Indices, Commodities and Forex Special Situations 07/10/2016
INDICES
S&P 500 USA Stock market Index
S&P500 is testing all time highs 2137 level. If this level is broken we could see strong upside extension to 2300.
DAX German Stock market Index
Supported by 9300 level. If we get another break lower of 9454 we could see downside extension. If not 10000 could be tested again.
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 and extension to 1430.
EURUSD
EURUSD is retesting broken wedge line 1.11400 level and we expect failure her for a slide to 1.0900 again.
USDJPY
USDJPY below 100.549 extension to 94.750 is expected. No resistance below this level.
GBPUSD
GBPUSD is extending slide and new long term downside level is 1.2660.
AUDUSD
AUDUSD is open for upside move into 100 SMA 0.7679 level.
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