Commodities, Indices, Forex 05/28/2016

Indices, Commodities and Forex Special Situations 05/28/2016

Published on May 28 2016

INDICES

S&P 500 USA Stock market Index

SP500 is testing 2100 again. Failure here would lead to a deeper continuation lower. Hard resistance on the upside is 2117 on the downside we need a break of 2030.

 

DAX German Stock market Index

DAX is facing strong resistance at 10286. A break above 10600 is needed for upside continuation.

 

 

XAUUSD – GOLD

Gold is on a way to test 1200 $. Below 1180 $ strong downside move will be in place.

 

EURUSD

EURUSD is on a way to test 1.10479 level of lower channel line. Below that we could see a test of key 1.09517 mid range level.

 

USDJPY

USDJPY is in a rectangle 109.100-110.260. Break of this range is needed for direction higher or lower.

 

 

GBPUSD

GBPUSD is in an uptrend channel and need to break 1.4766 200 SMA higher for upside continuation.

 

AUDUSD

AUDUSD is testing 0.7150 level and a break below this level would open extended downside  move.

 

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