Bearish cross in monthly chart For bearish trend to continue, price should fail at EMA(21) Look for bearish cross in lower timeframe
XAGUSD weekly chart Silver is in correction, two options here: normal ABC or wedge ABCDE In the first case, the correction is complete In the second case, silver could reach $12/oz, even $10/oz Last week silver failed at trendline, this could lead to a new low. For bullish case, silver needs to trade above $16/oz
XAGUSD monthly chart Silver is in correction wave C. It could reach 12.0 usd/oz (1.618 of wave A). This would complete correction. For bullish development need to overcome the trendline and moving average EMA(21), this is trading above 16.3 usd/oz
USDJPY 1hr chart Bullish moving average cross this last week Look for buy next week on retracement, maximum target is 117 (monthly resistance) Buy at EMA(233) or below
USDJPY monthly chart Bearish Support trendline is 100 Ichimoku cloud support is 90
GBPJPY trading wave D Possible target 167.5 ----> 61.8% of wave C To enter long, look for bullish moving average cross in 1hr chart
GBPJPY daily chart Wave B retraced 50% wave A Wave D could retrace 61.8% wave C So, sell @ 167.5
GBPJPY weekly chart correction wave D could retest the moving average @ 167 -168
Silver XAG/USD made today a bullish cross of EMA The last downtrend for a bearish cross started in 2013, since then no EMA cross ocurred until today Long at market Dynamic support is EMA(233) First target is weekly ema(233) = 19.65
DXY bullish cross still indicates bullish for dollar Buy dollar on weakness
Once EMA have a bearish cross, the best selling opportunities are above EMA(233) Short @166 at trendline
USDCHF Weekly chart shows bullish cross of moving averages support 1 = 0.96 EMA(233) support 2 = 0.92 Channel