NIKKEI, DAX30, silver: weekly review | 27 November 2015

NIKKEI

Monthly: meanwhile bullish swing looks very impressive. Until the end of the month there is still some time, and the trend could change. But as long as there is no apparent reason - we are waiting for further upward movement, with break above the recent peaks (20969)

Weekly: it seems that the rising edge absorbed the most serious pin, so just we wait for a continued growth. 20934-20969 resistance zone looks very strong, so taking profit on the purchase is reasonable before this zone.

The daily chart: classic uptrend. It will be good, if thereis some decline under Friday's lows so that we could get rolling downward swing, on which, in its turn, it will be reasonable to look for the entry signals up

Expectations:

1) The direct growth toward areas 20943-20969. 2) Rollback earlier in the week under 19,715 and then rise up to the goals specified in the first scenario.

Solutions: Despite a strong upward pressure, there are no direct entry upward signals, so only aggressors can buy. Conservative traders will have to be based on the scenario 2, without which it is not possible to enter into the potential upward movement.

Monthly: similar picture on the chart of this index. We expect continuation of the upward swing and break above the recent peaks (12422.9)

Weekly: the first crossing of of the new rising swing. We are waiting when the price will reach new highs. The next resistance zone - 11815.4

The daily chart: successfully attacked pinbar of the last week, so scenario with further upward movement is more relevant

Expectations: growth to 11815.4

solutions: purchases to 11815.4

Silver

Monthly: the upward reversal we discussed earlier is under a big question, or at least is coming with a notable delay.

Weekly: bullish pattern O&U is still relevant, the support 13.96 is still maintained. Start of working out should be recognized as problematic, but thanks to the small stop we can look for upward entries on the younger charts. When the silver price gets under 13.96, prices could fall even more dramatically.

The daily chart: current support 14.02. If downward swing is formed without disrupting this support, the preconditions for a reversal will be saved.

Expectations:

1) If the level 14.02 remains in force - we will be waiting for a possible movement up to 15.00 and 16.00 2) In case of withdrawal under 14.02 and 13.96 - a high probability of a collapse of quotations with unknown targets- we do not know how cheap can the silver cost.

solutions:

1) Buy orders with Stops under 13.96 and targets 15.00, 16.00

2) Sales breakdown 13.96, which shall be kept in sync with falling gold