Looking at the NZDUSD its been bullish for a over a year but I think the bulls are loosing power and the bears are starting to take over.
From a MONTHLY perspective...
The most recent candlestick has a SHOOTING STAR characteristic. Price attempted to break the weekly resistance at 0.7450 but failed and price came back down. Price is below the monthly resistance...
The Candle prior to the latest bounced from the siginificant psychological support at 100.000, and the most recent candle appears to be forming a Harami. (see basic candlestick set ups).
Moving down to the oscillating indicators, the Yen seems to have reached a state of overextended strength inidicating a likely time for a reversal, while the Dollar and other...
With the choppyness and slightdowntrend recently INDEX:MIB is going to see a bullish jump basic support and resistence along with the TL being broken shows a reversal (OVERSOLD). Price is well below the 50 and 20 EMA
Gold is looking likely to continue towards the downside:
-Price is currently consolidating at a Key monthly level
-Price is also being rejected from a weekly trendline
-The purple line is a 382 fib re-tracement from the weekly time-frame, comes into congestion about 5-6 times with previous structure so is clearly a well respected level.
RR of 2.3:1
If price closes...
Nice reversal about to happen price is above both 50 and 20 EMA's. Price has been choppy recently with a strong downtrend naturally which will continue and touch the support below the green rectangle at 1.42 level
This is for my traders who use the daily time frame. self explanatory really reversal about to go down. uptrend has broken price is touching 50 ema. now i have previously said silver is in a downtrend LONG TERM. This is correct, but if you want to profit on smaller time frames buying will be the best bet