NIKKEI, silver, DAX30: weekly review | 04 December 2015

NIKKEI

Monthly: Month is closed on a confident level. There is no reason to expect a downward reversal, so we expect a continued growth of the index aimed to break above the recent High (20956).

 NIKKEI, silver, DAX30: weekly review

Weekly: some reversing bar can run a small two-week correction in the direction of the broad and strong pivot 18903-19096

 NIKKEI, silver, DAX30: weekly review

The daily chart: Here, as we can see, the upstructure can not lose the last local bottom (19233). The first intersection down has been already done and the correctional downward swing lacks just one more crossing. On Tuesday, Wednesday, we can expect emergence of long-signals.

NIKKEI, silver, DAX30: weekly review

Expectations: correction in the area of ​​19500, and then a new swing up to break 20033.

Solutions: buy after correction down, we assume around 19500. It is necessary to wait for the price action signal. The goal - move above 20033.

DAX30

Monthly: everything speaks for a strong bullish closing of the month. We expect a continued growth with a view to break the last Top (12422.9)

 NIKKEI, silver, DAX30: weekly review

Weekly: continued upward swing up after an expressing out bar. The nearest goal - resistance zone 11815.4-11931.8

 NIKKEI, silver, DAX30: weekly review

The daily chart: in the view of obtaining the inside bar, a false break down is possible, where we can be confident enough to buy

 NIKKEI, silver, DAX30: weekly review

Expectations: growth towards 11815.4

Solutions: Buy to 11815.4

Silver

Monthly: Bears almost deprived us of hope for the upward reversal this week. How cheaper can silver get? This is a big question but we need to follow the trend, and it is a confident downtrend.

 NIKKEI, silver, DAX30: weekly review

Weekly: the last week destroyed a multi-week bullish Over&Under, it means a very strong southern karma. We expect a deeper drop towards the level of 13.00

 NIKKEI, silver, DAX30: weekly review

The daily chart: Friday pullback brought the price into the zone 50% of the bullish pin for Monday. This gives those who trade against the trend the possibility to enter with small Stop orders, but of course, it's highly likely to be a loss-making deal.

No place to enter because we lack a full swing up.

 NIKKEI, silver, DAX30: weekly review

Expectations: drop to 13.00

Solutions: looking for opportunities to enter down to 13.0013.00

Aleksey Panasenko
FreshForex Analyst
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