16$ Is critical support. A close above 18-19$ could mean a buy signal. Volume still shows sellers pressure
Back then, in the days prior the current currencies war, $AUDUSD was highly correlated to the stock markets and the $SPY in particularity. Now that $AUDUSD has touched new low and $SPY touched new record high, could it be that we are going to see that inverse correlation working against the stock markets?
$IBM closed above its 50 SMA overcoming the 160$ and 165$ resistance zones. Towards earnings, these zones are support zones for possible bullish entries in an Aggressive C entry of a bearish Gartley. 3 potential target zones: 180$ - Resistance Zone and downtrend line 185$ - Completion of bearish Gartley and the weekly 200 SMA line (resistance) 188$-190$ -...
Will the 61.8 Fib line be enough to stop the $NZDUSD nose dive? $NZDUSD which started its major decline following the breakdown of a monthly rising Wedge closed last week below the 0.66-0.67 support zone. Near 61.8 Fib there's now clear structure but it can cause a small bounce.. at least to re-test 0.66-0.67. NZD rate coming this week this week. 0.64 is the...
If it will, it will probably continue towards 1.34 and the 61.8 Fib level. 1.24 is the nearest weekly support and the potential target zone for a swing/position bearish trade
1.07 could be the next support zone the $EURUSD is about to reach if it'll break below 1.085 Near 1.07 it'll meet the PRZ of a daily bullish pattern. $EURUSD can drop all the way down to 1.05 to re-test the X point without violating the pattern.
$EURUSD continues to fall but the $DAX is climbing towards the 61.8 Fib Which one of these underlines is hinting about the future direction of the Euro Zone markets? Is it the Euro that despite the Greek deal and the successful vote on Greek parliament still isn't satisfied? Or is it that $DAX that is rallying towards the ECB press conference and towards the...
A close below 2100 could mean False Break to this critical zone
Potential pullback to 2080$ If this breakdown signifies some weakness
Last week I've trader $EURCAD in what ended to be a 250 pips rally. The 1.4 breakout played out nicely but towards the end of the week $EURCAD erased some of its gains and closed just above 1.41 (previously support and resistance structure zone) 1.41 and 1.4 are the nearest support zones and we have the uptrend line to support the possible bullish scenario here....
The Kiss Of Life setup (KOL) shown near 1.1 triggered small rally that pushed $EURUSD to 1.12, which was my bullish target level and the meeting zone with the 4H downtrend line. Now the focus is on this trend line. A close above it could lead $EURUSD to 1.14 and potentially towards 1.18 and a bearish AB=CD completion. If the $EURUSD will remain below this trend...
$AAPL declined last week below the 124$ support zone and closed below it. As we approach earnings, this could be a major bearish signal, possibly hinting about a shift in trend. 130$-133$ is now set as the top for $AAPL and it is a potential sell zone should the price try to test it again. Before that, $AAPL will have resistance near 128$ and of course near 125$...
$SPY completed a bullish Gartley last week that already reached 1st target level. Next level is near 210$ which is the major resistance zone I'll focus on this week. Everything depends on the open and how the markets will react to the lack of decision from Euro Zone leaders. A close above 208$ could lead $SPY to test the 210$ resistance zone A close below 206$...
Only a close below 2068$ can be considered possible confirmation sign.. Monitor trading channel and 200 SMA line
$DAX is rallying back into previous support zone (11,000) that will be the first real test for the bears that will have to prove their strength. 11,100 could be a level to place a stop loss above as it presents the daily downtrend that pushed $DAX to make lower low.
2070$ the top of my 2060-2070$ zone (right now resistance. The 2 SMA line act as resistance that may prevent $SPX from completing another recover from below the 2060$ level.