Forex, Indices, Commodities inter-market weekly

Indices, Commodities, and Forex weekly 3/12/2017

This is a free Inter-market weekly report of price action analysis in three majors asset classes Forex, Commodities, Indices. It is prepared to help you recognize certain market correlations between this asset classes so you can position your trades better.

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S&P 500 USA Stock market Index

Invalidation of the recent medium-term uptrend only in the case of the daily break below 2270 level. Extended 100% target is 2430. There is not any bearish reversal warning left after RSI breached above the 70 level. Support zone is 2300-2350.


S&P500 trend following strategy

DAX German Stock market Index

The instrument is testing 12075 for the extension into 12385 and beyond. Strong upside support zone is 11600-11800 and as long this support hold look for an ultimate target of 13000. Although we do have a rising wedge there is little probability that it will be bearish, but don’t exclude possibility in your trading.


DAX trend following strategy


Gold has broken below the wedge and the 100 SMA 1210 level. The instrument is testing the median line of a Pitchfork downtrend channel 1200 level. The downside support is a 1210-1220 zone for a bearish continuation entries.


XAUUSD trend following strategy


The pair has broken below the ascending wedge and it seems as it is in an ABC correction. Targets on the downside now are 1.0466 and a retest of this year low 1.0350 level. We need to see a clear break below 1.05000 level for the downside extension targets. Despite the bullish weekly candle from a strong support zone we expect weakness ahead and increased selling from the 1.0720-1.0800 zone again.


EUR/USD trend following strategy


The pair has cleared the 114.400 level for a clear upside continuation into the 117.570 level. The upside support zone ahead of FED interest rate decision this week is 113.800-114.150.

USD/JPY trend following strategy



GBPUSD is in a long term downtrend Pitchfork channel. Only a daily close above 1.2620 level would call for an upside turn and a test of 1.3000. Look only for opportunities to short as long as the pair is below 1.2580. The weekly close below 1.2300 level is calling for more downside in the pair targeting first lower wedge line 1.2000 level.


GBP/USD trend following strategy


The instrument is below the important 0.7650 on the weekly chart and has made the first weekly close after 10 weeks calling for the reversal lower. Looking for a retest of an important 0.7450-0.7500 zone for the downside extension. The pair needs a close below 0.7400 level for the sideways range continuation to its lower end.


AUD/USD trend following strategy


As long as this support zone holds extension into 1268 is likely to happen. The instrument has reached 1268 level also 1.414 Fibo extensions and looking now for the 1384 ultimate target if we get a clear daily close above 1268 level. We didn’t get the clear close above 1268 level and we expect Bitcoin pullback in the following days and weeks.

BTCUSD technical analysis


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This inter-market analysis report for commodities, indices, and forex is designed to reveal the position of all asset classes on the market and to help you found out where the next trend direction in particular instrument you are trading will be.

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