GOLD (XAU / USD) Technical Analysis: break through key levels of the final price in the near future
The price of a weekly schedule It stored in the primary multidirectional downward trend, moving in the channel between 1162.71 support level and resistance level of 1232.41.
‘Rev’ line Senkou Span A Ichimoku cloud borders
as a virtual boundary between the primary bearish and bullish primary
trends in the price chart is above the price and close to her, making a U-turn on the primary trend upward quite likely in the coming weeks.
‘Probojnaja’ Chinkou Span line It is located so close to the price that is likely possible to predict a sharp and rapid penetration of the final price of the key levels of support and
resistance when the price moves in either direction:
to break the key resistance levels (e.g. 1232.41) with a sharp upward movement rates,
The indicator determines the appearance on the chart bars, signaling a reversal of the current local sentiment, and notifies the audio signal. He also paints the bars are aligned with bovine and / or bear a priority.
The user can select the color of the paint bullish and bearish sentiment.
Sound_Play – flag to allow the sound notification.
Detection of reversal bar may serve as a signal to the respective trading activities.
The indicator can be used for manual or automatic trading advisor in the composition. For automated trading using the testimony of any type double buffer indicator: 0, 1, 2 or 3. The values must not be zero!
EUR / USD: the pair decline was too fast and strong, so before resuming the downtrend towards $ 1.0808 and $ 1.0867-47 we are waiting for test $ 1.11 area. A drop below $ 1.1004 will cancel this short term bullish scenario;
USD / JPY: an attempt to break through the mounts above the flat top of the daily Ishimoku failed. Attention now switches to the nearest dynamic support Y120.11- Y119.83, as well as the October minimum Y118.07. Return above Y121.11 somewhat reduce the selling pressure, but not much;
EUR / JPY: yesterday the pair quickly tested the support area just above Y133 and corrected figures above. Today, however, the bears are trying to develop offensive and if the support area Y132- Y133 can not stand, the pair could collapse to our medium-term target of about Y126;
S P 500: long-term technical picture remains favorable for the bulls, but in the short-term index is quite overbought and it would be nice to be adjusted. Buy on dips.
The indicator detects and displays the graph M. Gartley pattern “Butterfly.” Allocation pattern is produced on the tops of ZigZag indicator (included in the resources, does not require installation dopopnitelnoy). At the time of pattern recognition message is displayed in a popup window, sends alerts to a mobile device and an electronic mailbox. Scheme wave pattern and parameters shown in the screenshot. Settings in the default display is the demonstration to increase the number of recognized figures.