EuroMotif

EuroMotif Mod Updated 

I am of the opinion that Gold will continue its downtrend, eventually making a new lower low. The Dollar strength is undeniable, Bond Yields have spiked, the Fed remains hawkish with rate hikes. All of this reduces the speculative demand for Gold , as it pays no interest, and there is no global crisis happening. So I am watching for sings of the corrective...

EuroMotif Mod Updated 

Possible pathway for the Nikkei index to complete retrace. Anticipating an ABC correction toward the wave 4 of uptrend. As usual, the Red zones represent resistance and Green are support. Once such a zone is broken, it often turns the opposite, as you know.

EuroMotif Mod Updated 

GU opened the new week with a Gap down based on Brexit news. Waiting for an attempt to close the gap, although I think it will not close it entirely, at least not early in the week. Next scheduled Brexit news is on Wednesday, after the EU summit at which time negotiations are to continue. So my speculation is that the Pound will be week for the first half of the...

EuroMotif Mod

UJ looks to be completing a wave 5 down. Looking for a bounce soon, probably just a dead cat. I will be watching Gold and Equities for signs of some risk-on sentiment. But it sentiment remains risk-off (Stocks keep dropping and Gold keeps going up), then I will NOT enter a long here. Lets see how this plays out.

EuroMotif Mod

Risk-Off seems to be in the air. Based on numerous fibs, I could see the index dropping to 2500. The ABC path I have drawn is a rough guess. BUT the supports (green zones) are NOT rough guesses, but precisely defined by Fibs. Lets see how it goes. I am sure Trump will say more things to try and prop it up.

EuroMotif Mod

AU might have double bottomed, but I am thinking not. Looks like a wave mini wave 5 down is still needed to finish the 12345 process. I will be watching the two green zones for possible bounces. Of course, it could just fly straight up from here too, been pretty crazy moves this week with risk-off.

EuroMotif Mod Updated 

Just a quick plot to watch the three zones of interest for possible short entries. The three zones are in my opinion resistance. The zone marked with end of Wave (C) is most likely I think. Barring great news regarding Brexit, I think the bounce is almost done. Looks like an ABC correction to a down move. Background: This is an update to my last short term...

EuroMotif Mod

Quick plot to track the retrace. This is a followup to my previous idea look for EU to top around the Weekly Central Pivot:

EuroMotif Mod Updated 

Just a quick plot to watch for shorting opportunities. Ideally looking to sell the Weekly Central Pivot. There is Minor economic news in a couple hours out of EURO and Major news (GDP) out of UK coming. So will be watching for price action around those events. Background: My EU shorting adventure began in early 2018 while looking for a top around 1.2500 As...

EuroMotif Mod Updated 

This is an update to my previous idea looking for UJ to retrace. This is a short term outlook, but the results could have significant long term outlook. I think the ABC is not quite done yet, wave C has only 3 waves down, and now a wave 4 up. So lets see where the final leg (w5) of wave C ends up. That will be very telling of risk sentiment. Background: This...

EuroMotif Mod Updated 

Some thoughts on possible UJ correction in the form of an ABC. This is NOT a trade I am looking for, especially before NFP. Just a post to see how it plays out, and how NFP effects the movement. Background: I started this UJ journey after noticing a ''MegaPhone'' or ''Expanding Triangle'' pattern, and thought volatility was coming Once it broke out of the...

EuroMotif Mod Updated 

The Green buy zones are calculated from the Fibonacci ratios of recent moves.

EuroMotif Mod Updated 

EU is currently stuck between two zones, with no clear direction. I see two possible paths if it breaks out of the zone: 1) ABC correction is done (blue) and we start heading down with a 1235 impulse wave. Watching the contested 1.15 round to break in which case the Blue path is validated. or 2) ABC correction is NOT done (green) and we push higher to the 1.16...

EuroMotif Mod Updated 

GU moved up with momentum late last week. I am looking for a pullback and then continuation up. Of course, Brexit news could stop any move instantly, and this up move was based mostly on talks with EU. So I am watching the green zones for support to enter longs, and red zones for take profits. Background My GU adventure started with a search for top of uptrend...

EuroMotif Mod Updated 

I see three likely support zones based on Fibonacci measurements of recent moves. The green zones are where I will be looking to enter longs.

EuroMotif Mod Updated 

I am of the opinion that AU will continue the downtrend based on momentum. I will be watching the three red zones for potential short entries.

EuroMotif Mod Updated 

I am of the opinion that NU along with AU will continue downtrend based on momentum. But I think they are at or near short term support zones. I will be looking for a bounce to short. The red zones are my areas of interest currently. NOTE : to better see the overlapping numbers on my zones, drag the price scale on right side UPWARDS to magnify.

EuroMotif Mod

I am thinking XRP is approaching a support zone. We might also be completing and ABCDE correction