CURRENCYCOM:SILVER
After a bullish wave, a repulsion from the wall at about 30.
The high wave that showed a weakness in the uptrend (a probable trading range, then invalidated): indeed, the price broke also the lower area of the range with a red candle.
FOREXCOM:EURCZK
The trend is bearish, of course. However, the currency cross is exactly at the test of the previous bottom (see the support line and the yellow circled areas). It could be a rebound or a volatility exhaust. The mentioned bottom is a key level.
Let's look at the next trading sessions.
OANDA:EURJPY
The last trend is bullish, of course. From a bearish trend, marked by the parallel channel, the cross began a bullish trend, highlighted by the trendline. The is no correction, at now. However, there might be a pullback, a retracement or similar, just to take a breath.
Let's look at the next trading sessions.
FOREXCOM:USDCHF
At a glance, we can notice a rebound from the bottom: see the green arrows, the crossover of the RSI and the BBs.
If it will be confirmed, it could lead to an uptrend (for the long set-up, see the key levels marked by FIBO retracements).
FX:EURSEK
At a glance, we can notice two key levels in the chart (see the green and red arrows), respectively to set up a long or short trading strategy.
The long set-up is marked by the double top (see the previous resistance line), at 100% FIBO level. The short set-up is marked by the 78.60% FIBO level. The last one will be also confirmed with the break of...
FX:EURNZD
The cross is well set in a bullish trend (see the last trendline and the previous EMA crossover). It seems to reach the previous resistance level: see the horizontal line at about 1.7470.
FX:EURAUD
The cross is close to the resistance. If it will be confirmed (see the previous situation), it could trigger at least a pullback.
The resistance is a key level, the RSI is near the upper band (overbought), the same for the BBs.
Let's look at the next trading sessions.
MIL:IMA
From a bullish trend, the chart shows a lateral trend at the moment, between 69 and 73 EUR.
The chart shows also two patterns (high-wave and spinning top): the latter is much similar to a hybrid high-wave, the shadows are large however the lower shadow isn't so wide; indeed, the first one reveals uncertainty (a balance of the bulls and of the bears)...
OANDA:EURGBP
The trend is still bullish, see the beginning, from the MACD and MOMENTUM crossover (green arrows). The uptrend is well set with the bullish trendline. The next trading sessions will be very important to value the next market scenario: at now, the bull market shows no sign of weakness.
Indeed, the volatility isn't so prominent to cause a...
