GBPUSD is testing resistance See two potential scenarios in the chart
XAUUSD is testing 1300$ again as resistance. If the Dollar will bounce from its current support zone (93.5$ in DXY) than perhaps 1300$ will be the top of Gold's latest rally. In such case, the yellow pattern (Bat) can be an interesting pattern to watch in the coming days/weeks - completion near 1305$ If XAUUSD will break and close above 1300$, the next bearish...
EBAY is testing support as we approach Black Friday and Cyber Monday. The shopping spree expected can boost EBAY following its recent decline and send it back towards the bottom of the rising triangle, to test it as resistance. Read more about EBAY, SPY, DAX, FTSE, DXY Gold and more in this week's newsletter #WeeklyMarketsAnalysis in Twitter
Support is getting closer for AUDUSD. AUDUSD suffered extreme losses this year but support is nearby. Potential Buy Zone for those who are looking for bullish opportunities (short term) on AUDUSD
AUDCHF testing critical level Daily Head and Shoulders in focus
Breaking and closing below the 200 MA line has been lethal to GE Now this stock is approaching an interesting support zone near 15-16$ Testing of broken trend line, structure and the 61.8 Fib
Despite the recent rally in tech, this Bat hasn't been violated yet.
Weekly Resistance Ahead... OPEC meeting in focus
In my last analysis I explained why I think Bitcoin is heading to 6000$ The pattern that I was expecting to be completed is now complete. 6000-6300$ is the PRZ
AUDCAD is testing the bottom of a weekly channel and a monthly uptrend line. The bears are putting on a pressure. Who will win? Pay close attention to the support zone
10,000 is a support zone: - Broken trend line (resistance should turn to support) - 50 MA line - Psychological level 10,500 is resistance Bullish scenario - IBEX will climb to 11,000 if it will hold above 10,000 and break above 10,500 Bearish - In case that 10,000 will break, IBEX will slide back into its downtrend zone and continue towards 9000 Read more about...
TEVA broke another monthly support zone during October. Next monthly support zone is near 13$ Where will TEVA's slide end?
TWTR rallied from a daily support zone (MA lines and structure) TWTR broke above a weekly structure zone TWTR is facing a daily resistance zone Near 23$ TWTR will complete a bearish Gartley.
My previous analysis showed a weekly support zone support zone near 15$ The weekly support zone included two harmonic patterns - Gartley and an AB=CD pattern Since then, XAGUSD rallied almost 20% and was stopped only at 18$ Now we are in the middle of what can be considered as a bearish correction wave. If XAGUSD will close back up above 17.5$, my projection...
Bullish Scenario - Aggressive C EURUSD holds above support: 1) The Fast MA line 2) 1.17-1.175 structure As long as these support zones holds - Bullish scenario: EURUSD will rally to 1.2 to complete a bearish harmonic pattern Bearish scenario (AB=CD pattern) As long as the 50 MA line holds as resistance.... potential downside that will lead EURUSD towards...
Monitor the trading channels: Short the top of the channel Or... wait for the breakdown of the small green channel. Tight stop loss only - Don't risk too much trying to fight the bullish sentiment Short term bearish pullback can lead SPX 0.5-1% lower to test daily support Read more about SPX, DXY, EURUSD in this week's newsletter (#weeklymarketsanalysis on Twitter)
The strong rally from the Fast MA line and the close above 1300$ confirm that the current uptrend is still alive and kicking. As long as XAUUSD holds above 1300$, harmonic analysis suggests it will rally to complete two AB=CD patterns near 1400$ Do you agree?
If Bitcoin's bullish momentum will continue we could see the digital currency reaching 6000$ to complete a bearish AB=CD pattern. The PRZ, based on the pattern completion and Fibs confluence is between 6000$ and 6300$