Bad, bad, bad...The monthly chart doesn't look good at all for apple. There are a lot of bearish signals coming from the RSI(56), ROC(56), and might be confirmed by the price action soon. A close under 600, or a drop under the trendline might trigger a down move.
EURNZD came to a very good support zone. 1.57 is a local support that did it's job very good. If the Monday session will bring prices under the support area, we could see the first target hit at 1.5583, the next one would be at 1.5455. On the other hand a bounce from here might trigger an upward move back to 1.5900/15
Apple was rejected from 591$ (61.8 retrace) quite brutal. Looking at the close of the day and the volume, we could expect an upward move and a retest on the 620 - 625
If this one hour candle will close like this, could be a good signal for a short downrun.
After a nice consolidation, the German Index seems ready to break under the support line of the range. This might trigger a fall in prices to the next key support at 6884.6.
If we will go again with Mr. Elliott, would mean that a bullish signal might trigger the beginning oh the 5th wave. we can have 2 targets, 1.3030 is a good supply( :D) zone, and the second near 1.31.
I would say that EURUSD looks nice for another several pips up, before the Non Farm. What do you think?
A break through the local support from 0.8020 could trigger a retest on 0.8. We have a very nice rising wedge and overbought on the 28 RSI.
After a beautiful fall, announced on Tradingview ( - by timwest) looks very good now for a possible correction.
Brent Oil retested the resistance zone, where i believe it has found very good supply. From here, we can see a drop back to 106/7 dollars per gallon.
The AUDCAD had a very nice evolution. We can see a consolidation between 1.02710 and 1.0148, but also a trend line of this upside movement. A break through the resistance can activate more gains for the Australian dollar, with a target at 61.8 retrace (1.0376). Otherwise a break under the trend line might trigger new shorts and send the price under the support...
A symmetrical triangle is formed in the 4th wave. A breakout through the upper line would confirm the up trend, with the target at 1.618(7539.1)
After a retest on the resistance zone, we can see an Head and Shoulders pattern, being formed here. a break through the neckline would confirm it.
These three that are in a good correlation, even more now after the QE3 announcement, are showing negative signals on the daily charts - overbought on the 28 RSI. Going long might necessitate tight stops, while for the shorts should be waiting for a confirmation in the price action.
The news coming from wheat producers are not that good. Australia and Argentine lowered their expectations.
Rio Tinto is one of the biggest extracting companies, of aluminium, so it has a direct correlation with its price. We can observe higher highs and lows. (On the aluminium price a double bottom formation is almost finalized, a break might bring further appreciation) Alcoa and Aluminum Corporation of China Limited, have also a direct correlation with the aluminium...