Caution time for INDEX:SPX trading. Comparing recent price actions with INDEX:VIX volatility index the same premisses seems to be developing while comparing with the same time of the year, technical conditions of the 2008 bear market.
EURUSD is in major down-trend and in the long term aiming pairing 1.0. Reasons to believe that is slowing down of economy and Europe need for currency devaluation in order to boost economy.
Now in the short term the pair EURUSD is I believe ending a correction.
In the chart I depict zones to avoid which I believe are roughly between 1.1330 and 1.08.
So I am...
FX:EURJPY is long term uptrending. See weekly chart and monthly charts.
FX:EURJPY finds resistance at 137.40 to 137.60 on a four hour chart and daily charts. See declining red line. If that red line is broken within that region of 137.20 and 137.60 than the price could move up. If in the other hand the price goes below 134 ish the price could continue to much...
SP500 price action is headed for tough resistances. It is currently in a an ascending channel finding support in the line depicted on the chart. This is simple connecting highs and lows points however these points are of relevance.
The last SP500 high coincided with sistematic RSI divergences on the weekly and monthly charts. IT is shown as the last resistance...
I believe that two digit decline of stock market in china last August may have triggered the turn and recently FMI Chief Executive Madame Lagarde said it anticipated or revised global economy growth to mild. Both of this events are being reflected in the SP500 as we have been seeing RSI divergences for the couple last months. Those are clearly defined in the...
