LIGHT.CMD 4H Chart: Targets at 75.34 - Trade Pattern Ideas - Dukascopy Bank
Mon, 01 Oct 2018 06:25:42 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Buy
RSI (14)
Sell
Sell
Neutral
Stochastic (5; 3)
Sell
Neutral
Neutral
Alligator (13; 8; 5)
Buy
Buy
Buy
SAR (0.02; 0.2)
Sell
Buy
Sell
Aggregate
⇒
⇒
⇒
Light.CMD/USD has been appreciating against the US Dollar since the middle of August after the pair reversed from the lower boundary of a six-week ascending channel at 65.00.
Everything being equal, it is likely that the crude oil price will continue its upward movement and aim at the upper boundary of the six weeks ascending channel pattern at 75.34 during the following trading sessions.
However, important resistance levels to look out for is the weekly R1 at 74.45, which could hinder the price from reaching the target this week.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.