AUS 200 vs. Major Indices Worldwide
Long term trend: Up Medium term trend: Up Significant levels: 5670 (Horizontal Support), 5930 (Horizontal Resistance), Uptrend line The market broke two significant levels, namely the 5490 and 5670 price levels. The slope of the trend line is so steep, which indicates that bulls were in control. Probably the price will reach the resistance area before making a...
Long term trend: Down Medium term trend: Down Significant levels: 1.1350 (Horizontal Support), 1.1650 (Horizontal Resistance), 1.1000 (Significant Round Number), Downtrends, Fibonacci Retracement As of writing, the price is just above the support line. The market rejected the 1.1150 price level and has been moving up since then. Definitely, we are still bearish...
Long term trend: Up Medium term trend: Down Significant Levels: 1250 (Horizontal Support), 1310 (Horizontal Support), Downtrend Line, Fibonacci Retracement Recently, the price has gone up. We can see in the chart that the market respected the downtrend line. The price rejected it and moved down. Currently, the price is near the support area. Although the price...
Long term trend: Down Medium term trend: Down Significant Levels: 0.8000 (Significant Round Number & Horizontal Resistance), 0.7780 (Horizontal Support), Downtrend, Fibonacci Retracement The price reached our new support line. This support line is a pretty solid one. The monthly chart also recognized this support area. Even though that is the case, we are still...
Long term trend: Up Medium term trend: Down Significant Levels: 0.7070 (Horizontal Support), 0.7370 - 0.7460 (Horizontal Resistance), 0.7000 (Significant Round Number) The price moved away from the Rectangle pattern that we recognized before. It went in the direction of our preferred breakout which is down. Those traders who traded the breakout is now having some...
Long term trend: Up Medium term trend: Down Significant Levels: 1.5100 (Horizontal Support), 1.5590 (Horizontal Resistance), 1.5000 (Significant Round Number) Downtrend Line, Fibonacci Retracement There is no obvious price action that was made in the past few days. The price rejected the trend line, though it didn't literally touched the line. We are still...
Long term trend: Down Medium term trend: Unknown Significant Levels: 0.9160 (Horizontal Resistance), 0.9000 (Horizontal Support & Significant Round Number) After the very big move happened, this currency pair has gone up and is still going up. As previously mentioned, there's no way we can trade this market right now along with other CHF currency pairs. We need...
Long term trend: Up Medium term trend: Up Significant Levels: 11690 (Horizontal Support), Uptrend, Channel There is no doubt that the US Dollar is so strong right now, as also mentioned in the previous analyses. The price is making new highs and as can be seen in our chart, we cannot find a resistance right now as the price continues to go up. There's plenty of...
Long term trend: Up Medium term trend: Up Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support) As of writing, the price is just above the support area. We are very bullish on this currency pair right now. Every dip is an opportunity for us to go Long. If you are aggressive enough to go Long right now, you can place a Buy Limit...
Long term trend: Up Medium term trend: Sideways Significant levels: 5490 (Horizontal Resistance), 5370 (Horizontal Support) We can see in the chart that the price has been moving sideways. There is no clear direction where the market wants to go. As of writing, the price is rejecting the resistance area, which also indicates that the "sideways" trend is still...
Long term trend: Down Medium term trend: Down Significant levels: 1.2000 (Significant Round Number), 1.1650 (Horizontal Resistance), 1.1350 (Horizontal Support), Downtrend After ECB's announcement yesterday, the price went down, as expected. The market found a new support way down to 1.1350. This support is a solid one. We can expect the price to consolidate for...
Long term trend: Down Medium term trend: Down Significant Levels: 0.8000 (Significant Round Number), 0.8090 (Horizontal Support), 0.8310 (Horizontal Resistance), Downtrend As can be seen in the chart, the downtrend line was respected by the market. Currently, the price is near the support area. We are looking for the price to go down further as we are still...
Long term trend: Up Medium term trend: Down Significant Levels: 0.7620 (Horizontal Support), 0.7840 (Horizontal Resistance), 0.8000 (Significant Round Number), Rectangle Currently, the price of this currency pair is below the rectangle. It might indicate that the bears are ready to take over and push the price further down, but we cannot confirm it yet. We found...
Long term trend: Up Medium term trend: Down Significant Levels: 1.5100 (Horizontal Support), 1.5590 (Horizontal Resistance), 1.5000 (Significant Round Number) Downtrend Line The downtrend is still intact. Currently, the price is near the support area and the significant round number is just below it. If the price broke both those levels, we could see a big move...
Long term trend: Down Medium term trend: Unknown Significant Levels: 0.8560 (Horizontal Support), 0.8700 (Horizontal Resistance), 0.9000 (Significant Round Number), There was an unexpected event that happened to CHF. The big move, which is more or less 2000 pips, happened last Thursday after the Swiss Nationa Bank's announcement. I will not go into details of...
Long term trend: Up Medium term trend: Up Significant Levels: 11370 (Horizontal Support), 11690 (Horizontal Resistance), Uptrend We can see in the price chart that the USD has been in a smooth way yup. The trend is normal. It is not steep. The price continues to make new highs which makes the new resistance area just a temporary one. There is really not much to...
Long term trend: Up Medium term trend: Up Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support) It would be great to place a Long order right now as the price is still near the support area. Yesterday's bar was a bullish pin bar which is a signal that the market does not want to go down further. Place the stop loss below the pin...