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14.03.2023 07:36 AM
DAX, D1 | Trend line breakout

Price has broken an ascending trend line suggesting we might see a big bearish move. There's also a strong bearish divergence vs Stochastic lending more confidence to our bearish call. However, there is a big overlap support at 14877 which is also a 23.6% Fibonacci retracement that needs to be broken to trigger a drop.

Take note that there is a strong Ichimoku cloud that price needs to cross below too to trigger the big drop.

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Dean Leo,
Analytical expert of InstaForex
© 2007-2023
USDJPY, H4| Falling to 1st support?r?
The USD/JPY is currently showing a bearish trend. In the near term, the price could potentially continue to fall towards the first support level at 137.75, known as an overlap support. There's also a second support level at 136.25. Conversely, resistance levels are set at 139.40, which aligns with.
Author: Dean Leo
01:35 2023-05-26 UTC--4
1525
XAUUSD, H4 | Potential react off resistance?
The XAU/USD (Gold) is currently displaying bullish momentum with potential for a rise from the first support level at 1937.30 towards the first resistance at 1952.59. Two key support levels are identified as 1937.30 and 1913.98, both serving as overlap support. The resistance levels are at 1952.59,.
Author: Dean Leo
01:31 2023-05-26 UTC--4
1675
USDCHF, H4 | Bullish Divergence Expected?
The USD/CHF pair is currently in a bearish trend but is above a key upward trend line, indicating possible future bullish momentum. Near-term predictions anticipate a further drop to the first support level at 0.9005 before potentially bouncing back towards the first resistance. This support level.
Author: Dean Leo
01:26 2023-05-26 UTC--4
1465
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