Bermaui Analysis - page 17

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Muhammad Elbermawi
9010
Muhammad Elbermawi  

USA Unemployment rate 3.7%, 48 year low.

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Muhammad Elbermawi
9010
Muhammad Elbermawi  

When candles get outside of the 2 x Standard Deviation Channel, then there is 95% probability that it will revert to the mean.

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TDO

Muhammad Elbermawi
9010
Muhammad Elbermawi  

Dow Jones 30 broke to the down side. Next target is 25,000.

TDO


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Muhammad Elbermawi
9010
Muhammad Elbermawi  

I like the idea of this chart by Thom McClellan.
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Dow found support at:
1// Symmetrical Triangle Apex.
2// 200 SMA.
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But I think momentum is weak, as it diverge with  price candles.

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TDO

Muhammad Elbermawi
9010
Muhammad Elbermawi  
  • DAX Head and Shoulder formation.
  • 10500 is target, then 1000.
  • Negative momentum.

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TDO

Muhammad Elbermawi
9010
Muhammad Elbermawi  

If Dow Jones continue its fall then it might visit 24,000.

True Direction Oscillator

Muhammad Elbermawi
9010
Muhammad Elbermawi  

- Gold main trend is bearish since April 2018.
- Volatility is very strong to the downside.
- Gold secondary trend is bullish.
- I expect that Gold will retrace to the downside in the next few weeks.
- First target is $1200, then $1180 respectively.

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Bermaui

Muhammad Elbermawi
9010
Muhammad Elbermawi  

Since January 2018 the NZDJPY move under a steep downtrend.
A strong support area appears arround 72 yen.
Momentum divergence warn that current downside trend is near its end.


Muhammad Elbermawi
9010
Muhammad Elbermawi  
It seems to be early to talk about reversal, but I think it might happen and the Dow Jones might return back again to 26,000.
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My reasons:
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1// Long term trend is side way.
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2// A Falling Wedge pattern waiting for break out.
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3// Support near round number 24,500.
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Muhammad Elbermawi
9010
Muhammad Elbermawi  

USDCNH move inside a Rising Wedge waiting for a breakout.

If USDCNH break to the upside then it might reach to a new all time high.

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