area, I th...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 rolled over during the trading session on Friday as stock markets in general fell. Interest rates in the United States are starting to work against stocks, and we have drifted down to the 2660 handle. However, there is a major uptrend line just below, which can be found closer to the 2600 level. Beyond that, there is also a significant amount of noise between here and there, so I think...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The US dollar broke out a bit during the trading session on Friday against the Japanese yen but turned around to form a shooting star. While the candlestick itself is a negative sign, I think that the longer-term play is to buy dips. I think if we can break above the top of the shooting star for the Friday session, extensively the 108 handle, we should continue to go higher and look towards the 11...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The EUR/USD pair fell during the trading session on Friday, reaching down towards the 1.2250 level, before bouncing a bit at the end of the day. The market is in overall consolidation, and it just doesn’t show much in the way of breaking out or down from here. Beyond that, we have an even larger consolidation area that starts at the 1.21 handle underneath and extends to the 1.25 level above. If we...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • The S&P 500 fell during the trading on Thursday, breaking below the 2700 level. After forming the shooting star and Wednesday and look as if we were running out of strength, and that seems to be the case now that we have rolled over during trading on Thursday. Even with this move, it looks like the 2650 level should be supportive, based upon the previous resistance. I like the idea of buying dips ...

Daily Forex Ltd.
Daily Forex Ltd.
YouTube Video
  • Bitcoin was slightly positive during the session on Thursday, gaining over 1%. However, there seems to be a bit of resistance at the $8400 level, so I think we may continue to go back and forth. If we can break above the $8400 level, the market will probably go to the $9000 level next. The alternate scenario is that we roll over here and go looking towards the $7800 level. I think short-term back ...

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