XAG/USD



CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 18.25


SUPPORT LEVELS : 16.7



PAIR ANALYSIS :




The XAG/USD commodity analysis indicate that the W1 chart have shown a bullish trend as indicated in fig 2 (Bearish channel in fig 1). The linear regression slope and the Parabolic Sar distribution could suggest the bearish retracement.
The objective could be indicated in the 16.03 support zone. In this scale the Volume analysis shows a no positive derivative. So technically also the chart analysis in fig 2 suggest a bearish opportunity around the resistance line with a possibility a sell lim trade around the 17.329 price level. A support for the bearish objective could also considered in view of the fundamental analysis which there is the possibility of a great NFP.




FIGURE 1 shows the tendency






BRENT



CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 58.877


SUPPORT LEVELS : 46.8329



PAIR ANALYSIS :


Brent W1 chart analysis have shown a bearish/trendless tendency as indicated in fig 2, the pair candle close around the middle Bollinger Band. In this TF the linear regression slope and the cycle seems to support with a greater probability of having a bullish retracement even if the market tendency should prefere the sellers.
This W1 analysis for that reasons suggest a trendless indication with W1 first objective around the 55.0122 zone. The W1 objective could integrate the SMA_100. A bearish objective in a W1 scale could be considered at the 46.602 price zone.
On a D1 scale the candle close between the SMA_200 and the SMA_100. In this context the trend is considered with a bullish rally. The objective for this tf could be indicated at the SMA_100 objective zone. In this scale the Volume analysis shows a no positive derivative and in value still lower than the December 2016 (reference system for a trendless/indecision indication). So technically also the D1 scale suggest a bearish analysis with a possibility of a bullish retracement.





FIGURE 1 shows the tendency






XAU/USD





CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 1369.983


SUPPORT LEVELS : 1200 - 1210.01


PAIR ANALYSIS :


XAU/USD commodity analysis indicated that the W1 chart have shown a bullish trend as indicated in fig 2 but with a possibility of retracement at the resistance line (Bearish trend Fig 1), the pair crossed bearish the SMA_14 that could support the bearish retracement.
The Fig 2 chart indicates that did not reached the High Bollinger Band and the SMA_100.
This W1 analysis for that reasons suggest the possibility of a bearish indication with W1 first objective around the 1180 zone.
The W1 objective could integrate the SMA_100 and the Fibonacci retracement line, fig 2. A second bearish objective in a W1 scale could be considered at the 1077 price zone.
Indications for a bullish retracement can be evaluated considering a Volume value around the December 2016 average, a positive behavior of the candle low and a turn of the MFI index (bullish crossing of the MFI value can be approximately indicated at 25-30).

Good trading



FIGURE 1 Trendlines






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