Pashabxl

Pashabxl

SPX will face a correction. On this WEEKLY Chart, it appears clearly that SPX is coming to the limit of its growing channel. The only question is when. In the meantime, a lot of short try may fail. Therefore, it is always better to focus on the leverage and a large SL for those who can't wait the proper time to short.

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Well, VIx is in a forced uptrend, because of the oversold level on the one hand, and the overconfidence of the market on the other. It means that all indexes are higher then they should be. Stoch switch from the oversold level to a regular long level. This is the initial sign of a reversal trend in Indexes as well as on VIX. At least a technical correction for...

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Gold is not yet facing a change in the trend. The general trend is still on the downside. However, the Commodity was in an oversold situation and ECB has decided to lower its interest rate. Therefore, there was a normal move towards gold, seen as a safe heaven for the investor. Having said that, although there is a technical move on the upside, this should be...

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This study has been drawn on a weekly chart. My forcast regarding DAX since QE3 i.e September 2012 was 9706 and I have mentioned it many times in my previous studies. I still consider that as of now, and above 9706, we are at an illusive and exessive level, this is also confirmed by the STOCH and you can even ad RSI or W%R. Nevertheless, I am not the...

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ECB President was very clear. There is yet no sign of growth in Europe and worst, a risk of deflation. Refi interest rate has been lowered, and even on the deposit rate, ECB decided to go to a negative rate, like BoJ did in the past. One can think that money withdrawn from the saving accounts would go on the market, but the market is very week, with no growth...

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USDJPY is a nice pair having mechanical behaviour to political and economic statements and decision. Remember when FEd decided QE1, USD shrink against the YEN, but when BoJ decided to put its QE, it was the otherway around. At the present, we do have FED's Tappering vs Boj decision to put an end to the QE. But BoJ push really hard the QE. where as FED's QE1+2+3...

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Dear readers, no suprise, as forseen, interest rates have been lowered by ECB President Draghi and no QE has been announced yet although ECB state that they are working on it. 2-We have seen the price as I've forseen yesterday, i.e 4 candles before ECB decision that price my go down to 1.355 and even 1.352 which it did, and now there is a recovery towards 1.362...

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In principale market has already priced ECB interst rate decision i.e to lower the interest rate and refi rate to negatif. Therefore is no decision is taken, Eur will jump high against USD. If the decision of ECB is limited to interst rate cut, then, there may be a swift move down to 1.355 or even bellow to 1.352 but the buyers will come back on the market,...

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On my analysis yesterday, I have reminded the importance of the 3rd candle. If the 3rd candle was crossing the Kumo cloud , we can consider that the reversal trend is almost done. Just as a reminder. 1st signal. Tenkan Kijun twist. 2nd Signal. Candle 1 and 2's effort to penetrate the Kumo CLoud. 3rd signal the lagging span which has penetrated the cloud the...

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Nasdaq is over performing. STOCH is at the overbought level. Confirmed by VIX index as well. The market was and is too overconfident but there are initial signs for a reversal at least for the aim of a correction if not more.

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CIX is always a nice counter mesure tool to confirm the direction of the indexes. The market was too overconfident and VIX was at its lowest level. But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down. STOCH and MACD give the hint. We need to see a confirmation if it is just a...

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SPX is still the a raising wedge pattern. Technical indicators shows clearly that we are at an overbought level. Therefore the index may face a technical correction ,and may be a short term reversal as well. Anyway, many attempts to break over 1925 but none of them were successfull and powerfull enough to install SPX above that level. On a purely macro economic...

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CAC40's was on an excessive level. Above 4506, it is a very illusive and excessive level as far as I am concerned. YOu can clearly see on my previous studies that my headline goal was 4506. I could have reviewed this level if ECB was clearly announcing a European QE which will not yet be the case. Having said that, on a purely technical aspect, the index may face...

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On a purely technical aspect, DAX is facing a heavy resistance over 9950. My personal target of FED's QE3 based on QE1+QE2+ DAX's index earning being reinvest in the market was and still is 9706. Therefore I do consider every level above 9706 excessive and overbought as it is now. STOCH Shows clearly the signal of correction. Since Mid March, even later early...

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Some FOREX pairs's future are really in between the lips of CB's President either ECB for EURUSD or FED and Yellen for USDJPY. Having said that, the future of USDJPY is in the lips of Yellen. there might be a technical correction on the pair in favor or JPY towards 101.5 or even a little bit bellow, but on a long run, particularly of FED increases its interest...

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We are at 12 candles sticks before ECB PResident Mario Draghi makes its statement with regard the interest rate. In both cases, lowering interest rate to -0.25 or keeping the interest rate as it is will not give an impetus to the market because European Banks own savings will not go to investment or to facilitate the credits line for SME's, and the private...

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Gold may face a litle technical correction up side. But the general trend remains on the downside. Next June 5th ECB announcement with a "possible" negative interest rate decision of ECB may favor on a short term basis some private trader to invest on GOLD in order to protect their investment and money from desinflation, but, it would be illusive to think that on...

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The future of USDJPY pair is in the hands of the FED. BoJ made its announcement in the past week and decided to put an end to the Quantitative easing. On a very long term basis, USD vs JPY fight should end with USD being on the winning side. The "Historical" trading range of USDJPY is between 99 and 104 when the market is not distorted by Central Banks action...