S and P 500 looks oversold having been dropping for a few days. The previous established highs will be the target, simultaneously becoming potential selling regions if the bullish pressures cools down.
Nas100 might find selling pressure on the above resistance barriers due to finding bullish momentum and failing to decline from last week's selling pressure. However, if the the upward movement fails to reach 21k mark, the indice may resume its donward trajectory!
The index appears to be failing to sustain its bullish momentum from last week as price is declining from the established highs. If price actions remains below the 44.000, bearish moves will be favouble targeting the below support barriers.
Pound Cad appears to have found support on a significantly higher timeframe low, yielding a potential pullback to the upside. However, stability under 1.77000 may continue downward pressure. Also, as long as price is above the mark, the pair may find bullish pressure.
Past week or two saw the crypto in a bullish move which now seems to be on a halt. This halt is being caused by a potential developing of a right shoulder of the head and shoulder pattern, signalling a move downwards. If price stabilises below 91500 Bitcoin can find support on these low barriers to kickstart the upward momentum again. Alternatively, stability...
The Dax rose and stabilised under the 19400, as it is a key resistance from the higher timeframes. The index may find bearish momentum after not stablising above this mark, targeting potential support barriers below. Alternatively, massive bearish volume may increase if price action further stabilises under 19k.
The S&P 200 seems to be developing or completing a right shoulder of the head and shoulder pattern which may lead to a possible decline of the index. Alternatively, if price action stabilises above 8.300, a bullish move will be favourable.
The Hang Seng is failing to move upward as price action is gradually declining. The below support structures in orange will be favourable in reinvigorating the bullish pressure.
The index may drop to find support as the bullish momentum seems to have halted for the meantime. The barriers below may be areas of resistance and interest for a move to the upside.
After intially bouncing from the 19000 barrier yesterday, the index pushed upward but the momentum was not strong enough leading to price action declining further down. As price action developed, it broke 19000 and now seems to be stabilising below this mark. As long as price is below 19000, the Dax is in search of support.
Aussie Dollar is still ranging and seems not to have broken from the consolidation phase from the Daily charts. As long as price is above the 0.65000, areas of interest would be upside moves towards nearby resistance barriers. However, if the bullish move fails and price action stabilises below 0.65000, a move downwards will then be favourable.
The pair seems to be fading from its bullish momentum since last week. As the downside pressure develops, the below barriers may be areas of support where price action may find upside pressure
The Dax continues to bounce back from the 19000 barrier, as it is a key support from the higher timeframes. The index may find bullish momentum after not stablising below this mark. A break the immediate resistance barriers, may be essential to look for shorts, if the index remains below 19400-19600.
The index may retest established higher highs, after finding support near a key low. Price action is ranging between 11700-11900, upon breaking of the consolidation phase.
The index broke through a consolidation phase and is currrently dropping to find support towards 8.100 and 8.000.
Gold seems to have broken a consolidation phase, and price action seems to be headed to the downside. Immediate barriers below, will be potential regions of interest for a bullish pullback. A break below of the support structures of 2658 and 2600 will likely spearhead selling continuation as the yellow metal develops. Alternatively, finding support on these...
The pair we'll likely find support on a key low, that may push the price upward. Alternatively, rejecting the movement up and continuing way under 0.56500 and 0.56000 might see continued down movement.
Aussie Dollar is ranging and seems not to have broken from the consolidation phase from the Daily charts. As long as price is above the 0.65000, areas of interest would be upside moves towards nearby resistance barriers.