Gold has consolidated under a very good resistance zone. If the price will break 1739, we could see a rally back to 1780. On the other hand, if it will reject from the red, marked, zone, we could see a throwback to 1700.
We have a similar setup on Verizon, like on APPLE, only that here we have the Selling Climax pattern.
The price got close to 500 and has made a key reversal day, almost a selling climax. The volume is just right to sustain a momentary correction that might target the 565 - 580 zone.
Bidu broke the 100 support after a retest on the Diamond Top pattern. Let's see if the full target will be hit.
Until now the downmoves were signaled by shooting stars mostly, on the hey resistance. We can see a falling wedge and a nice range in this period....let's see where the Asian session will take the price. Next support or next resistance?
The price of corn has consolidated itself in a descending triangle. If the price will break under 731.6 then I am expecting it to retest the 700/705 support zone. if it will close over the superior line, then we might see a retest on the last top, 777.
If it will close under the support this week, will be a bad signal coming from the price action. Looking also at other companies like Apple, FB and so on, they are signaling some nasty falls.
We have a signal for a down move on the NZDUSD (the head and shoulders). A close under the neckline and 0.8150 can be the confirmation needed for the short.
USDJPY retested the trend line, preparing for another run, targeting the 81.00 level. A close over 80.44 would give us a better confirmation for the up move.
The price might jump again back to 1.2885/90 for a retest. It is usually stubborn to hit the 50% retracement.
Negative signals coming from the price action. We might see a drop in the price back to 49 bucks/share.
Another shooting star has made a false breakout over 1.3, a fall under 1.2935 could send the price even lower. A target would be the trend line and the support at 1.2801. The risk/reward is not a spectacular one, but the stop could be lowered at the half of the shadow for a better one.
From the 1.2920 local support and trend line, the EURUSD might rebound to retest 1.2953. O close under this zone might trigger other shorts that will push prices even lower to the 1.2880 support
USDJPY seems to retest the 80.00 resistance zone, from here might bounce back to 79.67/70 or even go lower to 79.30
AMD again at the 1.75 support. Will it hit rock bottom? Well a long now could bring some profits with low risk. First target 5$/share and second at 10$/share.
Gold has made a symmetrical triangle, right under the trend line. A break on the upper side might send prices even higher to the next resistance at 1740.00 (we can look for a breakout over the 50 level at the RSI). On the other hand a break under the 1700 support could trigger a sell off, that will drag prices to 1680 and retest the 200 EMA.
EURUSD consolidated itself right under the trend line, on the weekly chart. For the moment there is no clear signal for the next move. Looking at the price action, we should wait for a break over the main trend's trend line, or under the correction's trendline. For faster signals we could look over the RSI or the ROC. The chart might give even more details than...