Indices, Commodities and Forex Special Situations 07/30/2016
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. We are waiting for a break of 2200.
DAX German Stock market Index
Is retesting 10000 broken wedge line and 34 SMA. After break of 10300 new break point to lead to new highs is 10500.
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. As expected Gold is on a way to 1400$.
EURUSD
EURUSD is bouncing from again from 1.09410. Approaching median Pitchfork line and we see extension to 1.13620. How to trade with Pitchfork tool join our webinar.
USDJPY
USDJPYÂ is retesting support zone 106.600-108.600 and we have a little rejection but without confirmation still for extended downside. Rejection from downside support zone is confirmed we are waiting for sell signal.
GBPUSD
GBPUSDÂ is making a base but we need to see a break above 1.3300 for a bounce higher.
AUDUSD
AUDUSD is testing strong support zone 0.7380-0.7462 for bounce higher.  Bounce hard from support zone and we are waiting for a test of 0.7700
Images below:
[Best_Wordpress_Gallery id=”22″ gal_title=”Intermarket”]