SPX500

Follow up on my previous post on SPX500 (this)

It seems that the spike above 1995 level indicated that the price will continue to descend again. The break out formed below the triangle make the price moved for more than a thousand pips. Both Stochastic and MACD indicators shows that this is still in the bear market.

AUD/USD

A follow up on my post (this), this pair is still in a bear market as long as it stays inside the descending channel.

The MACD indicator lines showing a cross over going down means that the price will further go down.

USD/JPY

This pair formed a tight pennant just above a strong resistance line. I think what will happen here next is that the price will breakout from the pennant downwards and break thru the strong resistance line. Even the swing inside the pennant is showing a hidden bearish divergence from the lower highs of prices against the higher highs of stochastic indicator. The price can be targeting the next resistance at 116.00 level.

If the price does not pass thru the strong resistance line, it might go up again to 125.00 level.

AUD/USD

Just now I saw this hidden bearish divergence in this pair. Prices are making lower highs while Stocastic and MACD indicators are making higher highs. This is a good time to enter short trade.

EUR/USD update

Follow up on my post last week with the same title (here)

I think my prediction is correct. The price now will try to go down till the ascending trend line to find support to go up again. Stochastic indicator showing that the price will definitely go down. But if MACD goes below 0, it may result to breaking the ascending trend line and start a bear market.

EUR/USD

This is what I think will happen to this pair. The price will reach and test again the strong resistance line then go down to the ascending line for support before breaking thru.

Stochastic indicator confirms that the price will go up because of the direction of the lines.

MACD and signal lines are above 0 also confirms that the price will still go up.

XAU/USD (GOLD)

XAU/USD prices are just now above a strong resistance line started from the second half of July 2015. I would like to wait for the price to bounce or break from the resistance line.

Stochastic is showing a hint of hidden bullish divergence from the high lows of the prices against the lower lows of the indicator.

SPX500

SPX500 is forming an ascending triangle. A breakout above 1995 is an indicator that the price will start to go up again. Both Stochastic and MACD are showing that the price will go up.

But, if 1995 level proves to be a strong resistance, I should expect that the price will continue to go downwards.

Better to wait and see.