Brent crude oil broke past 80.46 cloud chart resistance!

Brent crude oil broke past 80.46 cloud chart resistance!

Brent crude broke past a key cloud chart resistance zone on the weekly cloud chart. Now we need to see a follow through of this move!

Consolidation risk remain in place now with front end cloud support zone of 78.79!
Looking out for support to hold at these levels, fail that , expect consolidation back down to top end cloud support zone!

Xetra Dax: Hit the 12463 resistance zone!

Xetra Dax: Hit the 12463 resistance zone! Consolidation risk remain high as the Dax had a good rally up to this key cloud chart resistance zone! Downside risk to top end cloud chart support zone on the 60m chart!

FTSE: Fighting resistance at 7505 resistance zone!

FTSE: Fighting resistance at 7505 resistance zone!
Consolidation risk remain high here as the FTSE is fighting hard to get past the 7505 key cloud chart resistance zone!

GBPUSD: Sterling rebounded from support at top end of the cloud!

GBPUSD: Sterling fighting for support at top end of the cloud level! So far so good, GBPUSD rebounded from top end cloud support level at 1.30!

GBPUSD rebounded from old support levels of 1.27, to hit old cloud resistance around the 1.32 zone!

Question now is will the top end cloud support hold in this current rally!

So far GBPUSD is testing top end cloud chart support at 1.30 on 4 hour chart.
GBP is up 312 points since the rebound from cloud support signal.

Xetra Dax 30 Index: Rebounded from support, now at key resistance zone!

Xetra Dax 30 Index: Rebounded from support, now at key resistance zone!

Dax rebounded from a key cloud chart support zone at 11868. Index is now fighting cloud chart resistance at bottom end of the cloud at 12463. (Major resistance zone)

Index is up 520 points since the rebound from support! Now looking for a breakout or reversal at these resistance levels!

FTSE100: Rebounded from support but not out the woods!

FTSE100: Rebounded from support but not out the woods!

FTSE100 rebounded from a key support zone at 7221! After a quick relief rally, the index is now close to the 7505 key cloud chart resistance zone!
Looking to see if there will be a breakout past cloud chart resistance or a reversal! Price action is below the cloud and this is overall negative.

Index is up 250+ points since the rebound from support!

VIX Index getting closer to attractive levels!

VIX Index getting closer to attractive levels! 10/11 level seems to be a new support zone. In view of market risk factors its unlikely that we will get back down to the  8/9 levels again!

In view of market risk factors its unlikely that we will get back down to the  8/9 levels again! Watching this space for a volatility spike! Time to nibble!

DJI: New high, need to see a follow through next!

DJI: Dow Jones 30 Index made a new high at 26697, we now need to see a follow through next at its breaking past old high resistance.

Consolidation risk remain high at these levels.

DJI had a good really from cloud chart support levels of 24200, and then another rebound from top end cloud support at 24969.

DAX30 Index broke past cloud chart resistance on 1H chart!

DAX30 Index broke past cloud chart resistance on 1H chart! Now testing old resistance of 12186!

Index is up 172 points since the cloud chart weak buy signal below the cloud! Now fighting resistance, expect consolidation above the cloud, and a potential rebound from cloud support zone at 12068!

On the daily chart the index is now testing resistance at 12186 old cloud chart support level.
12068 is a major support zone for the DAX and potential rebound zone for a trade back up the bottom end of the cloud chart resistance zone!

FTSE100: Fighting cloud chart resistance on 1H chart!

FTSE100: Fighting cloud chart resistance on the 1H chart! Key levels of support on hourly chart are 7272/7259! Potential rebound zone if support comes in at cloud chart support levels!

On the daily chart, FTSE100 is fighting hard to regain support above the 7300 zone!
If support comes in we can see relief rally back up to the 7385/7443 resistance zone!

Since price action is below the cloud the overall trend is down! That's the risk!

G10FX Review 17th September 2018

Bitcoin: BTCUSD still locked in a downtrend with 5800 P&F chart target!

Bitcoin: BTCUSD still locked in a downtrend with 5800 P&F chart target! BTC hit loads of downside targets since the P&F chart sell signal at 19000!

From a cloud chart perspective, BTC is still stuck below the cloud, with the top end of the cloud as a major resistance zone!

Downside support levels are 5735/5414!

GBPUSD: Fighting resistance at bottom end of the cloud!

GBPUSD: Fighting resistance at bottom end of the cloud! Looking for a breakout past cloud resistance here. If resistance holds, then we can see a reversal from this resistance zone! It is at a critical zone for the next breakout/breakdown move! Watching for that cloud cross to come!

Nasdaq-100: Getting closer to top cloud support zone!

Nasdaq-100: Getting closer to top cloud support zone at 7369, with the bottom end cloud level of 7320 as the next support zone.

Could see a rebound around these levels!

Nasdaq equal weighted index is already testing for support at top end cloud chart level.
Bottom cloud chart levels of 3749 and 3728 are major support zones to watch for potential rebound.

G10FX 11th September 2018 Cloud Chart Review

S&P500: SPX Index ripe for a consolidation!

S&P500 index SPX is ripe for a consolidation of recent gains. Front end of the cloud is a key support level to watch, but overall price action remains above the cloud, and this is overall very bullish.

Level to watch on weekly chart for consolidation support : 2806!

Xetra Dax: Getting closer to key support zone:11868!

Xetra Dax: Getting closer to key support zone:11868, old lows and cloud chart support levels. 

Next key level to watch is bottom end of the cloud support level or 11567!

Price action taking place below the cloud , this is negative, but looking for short-term relief rallies from key support levels!

FTSE100: Still fighting for support at key levels!

FTSE100: Still fighting for support at key levels!

Old cloud support levels that can come in as a key support zone for the FTSE100: 7302 to next cloud support zone: 7213!

Resistance now remain bottom end of the cloud resistance zones of 7546/7638

Looking for a rebound trade at key support zones!

Weekly cloud chart support levels are 7213/7137 with resistance at 7386!

Looking for a rebound at key cloud chart support zones!

Trend remain down for now since price action is taking place below the cloud chart level!

BTCUSD: Bitcoin Having a hard time to get past cloud chart resistance!

BTCUSD: Bitcoin having a hard time to get past cloud chart resistance! It is now fighting for support at bottom cloud chart support zone!
Since price action is below the cloud it remains in overall bear market/downtrend mode.

Old support lows of 5735 and 6427 can provide short term relief rallies to swing trade. But the risk to the downside remains in place since price action is below the cloud!

XRP Ripple: Still locked in a downtrend towards 0.24 support zone!

XRP Ripple: Still locked in a downtrend towards 0.24 support zone!

Old low of 0.24 is a key target in current downtrend. Price action is below the cloud, that confirms the downtrend. XRP is down by 61% since the secondary cloud chart sell signal at 0.71!

Xetra Dax: DAX Heading towards key support zone!

Xetra Dax: DAX Heading towards key support zone around 11868, after losing support at old cloud chart support level of 12068!

If support comes back into the market at these levels, could see a rebound at the 11868 zone!

Price action is below the cloud and that is overall negative.

FTSE100: Heading towards key cloud chart support zone!

FTSE100: Heading towards key cloud chart support zone at top end of weekly cloud chart level of : 7328 support zone! Rebound potential around those levels if support holds.

NYSE FANG+TM Fang stocks in trouble!

NYSE FANG+TM Fang stocks in trouble as it lost support at bottom end of the cloud, sliced past cloud chart support, and is now below the cloud. Price action below the cloud is overall negative!

Need to see the FANG index regain support at cloud level, if not the downtrend that the front part of the cloud indicates, remains in place.

FTSE100: Getting closer to key cloud chart support zone!

FTSE100: Getting closer to key cloud chart support zone!

Old cloud chart levels of 7432/7385 are key support zones for a potential rebound! BUT overall price action is still bellow the cloud, and this confirms the current downtrend.

Short term trades possible as it swing back up to bottom end of the cloud after rebounding for key cloud chart support levels.