The Stock Exchanges are rather overperforming. The economic datas are not that good, but the market is expecting ECB President Draghi to release fresh money in the market. But there may be a reason to release the money in the market and thus this would only be possible when the market go to a severe correction otherwise, tax payer would not understand the reason...
As in the title there are 2 base scenarios for EUR/USD for few next weeks (Yeah I'm a wizard and I know it can go up or down :P ) Let's start with the short scenario Techs : Just simple plain Price Action.. new lows after new lows and then another new lows for 3 months ? Why would we try to catch falling knife.. Every support present on daily chart was...
When trading Indexes, it is always good to have a look on the volatility index and with Ichimoku, it is clear that the upside movement is very near. The indicators such as STOCH or RSI show that we are either at oversold level like STOCH or about to reach it with RSI. The Kumo Cloud shows a clear future turn in the trend. It means that when VIX is up, indexes...
MArket have anticipate an increase of the interest rate by FEd based on FOMC minutes and statements from some FED officials. Although statistics show that FED has achieved its 2% inflation target, the BOARD is not ready yet to increase the interest rate because of many reason and among them suistainable growth, unemployment rate etc. On the other hand, ECB with...
Traders, I will cut/paste a technical note and commentary just posted on the recent $EURUSD chart. In this present chart, an alternative count is illustrated, and the source of the information will come in the thread discussion - Let me know what you think, and feel free to comment if you are at all familiar with the T.S. Hennessy "New EW Wave Count"...
On a chartist analysis we can clearly see that there is a double top formation. The next days i.e Monday 26th will be a day that will clearly confirm the double top formation or not. Based on indicator, DOWI is already very high and a down side correction is again imminent. If there is a double top formation which I do consider for sometime now, therefore, the...
MArkets are waiting for the statements of Both FED's Chief Yellen and ECB President Draghi. There has been a move on the upside, but the market is still in a correction phase. Therefore when CAC40, DAX, DJI, SP500 will face the second correction phase GOLD will also face a correction but this time on the upside. This is a technical correction because the precious...
At the very moment, baring in mind of the timing, the economic outlook, CAC40 is facing a correction as forseen in my previous analysis. We are in a double top formation with the neckline at 4100 and after a pull back, we may be at around 4050-3900. Bellow that level, it would be a change of trend. But there is still cheap money in the market particularECB...
The ichimoku chart shows that DOWI will go a little bit on the upside, but indicators show that there isn't a lot of room left on the upside. Tenkan Kijun twist may occur inside the cloud wich would announce a soft upside. Having an eye on the Kumo cloud and particularly on the next days show that there is a twist and confirme a reversal, at least a correction...
Buy rumor and sell news. That is exactly what happened to EURUSD pair. One thought that FED would increase sometimes this year its interest rate because FED achieved already its target of 2% of inflation. The news is that they will not do it yet although the target seems to be achieved. From over reaction to over reaction, EUR has been too much weakened and the...
FED will not yet increase its interest rate. Geopolitical instability gossip in not being bought in the market. There is no reason to hedge Indexes, FOREX or any other product of the market, nor any reason to be on the inflation side yet even if FED will increase somehow its interest rate but not earlier then December 14. Therefore, the mechanical trend of GOLD...
In my previous analysis I have underlined that EUR would go on the upside to catch 1.375 for the last time before FED's and ECB intervention on the market. FED will increase at certain point its interest rate, whereas ECB will spread a lot of cheap money in the market. Therefore, above 1.38 doesn't look sustainable for the market. However, FED will release some...
Gold has been making some little upward move but the general trend is still the same and nothing has changed. If you compare the highest price with the oversold level of STOCH in the past 6 month, you will clearly see that Oversold level was at 1390 and it is now at 1325. Having said that GOld will rise for sure but not a macro economic environment where there...
As forseen since Mid June, CAC40 is in a correction process. There is no breaking news in the market, and the summer sell-off continues. Therefore, the correction process may continue until 4100, bellow that leval and in particlar bellow 3850 it is rather a consolidation and a clear reversal of trend rather then a correction. If this happen, ECB would intervene...
The ECB monetary policy press conference is almost here. I believe that Draghi will use this opportunity to push the Euro lower. The inflation rate doesn't look good at all. I believe that he will say nothing in the first part of his speech, creating some volatility and drag the euro down in his second part (or so I hope :) ). From the technical perspective the...
We saw that the uptrend from the end of 2013 got destroyed just by one sentence: "We are going to manage the strenght of the Euro against the Dollar in June." The market got in a really overextended selling rally. Additional to that "market panic" positive US ecenomy values got released and Ukraine crisis destroyed stocks and indices of the european countries....
It looks like everyone is trying to pick the bottom on EUR/USD in last few days, is there any chance that last week lows at 1,336 level will work as an bottom for few next weeks ? Just to clarify I'm bearish on EUR/USD in Longer term but we really might be starting an corection phase here and now. Techs : * 1,335 - 1,34 Level is an Huge demand zone at daily and...
EURGBP has been trading within a bullish channel since March this year and on Friday closed significantly outside of it, the pair is also trading above the 20MA, which has provided strong resistance while in the channel. Thursday is obviously the date this week everyone is looking to is both the ECB and BOE rate decisions.