DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, PROGREEN US, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
running on its own with currency
Another clean downtrend.
Still weak with possibility of breakout failure and buying support below 100 - back to channel highs.
Description on the chart .. one of the cleanest trends in 2016.
Check out daily for more clues.
Price action encouraging for an up move.
Dollar - one of the strongest currency against any pair at the moment (except JPY) .. or shall I say the least weak of all weakening currencies?
As for the price action, there is room up to the previous resistance @ 100
Consolidation continues in crude above 200SMA
However be mindful of descending triangle too (formed in June)
Monitor BOF or BPB setup
Monitor at resistance zone, will it break this time?
5 waves down followed by 1 or A wave ... look for its correction to ride 2 or B up again
Breakout pull back Long - stop recent swing low
Buyers @ 150?
Description on chart. Awaiting retracement of last 4 months of upmove
Wave (3) targets described in chart as per fibonacci ratios of wave (3) internals ..
Look for a healthy rally in wave (4)
Out of consolidation and ready for next move up
ABC on weekly?
If this count plays out then A=C would target previous resistance area @ 1150 which should act as support.
Of course short term oversold conditions can lead to a bounce.
Price structure is clearly week and making new lows.
This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs.
Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone.
For short term ...
Sub waves of wave 5 of wave C .. ending with strong Bullish Engulfing on back of poor results!
Do NOT neglect price action here! Risk:Reward doesn't get better than this, does it? :)