Generaly, I do not make public studies concerning IUX unless they is a clear or obvious pattern because contrary to other indexes, I do not follow on hour base this index as I do for SPX DOWI CAC and DAX. Having said that, there is a clear opportunity for those who wishes to enter short RUSSEL 2000 because unless I am mistaken, there is a very very clear double...
The adage was saying sell in may and come back in september. But for those who applied this adage by word lost a lot of money, or at least have been stopped by there SL which by the way is not a Mercedes. QE3 is decreasing step by step but is still in the market. Tappering schedule did not change at all. There is still cheap money in the market i.e FED and ECB...
Well, everything is said in the Chart and I try to draw the forthcoming move of the Index. We are still in a correction phase until 9450 or around, which would be approxm a 5% correction.
On a big picture, Gold attempted for the third time to break 1330 which at 1330.66 is 61.8 % of Fibo retracement. Two out of three attempt were made with a great momentum, a powerfull market, but it didn't work at all. Based on Fibo, important levels remain 1301.66 i.e 50% of the retracement and 1272.5. On the chart, based on the previous moves of GOLD, 1303,...
I have already published a study on a 4H chart with regard EURUSD and my expectations. On the big picture, there is no change in our headline goal which remains 1.375.
EURUSD is still in the oath for 1.375. We are at around 1.3585 at the opening with indicator underlining an oversold level at STOCH as well as on RSI. If we were at 1.3600 at an overbought level, I would have reviewed or cancel my previous analysis because the correction would have been bellow 1.355 i.e means 1.34XX and it would have been very difficult to go...
Gold had a little bit of a too much upside, at least more then I was expecting. In deed when the precious metal was at 1250, I had forssen a little marginal move towards 1280 or 1303 but not 1333. Nevertheless, Gold could not hold at that level and is heading again towards 1313, 1303 and 1280. At the very moment, the precious metal is overbought and there will...
As foreseen, ECB did not change its interest rate for many reasons. First Draghi has to see the effect of the former decision to lower the interest rate in the market. And yet it is too early to see the impact. Second, issue is that there is still cheap money in the market and no risk of inflation. Therefore, the parameter will not change on the short term basis....
EURUSD is following the path and the pattern we have forseen for the last days and weeks. The first move was towards 1.3980. Then a sharp fall until 1.3485. Now the trading plan is the last try of EUR towards 1.375, 1.382 and 1.385. Depending on the timing and the momentum, the market may try to hit EUR high towards 1.40 before ECB makes a clear intervention....
DAX is still in a correction phase and not in a reversal phase. Indicators show clearly that we are in an overbought level. However, there isn't yet any sign a trend reversal. Therefore, the index may go smoothly down towards 9475. At that level, depending how fast it reaches this level, we may be faced with a double bottom. If this level is broken, the next...
EURUSD pair is still moving on the upside. The initial sign is the Tenkan-Kijun twist outside the cloud. Generaly if this twist is being made outside the cloud, it can be consider as an initial sign for a heavy momentum on the upside. The lagging span is trying to enter the proce which if confirmed will be the second sign. Although there isn't a Kumo twist in...
DAX is continuing the correction phase. There may be a little upside move until 9875-9900 because of the situation of the market, although we are not yet in an oversold situation, there may be a little move up before the coreection process continue toward 9775 at first, and later until 9380.This would be a 5% correction From 100XX, which is normal in that period....
I hate to start by saying, "as foreseen in my previous studies....." So for those who are familiar with my daily studies and forecast, here is a little update. CAC is clearly oversold. Therefore we may see a little upward jump but this should not exceed 4510-4515. My Thought is that we may be at around 4480 before the correction continues. Targets are...
I know that a lot of people had some question mark in mind when I was making studies with a headline goal of 1.382-1.385 for at least 3 weeks now. People thought that After 1.39XX, Euro would jump at 1.355 and bellow. But as I have told in the past, and I keep the same idea in mind, there are 3 reasons why EUR will make a last try to 1.38XX. 1- Market bought for...
101.5 played an important role as a support level. It is a strong support. The Pair arrived at that level with in an oversold situation. The previous pattern appears to be a completed double top with a clear neck line and a pull back level. This pattern has been achieved. And from now on, we can think for a clear way up to 102.6
With cheap money on the market, a possible European QE, low interest rate, CAC has still a good perspective. Nevertheless, the index has finaly entered to a correction phase....
Euro is already dancing for the summer. But the dance is not the Samba but rather the lambada for those who may remember the song and the music. It is a little up, little down but rather side way dance, puzzled one to each other.... At a near future, it doesn't look yet as being able to move to one or the other direction. I keep my trading plan since 1.3535 to see...
Well, the normal adage of a normal market trade says " sell in May come back in September." For those who are short since May it may have been a catastrophe. Having said that, The market is facing a normal and regular correction. This correction may last until 9400 or 9200. Bellow that level, it may very much slip bellow 8950. Furthermore, the money is still...