KrunchieKilleen

KrunchieKilleen

The range of the current down-trend of the EUR/USD is shown by the shaded area. Allowing c. 2.4% for upswings within the range suggests a Trailing Stop above 2.5%, e.g., at 3%. While the Euro has 6% more to go, as we near the target of $1.1, we should not be too surprised if a trend reversal happens a little early. We would review and reduce our Trailing Stop as...

KrunchieKilleen

Since April 2014 the Euro has fallen nearly 15% against the US Dollar and continues to trend strongly down. When it reaches Support Line C, it will have fallen by 21%. The strength of its downward momentum might carry it right through this Support LIne. The reversal, when it comes, is likely to be quite sudden. The last down-trend (though not as steeply sloped as...

KrunchieKilleen

The Downtrend of the Euro against the US Dollar that began in April 2014 continues unabated. The movement is spectacularly smooth, reminiscent of (though not quite as steep as) Downtrend B of 2008, which brought the value from a high of $1.57 right down to $1.27. Since the American Economy continues to strengthen (while Europe languishes) and the end of ZIRP in...

KrunchieKilleen

Stuck at Support Line A for the last while, there was doubt as to whether the Euro would continue to fall against the US Dollar, as market pressures would suggest, or whether the chart would bounce off Line A. Yesterday's downswing brought the chart clearly through Support Line A. The doubt is over. The Euro will continue its dive (with occasional pausses) until...

KrunchieKilleen

At the top of an upswing, the chart indicates the Euro now swinging down against the US Dollar. Some easing of the rate of the downtrend is seen in the recent oscillations, shaded on the chart. The security is now in a strong Long-term Support Zone, but economic pressure surely continues to strengthen the Dollar against all comers.Today's FOMC meeting can hardly...

KrunchieKilleen

Joining the bottoms gives a neat parabolic shape, indicating that the Euro downtrend against the US Dollar is gradually ending. Joining the tops gives another parabolic shape, but not entirely parallel with the Supporting parabola. In fact, the two parabolas are converging. My confidence in predicting that the downtrend of the EUR/USD will continue for some more...

KrunchieKilleen

Yesterday's rise in the Euro against the US Dollar forces us to have another look at our prediction that the EUR/USD would continue its plunge for several more months. The last downswing ended prematurely and yesterday's upswing broke through the One-year Resistance Line. Joining the recent tops and bottoms indicates that the downtrend slope may be moderating, and...

KrunchieKilleen

DIA (Dow Industrials ETF) fell strongly over the last two days. My chart shows a Resistance Line and Support Zone based on performance for one year. The price fell only to the top of the Resistance Zone today. If this is just a downswing and not the commencement of the expected Big Dip, then the graph will bounce back from either the top or the bottom of the...

KrunchieKilleen

Today's bounce in the Euro, in immediate response to Draghi's speech, is, in my view, just a mini spike, caused by Bulls waiting for an excuse to buy. The graph has turned down at this minute in time, and will continue downwards.

KrunchieKilleen

The Dow fell dramatically today. I wait to see if it will break through the Support Line before proclaiming (once again) that the Big Dip is commencing.

KrunchieKilleen

Today, the Euro dropped dramatically against the US Dollar, breaching long-term Support Line A, as I had predicted. Next stop is Support Line B (at c. $1.1) or even Support LIne C (at c. $1.05)

KrunchieKilleen

Repeating previous patterns, the EURO will fall against the Dollar in the coming 10 days, to pause again around the $1.20 mark.

KrunchieKilleen

Despite a bit of a rally since 6 Nov, the trend of the Euro against the US Dollar is still downwards.

KrunchieKilleen

The week-long pause in the Euro's plunge against the US Dollar has come to an end, and the downward plunge resumes.

KrunchieKilleen

We shorted too soon (Friday last, 7 Nov) and our Stop-Loss Order took us out. Now we observe the wedge closing, a strong indication that the securiy will plunge at last. We renew our short accordingly, looking for several percentage points of profit, and placing a Trailing Stop at 1% rebound.

KrunchieKilleen

Land Sescurities Group, leading British REIT, will report today on Q2, very good results expected. A pattern of 10% spikes indicates a significant probability that the share price will spike again in response to this event. A punt at the current price is, therefore, warranted.

KrunchieKilleen

Waiting for the DOW parabola to reach its top, we have seen many false tops. Is this another, or is it the real thing?

KrunchieKilleen

This pattern has happened before (in 1999/ 2000): converging trend lines, chart hitting bottom of Bollinger Band, economic/ political forces putting Euro under pressure.