The price is on bullish ranging between the following key levels: Central Pivot at 1963.05 andthe first pivot resistance R1 Pivot at 2188.18. There are the following intermediate support/resistance levels for the price on the way to the key s/r targets: 2134.42 resistance level, and2006.68 support level. ...
Daily price is breaking 100-day SMA (100-SMA) and 200-day SMA (200-SMA) from above to below for the reversal of the price movement from the ranging bullish to the primary bearish market condition. The price is located within the following key reversal support/resistance levels: 2079.76 key resistance level located above 100-SMA and 200-SMA near the border between the primary bearish and the primary bullish trend on the daily chart, and1992.50 key support level located below ...
So with the advent of global QE, and zero interest rates, have central banks unlocked the key to perpetual bull markets? Let’s just say, I doubt it. They have managed to stretch some of the multi-year cycles, and hold off the bear much longer than most have anticipated, but I don’t think they have discovered the secret to infinite prosperity. As I said, the implementation of global QE has stretched some of the longer term cycles, and that is the first thing I’m going ...
Weekly Forex Market Price Action Outlook – August 4th – 8th, 2014 EURUSD – Euro/dollar downtrend intact On Friday, the EURUSD found some buying interest finally, and made a run back up to the 8 day EMA dynamic resistance level. The trend is still down in this market, and our recent bearish bias has not changed; we are still looking to sell on a rally back to resistance. If the market moves back up to the 1.3480 – 1.3510 area, we will watch closely for a price ...
More new highs this week for the major averages as the market has started off July on a positive note. In my daily columns, I generally focus on the weekly and daily volume using my favorite volume indicator, the On Balance Volume. In my monthly starc band analysis of the stocks in the Dow Industrials, I place quite a bit of emphasis on the monthly OBV as it often will lead prices higher. This, combined with positive relative performance analysis and keying on monthly support, can ...
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