WTI Crude Oil Breakout (Update)2021-06-14 17:45:00
WTI Crude Oil Talking Points:
Oil prices hit a fresh two year high to start this week’s trade.
Buyers remain large and in-charge of crude oil prices, the bigger concern would be short-term dynamics as oil prices have been up for 13 of the past 16 trading days.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
WTI Crude Oil Talking Points:
Oil prices hit a fresh two year high to start this week’s trade.
Buyers remain large and in-charge of crude oil prices, the bigger concern would be short-term dynamics as oil prices have been up for 13 of the past 16 trading days.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
Nasdaq sell 14151.00
Tp 14120.00
Tp 14030.00
Tp 13950.00
Sl 14250.00
Use small lot size ‼️
Tp 14120.00
Tp 14030.00
Tp 13950.00
Sl 14250.00
Use small lot size ‼️
AUD/USD Forex Signal: Extremely Bearish Below 0.7675
The pair will likely keep falling as bears target the next key support at 0.7646.
Bearish View
Set a sell-stop at 0.7675 and a take-profit at 0.7645.
Add a stop-loss at 0.7750.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 0.7715 and a take-profit at 0.7850.
Add a stop-loss at 0.7650.
The AUD/USD pair tilted upwards after the positive news from Victoria. The pair rose to 0.7692, which was higher than Wednesday’s low of 0.7675.
The pair will likely keep falling as bears target the next key support at 0.7646.
Bearish View
Set a sell-stop at 0.7675 and a take-profit at 0.7645.
Add a stop-loss at 0.7750.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 0.7715 and a take-profit at 0.7850.
Add a stop-loss at 0.7650.
The AUD/USD pair tilted upwards after the positive news from Victoria. The pair rose to 0.7692, which was higher than Wednesday’s low of 0.7675.
GBP/USD Forex Signal: Relief Rally Likely After Fed Dip
While the overall outlook for the pair is bearish, we can’t rule out a situation where the pair bounces back as traders fade the dollar rally.
Bearish View
Set a sell-limit at 1.4037 and a take-profit at 1.3960.
Add a stop-loss at 1.3950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.4050 and a take-profit at 1.4120.
Add a stop-loss at 1.4000.
The GBP/USD pair crashed after the latest Federal Reserve interest rate decision. The pair declined to 1.3970, which was 1.15% below the highest level yesterday and 1.80% below the year-to-date high.
While the overall outlook for the pair is bearish, we can’t rule out a situation where the pair bounces back as traders fade the dollar rally.
Bearish View
Set a sell-limit at 1.4037 and a take-profit at 1.3960.
Add a stop-loss at 1.3950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.4050 and a take-profit at 1.4120.
Add a stop-loss at 1.4000.
The GBP/USD pair crashed after the latest Federal Reserve interest rate decision. The pair declined to 1.3970, which was 1.15% below the highest level yesterday and 1.80% below the year-to-date high.