A 2nd consecutive week to break 5880 resistance. Bears may be getting ready~
There's a fair bit of exhaustion near the 21K mark for the past 4 weeks. DOW may decline further with last week's fall back into the channel, potentially falling to the 20K mark.
EURUSD is near 1.05 key support. Look out for the bulls to potentially creep in.
NZDUSD heads near a key support zone of 0.685. Bulls may come in around 0.685 to 0.690.
AUDNZD continues to look bearish, after failing to break 1.088 resistance. The bears look to come in steadily and should fall to 1.068 easily.
USDJPY failed to break below 110.5 for a 2nd week and may look to return to its bullish ways. As long as the support continues to hold, USDJPY may see a bull run to 115.
Gold failed to break 1260 for a 2nd consecutive week and looks to fall. A H&S is still in play, at the same time. Looking for an entry around 1240 - 1245 area.
USDJPY is held well near 110.5 and may test 109.8 (50% fibo) before surging higher. Look for bull signs near both levels.
1.088 level proves to be a strong holding level. However, it looks like the pair may be holding the bulls to push past the resistance. Look for the pair to fall near 1.07 level.
The resistance turned support of 0.755 has been holding well so far. As long as the level continues to hold, the pair looks to surge higher.
0.705 resistance has not been broken after a second re-test. It should easily fall to 0.69 support where it has been held 3 times. It depends on which breaks first...
The pair has been in range since Oct 16 and both sides have been holding well. Look for 1.263 to hold; however, if broken, will signal for charging bulls.
1260 level is holding well after a 3rd weekly test. As long as that level holds, it should easily fall to 1200
The 1.60 level has not been broken, which may signal the start of a bull turn for GA. A double bottom is also forming, so look out for bulls.
WTI is held for over 2 months, similar to the May 2015 period where it was held near 62. Look for short signs as the pair continues to range.
The 3rd consecutive failure to break the 0.9667 resistance suggests that there is more downside than upside, in addition to the H&S pattern. As long as the 0.9667 level continues to hold, bears should be getting stronger.
After weeks of ranging behaviour, the pair looks to test the 88 resistance level again. The pair looks weak on the up side, and as well as the 88 level continues to hold, bears should be coming in.
EUR50 has been unable to break past 3320 for the past six weeks and may look to retrace soon. As long as the resistance continues to hold, bears may start to take over.