Weekly review fo DAX30, silver and NIKKEI | 18 December 2015

NIKKEI

Monthly: a downward swing began. If he can flash support 16883 - the trend may reverse. Therefore, if we are based on a continued growth of the index, the upward swing is to find a new bottom not below this level (see the red arrow)

 Weekly review fo DAX30, silver and NIKKEI

Weekly: here we have an already shaped downward swing, but so far we have not got signals of its end. So we are based on decline and two old scenarios.

 Weekly review fo DAX30, silver and NIKKEI

The daily chart:a similar picture. A strong breakthrough of the inside bar indicates readiness of a further breakdown. Next support in this case will be 17658 area.

Weekly review fo DAX30, silver and NIKKEI 

Expectations: decline to 17658

Trading solutions: sales to 17658

DAX30

Monthly:a potentially downward swing got the first intersection down and it has every chance to reverse chart downwards in case of a break down under the support 9301.5 (the last local bottom)

 Weekly review fo DAX30, silver and NIKKEI

Weekly: we note a full advantage of bearish scenario expressed by the local pattern Over&Under the zone 11066.0

 Weekly review fo DAX30, silver and NIKKEI

The daily chart: a better shaped pattern O&U. Perhaps, deepening of the downward swing, there are no signals of a reversal yet, but it is already possible to place Sell orders in the area of ​​11055.0 /p>

 Weekly review fo DAX30, silver and NIKKEI

Expectations: we expect some deepening of the index, then a rise to 11066.0, from where we are to sell to 9301.5 in the medium-term/p>

Trading solutions: we shall put Sell Limit orders at 11066.0 with Stops above 11449.0 and target 9301.5

Silver

Monthly: Silver continues to fall.

 Weekly review fo DAX30, silver and NIKKEI

Weekly: the formation resembling an expanding flat or flare. It may be delayed over time. Meanwhile, only sales are safe.

 Weekly review fo DAX30, silver and NIKKEI

The daily chart:we see a false breakdown. It may help bulls to implement the scenario of the week flare (See the black arrow), but you can not rely on it as a long signal.

Weekly review fo DAX30, silver and NIKKEI

Expectations:

1. We expect new lows in silver with an upward correction.

2. Upward rollback without accomplishing new lows to the zone 15.00

Trading solutions: There are no clear signals. We should look for signals down. In the first scenario, it can be signals H1-H4. The second scenario implies sales only after correction to 15.00.

Aleksey Panasenko
FreshForex Analyst
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