Weekly review for DAX30, silver and NIKKEI | 08 January 2016

NIKKEI

Monthly: we expect finishing drawing of the downward swing, and hence a new local Low. This will be an opportunity for a breakthrough under the last bottom (16883)

 Weekly review for DAX30, silver and NIKKEI

Weekly: the upward swing lacks another upward intersection (see the red arrow), but decline can go without such a maneuver, as a false upward breakdown of the inside bar was obtained and this means the southern karma.

 Weekly review for DAX30, silver and NIKKEI

daily: clamping of swings without breakthroughs into new extremes - it makes sense to wait for the full upward swing to sell on its top.

Weekly review for DAX30, silver and NIKKEI 

Expectations:

1) growth to 18198 followed by drop to 16883

2) Direct decline to 16883

solutions: sales to 16883.

DAX30

Monthly: we are waiting when the downward swing will be finished and then break of the last bottom (9301.5)

 Weekly review for DAX30, silver and NIKKEI

Weekly: an unimplemented pattern  O&U from 11066.00. But there is also a false breakdown of the IB. Therefore, drop both from current levels and from 11066.0. are equally probable.

 Weekly review for DAX30, silver and NIKKEI

daily: locally produced first upward intersection, that just leaves bulls a chance to finalize 11066.0

 Weekly review for DAX30, silver and NIKKEI

Expectations:

1)growth to 11066.0 followed by drop to 9885.8

2) Direct decline to 9885.8

solutions:

Silver

Monthly: continued downward trend with no signs of reversal.

 Weekly review for DAX30, silver and NIKKEI

Weekly: Bears did not allow expanding the flat to form, so we just notice the downward movement which you are better to enter after a rising swing.

 Weekly review for DAX30, silver and NIKKEI

daily: Inside Bar on elevated tops is the chance for buyers.

 Weekly review for DAX30, silver and NIKKEI

Expectations:

1) An upward rollback to 14.20 followed by drop to 13.50

2) Direct decline to 13.50

Aleksey Panasenko
FreshForex Analyst
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