Weekly Review. NIKKEI, DAX, Silver | 11 September 2015

NIKKEI

Monthly chart: the downward swing has been formed, but signs of its end are not here yet. Therefore, we expect beginning of a possible deepening of the upward swing. The best possible depth of this decline is the pivot 16463 (the last Top). From there you can expect formation of Long signals.

Weekly Review. NIKKEI, DAX, Silver

Weekly chart: as we see, bulls have lost a tremendous opportunity to leap up (impressive pinbar). Bears responded by a brutal inside bar that looks like a death sentence. Any pullback can be expected only from the area of ​​16531, which is an essential pivot area.

Weekly Review. NIKKEI, DAX, Silver

Daily chart: an active development of the downward swing aiming to break down the last bottom (17173)

Weekly Review. NIKKEI, DAX, Silver

Scenarios: breakdown under 17173 and decline to 16531.

Trading solutions:

1) to sell to 16531

2)In the area of ​​16531 is very possible to have a buy signal and formation of a local rollback up.

DAX30

Monthly chart: similar picture with Nikkei - the phase of the downward swing with no signs of stopping. The overall ascending structure is not under threat. Support 8350.3 protects the ascending nature of the chart.

Weekly Review. NIKKEI, DAX, Silver

Weekly chart: a perfect downward structure (consistent drop of the high/ low). A safe entrance into this movement is possible only after the upward swing. This option can not be excluded and direct reduction, as Week was closed inner bar, which is a promising trade setups (red arrow).

Weekly Review. NIKKEI, DAX, Silver

Daily chart: a great opportunity for sales - a local double top. Only sales. The goal - a breakthrough under support 9329.6 and focus on 8350.3

Weekly Review. NIKKEI, DAX, Silver

Scenarios: drop from current levels by 9329.6 and focus on 8350.3

Trading solutions:

1) Sales in the framework of the current downward swing to 9000.0

Silver

Monthly chart: it is clear that further decline of the price of silver is getting more difficult, but this trend is not broken, bears have confirmed the new Low. Signs of reversal will be relevant only if the price above 18.48. In the meantime, you can search for entries on the bottom part of the upward swing.

Weekly Review. NIKKEI, DAX, Silver

Weekly chart: we also have a downward structure. Chance of bulls for reversal is a break above 15.61 and formation of reversal pattern Over & Under (marked by the blue arrow ).

Weekly Review. NIKKEI, DAX, Silver

Daily chart: we have received another signal of decline - pinbar at the end of the upward swing. Sell ​​based on the new low (under support 13.96).

Weekly Review. NIKKEI, DAX, Silver

Scenarios: drop from current levels under 13.96

Trading solutions:

1) We sell from the market to target 13.50.

Aleksey Panasenko
FreshForex Analyst
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