Indices, Commodities and Forex Special Situations 06/25/2016
Published on June 25 2016
INDICES
S&P 500 USA Stock market Index
Failing again at 2100 and is below 100 SMA (RED LINE). We are expecting a test of 2030 neckline of a double top formation. Double top is broken and the road is open to 1975 after 2000 test.
DAX German Stock market Index
DAX is below 10000 and is testing 9300. Break below lead to a test of key 8700 support.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term downtrend is broken. Expecting upside continuation into 1400.
EURUSD
EURUSD is testing key 1.1090 support level and a break below would lead to 1.0900.
USDJPY
USDJPY testing psychological 100 level. We expect continuation into 94.750 61.8% LT retrace level.
GBPUSD
GBPUSD broke the bearish flag. Downside support is 1.4000. Below this level we expect continuation.
AUDUSD
AUDUSD is below 0.7600 and we expect a test of 34 SMA 0.7281 level for downside continuation.
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