MoodandMarkets

MoodandMarkets

I suppose that the peak has been found after the COVID rally and maybe after the downturn, the correction is over. The corrective rising channel is about the break. Further decline should come beside not to intact the level of 5130!

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Maybe the Ftse is in front of a meaningful decline. Fasten your belts! Do not expect more then a break out retest!

MoodandMarkets

GBPUSD has been reached the red resistance zone with a 3 waves structure and backtesting the lower line of the rising green channel also. So GBP has arrived and should stop in these technical resistance zones. Any trade above 1.2812 will eliminate my forecast and GBPUSD could reach 1.30!

MoodandMarkets Updated 

In the related ideas, I was forecasting a bullish way for the gold. The break has happened and gold has reached the mentioned next target zone 1765 where the resistance lied. After a failed breakup a falling correction is ongoing now. The green support zone should hold up the gold and after it will have found its bottom the gold should trade well above 1800. 1730...

MoodandMarkets Updated 

Huge turndown seems to become. A rising wedge is about to break and the oil should not go above 41.10 or 41.71(the mentioned level in the related idea)! The minimal target lies somewhere 37$ but more downside pressure in the pocket! Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would...

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Against 108.20 the USDJPY should fall in the next movement of wave (iii). The momentum should come and the target could be 106 or more. There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 108.20! Important Always use stop order, cutting losses, this is one...

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Next wave down should come in the process of wave B after moving sideways. I am waiting for a false break upward from the narrow sideways then after the target is at 1.2350. There are two strategies, before the break(aggressive style) and after the break(conservative style). At the moment I can say that the price must not go above 1.2530! Important Always use...

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In the related idea, I was expecting Rubel to find its bottom and the falling channel break upward. Now here it is and the q. is what next? Further rising should come by breaking up the rising green channel without any question in the next momentum(in the third wave). Trading below 68.50 will eliminate this forecast and USDRUB could reach 66 level.

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The resistance zone has worked well, and the rising wedge broke down definitely. Now a clear sideways movement is ongoing, so sooner or later the next downside pressure should come and lead the price below the rising trendlines. Next target lies at 7, 6.85, 6.7 but I forecast more Yuan strengthening to 6.3. Any trading above 7.2 will open the door in front of the...

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From the 11 of June, the Island reversal remains intact and now the Spanish index tries to close it. We will see the mission will be a success soon, but what I would like to see is that the gap remain open and the bulls will be closed to the island. So from the red resistance zone at 7600, the IBEX should turn down as I was expected in the related idea. Closing...

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In the related idea, I was waiting for the new wave. Definitely I can say that new wave was delayed. But the Dax has just reached the .786 last Fibonacci retracement level, so if my new wave forecast is right, then the German index should immediately turn down or new high will come in the corona rally.

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If I am right with my bearish view, then the level should work as a resistance, what S&P500 has just reached. Otherwise more bullish target could be opened at 3240, 3400, or new high. Waiting for the reversal pattern

MoodandMarkets Updated 

As I had forecasted in the related idea the channel break came true, and I made a comment in the idea "Here is the breakout retest" which target was a little bit above 1.25. If I am on the truck then the decline should accelerate soon. One two, one two has been built up so the momentum must come. There is two trading strategy on the chart so the juncture is...

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After a long rising in a five wave structure and run into the wall of 0.7070(as I was expected this in the related idea) it seems the price should fall into the deep by a corrective wave. Not to mention that the rising trendline is about to break down. So I'm waiting for the breakdown and an accelerating decline. There are two strategies, before the...

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In the related idea, I was waiting for a retest, a rising second wave of in a falling trend. Now here it is with a perfect double retest by a Zigzag correction at the .618 Fibonacci level. After this textbook situation, I expect a downturn again. Go to the deep! Any rising above 41.71 eliminate my forecast!

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It was hard to wait for the end of COVID historical rally. Dax has just been rising and rising against the macro trend crushing. Now it seems Dax has already found its peak. What's more, built up a lower high by a correction rising in wave ((ii)). At the moment the rising correction channel is about to break down. So I expect a downturn and a strong falling. The...

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It seems the falling from 41.60 is like an impulse wave in Elliott wave theory. So there is a huge rising and almost fill in a milestone gap form March. Now the trendline is about to break and I expect to see the next downward pressure which objective is at 34 or more around 30$. The rising correction will create the short junctures and now I would not like to...

MoodandMarkets Updated 

In the related idea, I have expected an island retest. We got it. After a COVID rally there is a lower high, and real S&P500 the island gap remains open. So I expect a lower low and then a big downside pressure which leads the price to the 2500 - 2600 or more. I am waiting for the breaks, the trendline and the channel break which strengthen my idea. Any case of...