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VIX S&P 500 Fibonacci Speed Resistance Fan.VIX S&P 500.Fibonacci Speed Resistance Fan.
"Any tool to apply the Fibonacci sequence helps us find sections "roads" where the asset will move."
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AUDUSD Trading Forecast for June 15, 2016As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330.
We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
USDJPY Technical Analysis for April 18, 2016Previously, we anticipated this pair to be bearish, and it did up to 107 area.
As shown below, price may rise for correction, filling the gap.
Target high is around 109 level before it finishes its downward move towards 106 level.
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SPX500 mid to longterm SHORT bearish Cypher, longterm resistanceSPX500 mid to longterm SHORT bearish Cypher, longterm resistance
In my scenario the SP500 and markets im general might shoot their last fireworks to
have a final champagne party on Mario Draghi and the ECB 0% interest rate medication.
However the longterm resistance line from May 2015 high is coming southwards, looking to meet
our curve around 2080 levels with RSI and stochastics in the daily chart hinting at a possible deeper decline,
with 1st support being seen in the red uptrendline from march 2009 lows and the 0.23 fib support at around 1785.
Please see this information as a theoretic example and not a trade idea.
Make your own analysis and plan your trade thoroughly and well-slept.
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August 2015 lows as resistance to USOIL at 39US$ +divergenceAugust 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support + round number) in the coming week.
Thanks for your attention.
Always make sure you only use this as an inspiration to make your own analysis and plan your own trade carefully.
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