vaidyasalils

vaidyasalils

Folks I think spy Dow Jones are all bearish , I have been wrong in the past so please do your own research. However, if you see spy hit a resistance today at 288 which it was not able to break and is heading south. Please note that technical indicators are meaningless when federal reserve steps in so if you want to short the Spy you should wait for fed...

vaidyasalils

The major indices are poised to fall in the next week or so. The bearish case is illustrated by a double top which is very clear on an hourly timeframe in major indices like spy. Other than technical indicators the news is also not encouraging. A recovery from the present situation is easily weeks away if not months and therefore in the short run there is an...

vaidyasalils

The Stock markets are taking a hit and the safe haven currencies like JPY are in big demand. While it is true that last time this happened, the attacks on Saudi in September, the trade did not work out. However, now its different, the demand for safe haven currencies seems to be increasing with the escalation of the Iraq conflict. Many analysts are comparing this...

vaidyasalils

Oil has shot up after OPEC cuts however please look at the way oil has moved up, on news only. Technically oil is still weak , long term trend is still down. Also remember, opec cuts don’t mean that members follow the rules. Past history has shown that rogue oil producers still continue to overproduce and dump oil. So oil could be a short at these levels but...

vaidyasalils

Eurgbp is a good short at these levels only because it’s met significant resistance at 89.8 and it’s not able to break it. This pair has been bullish for a while now but it’s now showing signs of reversal. Please do your own research before trading.

vaidyasalils

The usd cad pair is now at a critical juncture. Canadian growth was hurt by low oil prices and gdp. However employment numbers were record setting in April and oil has since recovered. Therefore you see the Canadian dollar recovery against the Usd. In my opinion the pair could lose another 200 pips if the recovery extends into the summer. Stay tuned for 132.5 but...