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EssentialWeekly market overview Forex, Futures, CFD's. Catch the most important market points
NASDAQ:AAPL bounced off the channel support and is reaching the mid point of the channel. I am more inclined to an uptrend extension to 200 at this point.
OANDA:XAUUSD is in the bullish flag consolidation before an extension higher. A break above 1950 is required for an attack on 1970. Only a break below 1890 will lead to an invalidation of the fifth wave extension.
Oil is rotating higher and is being confirmed by a break above the 73. Look at the Elliott Waves and trading setup.
VANTAGE:DAX40 is being rejected by the strong upside resistance 16500 and is going lower to test a confluence of the resistance, key reversal resistance
AMEX:SPY is in the key range for a reversal lower or higher
OANDA:XAUUSD is facing the narrow consolidation which will give you an excellent trading opportunity. As you will see in this video two key levels are in play 1950 and 1970.
NSE:OIL is in the sideways mood and could be a potential two side trade incoming
FX:USDJPY is looking higher. Find out from this video idea what are the long-term and short-term #elliottwave counts and how could you trade it
NASDAQ:NFLX is reaching the confluence of the upside resistance for the 4th wave pullback and beginning of a 5th wave downside as 50% of the latest swing down Fibonacci resistance has been reached
OANDA:XAUUSD is extending the short-term downside swing and should be still in the early stages of the third wave down and a confirmed break below 1930 should be a valid proof that it will go to 1900 in this stage of a swing dowwn
NASDAQ:NVDA is in the narrow channel with the 380-390 zone now being critical for a downside reversal as the stocks are hitting the five waves upside and are offering possible excellent trade
BITSTAMP:BTCUSD is breaking below 27200 which should be a neckline of a H^S formation and a measured move to 24000
FX:NZDUSD is reaching 0.6380 level which was previously tested two times and is reversing from the top of the flag (reversal needs to be confirmed) for a new swing to 0.6100.
NSE:NIFTY is reaching the strong resistance area and a short trade here with a stop loss above 18000 is the viable trade to target 16000
NASDAQ:COST is breaking below the rising wedge 502 which is opening a nice short trade with a good risk to reward or buying put options. Target is 470-480 zone
NASDAQ:AAPL is in the narrow rising wedge and a break below 159 would confirm a reversal and swing lower in the so far bullish channel flag
You must be patient here with SP:SPX as it is testing again the 4150-4200 zone. It has the most bullish potential then the other Indices but it need a confirmed break above 4200.