pezq

pezq

Here's my take on the Fib analysis currently

pezq

Cable is clearly probing upper levels and according to this analysis has already entered a channel. It's easy doing this sort of construction to get carried away with your own theory regardless of how objective one wants to be. Fibonacci has an inherent danger because analysis can be equally valid at certain levels to go long or short depending on which way the...

pezq

Take a look at Invezted reversal setups today and then tell me this is not a classic reversal pattern. My analysis indicates much higher prices so I would love a correction to 1.5525 and perhaps it needs it if my theory is correct. Also check out the values between XD, BD and XB. Price could also play out at the 1.63 level depending on economic news. Up or down....

pezq

Cable has broken long. So has gold. Perhaps all those trillions of dollars created are coming home to roost and dollar inflation has finally ignited. That should be a good old ding dong between the euro and the dollar! The cable could be on steroids now. The chart published I believe shows the story. Here is the daily chart.

pezq

There is a world of hidden structure in a chart. Many forget that fibonacci levels are derived from curved paths that evolve in time, and there are different tools for measuring them. I include three types in this analysis. I like 1.5865 not only because it keeps coming up in my calculations but the last peek into that area was obviously unresolved. Another very...

pezq

If close above 1.5508 then this analysis suggests higher prices target 1.60 + My Fibonacci Base at 1.5302

pezq

The price action has formed a rather interesting - even beautiful - wave analysis which I have drawn as accurately as I can. It can be a bit tricky getting lines spot on. The fib levels are interesting too. They are mine of course and I would be interested if anyone else matches these? Regards to all

pezq

It's great to be able to relax after a hectic week, when the markets close and take a close look at what's happening. Tradingview has given us such great tools for analysis, so thanks for all that hard work. I for one would find it hard to go back to the old ways. And thanks for bringing the object clicked on to come to the front - it's made life so much...

pezq

I can't help feeling - looking at the price action - that some people had better intelligence regarding the result of the UK election than others! As long as price stays below 1.55237 then we can expect lower levels before going higher. In the longer term the election result poses more questions than it answers. In two years time the UK could be in a very...

pezq

Eurusd has rejected 1.1380 DXY has rejected 93.77 The more upbeat data from US will keep hope alive for a rate rise. The battle between a bid to weaken the dollar and the anticipation of a rate rise continues. If DXY starts trading above 95 then the lower fib levels on my daily chart will be tested. Any breach of 1.1380 will negate this scenario.

pezq

A huge weekly pin bar testing major support, and election uncertainty indicate more decline for Cable. If we see selling pressure at 1.5074 then we can look to sub 1.49. A possible scenario is indicated on this 4hr chart.

pezq

This simplified construction is a combination of Gann and Fibonacci analysis, and I apologize for using the three day chart for reasons of scale. Corporate buyback authorizations for February 2015 were $118 bn - an all time record. The FT reported recently that S&P companies spent more than $900 bn on share buybacks and dividends over the past 12 months and has...

pezq

This very simplified chart is underpinned by a complex technical analysis suggesting a sharp decline into the May election. These levels were reached in two out of the last three elections and it looks like history is repeating itself again. My first forecast which was published on 13 March remains unchanged. My intermediate chart of 27th March hit the forecast...

pezq

1.11 1.12 1.13 Decline thereafter With the Cable in retreat, EURGBP has a chance to freshen up

pezq

Stop at 1.5032 Target 1.4634 With inflation low, imminent rate rise unlikely, election result uncertain Lets buy dollars for the moment and take the patient's temperature in a couple of weeks

pezq

That Doji and the cloud twist below has an ominous feel about it! 1224 negates.

pezq

Can cable be in two places at the same time? Short on uncertainty and long on rate expectations? The markets simply dont like uncertainty and the mix in this UK election is particularly toxic and hard to predict. A similar thing happened in the Scottish Referendum. If Cameron wins then UK faces another referendum, this time on EU membership. What about UKIP and...

pezq

The SP500 has respected this analysis quite well and I expect a continuation to the 2000 level. The buy/sell zones are marked on the chart.