$DXY is testing the key long-term uptrend support as the $EURUSD is testing the long-term falling trendline. Will we see a breakout?
$AMZN rejection of the broadening wedge top round number 3000 is giving a perfect short trade opportunity. Targeting 2000 on a strong rejection and top confirmation.
$MSFT reached the high and a top of the steep resistance line 218 then fiercely broke the rising trendline and triangle consolidation making a strong case for the downside reversal sand a test of 190 for a complete breakout. Remember losing strength here is not a good sign for bulls as well as this selling pressure and rejection.
$DXY is testing the long-term support 95 as it did in past and has a perfect long-term uptrend channel.
This video overview is revealing the weekly bearish candles retest at the beginning of the week. $AAPL $AMAZN $TSLA $MSFT they are all covering almost 80% of the previous week bearish candles so be careful with going long unless we see a clear breakouts above the reecent high.
$EURUSD is breaking above the long-term falling channel 1.14500 level which has to be confirmed and is about to challenge the more important confluence of resistance, horizontal resistance and previous year high 1.15200 level. Failure here could drive the pair lower and a break above will mean the complete upside reversal, daily close confirmation is needed.
Overview of the stock market Indices key levels that are being pressured. Risk on or risk off we will soon see a decision by the price action.
$DJIA is testing the falling trendline 27000 level and is failing again. The next week will give us an answer about the potential reversal rotation lower. Any clear breakout above 27000 would be quite bullish but the mmentum i telling us that reversal downside would be more possible.
Commodities are hitting the key level for the continuation reversal. Look at this overview for the key price action levels to watch.
$JPM is running inside the bearish flag for some time. Key levels to watch for the breakouts are 104 and 92.
$XAGUSD is reaching the confluence of the short-term and long-term upside resistance 19-19.300 zone. We are seeing a rejection from here for a pullback to an 18.500 support
It is not popular nowadays to be short the stock market or to indicate there are any signs stocks will be retreating, but we have a technically appealing situation in AAPL. It is reaching the 400 round number and the top of the broadening wedge. We are about to experience a possible violent retreat here. The first target could be narrow channel bottom 350.
$DAX has set a stage for an explosive move as it is ranging between 11600 and 12800 for couple of weeks. We could see a break this week. Although seems supported it is losing its momentum
$Oil could give you a good impact on risk-off trading potential as it is breaking the consolidation triangle and will be testing the key downside 38 level soon
$Ethereum is so squeezed and is testing the make or break confluence of the long-term falling trendline and horizontal resistance 240-250 zone. We need to see a clear confirmed price action breakout here or the instrument will reverese lower
A brief commodities moment overview as OIL, XAGUSD, XAUUSD, COPPER ALL are reaching the key upside resistance levels. Price action today and the following days will be the key for the breakouts pullbacks.
$TSLA has gone parabolic recently, and more parabolic after Musk indicated that price shares are too high. Technically it is reaching in extension 1.40% Fibbo from 185 swing high and Pitchfork channel upside resistance hitting 1420 and pulling below 1400. Time for a pullback don't ya think?
This is a brief analysis of the key levels for $EURGBP $EURJPY $EURUSD $EURCHF. EUR looks heavy supported across the market but we need to wait for more price action today around the key levels