The IBM (IBM) weekly chart shows the following signs:
The Price of IBM came into the KUMO and stopped at Kijun Sen resistance. The Stock is over the EMA200 making a triple bottom from Oct 2013 till Feb 2014 on it. The MACD and RSI are mixed to bearish.
If today (Monday) the stock is long, the next target is the resistance of Tenkan Sen at around the $190....
The USDJPY weekly chart shows the following signs:
The pair is under the Tenkan Sen and the Tenkan Sen has cross down the Kijun Sen but all of them are over the KUMO. So we have a weak short sign here and we will wait to see strategic is the most appropriate. At 10/2013 we had the same situation as you can see in the diagram.
If next week the pair crosses...
The JP Morgan (JPM) weekly chart shows the following signs:
JPM from the price of $31.77 has completed a long phase until the $60 an now it makes some consolidations between $53 & $60. As you can see on the diagram it corrected until it reached the top of KUMO from where it reacted upwards. A critical day is 17.05.2014 that the company will anounce the earnings...
The Sony (SNE) weekly chart shows the following signs:
The Price of SNE after earnings and forecasting announcements before two weeks, retreat from $17,30 to almost $16 last two weeks making a gap.
The MACD is in bearish sign and the RSI too.
In previous weekly tech analysis I said that I expected that the stock price would made more consolidations before...
We might either see a correction to $560 once it hits 600~630 level or a further consolidation for the next pump...
Black bar in the MCAD represents the range between the high and low value. It'll signal a reversal in trend as it heads towards 0 from either positive or negative.
For a few weeks I was writting about the Trend of EUR and making some daily updates sinceApril on twitter and since I am a member of tradingview.
Therefore to recall, since Early April , The first part of my trading plan was to enter a long on EURUSD from 1.37until 1.40.
We didn't arrive exactly to 1.40 but 1.3990XXX And then, the move down with a...
The pair has ground lower over the past few sessions but at present doesn't look likely to break further. With RSI already oversold the expected push lower may have to wait until we get a fundamental driver to cause a break lower. A break and close of 1.3590 should open the path back down to 1.3480 initially.
The Microsoft (MSFT) daily chart shows the following signs:
The Price of MSFT consolidates around the $40 the last month in a desceding triangle. The MACD is neutral and the RSI too. The Stock is over the EMA200, and has reached KUMO support.
I expect that the stock will continue the consoidations but has a long term divergence in MACD. If the stock break the...
The Exxon Mobil Corp (XOM) weekly chart shows the following signs:
The Price of XOM has an over the KUMO cloud trend almost the last two years. The stock makes every two months new highs over the Tenkan Sen and Kijun Sen, returning to the KUMO Cloud and so on. This time I see a divergence at MACD that makes more short thoughts.
I expect that the stock will...
Bellow 1280, there is 1240, 1200, 1180 and even 1120, 1060. Therefore,I will wait to see all the steam out of
gold Since 1800++ to 1180 even 1060 before thinking to change any position.
There is a clear fight between BULL and Bear on the EURUSD Pair.
Ichimoku shows that it is 50%-50% with a little favor for the Bear if we do observe initial signals, such as the lagging span inside the cloud and oriented downward.
If Bear wins the fight, it is to confirm that ECB is not bluffing, market beleieve in a reaction of Draghi on June 4th.
If Bulls...
On a weekly chart, it appears that there was a double top formation. Of course, it is the first sign, we need to see the price going down to the neck line, that would give the second clear sign and the rest will come by itself.
As far as technical indicators are concerned, on a STOCH or Willam R% basis, we may appear to be overbought, but, if you bare in mind the...
In my view, political agenda , economic agenda and the behaviour of EURO against USD will give the direction and the impetus for USDJPY. On a purely mechanical point of view, BoJ is still printing a huge amount of Yen comparing to the calendar of FED where Yellen is still sticking to the tapering.
On the Other hand, ECB President Draghi, will make his statement...
EURUSD is a very mechanical pair, reacting to macroeconomic situation and sharp on political statement.
Baring in mind the situation of indicators and the picture, we may be on the eve of a formation of a double bottom.
Political situation in Europe, recent statements of ECB President Draghi , statements that had an effect on the market
but on a long run, no one...
FCS has been pinching since July 2011.
Though I wouldn't recommend any day trading, I'll be interested to see if it can break out of the trend and bring back the bull. Please excuse the poor zoom.
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