TheMauritianStockTrader

TheMauritianStockTrader

Are you ready for the Big Short ? The most unpredictable elections of the year is happening this Sunday.We might see a big gap on Monday following the results. A Macron vs Fillon face off on the second round would allow the Euro to rally on Monday. But ANY other results would make the bear hungry. This is why I'm entering a short position on the EUR/JPY. The...

TheMauritianStockTrader Updated 

Political tensions between US and Russia and the uncertainty in the Eurozone affected global markets yesterday. Investors were seeking long positions on safe havens such as Gold and the Japanese Yen. Gold was up $17 yesterday, it has now touched the 1.618 Fib level of the December to January 2017 rally.It acted as a nice resistance and I see the metal correcting...

TheMauritianStockTrader Updated 

Triggering the Article 50 was bullish for the pound as I expected. Three long red candles appear last week and we are now seeing a retracement. Indeed the pair reached the 1.618 level of the first impulse and we might expect a retracement to the 0.382 level of the second impulse. The pair also challenged the 200 EMA and it might pierce it soon. Best level for the...

TheMauritianStockTrader

It has been a long rally for the FTSE 100 after the Brexit . This was due to the pound collapsing against major currencies making it the worst performer for the year. The queen's currency is now showing some strength ! We might see the GBP appreciating (more than it should) when Italy's constitutional referendum will be pronounced this Sunday. Moreover a Head...

TheMauritianStockTrader

Risky bet on the AUD/USD ! Despite the interest rate cut the AUD still moving up ! The D point is vital for this pattern to exist, if it occurs this will be a nice trade ! Cheers

TheMauritianStockTrader

The US will be the safe haven of EU weakness. The dollar index has gone up Friday and this might continue ! I see a nice pullback to the 1.12000 level which is the daily 200 EMA but also one big Monthly 0.382 Fib Retracement. The RSI could reach the 50 level again before plummeting. If the pullback doesn't occur we might short on a correction wave !

TheMauritianStockTrader

As you know the Yen has been one of the haven for the Brexit ! This is why trading this currency against the main actor of the Brexit might be a nice trade ! If UK remains in the EU Thursday this pair is reaching 200 in one month ! Be ready !

TheMauritianStockTrader

With the last Oil rally AUD is doing a great job against the dollar. Oil might correct to the 50 dollars level and continue its rally ! I see a nice pull back at the 0.74 level on this graph ! RSI and Awesome Oscillator are confirming this trade !

TheMauritianStockTrader

In my opinion UK is staying the EU and this means the Bear wil be ready to show himself ! Polls are indicating a Brexit, Bookmakers are confirming that UK is staying ! I'm not a medium but with some sense british citizen will realize that there are better reasons to stay in the EU ! With the speculation that they are leaving I see the EUR/GBP reach 0.79000 !...

TheMauritianStockTrader

The rate hike postponed we might see the dollar gaining in September ! In this time of uncertainty with the Brexit money must be invest wisely ! GOLD will be the haven ! WATCH THE PULLBACK ! KEEP THE EYE ON THE FIB RETRACEMENT ! POSITION BETWEEN 1234 and 1235 !

TheMauritianStockTrader

The EMA 65 is confirming the uptrend for the daily and weekly chart ! The pullback should be strong near the trendline

TheMauritianStockTrader

Bearish all the way !

TheMauritianStockTrader

As posted before a potential Elliot Wave was taking place with the price retracing to 0.618; However the trend is not moving like I supposed and as you can see a bullish shark seems to take place on this one ! Cheers !

TheMauritianStockTrader

This can be a potential Elliot wave pattern going on here, I repeat potential ! Hourly Chart

TheMauritianStockTrader

Just watch the neckline

TheMauritianStockTrader

Just watch the neckline !

TheMauritianStockTrader

Falling Flag Pattern and Strong Divergence in the RSI on that 4H Chart !

TheMauritianStockTrader

1.05362 level should provide a strong support to allow the EUR take over the dollar !