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...
Well, there is no harm to say the truth. If World economy was so good and promessing, ECB would lower its interest rate under 0, nor FED would have kept a low level interest rate. We should have been in a situatio with at least a 2% inflation and same thing for the growth rate. Which is not the case. But the market bought the idea and the policy of cheap money and...
Since there is no change in FED's policy, ie no review or postponing of the QE end date, in other word, FEd is keeping the tapering schedule, interest rate will not rise one to a sudden, at least not before 1Q15, we can expect 101.5 to remain an important support level and 103.5 an important resistance level. If FEd increase its interest rate, we may se a move...
You are very able to read my previous analysis concerning gold. At 1240 I was saying that there was a little room for a upside move towards 1280 but that the general trend is still on the down side. I do maintain my view that on a long term basis, Gold may see clearly 1180 and even bellow before switching to a long term strategy. With the increase of inflation in...
Here we are. As forseen for several days, the correction on indexes has been ignited. SPX has started the initiative following by DOWI DAX NASDAQ CAC SMI and tomorrow it will continue with IBEX35. On the other hand, VIX jump up one to a sudden. The midway to the correction may be around 1840-1820. Here we are.... At last....In the mean time those who are...
Everything is said on the chart. One can see my previous analysis published. It looks like we can buy at around 101.5 and sell around 103.5 The swing trade model.....
After the fall of EUR against USD, and the announcement of ECB with regard the interest rate, there has been a little move up on GOLD. It could also be interpreted as an upside technical correction because of the very low level of the indicators such as STOCH, William%R or even RSI. Having said that, although there may be a little room on the upside towards...
For those who do follow my DAX chart and analysis, as forseen, the index has started its correction. We have a confirmed Raisong Wedge pattern and a beginning of a correction on DAX. This correction may also be on a medium term a reversal, but we are not there yet. As far as the correction is concern, one can easily have 9763 as an initial target, then a little...
Well there isn't much to say about the chart. It is a daily chart of the 3 Months Highs NASDAQ. The trend line is obvious, the indicators are clear, the trend as well. Keep in mind the prices of Today, and think about the eventual outcome for tomorrow. Only stunt traders would go long these days... Or those who have money to waist...
SPX has faced a very long, quick raising trend. The Raising Wedged didn't break with a pull back, but to the contrary with a second raising wedge on the upside. A normal raising wedge would break up on the downside with a pull back correction. But we do hevae a raising wedge within a raising wedge. This is the outcome of too optimistic political statement about...
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...
If World economy was good, ECB wouldn't think about putting into the market a European QE, nor would it plan any ABS or LTRO. ECB wouldn't lower the interest rate that low, even on the negative side in order to push the banks to give loans which bank do not give. They do prefer to earn money from the market through options, warrants, turbo calls etc....
Dowi is at a very very excessive level. On the Chart, you can clearly see the expansion channel. And we are very much above that channel. Indicators show clearly the excessive and overbought level of the market. the correction might be very severe and Sharp. Therefore, those who wishes to enter the market should be very carefull with there timing, the...
The pattern is not very clear although we can think about the formation of a very sharp Falling Wedge because of the volatility of the market last week based on ECB announcement and NFP, or we have to wait for another candle to see if we are on the eve of the double bottom. Indicators such as Stoch suggest that we are at an oversold level, ie, we may face a...
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...
The raising wedge pattern is very clear. As I have mentioned in my previous chart, the market will try to hit above 10000, not that it is justify but just for the fun of it. At the present time, nothing justify such a huge expansion of the index toward 10000 and even further but market is being dominated by the buyers and the sellers are waiting for the good...