Pashabxl

Pashabxl

EURUSD is still on the track for 1.375. Bellow 1.3525 it is a reversal. 1.355 played a nice role as support level. Yet EURUSD needs to break the 1.362 resistance level is order to achieve 1.366 and 1.372. And indicators show that we might very well be optimistic to achieve the goal. The trading goal is still on our side.

Pashabxl

The pair is in a little correction but nothing to worry yet. 101.3 is a very critical support. A rebound from 101.5 may be expected. Bellow 101.5, the vital level is 101.3 bellow which it may be a reversal. A re bounce at 101.3 would form a double bottom with 102.2 as a neckline and 102.5-103.2 as a target. So we do watch carefully the pair and stay alert.

Pashabxl

The adage was saying sell in may and come back in september. But for those who applied this adage by word lost a lot of money, or at least have been stopped by there SL which by the way is not a Mercedes. QE3 is decreasing step by step but is still in the market. Tappering schedule did not change at all. There is still cheap money in the market i.e FED and ECB...

Pashabxl

This is the real big picture...... Everything is said.... The rest is your own decision. Bare in mind that no computer nor any central bank can foresee the behavior of an investor particularly when in doubt or fears.

Pashabxl

Well, everything is said in the Chart and I try to draw the forthcoming move of the Index. We are still in a correction phase until 9450 or around, which would be approxm a 5% correction.

Pashabxl

On a big picture, Gold attempted for the third time to break 1330 which at 1330.66 is 61.8 % of Fibo retracement. Two out of three attempt were made with a great momentum, a powerfull market, but it didn't work at all. Based on Fibo, important levels remain 1301.66 i.e 50% of the retracement and 1272.5. On the chart, based on the previous moves of GOLD, 1303,...

Pashabxl

=THE TITLE IS WRONG. GOLD COULD NOT BREAK 1130 On a big picture, Gold attempted for the third time to break 1330 which at 1330.66 is 61.8 % of Fibo retracement. Two out of three attempt were made with a great momentum, a powerfull market, but it didn't work at all. Based on Fibo, important levels remain 1301.66 i.e 50% of the retracement and 1272.5. On the...

Pashabxl

A quick update on EURUSD, where RSI is at the lowest level. The chart shows a double bottom pattern which needs to be confirmed with the next candle. If that is the case, the neckline is at 1.369 and after a little pull back to 1.366, we may be very much in a situation where from 1.366 the way would be cleared until 1.372 and 1.375. From 1.355 to 1.375, we would...

Pashabxl

I have already published a study on a 4H chart with regard EURUSD and my expectations. On the big picture, there is no change in our headline goal which remains 1.375.

Pashabxl

EURUSD is still in the oath for 1.375. We are at around 1.3585 at the opening with indicator underlining an oversold level at STOCH as well as on RSI. If we were at 1.3600 at an overbought level, I would have reviewed or cancel my previous analysis because the correction would have been bellow 1.355 i.e means 1.34XX and it would have been very difficult to go...

Pashabxl

Gold had a little bit of a too much upside, at least more then I was expecting. In deed when the precious metal was at 1250, I had forssen a little marginal move towards 1280 or 1303 but not 1333. Nevertheless, Gold could not hold at that level and is heading again towards 1313, 1303 and 1280. At the very moment, the precious metal is overbought and there will...

Pashabxl

As foreseen, ECB did not change its interest rate for many reasons. First Draghi has to see the effect of the former decision to lower the interest rate in the market. And yet it is too early to see the impact. Second, issue is that there is still cheap money in the market and no risk of inflation. Therefore, the parameter will not change on the short term basis....

Pashabxl

There is nothing to add to the chart and the forecast I did for the last several days. USDJPY target remain still 103.5. When Stoch is at the oversold level, i.e around 102.5-102.8, we may see a little correction that would be healthy and keeping the target of 103.5, the correction may be until 102.25 or around. Bare in mind that when you go down the momentum and...

Pashabxl

USDJPY's trading plan is still valid. My benchmark is 101.5 and the key support level is 101.325. Indicators show that we are at an oversold level because of FEd's Early announcement concerning the increase of the interest rate. However, USD is the strong currency on the USDJPY pair. The black forcast shows the expected curve and trend of USDJPY. Please...

Pashabxl

EURUSD is following the path and the pattern we have forseen for the last days and weeks. The first move was towards 1.3980. Then a sharp fall until 1.3485. Now the trading plan is the last try of EUR towards 1.375, 1.382 and 1.385. Depending on the timing and the momentum, the market may try to hit EUR high towards 1.40 before ECB makes a clear intervention....

Pashabxl

DAX is still in a correction phase and not in a reversal phase. Indicators show clearly that we are in an overbought level. However, there isn't yet any sign a trend reversal. Therefore, the index may go smoothly down towards 9475. At that level, depending how fast it reaches this level, we may be faced with a double bottom. If this level is broken, the next...

Pashabxl

USDJPY is almost at its lowest level but the pair is in a falling wedge pattern. FEd decided not to increase its interest rate before 1Q15 therefore, the expected rise of USD against JPY has been a little bit delayed. however, USD is the string currency against JPY and there is no delay in the tappering program. I.E there will be less money in the market as far...

Pashabxl

EURUSD pair is still moving on the upside. The initial sign is the Tenkan-Kijun twist outside the cloud. Generaly if this twist is being made outside the cloud, it can be consider as an initial sign for a heavy momentum on the upside. The lagging span is trying to enter the proce which if confirmed will be the second sign. Although there isn't a Kumo twist in...