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Reversalpoint

SPX Ready For A RallyThe SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The signs are there already. Just make sure you know the difference between good reversal signals and bad reversal signals.
TVC:SPXLong
by Rightsidetrading
USDCAD - Opportunity to reverse lossesSince May 5th, on USD/CAD 0.17% has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend . From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at least for a short-term recovery. On H4 graph, breaking correction line and the last high can be a signal for bulls what in practice is crossing level 1.35. Bullish movement would then reach quite a considerable range compared with last declines and this could overtake advantage of demand side.
Long
by Comparic
USDCAD - Opportunity to reverse lossesSince May 5th, on USD/CAD has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend. From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at least for a short-term recovery. On H4 graph, breaking correction line and the last high can be a signal for bulls what in practice is crossing level 1.35. Bullish movement would then reach quite a considerable range compared with last declines and this could overtake advantage of demand side.
Long
by Comparic
Elliott Wave Analysis: Will German DAX Top Or Continue Strong ? German DAX is at a new high after very aggressive buying pressure since market open. However, market is currently seen in fifth wave trading at some Fibonacci resistance area that can cause a temporary top, or even turn lower into a new correction. Disclosure: We do not own any assets or share of the instrument mentioned in our outlook Please be informed that information we provide ARE NOT trading recommendation or investment advice. All of our work is for educational purposes only.
OANDA:DE30EUR
by ew-forecast
AUD/JPY, DAY CHART, SHORT (8-JAN-2017)Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the previous peak at 86.9x level before heading down. Need to watch this level. 3. If the price break both resistance level strongly, we will support bullish view on this pair
Short
by YongLiang
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