Weekly review for NIKKEI, DAX30, silver | 11 December 2015

NIKKEI

Monthly: The first week of the month is in November range, and it is too early to talk about the inside bar. We are based on the assumption about continuation of growth above the last Top (20956).

 Weekly review for NIKKEI, DAX30, silver

Weekly: downward local swing is possible (the first intersection down from the two required has been received). If this scenario is true - we can wait for the substantial support in zone 18903-19092, where buy signals will be formed

Weekly review for NIKKEI, DAX30, silver 

Daily: an absolutely confident rising structure, in which the end runway swing down is formed. The probability of direct further growth is very high.

 Weekly review for NIKKEI, DAX30, silver

Expectations: rise above 20027 and aiming at 20645.

Solutions: Buy to 20645.

DAX30

Monthly: the situation is similar to the NIKKEI's situation, except a higher correctional activity. For one week of correction almost the entire month range in November was used.

Weekly review for NIKKEI, DAX30, silver

Weekly: one intersection within the frames of a possible downward swing. If another one is done (for which the price needs to get below the last local Low (10638.5) and not lose the last bottom (10503.5)) - we can see a new strong upward swing aimed at breakthrough of the final local peak (11443.5) and focus on the area 11815.4-11931.8.

 Weekly review for NIKKEI, DAX30, silver

Daily: a good stopping of the downward swing allows us to expect a move up from current levels to breakthrough the last Top (11443.5).

 Weekly review for NIKKEI, DAX30, silver

Expectations: growth above 11443.5 and targeting 11815.4

Solutions: Buy to 11815.4

Silver

Monthly: Bears seriously strengthen their positions and yet we have to rely only on correction

 Weekly review for NIKKEI, DAX30, silver

Weekly: Stop orders of buyers are withdrawn which were working within the frmaes of bullish O&U, and a significant upward pullback is going on. However, correction will be safe for sellers, cause the price will face a strong pivot 15.50-15.64.

 Weekly review for NIKKEI, DAX30, silver

Daily: prerequisites for construction of the upward swing, which is required for the overall structure. Resistance is at 15.50 area strong, but we see that the area of ​​16.18 accumulates potentially big demans in silver within the local bearish Over&Under.

 Weekly review for NIKKEI, DAX30, silver

Expectations:

1) growth to 15.50-15.64 and new drop under 15.00

2) A more substantial correction to 16.18, where we can see a new intensive drop under 13.82.

Solutions:

1) Buy to 15.50-15.64

2)  Limit Sell orders in the area of ​​16.18 with a stop above 16.34 and goals under 13.82 (medium-term).

Aleksey Panasenko
FreshForex Analyst
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