Pashabxl

Pashabxl

Dear Readers, there isn't much to add concerning GOLD. The reversal is really confirmed. Now the question is how deep GOLD will go? The answers are various. 1180 is almost for sure the first step. After a little upside correction, GOLD may vey well go towards 1160 1120 1080 and 1060. The tricky level is between 1060 and 1040. Further down, it is already 960I...

Pashabxl

I made a chart and study about the big picture concerning Oil. However, on the short term and based on the request of friends, here is what I do see about WTI. On the very short term, there is still a room for WTI to move towards 44.5 This is a very strong support level. Bellow that level, bare in mind that WTI would go deep down towards 33 and bellow. Now, on...

Pashabxl

At the present time, we do have in the market, and enormous amount of oil with a demand that is rather low. Even during the worst time of the financial crises, WTI did not cross the 0,764 Fib retracement. At the present time, oil can go even towards 45. But I do not think that this is a long lasting level. Crude may progressively go back towards 60-67 after...

Pashabxl

You do have here a big picture of EURUSD witha diffrent FIB retracement It is the clear lowest and highest situation of the market. On that chart, you will see that 50% Fib retracement at 1.2133 has been crossed. And since that time, baring in mind the policy of ECB, I claim that EUR would go bellow 1.15 towards 1. When you see the RSI with that time frame, it...

Pashabxl

As one could have read in my past studies, I have warn about the reversal of thrend in XAUUSD. Macro economic datas are confirming this reversal as well as the charts. On the mcro economic side, there is not yet any sign of proper inflation, nor a will from the US administration and FEd in particular to increase its interestrate. Monetary easing will continue on...

Pashabxl

For those who are reading my studies and analysis for a long time, I've been drawing the long term trend as well as the potential change of trend. After the long march towards 1.40 I am studying carefully EURUSD on the path towards 1. Initially ECB was planning to go from A.395 to 1.15 but baring in mind the low price of commodities and having in mind that ECB is...

Pashabxl

At the present time, based on Ichimoku, Gold is about to reverse in its trend. On the chart you may very much see the red trend line. As far as Gold was on the upside of this trend line, there was a hope for an upside. But since 1140 and above, Gold try to go on the upside but there wasn't enough momentum and buyers are not in the market. Therefore for the last...

Pashabxl

FEd's minutes release everybody though that EUR would go avoer 1.14 towards 1.15 or even above but this is not something ECB woud allow. First let's remember the situation. FED has putted an end to its QE program. Interest rate are low and despite the rumors that FED will increase it's interest rate by summer, this will not be and should not be the case. Because...

Pashabxl

There is a bright future for the French index. Baring in mind that ECB will inject fresh money in the market, the Index is well oriented and the trend is clear. If the Greek Debt problem is solved by this week-end which will be solved, then, you can easily get long in the market. No correction yet forseen.

Pashabxl

EURUSD ws facing a little upside correction but the general picture is still the same. There are no sign of any upside reversal, nor any change of trend at the present time. Bare in mind that from March 6th, ECB will pomp fresh money in the market, 60 Bio per month at least, so EUR will loose its value against USD . This is a mechanical process. If FED decides to...

Pashabxl

I've been warning for the reversal of the trend for quite sometime now. At the present, Evething shows that the price will go down, and even bellow 1180. Baring in mind how powerfull the decrease will be, we may well go beyond 1180,towards 1060. Let's wait and see. It is not the time to go long for sure. MArket needs a stabilisation on the downside.

Pashabxl

As you may see on the chart, I didn't had the feeling to update the general trend. although there was a little attempt to move upward, the wave was not powerful enough for a full reversal. It was rather a little upside correction. At the present time, Greece is in a pitiful situation asking now Germany to reimburse the damage of WWII , a damage that has already...

Pashabxl

At the present time there is a Lagging span on the downside, trying to cross the price and it is going to be easy for it. There is a Tenkan-Kijun twist outside the Kumo cloud which confirm the reversal trend. The RSI Trend line has been broken. Although there is no twist of the Kumo cloud, we can consider this as a proper reversal. This will be confirmed when...

Pashabxl

MArch 6th is an important date. It is the time when ECB will inject its first 60 Bio Euros. At the present, ECB decided not to use as a guarantee the Greek Treasory bonds. The pair may face an upside correction, but the general trend is still on the downside.

Pashabxl

There are initial signals concerning a correction if not yet a reversal of trend for XAUUSD. The orientation of the Lagging span is to be watched carefully. Above that, The price could not cross the Kijun . The RSI is about to come to the red trend line beloow wich RSI is bellow 50. Although the Kumo Cloud do not give a clear signal of a future change of trend,...

Pashabxl

EURUSD is still on the down trend. At the present time, Ichimoku do not see any change of trend i.e lagging span, Kumo Cloud, Tenkan-Kijun Twist, not on the candles or on the RSI which is still oriented on the downside. Of course the pair is sensible to the political environment in Europe and particularly in the discussion about the future of the Greek Debt....

Pashabxl

Gold did not brake yet its trend. The Lagging span has a good orientation, the Kumo cloud is think therefore there is a lot of volatility and volume. There is no Tenkan-Kijun twist. The RSI is in the positive direction. XAUUSD would raise when FED decide to increase its interest rate significantly. But we are not there yet. There is a Fibo Retracement on my...

Pashabxl

The market do not know which direction to go clearly and at the moment there is a little adjustment to the downside. Yet FEd did not decide to increase its interest rate and ECB has decided to launch its QE at last. At the present moment, there is a move on the downside as the signals clearly shows. However, we are lready rather low as far as RSI is concerned....