Indices, Commodities and Forex Special Situations 07/03/2016
Published on July 03 2016
INDICES
S&P 500 USA Stock market Index
Strong last week bounce from 2000 level leaving SP500 in range. If rejected again from 2100 we expect downside extension to 1900-1950.
DAX German Stock market Index
Retest of a broken strong downside resistance 9800 level. Rejection here could lead to another test of 9300
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. Trend has reversed from downtrend to uptrend and we see a test of 1400 soon
EURUSD
EURUSD is retesting broken wedge line 1.11400 level and we expect failure her for a slide to 1.0900 again.
USDJPY
USDJPY retested and rejected by important downside support 103.540 level. Expecting abother test of 100.685 low.
GBPUSD
GBPUSD is extending slide and new long term downside level is 1.2800.
AUDUSD
AUDUSD retesting broken flag 0.7500 level. Rejection here is expected to lead to a test of 0.7300 again.
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