Sell the Australian index below 5692.7 | 02 Junio 2017

Wait for a clear breakout below 5692.3 to short ASX towards 5374.3
Technical Observation:
Recently, the Australian Index go rejected from the immediate trend line acting as the resistance and is currently rallying downwards. I expect a breakout below the support line 5692.3, and then a retracements to the just broken line to short this index towards 5374.3. On the daily chart above, a breakout below 5692.3 will be the best place to short this index, in the meantime, its good to remain short only up to 5692.3
 
Technical levels:

Resistance levels
R1: 6000.1
R2: 5786.6
R3: 5858.4
Support Levels
S1: 5598.3
S2: 5535.9
S3: 5374.3
Trade Signal
Wait for a clear breakout below 5692.3 to short ASX towards 5374.3
Wait for a clear rejection from 12416.3 to long DAX30 towards 15000.
Technical Observation:
The German Stock Index is still rallying above the weekly resistance line 12416.3. Unless there's a clean bearish breach below this line with a big red candle, I expect a possible rejection from this line to re-buy this index towards 15000. A possible rejection signals from this line will be consolidations above this line or even pin bars with tails below 12416.3 and bodies closing above the same line.  My advice, look for buy positions above 12416.3 towards 15000.
 
Technical levels:

Resistance levels

R1: 12416.0

R2: 11333.6

R3: 15000

Support Levels

S1: 8970.9

S2: 10775.4
S3: 12416.0
Trade Signal
Wait for a clear rejection from 12416.3 to long DAX30 towards 15000.
Remain long in XAGUSD towards 18.61
Technical Observation:
For the past few weeks,  since the beginning of May this year, Silver has been making higher lows and could continue even higher. I expect further advancements towards the resistance 18.61 and a rejection from this line. That is, as long as the price is contained below 18.61, a rejection  from this line and a possible rally towards 14.40 seems more ideal. On the weekly chart above, I expect a bullish rally towards 18.61. My advice, if you went long upon the first rejection from 15.90, leave this positions open but you should take your profits  upon hitting 18.61.
Technical levels:

Resistance levels

R1: 18.61

R2: 22.01

R3: 24.84

Support Levels

S1: 14.40

S2: 15.97
S3: 27.12
Trade Signal
Remain long in XAGUSD towards 18.61
 
 

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:

Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.