Finally, tomorrow is the Referendum day. Brexit possibility is still in play but everybody expecting the vote to be "Stay in the EU". Which is the problem then? Tomorrow everybody expects huge volatility on all sorts of markets: Equities, Forex, ETFs and else. I believe, every single poll, exit poll, news, rumour... will be used to push the markets down and...
As soon as Bremain is getting closer, EURUSD pair is being pushed higher. It made 3 figures in a month prior to the Brexit Referendum and should be catapulted up once Bremain is confirmed officially. Projection made on the 24.06.2016, 0.00 hours CET shows 1.16 can be reached by the 25th of June and 1.17-1.18 by the following week. The ending target is around 1.20...
Pair USDJPY has sucessfully made my targets for 1-2-3-4-5 Wave count. This count obviously can be wrong but, for now, looks like it was done well. Little by little I´m starting to buy USD against JPY. The final targets are high, around 122-125 figures. Please notice the movement down can still be cntinued as 161% fibo level is below 100 figures! And no signs of...
Many of us wondered why there hasn´t been any correction in EUR/USD pair after an incredible ascending on Friday. Looks like it is coming after Draghi´s speech. He didn´t say anything special so market simply used it as a trigger... It has broken 1H 50 and 88 MAs (blue and red MAs on this chart) and, normally, after 50 MA is broken, next target is 200 MA which...
On a Daily USOIL chart we can see a so-called "Three white soldiers" pattern. Normally, it appears after an important correction and showing the beginning of the up-trend. When appearing on the supposed top its meaning is the opposite: an exhaustion of an existing up-trend and an incoming correction. Also, Daily RSI shows overbought and next important level of...
When the price overpassed 2075 after retracing to 2039, I thought SPX500 would be bullish for some time and try to tag the double top. But now, finally, looks like this correction will follow the classical A-B-C zig zag. We had Wave A finished at 2039, then the B was quite long, ending near 2080, and now we can see the price heading back to 2039 area. We had a...
The pair arrived to a reversal point this week. Although, it´s been on a downtrend since last year, it hasn´t passed 110 figures to the date. At the moment, the lowering movement was held by a weekly 200 MA. Looks like once again BOJ decision will be critical for JPY here: if an extremely soft monetary policy continues, this pair may refresh the historical...
Palladium futures are in a corrective Wave C according to my Wave counter. Broke Daily 200 MA and 200 WMA and looks like now have a clear path forward. Daily RSI may be slightly overloaded so there may be a short correction after the immediate ascending but the ending target of 680 figures looks very reachable. On fundamentals, Palladium hasn´t forwarded the Gold...
I´m long on SPX500 from 2090, targeting 2150 as less. SL: 2070
After all this huge ascending we had, it is clear that Gold is a Buy: huge sideway channel we had since some weeks ago has been broken upwards and broken well, with a solid confirmation. Now, before going any further, Gold has to correct: lot of mid-term buyers may want to take their profits. I´d expect it to correct to a Fibo 50% line as it looks like a solid...
CADJPY pair is heading to 90 figures. Historically, 89.5-90.5 has been a reversal zone for the pair in several occasions, therefore, if passed, held and secured, next immediate targets are 95, 100 and 105 figures. For the shortest term, it is all on BOJ next week. I set a sell order on 90.32, targeting 75 figures and SL on 95 figures.
GBPJPY is coming back from the historical minimums and now is placed not too far away from an important resistance point. Once the pair passes and secures 163-165 zone, it´s a strong buy. The BOJ next week can give us a hint on whether JPY depreciation will continue and, also, Brexit Referendum in June is an important point of attention.
My version of Oil evolution till the end of the year. Target of 60 USD looks pretty realistic, specially, knowing that supply from Iran develops really slowly, US production is falling and oil import is growing, China increases oil importation and will do so until 2018. Plus, not many people are not talking about it yet but India has to be taken into account as...
EURGBP pair has arrived to a critical level once again: historically. 0.77 has been a turnaround point. This time the outcome is not as clear as on previous times: despite being a strong reversal point, the pair has been in a downtrend since almost seven years ago. On another side, Brexit, although lost some fuel, is still there and closer we get to the...
Looks like a Wolfe waves pattern is about to complete on this pair. It coincides with a Wave 4 on my wave counter and therefore I see it as a strong signal to sell. W4 should end somewhere near 1.45 level, if does, I´ll open a short from local 1.45* maximum. SL is tight: 1.46. Going above 1.455 will invalidate the whole Wave counting I´ve done and therefore...
Shorting EURUSD on Wolfe Waves pattern. This is a long and quite risky trade, therefore SL will be high and potential losses can as well be important, specially, if you trade with a leverage. Entry point: 1.1385 SL: 1.172 TP1: 1.105 TP2: 1.050 TP3: 1.022
Ascending triangle for SPX500. Take the risk if you have cash, could be quite nice. Entry point:: 2090 SL: 2085 TP1: 2130 TP2: 2137
An inverse Head & Shoulders to be confirmed for USDJPY pair. This should put an end to a downtrend and raise the USD to 120s again. Please notice I will enter only if a formation will be competing, if there is no H&S, it is a non-valid trading idea! Would long on 108 SL: 106 TP1: 113 TP2: 116 TP3: 121