Key observations of Wilmar: Price rebounded from 6-year support twice in 2017. Printed new 52-week highs in 2016 and 2017. Last week bullish expansion over last 6 weeks of 2017.
USDCAD offers 5 price elements that strongly agree with each other. Combined, they offer a compelling high probability trade setup waiting for confirmation.
Based on 5 simple technical analysis concepts, these two DXY weekly charts from mid-2014 to present show a Dollar Index that terminated previous uptrend.
There is a a big 300-pip space below the current EURUSD price pattern until the next most-looked-for potential support. This might or might not happen but could be really rewarding for EURUSD shorts if it does.
SATS prints bearish elements with a head and shoulders reversal pattern, staying in the red after nearly 3 quarters and printing a new low for the year in August.
If S&P500 continues to weaken, Real Estate (XLRE) could be next sector to tip into red. Chart pattern shows a bearish divergence and rising wedge that signals potential reversal.
XAUUSD is setting up a potential breakout if this triangle formation is valid. Gold bulls’ wait could be over soon in this sequence 1. break trend line 2. break strong resistance 3. new high.