Weekly review: DAX30, silver and NIKKEI | 29 January 2016

NIKKEI

Monthly: beginning of a downward structure was laid, now it is the time of bears to act

 Weekly review: DAX30, silver and NIKKEI

Weekly: there is a probability of the rising swing towards stronger pivot zone of 18898-19092, where we can search for short signals a new downward swing.

 Weekly review: DAX30, silver and NIKKEI

Daily: similar picture. A new up-swing against pin looks unfinished, a local potential is great.

 Weekly review: DAX30, silver and NIKKEI

Expectations: growth in the direction of 18898.

solutions: Buy to 18989

DAX30

Monthly: the last bottom was broken, so that the structure looks broken, and the downward swing looks not exhausted.

Weekly review: DAX30, silver and NIKKEI 

Weekly: a local bearish Over&Under from 11066.0

 Weekly review: DAX30, silver and NIKKEI

Daily: as we see, break of the local peak 10169.0 will form a local bullish O&U. So meanwhile we are based on the fact that descending structure will be preserved (see the red arrow)

 Weekly review: DAX30, silver and NIKKEI

Expectations:

1) On a failure to pass above 10169.0 - decline to 9200.0

2) On a break above 10169.0 - growth in the direction of11066.0

solutions:

1)Under the first scenario - sales to 9200.00 with a stop at 10169.0 

2) Under the second scenario - the purchases aimed at breakdown 10169.0 to 11066.0

Silver

Monthly: if January IB is clised, we will have one more sign of start of the upward swing.

Weekly review: DAX30, silver and NIKKEI 

Weekly: clamped swing also convey consolidation of the market. Bulls will benefit if the market breaks above the last local peak (14.42, see the Black arrow), whereas bears need to protect this area (see the red arrow).

 Weekly review: DAX30, silver and NIKKEI

Daily: descending structure is preserved here. It will consolidate in the case of withdrawal under the last support 13.73.

 Weekly review: DAX30, silver and NIKKEI

Expectations:

1) Decline from current levels to 13.76-13.82 and consolidation

2) On growth above 14.33 - the same consolidation of the market; but it will denoted in February.

solutions: we expect formation of the January's bar

Aleksey Panasenko
FreshForex Analyst
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