The next move will confirm what lies ahead: For the time being, price is above the long term fair accepted price, which is bullish, but to confirm uptrend continuation from here we need to break above the resistance from the previous downtrend signal's mode, as well as break out from the channel, to confirm the move is a larger impulse series. The uptrend...
This is a time at mode analysis of the current EURNZD uptrend. We have an uptrend time expiration in 2 bars and CCI divergence in the recent top, whilst also seeing the highest low level taken by the last down bar. On top of this, price reached and exceeded the target ahead of time, by three times the projected range, which tells me it's currently...
I had this chart inside my EURNZD roadmap chart, but decided to publish it to keep track of the moves as they unfold. Time at mode signals an uptrend, I decided to attempt labeling this with EW, but it was a pretty complex exercise, so I will adapt my friend's Nick Coulby's (www.tradingview.com) wave count to my time at mode chart for illustration. There's a nice...
Well when asked how US can weaker its currency, there was little room a manoeuvre for FEd and except lowering more its interest rate, or buying some EU tresory bonds, there wasn't a lot of possibilities, but to have weak economic datas. Yet FOMC meetings are very important and to see that the forecast didn't meet reality shows that economy is not always as...
Everyone knows this is a strong rally now...Chart speaks by itself. Let it serve as a guide to help manage this trade. I entered at 1.42209, closed partially and now have a half lot running with break even stop, looking to add on every chance that I get. Levels should mark important s/r as well as serve as targets for the next move up. Good luck, Ivan.
The pair is at war. US is trying to contain the value of USD against EUR otherwise US will loose an importante competitivity. On the Other hand, EUR was loosing ground because of the situation concerning Greece. Since the Tension with Greece appear to be not over but at least in a more relax environment, EUR is gaining power against US However, bare in mind...
The Greek tension and the futur about its debt will give the short term direction of Gold. If the Greek Debt is being under pressure because no solution is found at Euro level, there precious metal may go up qukcly. On the other hand, if we do progress towards a solution, the precious metal may resume its "natural" path which is down the road towards 1180 and then...
XAUUSd had a sudden surge because of US employment data that were bellow expectations. However the news came during EU Eastern Holidays and is was due to the surge of EUR against USD. However, bare in mind ECB's money policy and the devaluation policy of EUR against USD. A very strong EUR is not in the interest of ECB as well as a strong USD is not good for USA....
$EURUSD Has broken below the ascending triangle bottom and looks set to break through the Double/Triple Top confirmation level 1.0720 (4h close). Another possibility is a rally off this level and a retest of 1.050 but we think this Triple/Quad Top/Double Bottom scenario is less probable. Look to sell any rallies into the broken triangle bottom or LT channel top.
The German index is in a little corection phase, the index was a little bit tensed because of the negociation concerning Greece. However, ECB will put on the table the second phase of QE with a fresh 60Bio€ Although there are sign of little correction, the overall picture is rather good.
SPX Aabove 2090 would mean that there will be no break on the downside. To the contrary, if the index stays in the triangle, then the possibility to break the wedge increase. Therefore the break will happen with 2002 as an initial target. On macro economic terms, bare in mind that Positive US Economic data would increase the chance of FED to increase by 0,25...
On the big picture, it is obvious that GOLD could not cross the 1212 resistance level. 4Hours ago, the precious metal was very much hesitating from the up side to the down side and finally sellers took the hand and att he present time, GOLD is going back towards 1180. Having said that, XAUUSD is very much sensitive about the shape and the trend of EURUSD pair....
Well, in my previous analysis one may seen the pattern I've drawn and this pattern is a perfect match with what is happening now. Therefore we may wait for the break. the downside correction may go until 2002.
Since EUR is gaining some value against USD, XAUUSD is also gaining so value and that is why the precious metal is on the upside. On the very big picture, there isn't any change of trend, the precious metal should keep its swing in the channel. But there is an upside opportunity. 1224 and 1248 may be the upside target before EUR loose some value against USD
Well, at the present on a purely Chartist approached, without taking into consideration the macro economic environment, here is the situation of EURUSD pair. Based on a purely chartist approach which I personaly never favor, one may keep in mind this possibility? On the chart, the ration works pretty well. So it should be taken into consideration. Although this...
$EURUSD Appears to have failed below the #FOMC high, carving a lower high around 1.0950. Shorts valid with stops above swing high, targeting the bottom (1:2.5 Risk:Reward), continuation. Stop should be trailed if aiming for continuation.
Thisis a big picture: state of play concerning XAUUSD. The precious metal is still on the downside channel with 1220 as a resistance upside and 1080 on the downside as a target. This may continue until FED decide to increase the interest rate. At first, by increasing interest rate, USD with gain value against EUR and this will not favor XAUUSD. but on a medium...
Well despite my initial expectation, SPW continue its rising wedge pattern. Therefore this means that if confirmed, SPX would go until 2115 before breaking at around 2085 towards 2045 initialy and then 2002 which is a 0,382 Fibo retracement. On the macro economic side, FED is not yet in a position to increase its interest rate, therefore there is still cheap...