NASDAQ successfully dropped last week but now seems to have halted the continuity of the downward move. As long as price is above 20600-20300, the indice may likely establish new highs. Alternatively, failing to go up and moving or stabilising under the mentioned marks, US100 may move down more.
YM may likely break the green trendline with the motive to go towards the top. However, failure to break the trendline to the upwards may mean bearish continuation.
Gold continues to be in a correction phase and looks headed towards the region between 2650-2700 as targets. As long as price stabilises above the 2600, the yellow metal may continue it's upward move. Failing to settle above 2600, may lead to a retest of 2585 leading to a possible bearish continuation.
ETH successfully sold as from the start of the week with an anticipation to buy. However price action continued it's dips, as the bearish momentum was still strong and the previous buying zone was futile. However, after finding stability near 3,150-3,000 which is the half way point of the previous bull run, the crypto may try to find stability around this region,...
NASDAQ is currently in a bull run, but seems to be fading and needing a correction to continue the upward trajectory. The below structures between 21800-21400, will be potential barriers of the bearish move, leading in towards a potential upward movement. Conversely, if price action stabilises below 21400 -21200, the movement will likely continue down.
YM successfully dropped and reached a support structure which may facilitate a bull run towards the established highs and all-time high in the coming few days or weeks. As long as price action is above 43,400 the indice will likely erase the bearish momentum. However, if the indice fails to go up and drops below the mentioned mark, Dow Jones will continue it's...
USDZAR managed to create bullish after finding momentum on a significant support. Currently the bullish move looks to be fading, as price action failed to cement this momentum above 18.220. As the pair develops, the below support barriers will be essential aims were the pair may fall towards and kickstart the upside move. Conversely, if price action fails to fall...
CadYen may rebound towards the top, if price action manages to find support on 107,175 -107,000 barrier which is a crucial resistance turning into support. If the price pushes off and finds stability above this mark, nearby resistance barriers will be areas of interest in which the pair will target.
ETH successfully managed to show bullish pressure, but this momentum seems to have faded upon reaching 4100 - 4085. As long as price action is below these figures, the crypto will likely head down to nearby support of 3650 - 3500 barriers, to kick start the bullish momentum again. However, stability under 3650 or 3500 may lean towards a bearish bias.
Ethereum began last week with an upward move that turned into a bearish correction from Friday till today. The bearish correction looks likely to be fading, as the crypto will likely resume it's upward trajectory into this week because of possibly breaking the price to the upside.
The crypto managed to pull back upwards to reach 103,000 but has failed to pass through this zone for a bullish continuation. As long as the price is under this mark, Bitcoin may retest established lows, in an attempt to regain bullish momentum again. Conversely, if the crypto stabilises above 103,000 it will keep growing.
Ethereum may be in a potential long opportunity after finding stability on a key support. As long as price action is above 3.600 and lack of bearish pressure, the crypto may retest established highs as potential resistance barriers. Stabilising above 4.000 may further see bullish continuation. Simultaneously, failing to continue up and stabilising below 3.600,...
Gold Euro will likely transition from a bullish into a bearish trend as price action is developing in that trajectory. Price action failed to stabilise above 2600, and the bullish move was rejected upon reaching this mark. As of now, the yellow metal looks headed towards the downside. The nearest support is were it might reignite bullish interest. Conversely,...
Dow Jones successfully dropped as previously anticipated. The sell move is fading bit by bit, and a bullish breakthrough maybe on the verge of occuring. A break of this bearish channel may lead to YM testing established highs, with continuation to create newer highs. Failure to buy and breakthrough this selling zone, may lead the indice to continue down due to the...
Gold is still in a correction structure which may head towards nearby support if the sell continues. If the yellow metal fails to go down and stabilises above 2722, then price action may keep going up. Alternatively, a break of 2722 to the top, and 2600 to the downside, may be pivotal zones to determine the trend direction from a larger perspective.
Dax is experiencing a transition from a bull run, into a bearish correction. The indice may drop and find momentum on the nearest and inherent support structures to kick star the upside move again. If price fails to drop and stabilises above the 20k zone, bullish continuation will continue.
Ethereum has been bullish for sometime and may experience a slight correction due to a fading bull run. As long as price action is below 4.000 and 4.100, the crypto may halt the bull run and find support on the nearest barriers. Stabilising above the above figures, as well as failure to correct as anticipated, the bull run will still continue searching for the...
US100 has been in a bullish trend for some time, but now this momentum seems to be fading each time the indices tries to go up higher. As price action is currently developing, a potential drop will happen if the indices fails to find stability above 21600. Alternatively, finding upward strength above this mark, the bullish move will resume further.