NZDJPY preparing for a breakout NZDJPY is rejected from 87. We could witness a massive double top forming and the first step would be a break below the rising wedge trendline 85 level. A break below 85 would open a possible pullback to 82 and even lower. Now only […]
NZDJPY testing the rising wedge Read More »
SPX rejected from the confluence of the downside support SPX is rejected from 4200. This rejection from the confluence of the downside Andrews Pitchfork channel and horizontal resistance previously broken is calling for a downside extension and another test of the key 3800 level. We are seeing this as
SPX rising wedge downside breakout Read More »
IBEX is testing 9000 IBEX has been rejected from 9000. This rejection from the confluence of the long-term falling trend line and wedge upside resistance line will eventually lead to a test of the wedge downside resistance 8500. A break below 8700 and 85000 will call for more downside
IBEX reaching the strong upside resistance Read More »
USDCAD intraday positive RSI divergence and a support test USDCAD is testing 1.2500-1.2550 a batch of support confluence for another swing higher in the range. Previous bounces led to a strong upside reversal of 300-500 pips. A clear confirmed break below 1.2500 is required for the downside extension. Note:
USDCAD is testing the strong support confluence Read More »
Copper rejected off the triangle broken resistance retest Copper is rejected from the 4.500 level. This is the previously broken downside resistance retest. A break below 4.3000 is now required for the downside extension and a test of the key downside resistance of 3.700. Note: look for the short
Copper triangle retest is over? Read More »
