awg74

awg74

Current POC 83.61 trending towards 84.22 on the 30min chart. Downtrend to interject, watch that point. If breaks through and 84.22 becomes support we could climb to 85.33 by mid day Friday. If 83.61 doesnt hold on the 30 min upward trendlin it could drop to 83 and another point of interest for buyers to step in or sellers pile on and start the descent to 79.35

awg74

Looking at USOUSD on the Daily chart we can see that the price has turned from its previous positive momentum and stalled out around 95.85. Since that turn a downtrend has formed and looks to have space to move lower to the 80.50 range. Key Point of resistance other wise its back down hill even further to the $67.50 range. 200 Day moving average 80.885 POC 80.451

awg74

EIGHTCAP:SPX500 FOMC Minutes proved positive sentiment temporarily for stocks as the dollar dipped. Respect for the weekly demand zone and trendline shows that we could end up continuing onward to the upper supply zone near 4600. Looking at a big test for the bulls around 4450.

awg74

EIGHTCAP:USDCAD The USDCAD is looking to climb from its September lows. Tweezers bottoms and a solid rejection a the 200 MA (1.34037) on the daily showing a good demand zone filled. Trendline from the lows of July support and upward trojectory. It will be slow coming in against the Major POC from the previous 12 months is 1.35900 so price will look to...

awg74

EIGHTCAP:XAUUSD Looking at Gold it is holding a key level of support after 09/25 1915.95. It is nearing the 200 MA - 1910.45, if it breaks through the 3rd major trend line of the daily from the swing low of beginning Jan 2023 would anticipate price slip to 1850 Close of XAUUSD for 2023 looking to project an end price around at 1815 - 1845 if can't hold the...

awg74

Some key data to come out for the remainder of this week that will stay a factor in the direction on the NDQ100. From the swing low of beginning of Jan we are close to our 3rd trendline break. Needs to hold to bounce back, or we could see it drop out the bottom here for a little bit. www.marketwatch.com Long above 14,850 into heavy selling pressur Short below...