Triangle with potential target at 3.50 for xrpusd. Long term scenario
monthly time frame on gold bugs index / MONTHLY bullish divergence / FIRST TARGET 368 / 50% RETRACEMENT SECOND TARGET 638
LONG TERM BULLISH (GREEN) CHANNEL VS MIDTERM BEARISH CHANNEL (RED)
WE MIGHT BE SEEING A SIMILAR TRADE ON EURUSD. THE 22/01/2015 AFTER ECB STIMULUS WE GO TO 1.1215 IN 2 DAYS. AS YOU CAN SEE EURUSD HIT THE HIGH OF ITS SLIGHTLY BULLISH CHANNEL AT 1.1715 AND IN THE SAME TIME ITS ANNUAL MOVING AVERAGE 250.
WE CAN SEE MAY BE THE LAST ELLIOT TRIANGLE WAVE E.. THE SET UP IS NICE TO PLAY AS THE RISK REWARD IS HIGH 3.2. I PUT A STOP LOSS AT 1.1715 ( ABOVE THE HIGH OF THE YEAR 1.1650 WHEN THE ECB DID A STIMULUS OF 1100 BN IN JANUARY 2015. THE TARGET IS AROUND 1.02/1.03
YOU CAN SEE A STRONG BULLISH DIVERGENCE ON RSI FROM 20 YEARS(1997). WE COULD SEE THE SAME SCENARIO THAN IN 1997 AS CHINA AND PERIPHERAL COUNTRY COULD SUFFER ABOUT THE ASIA STOCK MARKETS IN THE TURMOIL AND A SLOW ECONOMIC PACE. LONG 1.37 STOP 1.3150 TAKE PROFIT 1.5360
try under pressure with syria go long eurtry target at 3.27 stop at 3
long eurgbp at 0.7050 stop 0.6997 target 0.725. Uk inflation close to 0% + UK exit UE referendum = risk losing AAA bullish RSI divergence + low channel from 0.99 in 2009 to 0.69 in 2015
This chart is quite interesting we could see some pull back on a rsi 250 . eurusd is still under its 250 moving average. So I think we are just in a consolidation trend and the bearish trend should be back soon as the slope of the moving average is really negative. we should do at least a double bottom and go towards 1.04. A break out of 1.04 and we will see the parity.
as Draghi said we got used to see volatility on bond market
WE CAN SEE THAN THE NFP THE 08.05 AND THE LAST NFP ON FRIDAY 05.06 WAS AT THE SAME LEVEL 1.1290 BEFORE THE ANNOUNCEMENT OF THE THE FIGURES (BETTER BOTH THAN THE EXPECTATION). THEN THE 11 MAY GREECE RE-PAID THE IMF 750 MIO ANS WE SAW A MOVE UP TILL 1.14. BUT THIS FRIDAY, THE GREECE DIDN'T PAY ITS 350 MIO DUE TO THE IMF. THUS WE COULD BE EASILY BACK TO THE 1.0875...
Creditors agree bailout offer for Greece and it will be intoduced to Athen in Wednesday but not sure the greece accepts this deal before friday
NZD Inflation Rate MoM TURNED NEGATIVE -0.3%.the gbpnzd could be back to its 2008 level at 2.43 , as gbpaud is back to its 2008 level around 2,03 , meaning in the same way, that audnzd is bullish on a monthly setup too. you can find below the chart for audnzd and gbpaud
after us gdp shrank on friday, we could think that eurusd goes toward its resistance at 1.1040. Then, euro could be again underpressure if ECB / IMF don't find any aggreement with greece.
Gbpusd could be bullish on the GDP growth rate announcement at 10:30 , we could see a small upside surprise regarding the GDP figure as we had on the last UK retail sales better than the forecast, Technically we have a bullish divergence RSI, A break out of 1,5380 target 1,5440 then 1,5510 On the opposite way, a break out of 1,5290 we could see 1,5190
usdjpy potential correction divergence rsi before japan inflation and us gdp short 123.90 stop 124.45 traget 1 123.25 target 2 122.80