On the next couple of hours must go down to the upward trend line, before rise.
The price must come down before rise to where is expected
The price reached a major resistance (since 28 Sept. 2015) and shows signs of weakness. Maybe we have a trend change. Pay attention. Price must head first the next support at 1.3250 and after ...will see
The price crossed up the weekly downwards trend line (in light blue) and made its pullback. At the same time touched the daily ascending trend line which serve as support. So, is time to BUY.
Wait the price to retrace to trend line and then BUY
Price is unable to cross the long term resistence at 52,75 (since July 2015). It seams it is heading to the 42,50 support.
Here you can see what will happen in the near future, after FED stay asleep next Wednesday.
The index shows disability to cross the 12200 level. I think next couple of days it will came down to the next support at 12120.
The big fat cats took the FBI-Clinton affair as an excuse to soar the price which confirms the new rising trend. However in the next hours a retracement must happen. So, you can do two things; Trade short and pay attention or...wait till the price reach the trend line and BUY.!! Wish me luck ;-)
Price cross the downwards trend line, and it is expected to retrace a bit before goes up
After crossing the downward trendline the price must retest it before rise again.
Now is the last push to cross 1H trend line
After 3 touches in the resistence at 1,0860 price is finally going up, pushed by low consumer confidence. Well done! who told them to ask the consumer !??....;-)
After crossing the 1H resistence trend line, the price retest that line, and now is going up, hesding the daily downward trend line. After that we will see what it does. Nice point to buy.