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Daily price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging within Fibo resistance level at 14.34 and Fibo support level at 13.64. RSI indicator is estimating the ranging condition to be continuing. If the price will break Fibo resistance level at 14.34 so the local uptrend as the bear market rally will be started up to 14.61 as the next target. ...
NZD/USD: breakdown with the bearish reversal. The price broke Ichimoku cloud from above to below together with 0.6589 support level and it was stopped by 0.6513 support in the primary bearish area of the chart. Chinkou Span line of Ichimoku indicator is crossing the price to below for the breakdown to be continuing, and Absolute Strength indicator is estimating the bearish trend in the near and medium-term future for example. We are having 3 simple scenarios for the price movement ...
Dow Jones daily price broke 200 day SMA/100 day SMA area from above to below to be reversed from the primary bullish to the primary bearish market condition: the price broke 16,814 support level to below for the good bearish breakdown and with 15,295 level as the next bearish target. The price is located on 3-month low for now, and, according to RSI indicator - the bearish breakdown will be continuing in the near future. ...
Daily price is located near SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) ranging with waiting for direction for the possible breakout or breakdown. The key support/resistance reversal levels are the following: 2103.93 key resistance level located above 100-SMA/200-SMA in the bullish area of the daily chart, and1988.96 key support level located below 100-SMA/200-SMA in the beginning of the bearish area. RSI indicator is estimating the bearish ...
Crude Oil: 34.00/33.90 is the next target area
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