USDJPY to run for 140 downside resistance USDJPY has been rejected from 152. This rejection can lead to a strong swing down to 140 which is the crucial downside reversal resistance for a deeper pullback to the 126-131 zone lower. This zone is the long-term support for the upside […]
USDJPY has set the stage for a swing down Read More »
DXY is testing a key downside resistance DXY is testing a key downside resistance of 109.70. This is the broadening wedge downside resistance and a break below would indicate a top in the USD across the market and would lead to a strong downside reversal swing to 102. A
DXY is hanging on a cliff Read More »
XAUUSD is breaking above the 1680 resistance XAUUSD is testing solid near-term resistance 1680. A bounce off 1620 again and a break above 1680 would lead to double-digit gains and a continuation higher to 1800. If we do not get a break above this level we will see a
XAUUSD is ready for a double digit gains Read More »
Oil is breaking above the 91 resistance Oil is breaking above the solid near-term upside resistance 91. This confirms that the consolidation for a swing higher is over and we could see an extension higher to 110. Support for this swing higher is now sitting at the 86-87 zone
Oil is breaking out Read More »
DJIA is going higher for a 33300 DJIA made the most significant upside reversal progress of all the Indices and almost reached the downside channel upper resistance. Near-term support for the continuation higher in this upside swing is 32000 and we are expecting a final test of the 34000-34500
DJIA “pivoted” before the FED Read More »
