Finally, $XAGUSD has reversed lower and has broken below the short-term uptrend line 26.5. There is a high probability of the 26.5-27 zone retest for a next leg lower to 21.4.
$AUDCHF is rejected from the long-term falling trend line 0.6700 again. For a breakout lower and a continuation we need to see a break below the triangle support 0.6500 with the ADX turning higher above the falling line and 15-20 the best. ADX above 25 would mean we are in the downtrend continuation.
$APPL is testing the wedge top 445 and being rejected by it again after a couple of exhaustion gaps. Look to fade the move and short the stock for the exhaustion gap-fill targeting 384.
EM currency pairs and exotics seems to continue their uptrend $USDMXN $USDZAR $USDRUB among the others. Now is a good moment for the trade entries.
$EURGBP is forming a bearish flag inside the long-term trading range. If this breakout of the flag would be confirmed tomorrow take the short trade, and a higher probability one
$Bitcoin breakout with a confirmation and inside bars are calling for more highs before a pullback retest. The next target is 13900 and the strong support at the moment is 10500.
$DXY is testing the key long-term uptrend support as the $EURUSD is testing the long-term falling trendline. Will we see a breakout?
$AMZN rejection of the broadening wedge top round number 3000 is giving a perfect short trade opportunity. Targeting 2000 on a strong rejection and top confirmation.
$MSFT reached the high and a top of the steep resistance line 218 then fiercely broke the rising trendline and triangle consolidation making a strong case for the downside reversal sand a test of 190 for a complete breakout. Remember losing strength here is not a good sign for bulls as well as this selling pressure and rejection.
$DXY is testing the long-term support 95 as it did in past and has a perfect long-term uptrend channel.
This video overview is revealing the weekly bearish candles retest at the beginning of the week. $AAPL $AMAZN $TSLA $MSFT they are all covering almost 80% of the previous week bearish candles so be careful with going long unless we see a clear breakouts above the reecent high.
$EURUSD is breaking above the long-term falling channel 1.14500 level which has to be confirmed and is about to challenge the more important confluence of resistance, horizontal resistance and previous year high 1.15200 level. Failure here could drive the pair lower and a break above will mean the complete upside reversal, daily close confirmation is needed.
Overview of the stock market Indices key levels that are being pressured. Risk on or risk off we will soon see a decision by the price action.
$DJIA is testing the falling trendline 27000 level and is failing again. The next week will give us an answer about the potential reversal rotation lower. Any clear breakout above 27000 would be quite bullish but the mmentum i telling us that reversal downside would be more possible.
Commodities are hitting the key level for the continuation reversal. Look at this overview for the key price action levels to watch.
$JPM is running inside the bearish flag for some time. Key levels to watch for the breakouts are 104 and 92.
$XAGUSD is reaching the confluence of the short-term and long-term upside resistance 19-19.300 zone. We are seeing a rejection from here for a pullback to an 18.500 support
It is not popular nowadays to be short the stock market or to indicate there are any signs stocks will be retreating, but we have a technically appealing situation in AAPL. It is reaching the 400 round number and the top of the broadening wedge. We are about to experience a possible violent retreat here. The first target could be narrow channel bottom 350.