Gold Euro will likely continue to the downside after pulling back but with minimal gains. Also, price action is consolidating and will finish off the last wave of this correction and then continue down. This last sell-off may kick start the bullish move if the pair finds support above 2415.
Gold Euro may head upwards if the metal manages to find support between 2500 and 2470. If the price action does find support, the pair may target upward barriers. If it fails, it may retest further down at 2415.
The yellow metal has been in a correction phase which may be ceasing! Failing to stabilise above the 2700 mark, price action will continue its bullish pullback to the top. Conversely, remaining under the 2700 region may see the yellow metal continue its bearish momentum.
Gold Euro may head upwards if the metal manages to find support between 2500 and 2470. If price action does find, support the pair may target upward barriers. If it fails, it may retest further down at 2415.
The crypto continues to show bullish strength and may continue to do so as the week/s develop. However, a bullish continuation may continue, if price corrects slightly below on the support in orange barriers. Finding stability between 97 and 92k, and within the current correction phase in the green structure, will kickstart the bullish run again. Conversely,...
Bitcoin may find buying pressure after dropping and finding support from the proximity of the previous all-time high. The crypto will still go up as long as price action is within the correction phase and above 92k. Finding stability and breaking 92k, may see a bearish outcome.
JSE experienced resistance on the 77,000 barriers and stabilised under this mark. The index may find support on nearby barriers.
Copper broke a bearish channel and stabilised above 4.000, possibly leading to retest established highs.
The index may be en route to forming a new lower due to being pushed a bullish pullback!
Copper broke a bearish channel and may head to retest established highs. Failure to continue making newer highs timeframe lows is also another crucial aspect in which the metal may find it's a halt at 4.20911 and 4.3000
Dow Jones, found support on a key level which was a previous all-time zone, and is headed towards making a new all-time high. The bearish pullback failed to continue, as the price formed a high low bouncing from the 42800 zone. As long as the price is above 42800 and 43k, the indice, will keep moving up until possible reversals.
Nas100 will keep growing after bouncing off a key resistance which has turned into support. Established highs upon breaking will be the target for the bullish pressure.
The pair has been in an uptrend for some time now and seems to be headed for support to regain the bullish momentum. The 0.87300 and 0.87100 are bearish pressure targets, simultaneously essential barriers where a potential upside pullback.
Dollar Rand is in a corrective phase which may likely lead to an impulse downward due to the current bullish phase failing to sustain its upward pressure and stability and 18.2000. Alternatively, if price actions fail to fall, followed by stability above 18.2000, the pair may continue rising retesting the 18.3000 barrier.
Pound Cad may head up after selling off for sometime now. Rejection and stability under 1.76700 may continue the downward momentum 1.75500 and 1.74900 regions. Stability above may likely lead an upside movement towards 1.78000 or further 1.79000
The nas100 will likely continue downwards and find support on the 20000 barrier. A further decline from the 20k mark may find support in the 19900 or 19700 zones, as potential bullish regions.
The crypto has been gradually ascending towards an all-time high, but this rise may lead to a big drop due to a failure to continue up or stabilising above the high. As price action develops, stability above the all-time high will lead to a bullish continuation, failure to stabilise above the all-time high may lead to a drop.
The pair is currently bullish but may face a downward move if bullish momentums fail to continue up. A break of 200.000 and stability above the mark, may likely see continuation up. Remaining below this barrier, price action may develop selling movements towards support structure.