Indices, Commodities and Forex Special Situations 08/07/2016
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. Strong support on 2136 direction is clear. How to trade with Pitchfork tool join our webinar.
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. Dax is trying to break 10500 for complete trend reversal. Failure to lead to range hold.
XAUUSD – GOLD
Gold is supported by broken trend line 1320$ and it seems to be preparing for attack on new highs 1400$.
EURUSD
EURUSD is holding support of 34 SMA green line 1.10854. Approaching median Pitchfork line and we see extension into 1.13620. How to trade with Pitchfork tool join our webinar.
USDJPY
USDJPY rejected from 200 SMA (BLUE LINE) and 61.8% Fibo retracement of last swing down Watching closely for a break of 99 for extension lower.
GBPUSD
GBPUSD is making a base but we need to see a break above 1.3300 for a bounce higher. It is on hold by 1.3000-1.3070 support zone.
AUDUSD
AUDUSD is testing median Pitchfork channel line and 100 SMA (RED LINE) 0.7650 level. Break and close above this level would lead to 0.7800 and higher.
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