Weekly review fo DAX30, NIKKEI and silver | 01 January 2016

NIKKEI

Monthly: it is clear that the next bar will be used by bears to set a new Low within the framework of the downward swing. The question is only ability is to reverse the trend down (for which they need to break through the last bottom 16883, see the black arrow). An alternative would be January consolidation between the last bottom and top o (16883\20028, see the red arrow).

 Weekly review fo DAX30,  NIKKEI and silver

Weekly: inside bar at the end of the downward swing. Therefore, growth and further drop are equally probable scenarios.

 Weekly review fo DAX30,  NIKKEI and silver

Daily: similar situation. On lowering of peaks bears could not shift the new bottom down. So, situation can develop in both directions.

 Weekly review fo DAX30,  NIKKEI and silver

Expectations:

1) Growth to 19880 (on growth above 19100)

2) Drop to 17685 (on break below 18502)

Solutions

1) Purchases aimed at breakdown of 19100 of 19880

2) Sales aimed at breakdown of 18502 to 17685

DAX30

Monthly: German Index follows NIKKEI. Bears will work to finish the downward swing and try to attack the last bottom (9301.5, see the black arrow). Red arrows indicate the scenario, under which bulls will hold control and not lose the support of 9301.5.

 Weekly review fo DAX30,  NIKKEI and silver

Weekly: remember about bearish pattern Over&Under from 11066, where right now the movement is directed. This week was closed with bullish IB. Therefore, scenario of drop will need the next week to be closed by a false breakdown IB (see the black arrow)

 Weekly review fo DAX30,  NIKKEI and silver

Daily: the same situation. We are waiting for finalization of 11066.0 and then drop.

 Weekly review fo DAX30,  NIKKEI and silver

Expectations: rise to 11066.0 and then drop to the direction of 10118.2 and 9885.8

solutions: sell from 11066.0 к 9885.8 with Stop orders set above 11449.0

Silver

Monthly: the downward trend starting an upward rollback. We can discuss reversal only if the price gets above 18.67 (last peak of swing)

 Weekly review fo DAX30,  NIKKEI and silver

Weekly: as we see, the scenario with expanding flat is relevant, which had been discussed by us in the last two weekly reviews.

 Weekly review fo DAX30,  NIKKEI and silver

daily: detailized expanding flat. On break of the last top (14.64) we can expect surge of the price to 15.28-15.42, from where silver could fall to 13.63 once again.

Weekly review fo DAX30,  NIKKEI and silver

Expectations:

1) On break of resistance 14.64 - rise to 15.28-15.42 and then drop to 13.63

2) On failure to break 14.64 - just decline to 13.63

solutions:

1)We shall be waiting for sell signals around 14.64 and 15.42.

2) On break above 14.64 we can buy to 15.28.

Aleksey Panasenko
FreshForex Analyst
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