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Silver has been traded in triangle consolidation since the beginning of 2011. After reaching historical high at $48 it sharply fell to $25.60 at year (2011) end. Since Oct 2011 silver has entered parallel channel determined by Nov 2011, March 2012 peaks and Dec 2011 bottom. Now the precious metal is trading slightly above the support line of the mentioned channel....

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SLW just closed above two year support trend line determined by Dec 2011, Oct 2011 and Jan 2011 lows. Usually share price closing around this trend line has been followed by rally. Moreover in the case of Dec and June lows divergence (between the price trend and the Moving Average Convergence Divergence - MACD indicator) suggested the upcoming reversal. Another...

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The target set more than two months ago has been reached. As seen on the chart NASDAQ100 has recently entered a correction. Exploring back previous two years of performance some repeating patterns has been spotted. The technological index enters bullish phase which starts at the year end. The cycle continues roughly until the spring followed by summer period with...

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AAPL correction is a relief considering sky rocketed levels few weeks ago. On weekly chart the support is the area between 450-450$. It is formed by cross of tree technical indicators – 50 day moving average, parallel channel support line and 61.8% Fibo retracement. Mentioned support is the extremely bearish scenario for AAPL shares.

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Divergence has been spotted on the S&P500 chart. It is sign for trend reversal, which means that the correction might be at the end. Breakthrough under the resistance line, however, is possible if markets remain pressured by fundamental instability.

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Since the end of January EURUSD has been trading in triangle consolidation. That figure usually is trend confirmation, which means that next target could be 1.3550. However, if key support line at 1.30 is broken, than 1.2620 would be reachable. The last is less likely but still important for consideration.

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On the chart light red shaded areas show the time period of each bear move for Qualcomm shares from the beginning of the year to the year bottom. As you can see for all years first half is in red. If we follow the pattern logic for current 2012 we could expect that next stock direction is south.

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It is clear that relation between the gold and the dollar is reversed. Chart shows that peaks of the precious metal almost 100% of the cases coincide with bottom for the dollar index. Recent trend for both started last September have opposite directions as well. However interesting pattern have recently occurred. The correlation (short term) is not negative...

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It is not coincidence that recently reached peak for Apple have been limited by the long term channel resistance line. This resistance is strong and moderate pullback is likely (part of which we’ve already seen). Despite overall bullishness around AAPL the bearish case should not be ignored as 40+ percent gain year to date is bull concern. In that case $500-550...

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Gold has formed another triangle consolidation. After one unsuccessful bearish attempt under 200 MA a second one has been detected in recent days. Probably it will probe to be fake again if the test of 200 MA is successful and gold closes above $1640.

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The pair has already formed one shoulder and the head. If the trend line is not broken than the second shoulder would be formed, which means that the first support is around the figure neckline – 1.30 and next is down to 1.26.

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Despite strong rally started with 1.26 low EURUSD still continues to move within strong negative trend determined by a parallel channel. 1.3480 has proved to be short term peak since several days of testing that level has failed to overtake it. Moreover the latest divergence between the price and the MACD histogram indicated trend reversal around that level. Last...

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Since the beginning of the year gold has registered 8% gains compared to 20% rise for the silver. The charts compared over two year period show double price appreciation for silver compared to gold. Although the sharp silver’s gain since the beginning of the year it is still trading in downtrend unlike the gold which has broken its resistance.

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After successful brake above the triangle consolidation almost everybody started buying on the evidence of renewed bullish trend. However the party lasted up to yesterday, when the price of $1632 closed below long term trend (200-day moving average). The most bearish case is around $1500 level. However the overall expectations for the gold support long term...

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After successful break above key resistance levels – resistance trend line and 200 day moving average silver now is testing the strength of that breakthrough. The mentioned levels have become key support levels and as appears difficult to overcome. Price drop is less likely. The target for the upside scenario is around $40.

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Ford shares have just formed “Golden Cross” indicating more bullish days to come. Las time the indicator RSI closed next to support line it indicated buying signal. Now we are in a familiar situation, which supports the share price to reach next resistance level above $14 or some 15% upside potential.

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In regard to the price predictability there is interesting cycle in INTC price over last 3 years. During 2010 and 2011 bullish markets Intel has touched its bottom in September both years. The evidence that INTC registers its price peak during the spring is clear – 2010 ceiling has been registered in April, the 2011 one – in May. Cycle length is approximately 240...

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Currently S&P500 index is trading close to important resistance level (the 2011 peak) after unsuccessful brake over that line. Historically markets experience rally (which we have already seen) after “Golden cross” appear on the chart, but it’s been followed by correction. If brake over 2011 peak turns to be unsuccessful than the time for that correction has come....