Pashabxl

Pashabxl

XAUUSD may have exceed the target I have foreseen in my previous studies where I have underlined the idea that 1280 or 1303 may be the target for stunt trader, but overall the headline goal remain 1180 because nothing justify 1330 and even above.

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On my previous studies, I have underlined two important issues. First issue was the importance of 1.355 level. This is a very solid support and resistance level. Since this level has not been broken, and baring in mind the technical indicators such Stoch or W%R are showing that we are in an oversold situation, unless there is a tremendous political decision that...

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Nothing new on the side of gold. In my previous analysis I have underlined many times that there was a room for an upside until 1280, we may revise it to 1303 ultimately but the overall move of gold is still on the donwside towards 1180.

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You are very able to read my previous analysis concerning gold. At 1240 I was saying that there was a little room for a upside move towards 1280 but that the general trend is still on the down side. I do maintain my view that on a long term basis, Gold may see clearly 1180 and even bellow before switching to a long term strategy. With the increase of inflation in...

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Here we are. As forseen for several days, the correction on indexes has been ignited. SPX has started the initiative following by DOWI DAX NASDAQ CAC SMI and tomorrow it will continue with IBEX35. On the other hand, VIX jump up one to a sudden. The midway to the correction may be around 1840-1820. Here we are.... At last....In the mean time those who are...

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Everything is said on the chart. One can see my previous analysis published. It looks like we can buy at around 101.5 and sell around 103.5 The swing trade model.....

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After the fall of EUR against USD, and the announcement of ECB with regard the interest rate, there has been a little move up on GOLD. It could also be interpreted as an upside technical correction because of the very low level of the indicators such as STOCH, William%R or even RSI. Having said that, although there may be a little room on the upside towards...

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CAC has started to initiate the technical correction I have forseen for the last weeks. The process has been slow because of ECB's intervention, the expectation raised before and the political situation in France. Indicators show clearly that we are in an overbought level and the correction process has started. Fibo retracement could be used as target and...

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For those who do follow my DAX chart and analysis, as forseen, the index has started its correction. We have a confirmed Raisong Wedge pattern and a beginning of a correction on DAX. This correction may also be on a medium term a reversal, but we are not there yet. As far as the correction is concern, one can easily have 9763 as an initial target, then a little...

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Well there isn't much to say about the chart. It is a daily chart of the 3 Months Highs NASDAQ. The trend line is obvious, the indicators are clear, the trend as well. Keep in mind the prices of Today, and think about the eventual outcome for tomorrow. Only stunt traders would go long these days... Or those who have money to waist...

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SPX has faced a very long, quick raising trend. The Raising Wedged didn't break with a pull back, but to the contrary with a second raising wedge on the upside. A normal raising wedge would break up on the downside with a pull back correction. But we do hevae a raising wedge within a raising wedge. This is the outcome of too optimistic political statement about...

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EURUSD has respond to ECB decision to lower the interest rate. The decision was already known. Market anticipate the decision and from 1.3980, Euro went down to 1.372 and then 1.3502. ECB confirmed its decision to lower the interest rate, and now the market is in a kind of political equilibrium, but not yet in an equilibrium between BULL and BEARS. Indicators...

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CAC had a very classical pattern from a raising channel to correction. This has occured at least three times for the last 18 month. When CAC cannot enter into a raising channel because of lack of momentum, or hesitation from the market, it enter into a trading range channel where you buy at around 4400 and sell at around 4500. But since the ECB expectation and...

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If World economy was good, ECB wouldn't think about putting into the market a European QE, nor would it plan any ABS or LTRO. ECB wouldn't lower the interest rate that low, even on the negative side in order to push the banks to give loans which bank do not give. They do prefer to earn money from the market through options, warrants, turbo calls etc....

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Dowi is at a very very excessive level. On the Chart, you can clearly see the expansion channel. And we are very much above that channel. Indicators show clearly the excessive and overbought level of the market. the correction might be very severe and Sharp. Therefore, those who wishes to enter the market should be very carefull with there timing, the...

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The pattern is not very clear although we can think about the formation of a very sharp Falling Wedge because of the volatility of the market last week based on ECB announcement and NFP, or we have to wait for another candle to see if we are on the eve of the double bottom. Indicators such as Stoch suggest that we are at an oversold level, ie, we may face a...

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The pair may face a little correction towards %50 of Fibo retracement i.e 102.0XXX, however, baring in mind FED's decision ,the tapering schedule and BoJ decision, the pair is still on the strong side for the USD. In other words, even though there may be a correction even to 101.5, on a medium term, it is long for the USDJPY pair in favor of USD unless a polical...

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The raising wedge pattern is very clear. As I have mentioned in my previous chart, the market will try to hit above 10000, not that it is justify but just for the fun of it. At the present time, nothing justify such a huge expansion of the index toward 10000 and even further but market is being dominated by the buyers and the sellers are waiting for the good...