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...
As I have underlined yesterday, EURUSD is about to form a falling wedge with 1.33 at the bottom. EURUSD may face in addition to that ch artist situation a technical correction n the upside for two reason. 1- USD has gained too much of a value against EUR and if EUR is oversold, USD is overbought. 2-FED's high level officials are questioning the timing to raise...
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...
With FED's current policy and without any change in the interest rate from FED or BoJ, we are in a range trade where would buy at 101.2 and you sell around 103. Unless BoJ announces a change of policy and until FEd's increased its interest rate, we may be stuck in the range trade. However please bare in mind that when FEd will increase its interest rate, the...
Evdrything is said on the graphic. The correction process continue. Because of the sharp fall, there will be an upside correction before continuing the correction towards 15850.And then there will be a last move towards 17000 beofre melting to 14400-14800 from March 2015
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...
Like most of the major equities Indices are in very bullish mode since 2009 low and it seems nothing could go wrong. All the "Fundamentals" point to many profitable years ahead. In fact I have hear a presentation from notable commentator suggesting 2009 will is a generational low ie will not be revisited ever in his life time. I think he is in his fifties. He...
The sellers win the match and the Market Over react to Yellen statement underlining that FED may increase the interest rate sooner then foreseen. Remember that the first statement was made in early May saying that FED may increase the interest rate by October. Then in June FED says that MARCH 15 would be the earliest. Whereas now, Yellen at the hearing recall...
The French index has confirmed the down move as you may see on this ichimoku. Although the index is trying to make a little upside correction, the general trend remain on the downside until 4200 at least.
Yesterday, price reversed and sellers managed to fill partly morning gap up. It feels a bit messy, as we are still in this slow trending up environment. But still we can approach to our markets with plan and levels to be prepared to different scenarios. So, pivot resistance is $198.10 close to previous top. After SPY broke up 2014 consolidation it entered into...
SPX's correction is still on the track. Indicators show that there is no more momentum for a proper upside move. Therefore until RSI comes to an oversold level and momentum changes, we may take Fibo retracement as a benchmark for the correction phase. 1926 is the initial confirmation level of the correction phase, followed by 1889 and 1860. 1895 is a serious...
USDJPY is on the move. Altough the pair didn't cross 101.8 in a sustainable way, it is still above 101.5 which is our benchmark. At the present time, the pair is at an oversold level, i.e correction is imminent. If the correction level remain around 101.5-101.3, USDJPY may jump on the upside. Based on Ichimoku, we have 2 out of 4 positives signal for an upside....
EUR looses ground against USD but, 1.355 is still a solid support and at the level we are now, indicators show that we are at an oversold level at least for STOCH. Therefore, unless there is a big suprises, we may try again on the upside starting at 1.355 for 1.362. Above 1.362, the first stage remain 1.366 before a little correction and then the next step...
On a weekly chart, EURUSD has given the initial signal of the reversal through the TENKAN-KIJUN twist. Of course other signals have to confirm the reversal and we are not there yet, but the reversal will be heavy baring in mind that the TENKAN-KIJUN twist occurred outside the Kumo Cloud. But yet the Lagging span didn't penetrate the price and the cloud and STOCH...
Gold is still bearish despite some move on the upside. Yet there is no sign of a reversal. On the big picture, for a reversal, we need at least 4 signals, and none of them have appeared yet. And bare in mind that the bottom of the Kumo Cloud is still being used as a Resistance level. The bearish cycle should end before, Bull signal are being initiated. Of...
This is a big picture SPX chart. On a monthly timescale we can easily observe the effect of QE2 and WE3 on the index. Now the question should be what will happen with the the end of QE3 in October? Will ECB really take the relay of FED with ABS? Will EU money flow on US market as US money flow in the European Stock Exchanges? That is the quesion. But for sure...
USDJPY has faced a little turbulence last week based on FOMC minutes and the releases of US statistics. But since then, the pair took again its "natural" path and this path will face an impetus as soon as FED will decide to increase the interest rate. But we are not there yet. At the present time, 101.3 became a more solid support i.e STOCH level which did not...
EURUSD is in the expected path despite some small correction or hesitation of the market. Indicators show clearly that at 1.362 we are already at an oversold level, i.e we are much above our benchmark which is 1.355. In other words, the first target which is 1.366 still remain. The second target is being 1.372-1.375. Bare in mind that ECB President ABS...