GOLD is still as predicted in the down side. 1380-1370 wa a good entry point for short. At this stage the precious metal may go up on a short term basis for a correction but the confirmed trend s still on the downside until 1180 or even bellow. Unlessthere is clear signals that inflation will raise which is not the case at all, Gold may stabilize at around 1180...
Taking Points – Technical Strategy: Long@.8380 – Trendline Broken On Daily Chart – Price traded in corrective channel for wave c of b. – Candlestick Pattern: Morning Star The trade on Nzd-Usd is still valid, as it’s hold .8300 level. This is just correction on wave b, price traded in corrective channel and expected bounce from current level. 8300 is...
Euro is in a difficult position and ECB President is not helping the common currency at all. Although ECB said that above 1.41, EU is loosing its competitiveness, with the current situation in the commodities market, I don't think that a cheap Euro would help in any way Europe and deserve better the European economy. THIS IS A 1 MONTH SCALE CHART !!!! On the...
Chart Update: I did change my template a little bit. I did draw in the Main Pivot and adjust the Fibonacci Tool. Timeframe is 57 Min. Status: Waiting for a pullback. Regards. MacMorris
Chart Update: I did change my template a little bit. I did draw in the Main Pivot and adjust the Fibonacci Tool. Timeframe is 376 Min. I did draw some New Structure Lows from left site in to see were the price could be going. Status: Waiting for a pullback. Regards. MacMorris
We are very right side of the market, pair broken down the bearish channel. In idea case, stop loss can be moved up bit, but we are not changing our initial plan and stick to 8300 stop loss level, and same for target.
Intraday Analysis Overview Taking Points - Technical Strategy: Long@.8380 - Trendline Broken On Daily Chart - Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend. On elliottwave, we are able to count five waves down on NZDUSD and considerable we will be in wave 2 / wave B. Price brokendown...
Actually European economy is not at its brightest situation. If it was the case, ECB President Draghi would claim that ECB was ready to launch a european QE. With th end of US QE3, the tappering, a possible increase of interest rate by US even though THIS WILL NOT OCCUR before 1Q15 at the earliest, a possible deflation in Europe, There is nothing yet to fuel the...
Since Early 2014, USDJPY was trading in a range and there was plenty of easy money to do. Basically, you were selling at 103.5 and buying at around 101.5 Since January, there was a falling wedge formation and normaly it was a little bit early to break it, but because of the gossip in the market, the falling wedge break on the upside. Therefore, we do have a new...
VIX is turning its trend to a long position. The upside of VIX is not a technical correction but rather an initial sign of a trend on the upside. Generaly when DOWI is UP VIX is down and when VIX is up DOWI is down. whereas when both of them are on the upside, it is a clear sign of a reversal. Therefore one can estimate that DOWI will go on the upside first...
Buy Rumor sell news says to good adage of trading. Of course the hypothesis is the the rumor should be a correc one. Know market bought a rumor that doesn't look like an accurate one. Remember that the rumor was that FED would increase this year its interest rate because of the inflation target that FED has supposed to reach. But FED will not increase its...
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...
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...
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...
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...