RESISTANCE LEVELS:
168,25 - 168,75
SUPPORT LEVELS:
160,90 - 161,40
155,75
148,7 - 149,20
EXPLANATION:
The Central Bank is trying to keep Rates at record low to stimulate the economy. How hard they will try this will never never work, there is always and end. Also to this! The Trend will change at some point!
It seems that this will not take a very long time before it will crash and the Trend will change. The signals are verry clear!
We are looking on a Weekly chart, this gives some room to look in a larger/ longer term perspective. What we see here is that we are moving in a WIG this means that the range is narrowing and the Price will make a hugh move 10 - 12 percent when the Trendline is broken. It is supported by the Indicators that show NEGATIVE divergence.
THE KEY LEVEL TO WATCH IS; 166. When this level breaks, then much lower prices can be expected. First move has some room to 149!
168,25 - 168,75
SUPPORT LEVELS:
160,90 - 161,40
155,75
148,7 - 149,20
EXPLANATION:
The Central Bank is trying to keep Rates at record low to stimulate the economy. How hard they will try this will never never work, there is always and end. Also to this! The Trend will change at some point!
It seems that this will not take a very long time before it will crash and the Trend will change. The signals are verry clear!
We are looking on a Weekly chart, this gives some room to look in a larger/ longer term perspective. What we see here is that we are moving in a WIG this means that the range is narrowing and the Price will make a hugh move 10 - 12 percent when the Trendline is broken. It is supported by the Indicators that show NEGATIVE divergence.
THE KEY LEVEL TO WATCH IS; 166. When this level breaks, then much lower prices can be expected. First move has some room to 149!