DOW JONES DOW is still in the range of 29145 - 29633. The MA Pattern is still showing a strong downtrend so that the possibility for this index to go down through 29145 support is still very possible. Breakout is likely to occur in the next 2 days considering that support 29145 is starting to be suppressed by the MA8. SELL LIMIT 29585 SL 29800 TP 28972 R3...
XAUUSD XAUUSD finally broke out and fell into the range 1629 - 1646. An attempt to make a correction occurred and was immediately rejected, so the possibility of Loco landing at support 1628 is very possible. Be careful because the price may correct the resistance as well as the MA8 at 1658 before continuing to land at support 1629. Possible to take SELL...
GBPUSD GBPUSD fell more than 5% last week with the downtrend getting stronger. At the beginning of this week, Cable probably will make price correction which has not been done yet after breaking 4 supports at the end of last week, before continuing its downtrend and landing at support 1.07258. Possible to take SELL LIMIT 1.11884 SL 1.13880 TP 1.07363 R3...
EURUSD EURUSD continued to fall and reached support 0.96858 and entered the range 0.96858 - 0.97564. Price correction will be carried out first at the beginning of this week to a minimum to the MA8 which is at resistance 0.97871 before trying to land and break support 0.96858 again and land to 0.96387. SELL LIMIT 0.97751 SL 0.98622 TP 0.96400 R3 0.98930 R2...
AUDUSD AUDUSD still fell 2 more ranges to close last week. AUDUSD enters the range 0.64428 - 0.65490 and most likely at the beginning of this week AUDUSD will correct the price to resistance 0.65706 before continuing its journey towards support 0.64428. SELL LIMIT 0.65919 SL 0.66770 TP 0.64488 R3 0.66890 R2 0.66535 R1 0.65720 PV 0.65490 S1 0.64428 S2...
DOW JONES DOW closed last week in the range 29145 - 29633, down about 4% in 1 week. The price most likely will price correction at the beginning of this week before continuing its downtrend and landing at support 29145. The MA Pattern is still showing a strong downtrend with the reversal point at resistance 31317. SELL LIMIT 29925 SL 30493 TP 29191 R3...
NASDAQ The NASDAQ drop had entered the range 11091 - 11301 and returned to the resistance area 11301 - 11368. At the beginning of this week it is possible that the NASDAQ will make a correction first at least to resistance 11368 before continuing its downtrend to support 11091. SELL LIMIT 11446 SL 11749 TP 11100 R3 11578 R2 11470 R1 11368 PV 11300 S1...
GBPUSD GBPUSD again tried to penetrate the support area 1.13502 - 1.13695 for the third time this week and re-ejected. The downtrend is still quite visible in this pair with a reversal point at resistance 1.16714. Tonight's FOMC will determine whether the Cable will continue to fall deeper through this support or start a reversal and end the downtrend. We test...
XAUUSD Like our analysis yesterday, GOLD is trying to break through support 1660 again after being unable to get out of the sideway range 1660 - 1678. The downtrend still looks quite strong at Loco so support 1660 becomes the support to determine whether GOLD can continue to fall or will be stuck in this sideway range until it breaks out occur. We are waiting...
EURUSD The MA Pattern in this pair is again scrambled and unclear after yesterday's false break at resistance 1.00232. The price fell again trying to break support 0.99650 and landed at the support at 0.99228 again. The current price can still be said to be in the sideway zone 0.99650 - 1.00232 which since last week, MA8 has not been able to penetrate its MA100...
AUDUSD AUDUSD tried to break support 0.66890 to land at support 0.66535. the price is still in the range of 0.66890 - 0.67647 at the moment where this range seems to be the determining range for AUDUSD whether the downtrend will end soon or continue with a break of support 0.66535. Doing a SELL does not get a good RR. R3 0.68043 R2 0.67903 R1 0.67647 PV...
NASDAQ NASDAQ is still in its big range at 11675 - 12211. MA Pattern is dipping again, trying to confirm the index's downtrend again. The price most likely will touch support 11675 as long as the MA20 is no longer broken. Doing a SELL does not get a good RR. R3 12647 R2 12441 R1 12211 PV 11675 S1 11578 S2 11470 S3 11368
DOW JONES DOWJONES again tried to break the support at 30535 but failed again. The price is back in the range of 30535 - 30937 with the downtrend pattern that looks strong again. Support 30535 will be the support to determine whether the downtrend continues or not in this index. CUT HALF 30757 and SL PLUS at 30887 R3 31756 R2 31317 R1 31093 PV 30937 S1...