DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, BANK OF AMERICA CORP, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND, WEATHERFORD INTERNATIONAL PLC (IRELAND)
S&P 500, Nasdaq 100, Dow 30, Nikkei 225, DAX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Coffee, Cotton
Bitcoin / Dollar, Ethereum / Dollar, BCH / Dollar, Ripple / Dollar, Litecoin / Dollar, Ethereum Classic / Dollar
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
GOLD (US$/OZ), Brent Oil, Crude Oil, Natural Gas, PALLADIUM (US$/OZ), SILVER (US$/OZ)
This heavy breakout shall not end immediately. At least there is somme more room to the upside.
Though we just have filled the 38 % Fibonacci Retracement I can imagine a further rise due to the situation of the indicators.
This is what we are just doing. Whether it will become more - let's see.
In a wide sideward range we are seeing a test of the upside now.
Uptrend, new high, test down (Fibo 38,2 %) completed. The trend may continue.
The monthly triangle could not be surpassed so that another test of the downside is lokely.
At least on the short run there is a chance for a retest of the upside.
This shall provide a support. The trend shall continue to rise or at least the market shall take a pause and look whether the upward trend is still valid.
Who wants may play a long position now for a correction of the fast drop. The trend is down however.
The rate failed to exceed the recent highs which may indicate a coming test to the downside and perhaps more.
We've passed the rising resistance and continue an upward correction. As the 38 % correction had been reached already we are facing the 50 % now.
The drop sinve October 4th has been retraced now so that the fall may continue now.
We are still below the cloud and very close to it. Thus I am expecting now another correcting attempt down.
Anyhow there seems to be some more room to the downside at least. Let's look whether it manages to fall below the declining former resistance line.
It took over 3 months to build a new high. Now we got it and may face more new highs.
Weare facing a resistance now after this sharp drop and I expect a profit taking, i.e. a retracement.
The bottom is holding and the rate is above a rising support. The previous risung support that had been broken may serve as a limitation of the speed of the rise however.
The rising support may let the Kiwi rise further in the existing uptrend.