Lalit Matta / Profile

USOIL 0.53% overall expecting rally soon, As last long signals target was hit and still we are long .Due to sentiment soured amid indications that supply from OPEC was set to rise US OIl 0.46% settled lower for the second session in a row of Friday.we have some OPEC meeting this week to deal cut productions, there are some another reason to see $50 barrel soon.The most recent data shows that investors staked out more bullish positioning in each of the last two weeks, a period that corresponded with rising oil 0.46% prices.we don't like to selling the pair.

BUY USOIL 0.53% .

@45.70/45.40

Target: 46.40/47.10
stop loss: 45.00

gud luck !

#forextuitions.

USDCHF still there is a potential to go more downwards , currently the pair trading 23% retrace fibo with daily candle support along 200 ma on weekly time frame, before see another fall we can see the pair retrace 50%retrace around 0.9610/0.9630.
Note: we have ECB today.

Short term trade.

Buy USDCHF

@0.9545/0.9530

Target: 0.9610
Stop loss: 0.9500

gud luck

#forextuitions

USDJPY pair fall after negative fundamental data, currently the pair traded into support zone area with 50% retracement fibo with supporting 200 MA on daily candle , on other side the Bank of Japan is simply not in a position to join the recent hawkish shift in the tone of developed markets central banks.Expecting another rally coming soon towards 115/50/116. we don't like selling here .

BUY USDJPY.
@112.00/111.80

target: 113.20/114.00
Stop loss: 111.50

gud luck !

#forextuitions

EURGBP pair fall after GBP fundamental positive data,we heard Carney & Co. say that they would be focusing on the reinvestment of businesses as one of three key metrics that composed of Brexit negotiations outcomes that would be favorable to the UK economy, business growth, and wage inflation. As technically the pair traded on support zone to begin building exposure with the higher long traders volume.we dont like to selling here .

BUY EUR/GBP

@0.8748/0.8725

target: 0.8828
Stop loss: 0.8688

gud luck !

#forextuitions.

USOIL -0.07% inventories , In the United States, crude oil =0.07% inventories last week dropped the most in 10 months.Crude inventories fell 7.6 million barrels in the week to July 7, to 495.35 million barrels. The decline was the biggest since the week ended Sept. 4. it will be a good for USOIL 0.07% less inventories and strong demand from china, it could support usoil 0.07% price to rise further. As technically USOIL 0.07% trading the range of impluse with had a strong support near 43.90 , As dips hold above this level expect oil 0.07% to continue higher. we don't like t to selling here.

Buy USOIL 0.07% 45.60/45.20

Target: 47.10/48.40
Stoploss: 45.05

gud luck !

#forextuitions

USDCAD pair still there is a weakness , as fundamentally we have BOC today and expecting 25bp hike with neutral statement , we believe We do not have long-term USDCAD weakness extending into 2018, however , will see soon back to 135, Currently as technically the pair traded below 200 MA on 1hr time frame with incomplete pattern of head and shoulders, we can see one more leg down from 1.2922/48 towards 1.2880/1.2820.We don't like to buying here .

Sell USDCAD.
@1.2922/1.2948
Target: 1.2850
Stoploss: 1.2982
gud luck !

After Fomc meetings announce start Of Balance Sheet Runoff In Sep; Next Hike In Dec -0.89% , Dollar getting strong , As XAUUSD -0.27% has fallen from 04/06 on the strong resistance , currently traded on daily support with completing impulse pattern at 1227/1230 , expecting another fall towards 1200/1190 .we don't like to buying here .

Note: today we have NFP data.
Sell XAUUSD:

1227.50/1229.00

Target: 1212.00/1206.00
Stop loss: 1236.00

Gud luck !

#Chart of the day

USOIL rally after last fundamental inventories and this month July is usually a big month for drawdowns: Over the last five years, inventories of crude oil have dropped by an average of 2.9 million barrels per week in July, according to the U.S. Energy Information Administration.As technically USOIL traded on his strong resistance with around 100% fibo retrace completion , if break will see 48.00 soon but as 4hr candle pattern we can see here a short term fall to re test support and the clue for next movement.
Sell USOIL.
@46.92/47.08
target: 46.12
Stoploss: 47.52
gud luck !
#forextuitions

AUDNZD 0.10% pair has completed his daily target, now the pair traded with double bottom on daily candle with strong support , we can see bounce at least three waves back from here . we don't like to selling here .

BUY AUDNZD 0.10%

@1.0398

target: 1.0468/1.0505
Stop loss: 1.0358

gud luck !

#forextuitions

USDCAD pair traded on 50% fibo with double top pattern into 4 hr candle and below 200 MA on daily candle also dozi making into 4 hr , we can see one more leg down towards 1.3220/40 to bounce back. we don't like buying here.

Sell USDCAD

@1.3322/1.3340

Target:1.3240
stoploss: 1.3383

gud luck !

#forextuitions

EURUSD pair traded on daily strong support with 200 MA bar on 4hr chart, the pair stuck with the range of 1.1134 to 1.1165, as technically it should break the level to extension lower to wards 1.1100/1.1080, As dollar strong after FED rose interest rate and yet has not completed daily target, so we can see another fall in eurusd pair from 23.6% fibo towards lower of 1.1100/1.1080. we don't like buying here .

Sell EURUSD
@1.1150/1.1170

Target: 1.1080
stoploss: 1.1203

gud luck !

#forextuitions

USOIL pair made bearish trend after opec meeting to reduce productions on above there is a tensions in gulf with the saudi arabia one of the oil producer country , as technically still the trend is bearish continue but it traded now on strong support it could possible to bounce back at least 3 waves and we have inventories data soon. Below 43.70 will not be go for buy on abobe 43.74 we can see bounce until 45.20/45.90.

Buy USOIL

@44.21/44.00

target: 45.20/45.70
stoploss: 43.52

gud luck !

#forextuitions

GBPUSD pair retest today again on his strong resistance and again fall from the price , as technically is traded under 200 MA on 1 hr candle with the bullish pattern also the upside momentum in the pair we can see bull soon towards 1.2840/1.2920 again.

BUY GBPUSD
@1.2728/1.2700

target: 1.2820/1.2890
stoploss: 1.2655

gudluck !

#forextuitions

USDJPY 0.15% changed trend after rose interest rate and fomc pushed by dot plot one more hike in 2017, as technically pair traded on above strong support with 200 MA on daily candle , we can see one more rally towards 111.90/112.40. we don't like selling here !

Buy USDJPY 0.15%

@111.05/110/85

target: 111.90/112.40
Stop loss: 110.50

gud luck !

#forextuitions

AUDNZD has rally after AUD unemployment positive data , also technically pattern shows is still looking more up towards 1.1.0590/1.0640, we can see another buying around 1.0508/1.0492. we don't like selling here .

BUY AUDNZD

@1.0505/1.0490

Target: 1.0585/1.0620
Stop loss: 1.0455

Gud luck !

#forextuitions

USDCAD 0.06% nice bounce after fed raise interest rates ,but still technically usdcad 0.06% has not yet completed his weekly target, we can see another fall from 1.3270/1.3305 to wards 1.3100

Sell USDCAD 0.06%

@1.3280/1.3300

target: 1.3200/1.3150
stoploss: 1.3340

gudluck !

#forextuitions

USDCHF tested fourth time major resistance ,could possible to break this time, there are two scenario now ,as technical pattern shows there is a scope to go more higher to wards 0.9560/0.9800 if not able to break resistance will see retest to support. We don't like selling here .

BUY USDCHF

@0.9710/0.9690

Target:0.9780/0.9810
stop loss: 0.9650

gud luck !

#forextuitions

GBPJPY pair trend shows more downwards ,after completing impulse it was fall as expected , currently trading towards retrace 50%fibo we can see another fall from 142.65/85 towards 141.00 . we don't like buying here.

Sell GBPJPY

@142.65

Target: 141.60/141
Stop loss: 143.10

Gud luck !

#Forextuitions

USDCAD still there is a one more leg down towards 1.3180/1.3110, Ready for sell again.

Sell USDCAD.

@1.3280/1.3310

target: 1.3200/1.3140
stop loss: 1.3350

gud luck !

OPEC meeting discuss about extending the production cut in Crude Oil to stabilize oil prices, But USOIL fall more than 5% still there is a scope to go more than to make new floor or retest strong support of 43.76. as technically we can see three waves towards 47.00/47.40, currently usoil standing on double bottom support on daily candle.we don't like selling here.

Buy USOIL.

@46.20

target: 47.20
Stop loss: 45.70

gud luck !

#forextuitions