Weekly Review. NIKKEI, Silver, DAX | 18 September 2015

NIKKEI

Montlhy chart: quotes in September are still within the range of August and there are reason for the IB's formation. Such bar would help bulls.

Weekly Review. NIKKEI, Silver, DAX

Week chart: unsuccessful attempt to break down significant inside bar, which allows you to rely on formation of rolling swing up prior to the main phase of decline.

Weekly Review. NIKKEI, Silver, DAX

The daily chart: based on to lowering of tops and rised bottoms, we expect that accumulation will continue.

Weekly Review. NIKKEI, Silver, DA

Expectations:

1) accumulation between 17382 and 18747

Trade solutions:

1) purchase above 17382 and sales below 18747. We need additional signals for entry.

DAX30

Monthly chart: Formation of the monthly IB is possible.

Weekly Review. NIKKEI, Silver, DAX

Weekly chart: as part of formation of the downward swing, we have a false breakdown up of the inside bar. This could signal about continuation of decline.

Weekly Review. NIKKEI, Silver, DAX

The daily chart: a local attempt to break up. Bulls may increase the effect, if manage to hold support 9925.7 (red area). If bears break through this level, the index will fall into zone of the last bottom 9329.6

Weekly Review. NIKKEI, Silver, DAX

Expectations:

1) With break below 9925.7 - decline to 9329.6.

2) Upon failure to break below 9925.7 - growth is possible to 10800.0

Trade solutions:

1) Sales to 9329.6

2) Pending Buy in anticipation of breaking 10528.7 with the target 10800.0

Silver

Monthly chart: top-down structure searching for the bottom. But it can be even lower with decrease in quotations of gold.

Weekly Review. NIKKEI, Silver, DAX

Weekly chart: to reverse the structure up, bulls need to break down the resistance 15.61, which would lead to formation of the pattern Over & Under ( trajectory described by the blue arrow. To enter into such a move, we would need a pullback down in the zone 14.36) . Otherwise, the downward trend will continue.

Weekly Review. NIKKEI, Silver, DAX

The daily chart: as we see, a prerequisite for reversal up could become a break above 15.00, where two protective resistance are concentrated

Weekly Review. NIKKEI, Silver, DAX

Expectations:

1)Upon break above 15.00 - a further growth to 16.00

2) Upon a failure to break above 15.00 - decline to 14.00.

Aleksey Panasenko
FreshForex Analyst
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