EURUSD Monthly Chart - Apologies if the chart looks a bit busy but here are the main points. Fib Time Projection: The 2000 (Point X) - late 2004 (Point Y) uptrend lasted for 50 months. A correction ensued and the low was formed in late 2005 (Point Z). If we take the 50 month uptrend and Fib project it from Point Z then we can see that it has has the uncanny...
Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster, LT T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count...
$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.
CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued...
The German stock index DAX is at important Fibonacci resistances and momentum overbought area. We are expecting a down wave corrective movement towards the 10160 area, max 8920. Only a new weekly close above 12 220 would invalidate this bearish view.
EURGBP is on very serious key support now. If 0.72200 level broke, this pair clearly will climbdown stronger to 0.71650 before bouncing back on retracement to 0.72270. This retracement level is the most suitable level for go short again and swing down to the next target at 0.71000. 1. Break level 0.72200, it will drop down to 0.71650 2. At 0.71650, wait for...
Dynamic intra day hedging: Fundamentals and and a lack of interest in the euro has has it fall substantially, USDCAD is -95% corralated to the EURUSD and we have seen a strong canadian dollar over the past few d ays. effectively by creating two positions one short on the eurusd and one long in usd cad with the same lot sizes we can effectively minimize...
Sometimes knowing the general direction of fundamentals will be more than enough in trading, the charts says everything of what the market intended. News are just meant for distribution of expensive stocks to the average joe. Had a pretty good trade from this :)
Idea about what's going on with GREK. It obviusly went down because of the head and shoulders but will it bounce back to ATH levels or dump with Europe crash in some months?
This chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart) Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in...
Pretty decent risk:reward ratio in this setup for a breakout of the falling channel. Stop loss: 1.25610 Take profit: 1.27297 (0.5 retracement)
The divergence between oscillator and price movement ended the up-trend started June, 2013. The price recently tested the long term support in 19.800 area, without confirming the break. The index is expected to approach the 19.600 area on the long term support, and then starting again towards higher levels. The advice is to wait until the price reaches 19.600...
BREAKING OUT ADVERSE TO MARKET AND WORLD EVENTS This stock is above any resistance points and if continues above indicators on high side it will continually break highs on a daily basis. They are a Monaco based company that is very strong fundamentally and even spun off a LP for dividends under symbol GLOP. This is a fundamentally and technically solid stock...
GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY.... IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER. AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB...