Indices, Commodities and Forex Special Situations 07/24/2016
INDICES
S&P 500 USA Stock market Index
S&P500 is in an uptrend and acording to Pitchfork channel move into 2300 is not excluded. Break of 2200 seems imminent.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. Move into 10300 is not excluded after break of 10150.
XAUUSD – GOLD
Gold broke 1320 level 200 SMA and the long term falling line. This is now support and Gold could bounce higher from here. Nice support for an upside extension here.
EURUSD
EURUSD is bouncing from again from 1.09410. A close above 1.11000 would lead to a test of 1.12000 and higher.
USDJPY
USDJPY is retesting support zone 106.600-108.600 and we have a little rejection but without confirmation still for extended downside.
GBPUSD
GBPUSD weekly hammer survived without breaching and pair is bouncing from 61.8% for an extended move higher
AUDUSD
AUDUSD is testing strong support zone 0.7380-0.7462 for bounce higher.
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