Weekly review. NIKKEI, DAX30, silver | 13 November 2015

NIKKEI

Monthly chart: so, the upward structure in the phase of trend upward swing. There are no visual signs for the stop but monthly bar has just started. Formally, swing is already formed by two crosses and there is a danger of reverse of the movement. Let’s look at the situation on the smaller charts.

Weekly review. NIKKEI, DAX30, silver

Weekly chart: the downward structure in the phase of the pullback upward swing. The potential of the movement is still big but the space, saved for bears, is bis as well. The optimal zone is 20645.

Weekly review. NIKKEI, DAX30, silver

Daily chart: the upward structure. Wait for the forming weekly targets. Scenarios: growth in 20645. Trading solutions: buys to 20645

Weekly review. NIKKEI, DAX30, silver

DAX30

Monthly chart: the same situation with NIKKEI — the upward trend swing is formed and do not demonstrate the signs for a stop. This movement will reverse when it goes under the last support (9301.5).

Weekly review. NIKKEI, DAX30, silver

Weekly chart: the downward trend in the phase of forming the upward swing. The current bar can be inside, that would become a good bearish signal. But it is too early to talk about, the week just started.

Weekly review. NIKKEI, DAX30, silver

Daily chart: one more variant of reverse of forming the pattern Over&Under. That will happen if the index goes under the last bottom 10789.7, with the enter point down on the level 11003.3.

Weekly review. NIKKEI, DAX30, silver

Scenarios: 1) Decline under 10789.7 and start of pullback to 11003.3 2) Go on growing to 11165.1 trading solutions: it is too late to buy from current levels, so we shall wait for the clearness with a possible reverse down (watch 1st scenario). As we see, we won’t manage to trade this week.

Silver

Monthly chart: strong “reply” from bears which are not going to lose their trend.

Weekly review. NIKKEI, DAX30, silver

Weekly chart: here is the answer: we see a simple pullback to the point of start up in regard og bullish pattern O&U, from 14.38. The setup is very reliable.

Weekly review. NIKKEI, DAX30, silver

Daily chart: we clarify the decline to 14.38 and the high possibility of the bounce up in the direction to the upper O&U (16.18).

Weekly review. NIKKEI, DAX30, silver

Scenario: decline to 14.38, bounce and start of growth to 16.18 Trading solutions: buys from 14.38 to 16.18

Aleksey Panasenko
FreshForex Analyst
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