The monthly chart has confirmed completion of a 5 wave impulsive move and price action continues within a rare and complex expanding triangle formation.
The bearish engulfing candle on this chart will be confirmed in the next 48 hours.
The daily chart shows a head & shoulders formation with prices currently testing the neckline.
A clear break and close below this...
There are several tips which are showing that NZD could rise against JPY.
1. There is a gap which has not been closed (6-th May)
2. MACD lines are approaching each other
3. Parabolic SAR is ready to reverse
Technically the pair is moving sideways (flat). But there can be a breakthrough up.
British pound was falling down against the Japanese yen from the middle of April. The situation got worse for the GBP when Japanese retail sales were released on Thursday the 25-th. The fact for March was released at the level +1% (the forecast was +0,8%). Technically we see that there are tips demonstrating a possible correction up.
On 1D TF 200-EMA is moving...
In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do!
1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria).
2. Zone of congestion.
3. Probabilities for the south based on ATR-based indicator and GMMA.
In this screencast I review a number of indices: the ACWI, US30, NASDAQ100, India50, Japan225 and SPUBYUP.
The picture is pretty grim. Some say that the world is heading into a deep recession that's likely to be worse than 2008. Some of course say 'no chance'.
The India50 and the Brazil60 are the two main indices, yet to take a nose dive.
The India50 is...
I do not trade this index. In this screencast I show how there was a major struggle in the world economies between February 2018 and today 28th October 2018. I explore potentials for Bitcoin and Gold.
A major corrective move south n the MSCI-ACWI has happened. This index is an aggregate of world indices.
What we see on this chart is:
1. Price struggling to...
The Euro took a beating over the last several days but the game is not over! This is just hotting up. I refer to some key areas for possible reversal on the lower time frames.
EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of...
It's all a matter of perspective and which news you believe. Or maybe you are sensible, to ignore the news and see what's on the charts.
The people who deliver the news have no inside knowledge about the markets, and most of them do not do a multi-timeframe trend analysis. They may deliver the 'truth' relative to their own perspective and shorter outlooks....