Have a look at the pair EUR/NZD as it might present some interesting trade ideas.
WTI oil may push higher
BUY 58.40; TP 59.60; SL 58.00
It looks like there’s a nice trade setup in WTI oil. The price rebounded from the 100-day MA in the 54.50 area last week and managed to push and close above 58.00 yesterday. Currently, the commodity is testing the 100-week MA at 58.35. A break of this level will open the way up to 59.60 (channel’s resistance, 50% Fibo of the 2018 decline). The longer-term picture is positive and the 50-day MA is about to rise above the 100-day one, so the buy trade has its solid logical foundations.
Notice that if you want to trade WTI, choose WTI-19J or WTI-19K in your MetaTrader (File - CFD Futures).
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…