DanV

DanV

In my view most YEN pairs have completed the bullish cycle from moving of the 2011 low. Hence many have formed a top or are in process of doing so. CAD has been on weaker spectrum of major currency group and this is evident from CADJPY. Please see below a monthly chart for big picture view - in which you will note that it has topped at upper end of the potential...

DanV

I will limit my detailed explanation on this updated chart as they all stand as per my last chart published with link below, please refer to that for the background. In this chart the overall perspective has not changed except we have experienced deeper decline. However with the additional price data I have adjusted my wave counts to fit with possible low I...

DanV

Many financial instruments are either positively or negatively correlated and the price action of these instruments would reflect the recent strength in Dollar as represented by DXY Index. Due to almost vertical move in DXY since May 2014 low, has lead many to think that Dollar is so strong that it would just continue in parabolic rise without even normal...

DanV

There has been lot of negative news stream lately and seeming fundamentals suggesting EURO will probably disappear. I accept that the development in the Eurozone has not been very encouraging. However, it is my view, that this is grossly overdone perhaps by traders who seem to looks at existing trend to continuing in to infinity and have developed mentality of...

DanV

Last chart of AUDNZD was published about a month ago. Some critiques dismissed both my chart analysis. Nevertheless this has been very profitable for bearish trade. Well the critiques will not have any arguments now and those who took note will have had lots of opportunity to profit from the steep decline. Still I would suggest strongly that you keep that chart...

DanV

In my last Gold chart I published I gave 1100 zone or little lower as possible area where significant low would form. Then subsequently I updated with saying that I am reducing my downside expectation and would be willing see low form even above 1100. Please check these for background. Many of course would dismiss these comments as they maintain the view of...

DanV

Recent Dollar strength has almost seem to have converted many (may be majority) , that is could not even make minor retracement and hence many analysts have started to publish or express views that all USD pairs along with Kiwi are destined to fall out of bed with Kiwi to levels like 0.7 and lower. These views are understandable. When caught in strong trends it...

DanV

In my last EURUSD chart I outlined reasons for possible bullish move (please refer to that chart, link below). The weakness since then has not completely removed a possibility of strong rally no matter how remote that might sound right now. There are many fundamental and political cross current at play and could complicate any attempt to analyse this pair along...

DanV

Unfortunately, the support we identified in previously published chart gave way for another bearish move. Reviewing the wave counts are not made easy in instruments likes this particularly with lack of historical data. However, it seems at least in this bearish cycle a pull back could be anticipated for the following reasons: 1. RSI at potential support. 2. ADX...

DanV

RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...

DanV

USDJPY has been like a super freight train out of control in its bullish trend. This has been so impressive that most in the trading world are now extrapolating this into the future and eyeing 124 and above. Whilst these level might still be reached in the future there are enough reasons to expect a decent pull back to offer shorting opportunity for the...

DanV

LTCCNY - Litecoin Could Be About To See The Day Light Most Crypto Currencies have been in a bear cycle for over a year which I am sure must have humbled many eager bulls and given bears something to jubilee. In fact I have noticed that there seems to be more bears being vocal that ever before in the last 12 months of my observation. I almost given up even...

DanV

Since publishing the last chart almost 3 weeks ago, the anticipated low appears to have formed in the shape of rising wedge or leading diagonal as minor wave 1 and subsequent retracement could be near completion suggesting wave 2 could provide higher low and confirmation would be higher prices in the coming week. You should still take close look at the chart...

DanV

This particular currency pair representing the two neighbouring economies with some similarities yet different dynamics in which one has larger dependence on mining resource and the other on dairy produce has been in very large sideways move in almost unrecognisable swings and patterns. This is so until you zoom out using larger time frame and look back with...

DanV

Nothing much has changed in the general outline of the road map for quite some time as many of you will note. However, from the previous published chart the intermediate bullish cycle appear to have completed. The 450 - 480 target was narrowly missed. This appears to be accompanied with a hidden bearish divergence where we have HH in RSI but not the price of the...

DanV

Just read this article on www.marketwatch.com "IBM • Sector: technology • Market value: $160 billion • 2014 return: -13% While most large caps have risen from October’s slide, IBM has been left behind. That means a great buying opportunity for long-term investors. IBM is one of those mega-cap tech stocks that have a place in almost every portfolio. For starters,...

DanV

Since 2011 all time high in Silver and Gold, many analyst have been challenged to fully appreciate this correction to date. Some Bulls have been perplexed with fall below support in 26 area. Likewise many Bears have the initial decline and after some retracement are expecting it to drop to much lower level along with gold which they postulate could drop for...

DanV

Bullish tone for USD is becoming very pronounced. GS has put out a EURUSD projection to Parity. All known fundamentals seem to suggest USD strength for foreseeable future and it is well rehearsed. So I will fully understand if my chart and analysis is called into question. Some have questioned my approach and are asking what happened with one of my chart where I...