Chart of the Day

DAX downside swing support test   DAX has tested 12900 downside swing support and is being rejected. In extension, we are looking, for an 11000 target on the downside in this cycle. A long-term uptrend line has been broken and acceleration lower would come upon another break below 12600. Note: […]

EURUSD is extending the downside swing   EURUSD is riding in a well-defined medium-term downtrend channel to parity. The ultimate final target when it hits the psychological 1 level could extend to 0.8800. Only a break above 1.05500 could invalidate the downside continuation, which is at this stage highly unlikely.

SPX is reaching the critical downside support    SPX is reaching the most significant downside support for a continuation lower to 3400 to finish the third wave. It is pressed by the downtrend line and the horizontal downside support. A break below 3750 would lead to an acceleration of the

NZDJPY rejected from 86 again   NZDJPY has been rejected from the 86 level again. It is reversing lower for a test of the uptrend long-term rising wedge line 79.60. Look at this as a correction of an uptrend and not a reversal as it is not that. The current

Oil is testing 97   Oil pulled back from 120 and is reaching the confluence of the support at 97. A bounce from here will set a stage for the upside swing and a test of 130 where the fifth wave of the impulsive five waves higher will finish or