EURUSD has respond to ECB decision to lower the interest rate. The decision was already known. Market anticipate the decision and from 1.3980, Euro went down to 1.372 and then 1.3502. ECB confirmed its decision to lower the interest rate, and now the market is in a kind of political equilibrium, but not yet in an equilibrium between BULL and BEARS.
Indicators...
CAC had a very classical pattern from a raising channel to correction. This has occured at least three times for the last 18 month. When CAC cannot enter into a raising channel because of lack of momentum, or hesitation from the market, it enter into a trading range channel where you buy at around 4400 and sell at around 4500.
But since the ECB expectation and...
The pair may face a little correction towards %50 of Fibo retracement i.e 102.0XXX, however, baring in mind FED's decision ,the tapering schedule and BoJ decision, the pair is still on the strong side for the USD. In other words, even though there may be a correction even to 101.5, on a medium term, it is long for the USDJPY pair in favor of USD unless a polical...
This study has been drawn on a weekly chart.
My forcast regarding DAX since QE3 i.e September 2012 was 9706 and I have mentioned it many times in my previous studies.
I still consider that as of now, and above 9706, we are at an illusive and exessive level, this is also confirmed by the STOCH and you can even ad RSI or W%R. Nevertheless, I am not the...
ECB President was very clear. There is yet no sign of growth in Europe and worst, a risk of deflation. Refi interest rate has been lowered, and even on the deposit rate, ECB decided to go to a negative rate, like BoJ did in the past.
One can think that money withdrawn from the saving accounts would go on the market, but the market is very week, with no growth...
CIX is always a nice counter mesure tool to confirm the direction of the indexes.
The market was too overconfident and VIX was at its lowest level.
But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down.
STOCH and MACD give the hint.
We need to see a confirmation if it is just a...
Recently, the intermediate bearish trend line from the January 2014 high has been severely tested and appears to have been breached.
This has caused so much excitement and relief amongst long-term Bulls, and others who have been bag holders, as they are renewed in their prospects of reducing losses and salvaging self-confidence.
In my previous charts (since the...
I have been wrong many times before with NBG, so who knows.
But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat.
Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A.
In Elliott terms, an alternative could be...
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?
I'm watching a 0.618 structure breakout trade for a possible buy setup back up to 140.90.the Asian session managed to push back price up above major structure support indicating a correction move before the next bearish wave.
Back to basic simple price action entry at key structure short entry @0.9301. Aiming for T1 and extended T1 between 0.9250 and 0.9240. With all those harmonic strategies in my head I sometimes forget this simple pin bar entry...
This pair seems to be finally done correcting. Has found support at the sliding parallel of a modified Schiff pitchfork. If it holds, we should see a rally up to the 95.75 level, or perhaps even to 96. Otherwise, the correction will continue to reach 94.22 or (less probable) even the lower median line parallel.
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Disclaimer:
There is a very high degree...
Now it's just a debate: if the current up fork is going to hold or fail, as price has crossed it from its upper parallel to the lower one with ease. This market is in a very-long-term down trend, found resistance above 94 and then even below that level. Now it is about to say, whether it's going to stay within the fork or not. It can either turn into an overshoot...
Bullish as long as we get a sell off in the equities. And as long as we stay above 109. TLT has made higher highs and will break out once we get a sell off in the equities. Even though rising interest rate means prices will go down. A sell off in equities will re direct investors to bonds, at least in the short term.
