NZDUSD downside is accelerating NZDUSD is extending lower below 0.6200. A break below 0.6200 again has opened the extreme downside continuation into 0.5800. We have seen a strong reversal lower recently from 0.6450 and we are still in the third wave lower which downside continuation should be intensified upon […]
NZDUSD downside is wide open Read More »
Gold is extended below 1740 Gold is rejected from 1810 and is extended lower. A break below 1720 would accelerate the extension lower in the fifth wave to target 1500 in the case of a confirmed break below 1680. We have seen a strong reversal lower recently from 1820
Gold downside continuation Read More »
SPX is rejected from the strong upside resistance SPX is rejected from 4350. It has formed a hanging man formation on the three days chart and is looking for a reversal lower to continue the downtrend and retest the important 3800 level. This is the level of the intersection
Copper is testing 3.700 Copper is testing the strong upside resistance of 3.7200. A rejection here will lead to a downside extension and a downtrend continuation. A break above this resistance level is required for a complete upside reversal. Copper has formed a rising wedge which is in the
Copper upside correction is reaching the end Read More »
XAGUSD is testing 19 XAGUSD is testing 19 for a complete downside reversal break. The 18.50-19 is the key zone to watch for a complete downside reversal and a swing lower to 14 after the long-term rectangle consolidation break below 21. On the RSI there are signs of a
XAGUSD critical resistance test Read More »
