yanivelbaz

yanivelbaz

After breaking a 22-year long trendline 3 years ago, and testing it from below a few times, EURUSD has come back up to test what is now a 25-year long trendline. A reversal pattern below this line on the monthly chart will suggest a potential reversal, while a firm close above this line will suggest a continuation up. The stochastic indicator is signaling a...

yanivelbaz

Just showing a potential multi-year Head & Shoulders pattern forming in the S&P 500 (the chart is SP500 Futures). The neck line is a horizonal support line around 3,600, converging with a multi-year diagonal support line.

yanivelbaz

Gold is about to close this week as a big red marubozu, covering last week's candle/gains. If today's candle closes below the thick blue trendline, it may clear the way for more losses. The demand zone below resides around 1,450 - 1,480, and if the yellow metal breaks below it, it might drop all the way toward the area of 1,330, where a long-term trendline...

yanivelbaz Updated 

The monthly chart of the USD/JPY is suggesting that the currency pair will soon have to decide whether to break the triangle up or down. It's been moving sideways for almost 3 years now, and after last month's big 450 shooting star candle (and the failed breakout higher), it seems like the selling pressure is increasing. Should it break lower, next levels are...

yanivelbaz

EUR/USD has reached the top of the daily channel, with RSI 14 touching 70 and potential turning down. The daily candle so far is showing indecision. The higher time frames (weekly, monthly) suggest that buyers are coming in, but first the currency pair needs to break out of the channel. If the channel holds, price may find support around 1.10 (dotted line), before...

yanivelbaz

After bouncing back from the demand zone and uptrend line (as described in point #3 on ), the index is now testing the upper trend line around 3090. Closing above it on the 4H / daily chart will enable the price to go all the way up to 3210-3240 (upper demand zone that's been broken). Failing to go above it might push the price lower back to 2910 or lower.

yanivelbaz Updated 

Closest support line for Nasdaq 100 is around 8690, below which two strong trend lines are waiting to support the price - one around 8400 and one close to 8100.

yanivelbaz

Weekly support line around 42.5. Next demand zone (drawn on the daily chart; light blue rectangle) - towards which crude oil is probably heading - is around 42.5-45.5.

yanivelbaz

Marked in red as 1, 2 & 3, are the next support line and demand zones that could hold the drop (at least for now): 1 - long term weekly/daily trend line and a newer daily demand zone around 3070-3090 2 - a daily trend line that's been broken few months ago and could be retested around 2990 3 - a trend line and a demand zone around 2820-2880 Note that RSI (14) is...

yanivelbaz

These trend lines will probably be tested again in the coming days and weeks. The top one is very close...

yanivelbaz

These trend lines will probably be tested again in the coming weeks and months. Be aware of them as the price approaches them.

yanivelbaz

The downtrend resistance line has already been tested as support and could be tested again in the coming days/weeks. If it gets there, RSI could become oversold and align with the support line.

yanivelbaz

A critical zone for ES. Closing below 3220 might take it further down. Otherwise, we may see a (temporary?) bounce up.