Analysis
Sentiment: Short
Market Structure: Trend Line Break
Daily Resistance Level: .995. or .990
Daily Support Level: 98.00
Other Key Levels: 98.200 - 97.300 - 96.169 (50% Retracement Level)
Following the DXY analysis, we are expecting bearish moves on all USD/XXX pairs. Last week we that this pair created quite a few short signals on the daily time frame....
Analysis
Sentiment: Short
Market Structure: Confirmed Double Top
Daily Resistance Level: 97.500
Daily Support Level: 95.500
Other Key Levels: 98.200 - 97.300 - 96.169 (50% Retracement Level)
Predictions
After the retest of the neckline, I would now like to see a retest of the 97.000 level if we get a retest at all. If we do not see any pullback the first...
Starting at the left, we see that price has respected the trend line for the last month. Price began to consolidate and wasn’t able to create lower lows when it reached 75.500.
We see divergence occur on the last lowest low of the trend then a clear break of the trend line.
Price again respected the 75.500 level and formed its first bottom. We just completed the...
Sentiment: Short
Market Structure: Confirmed Double Top
Daily Resistance Level: 2950
Daily Support Level: 2800
Other Key Levels: 2700 - 2350 - 2125
November 9th, 2016 - a date we may hear a lot of in the next few months. The S&P 500 hasn’t closed below this day ($2,137) since Trump took office. The market rallied over 45% over the last two years, but this...
