EUR/USD - Stalls near resistance at 137.88 and we now have a clear negative divergence on both the MACD- and my own indicator, which is a warning that the rise from 131.44 is about to exhaust it self. A break below 137.50 will be indication, that a top is in place for a decline to at least 135.50, but more likly even deeper.
S&P 500 - Stalls at resistance at 1,220.37, building divergence at the MACD-indicator and the break below the steep support-line all points towards exhaustion here too. I would look for a decline towards the 1,146 - 1,164 area as the first support
Gold - At a make it or break it point. We have seen a slight break above the falling resistance-line from the 1,920.30 high. The break is not yet convincing and a break back below 1,668 will deem it as a failuer break and call for a decline back towards support at 1,584, while a break above 1,692 will leave the upside open for attack with 1,775 as first target.
Crude oil - Isn't looking that strong at this point. The rise from 75 stallt near the falling trendline from 114.83 and we now see the MACD-indicator breaking below the zero line, which isn't the best set-up for a move higher... However we need a break below 84 to confirm, that a top is in place and a move down towards the 79 area is on.
EUR/USD - Stalls near resistance at 137.88 and we now have a clear negative divergence on both the MACD- and my own indicator, which is a warning that the rise from 131.44 is about to exhaust it self. A break below 137.50 will be indication, that a top is in place for a decline to at least 135.50, but more likly even deeper.
S&P 500 - Stalls at resistance at 1,220.37, building divergence at the MACD-indicator and the break below the steep support-line all points towards exhaustion here too. I would look for a decline towards the 1,146 - 1,164 area as the first support
Gold - At a make it or break it point. We have seen a slight break above the falling resistance-line from the 1,920.30 high. The break is not yet convincing and a break back below 1,668 will deem it as a failuer break and call for a decline back towards support at 1,584, while a break above 1,692 will leave the upside open for attack with 1,775 as first target.
Crude oil - Isn't looking that strong at this point. The rise from 75 stallt near the falling trendline from 114.83 and we now see the MACD-indicator breaking below the zero line, which isn't the best set-up for a move higher... However we need a break below 84 to confirm, that a top is in place and a move down towards the 79 area is on.
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