WTI Oil Signals Growth

5 September, 2016

WTI oil closed by white candle last Friday forming a gap in the clouds and touching broken descending channel, and 50% Fibonacci level extended along the last move. Let’s buy the pair at market opening and with the current prices:

As for the cross pair AUD/NZD, price has reached the 3rdВ point of the weekly ascending channel:

Price has formed a hammer in the daily chart, which is touching weekly uptrend, therefore let’s try to buy the pair with the current prices at market opening. At that, it is wise to hide Stop Loss behind the hammer’s handle (SL will give 50-60 points):


Source link  
The outsider on the Forex market

The Greenback has certainly taken all chances to become an outsider on the Forex market this week...

Chinese stocks are posting biggest gains

The Chinese stock market closed on a positive territory, posting the biggest gain since the end of November 2016...

NFP will leave a long-lasting impression

The Australian regulator is riven by contradictions. On the one hand, the economy requires lower rates...


Australian Dollar is waiting on the down-low

The Asian stock market began the week with an advance, in anticipation...

Euro under pressure

The European currency extended its fall after the ECB official, Yves Mersch, denied speculations about QE tapering, making it clear that the regulator is not yet going to change its dovish views...

Oil prices rise amid speculation on OPEC agreement

Oil prices are trading in positive territory on Tuesday, after the Iranian Oil Minister...


Another currency to climb the peak

The comments of the FED officials Erik Rosengren and Loretta Mester...

Pound trades look risky

The British Pound rose above the level of 1.24 after the Bank of England decision last week...

Go short!

When it comes to the EUR/USD pair, then we have a descending channel on the weekly chart...

  


Share: