As we advised yesterday, market fell below (1.1345) where managed to sustain drop toward support zone (1.1270-85) >
as we see over the chart, as long as market holding above 1.1260 the chance for the uptrend wave will sustain toward (1.4195)
below (1.1260) this may consider a break for (double top formation) where market may activate more drop to test support (1.1235) where below this support market downtrend wave may start toward (1.1150) and (1.1050-70) zone
As we see over our previous chart, managed to head for drop correction as we expected toward (1.4300-20) zone
as long as market holding above this support zone another bull wave will be expected toward (1.4450-60)
below (1.4240) market will lose strength that may drive market back toward (1.4100) zone
above (1.4460) market may head to attack resistance (1.4515)
As we see over our previous chart (old model still running), so far USDJPY still holding trades inside our expected zone between (107.70 - 110.05)
as long as market holding above (107.70) will expect another rebound correction toward 110.05 before market resume drop wave toward (106.60)
if market managed to break below (107.60-70) before testing (110.05) in this scenario market may head to test (106.60) and (105.20) zone
above (111.00) market may enter new uptrend wave that may target (113.00) zone
Oil 6M - New Contract
Oil broke above (42.40-43.50) resistance zone which placed Oil on uptrend rally as US Oil output drop.
market now facing first support at (42.40-90) where as long as market holding above the uptrend rally will sustain toward (45.20) and (48.35)
below (42.40) market may add more drop correction before resume the uptrend wave as we see over the chart
So far Gold still moving along side with our expectation where market held trading zone between (1240 - 1263) .
we will expect another drop correction toward (1245-50) zone before market resume uptrend to break above 1263 and head to test (1275) or (1283)
below 1240 market my back to test the old support zone again (1220-25)
As we mentioned yesterday, the Intraday trading levels suggest that Dow may hit trading zone as we see over our previous chart
market facing support at (17960) where as long as market holding above we will expect farther advance to test (18175) which market managed to hit yesterday .
below (17960) market may head for farther drop correction where next support at (17775), while as long as market holding above this support (17775) will expect another rebound from it toward (17960)