1) In daily Downtrend 2) Strongly Bearish Candle 3) Resistances: 3a) Fibonacci 3b) MA 200 3c) Trendline 4) RSI near 70 first Tp 69.3
NZDCAD is once again in this nice bull/bear fightzone, also fibo resistance. This week we could close above this, so if bulls can show more strengh, i will buy with buystop, as the fightzone should react as a support again. AUDCAD also broke the down trendline, but AUDNZD is still in a downtrend, so i choose NZDCAD here. Remind that NZD is as AUD is a risk on...
As all Indexes had a strong bull rally from the lows, maybe the time to look for a correction here. 1. I would not short US indexes, because the US Stock markets are way stronger than NIKKEI for example. 2. YEN is on falling wedge support and last fibonacci support. 3. NIKKEI (as other indexes) facing zone of resistance here. I look for weakness (break of first...
Retracement done, now resistance zone EMA 200, fibo and horizontal, chance for continue the trend downwards
1. Daily MA 200 2. Weekly Trendline (blue) 3. Important Fibo Rejection
serveral resistances could bulls make stop to move higher here, and continue main bearish trend. bear flag consolidation (?). .618 fibonacci level. 200 sma.