FreshForex - Analytics

    FreshForex

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    Weekly Review. S&P500, Brent, Gold

    S&P500

    Monthly: the index approaching strong support 1881.4 (the bottom Bollinger band), which, with high probability, will lead to a rebound toward the middle band (2029.8)

     

    Weekly: ADX is only gaining momentum, so we are still based on the same scenarip (upward bounce from the area ​​1881.4)

     

     

    The daily chart: a similar picture.

     

     

    Expectations: drop to 1881.4 and then rebound to 2029.8

     

    solutions: purchase from 1881.4 to 2029.8

     

    Brent

     

    Monthly: sensational drop of the bottom Bollinger band for more than $4! The medium-term goal at the moment is 20.60! And it seems that we will see this goal as early as the beginning of spring

     

     

    Weekly: ADX is gaining momentum, so it is almost guaranteed that oil prices will fall.

     

     

    The daily chart: the oscillator shows signs of convergence, but we understand that the downward trend is not caused by technical factors, there is no reason to think that such a simple bullish signal can stop bears.

     

     

    Expectations: So, we wait for continuation of decline in the medium-term goal towards 20.60. This week may the price may test the mark 30 US dollars per barrel.

     

    Trading solutions: we shall sell 30 and in the medium-term to 20.60.

     

    Gold

     

    Monthly: technical correction in the direction of the middle Bollinger band (1183.65)

     

     

    Weekly: local resistance 1112.61 (the middle Bollinger band), but attack of buyers is impressive, so we can expect the move to 1183.65 (the upper band)

     

     

    The daily chart: the upper Bollinger envelope is broken, so resistance 1112.61 is unlikely to deter bulls. The best possible area for purchases - 1073.54 (the middle band).

     

     

    Expectations: So, we wait for touch of 1073.54 zone, and then rise to 1183.65

     

    solutions: purchases from 1073.54 to 1183.65

     

    S&P500

     

    Monthly: the index approaching strong support 1881.4 (the bottom Bollinger band), which, with high probability, will lead to a rebound toward the middle band (2029.8)

     

     

    Weekly: ADX is only gaining momentum, so we are still based on the same scenarip (upward bounce from the area ​​1881.4)

     

     

    The daily chart: a similar picture.

     

     

    Expectations: drop to 1881.4 and then rebound to 2029.8

     

    solutions: purchase from 1881.4 to 2029.8

     

    Brent

     

    Monthly: sensational drop of the bottom Bollinger band for more than $4! The medium-term goal at the moment is 20.60! And it seems that we will see this goal as early as the beginning of spring

     

     

    Weekly: ADX is gaining momentum, so it is almost guaranteed that oil prices will fall.

     

     

    The daily chart: the oscillator shows signs of convergence, but we understand that the downward trend is not caused by technical factors, there is no reason to think that such a simple bullish signal can stop bears.

     

     

    Expectations: So, we wait for continuation of decline in the medium-term goal towards 20.60. This week may the price may test the mark 30 US dollars per barrel.

     

    Trading solutions: we shall sell 30 and in the medium-term to 20.60.

     

    Gold

     

    Monthly: technical correction in the direction of the middle Bollinger band (1183.65)

     

     

    Weekly: local resistance 1112.61 (the middle Bollinger band), but attack of buyers is impressive, so we can expect the move to 1183.65 (the upper band)

     

     

    The daily chart: the upper Bollinger envelope is broken, so resistance 1112.61 is unlikely to deter bulls. The best possible area for purchases - 1073.54 (the middle band).

     

     

    Expectations: So, we wait for touch of 1073.54 zone, and then rise to 1183.65

     

    solutions: purchases from 1073.54 to 1183.65


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