XAGUSD is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 1.4% where a corresponding bounce could occur.
The index hit our previous target (2,670) making a slightly higher than expected Higher High at 2,677.75. This marginally extended the upper band of the 1D Channel Up (RSI = 59.375, MACD = 16.280, Highs/Lows = 32.7451), which remains overbought on STOCH and Williams. It is natural to expect a technical pull back either to touch the median (2,640) or to pric a ...
It's time to talk about Gold market. The price reached a resistance zone at 1300.00 level. After several attempts to break this resistance, the price bounced and we could see the falling to support at 1280.00 level. The price broke SMA100 and it confirmed a trend reversal. If the price break 1280.00 support, we should be ready to see the further downward movement ...
AEX is approaching our first resistance at 510 (61.8% fibonacci retracement, 61.8% fibonacci extension, descending channel resistance, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 485 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching ...
HSI is approaching our first resistance at 27358.5 (100%, 61.8% fibonacci extension , 38.2% fibonacci retracement , horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 26079.8 (horizontal pullback support, 50% fibonacci retracement ).
Stochastic (89,5,3) is also approaching resistance and ...
HSI is approaching our first resistance at 27249 (78.6%, 38.2% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 25883 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might ...
XAUUSD might not want to drop that low as our last ideas' three possbilities.
The support line which is also the bottom line of the channel is supporting gold up.
It could has a strong rally up to break the purple resistance top. Then it will test 1360 in the first season of 2019.
Less is more!
We have a signal on WTI early on Asia morning that after a fresh contract.
And this signal has made its TP1 52.5 hit already.
On this chart, WTI had made itself up to the blue resistance, we expected a really good chance that it will correct down first before starting a new swing up break the blue resistance level.
And the channel is used for a potential support ...
Gold continues to retrace lower since highs at $1298 levels. It remains to be seen where, the metal could find support before it could push higher one last time. As discussed yesterday, the corrective structure that began from $1160 levels earlier, could be taking shape of a combination where a double zigzag could be forming as Waves A and C labelled here on ...
Price has broken the triangle and now comes back creating a shorting opportunity.
200 SMA will be the key for this trade. A mid term bearish run may start with a rejection od 200 sma.
50% fibonacci levels coincide with sma, targets are on the chart
We wish you best of luck
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I will open Sell if there will be a fake broke of $53.19 and H1 will close under that level
- Price broke down a key level $53.95
- H4 candle close under it.
If OIl will move down to $50, there could be a great entry with a goal $55 or $ 57.
Crude Oil is trying to form an inverse H&S but the neckline at 54.70 is still holding up.
The area between 54.70 and 50.76 has been a range market previously (green box) and the price seem to be struggling now too.
However, as long as the price keeps making higher lows, the bullish sentiment still holds up. Only a break below 50.76 would change the outlook.