Pashabxl

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The French index has confirmed the down move as you may see on this ichimoku. Although the index is trying to make a little upside correction, the general trend remain on the downside until 4200 at least.

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SPX's correction is still on the track. Indicators show that there is no more momentum for a proper upside move. Therefore until RSI comes to an oversold level and momentum changes, we may take Fibo retracement as a benchmark for the correction phase. 1926 is the initial confirmation level of the correction phase, followed by 1889 and 1860. 1895 is a serious...

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The German index is continuing its correction process. For those who follow me closely, you may be able to remember the Double then Triple Top identified in my previous studies with the neckline and the pull back level. The pull back as well as the neckline are all very close to FIB retracement level. Therefore the estimated correction may continue towards 9765,...

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USDJPY is on the move. Altough the pair didn't cross 101.8 in a sustainable way, it is still above 101.5 which is our benchmark. At the present time, the pair is at an oversold level, i.e correction is imminent. If the correction level remain around 101.5-101.3, USDJPY may jump on the upside. Based on Ichimoku, we have 2 out of 4 positives signal for an upside....

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EUR looses ground against USD but, 1.355 is still a solid support and at the level we are now, indicators show that we are at an oversold level at least for STOCH. Therefore, unless there is a big suprises, we may try again on the upside starting at 1.355 for 1.362. Above 1.362, the first stage remain 1.366 before a little correction and then the next step...

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No suprise that the price couldn't hold above 1330 even though there was a little break of the resistance. But it is a tough resistance level, and yet not a solid support level. You really need to climb high in order to come down at 1330 before going to a second move up, but yet the precious metal is not even trading in a channel. To see the price raising, you...

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On a weekly chart, EURUSD has given the initial signal of the reversal through the TENKAN-KIJUN twist. Of course other signals have to confirm the reversal and we are not there yet, but the reversal will be heavy baring in mind that the TENKAN-KIJUN twist occurred outside the Kumo Cloud. But yet the Lagging span didn't penetrate the price and the cloud and STOCH...

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Gold is still bearish despite some move on the upside. Yet there is no sign of a reversal. On the big picture, for a reversal, we need at least 4 signals, and none of them have appeared yet. And bare in mind that the bottom of the Kumo Cloud is still being used as a Resistance level. The bearish cycle should end before, Bull signal are being initiated. Of...

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This is a big picture SPX chart. On a monthly timescale we can easily observe the effect of QE2 and WE3 on the index. Now the question should be what will happen with the the end of QE3 in October? Will ECB really take the relay of FED with ABS? Will EU money flow on US market as US money flow in the European Stock Exchanges? That is the quesion. But for sure...

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USDJPY has faced a little turbulence last week based on FOMC minutes and the releases of US statistics. But since then, the pair took again its "natural" path and this path will face an impetus as soon as FED will decide to increase the interest rate. But we are not there yet. At the present time, 101.3 became a more solid support i.e STOCH level which did not...

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CAC has faced a normal correction phase until 4280. At that level, indicators show clearly that we are at an oversold level. Bare in mind that ECB may be able to announce an ABS with an amount and a timing. Therefore the second correction phase may slow down. Initialy the first correction was at around 4350 and the second one at 4180. Because we are at an...

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EURUSD is in the expected path despite some small correction or hesitation of the market. Indicators show clearly that at 1.362 we are already at an oversold level, i.e we are much above our benchmark which is 1.355. In other words, the first target which is 1.366 still remain. The second target is being 1.372-1.375. Bare in mind that ECB President ABS...

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Gold moved up as the indexes went into a correction gateway. But the precious metal could not hold above 1330 which is a key level. If XAUUSD would have broken 1330 and break this resistance which would have become a support level, we would have thought to other move. But yet, the move is still on the down side. 1313, 1309, 1284, 1259 and 1228. Of course on the...

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USDJPY pair is still holding 101.5 as a support level. This support level is important and rather solid however, one should carefully watch the zone between 101.25 and 101.5. Indicators show that there is still a room for the downside, but we would be at an oversold level, i.e market would react immediatly on the upside. Therefore as far as 101.5 is holding, the...

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Progressively, EUR is gaining against USD as we have foreseen. Of course it is like a GOLF game. From 1.355 to 1.375 there is 4 handicaps. We have achieved three of them out of four :-) 1.355, 1.3585 and 1.362. Now the target is 1.366 and then the next one is 1.372 and finaly for this session it may be very much 1.375. The rest of the details can be found in the...

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Gold may jump to 1330 and even to 1350 from time to time but the overall path is still a direction downward toward the estimative level of 1180 which is a solid support. Therefore those who may be try to already go uphill may do it at their own risk. My guess is that it is still too early. You do have a big picture and an ichimoku study based on a monthly...

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A quick update with regard EURUSD pair based on Ichimoku because on these time frame, it is a nice analysis tools to foresee the next potential move. 4 basics signals as usual. 1-The Kumo Twist which appears obviously in favor of an uptrend even for the next 26 period i.e the next 26 hours. 2-Tenkan-Kijun Twist, confirming the upside. 3- The Lagging span is...

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Generaly, I do not make public studies concerning IUX unless they is a clear or obvious pattern because contrary to other indexes, I do not follow on hour base this index as I do for SPX DOWI CAC and DAX. Having said that, there is a clear opportunity for those who wishes to enter short RUSSEL 2000 because unless I am mistaken, there is a very very clear double...