Pashabxl

Pashabxl

This is a big picture scheme about the State of Play with regard DAX. When trading on a daily basis, we may forget the big picture. As a reminder, if one look at the last 5 years, DAX did classical move, even when you do include the crises period. The very mechanical move of DAX suggest that The level of Pre Crises was a resistance. After the crises, and with...

Pashabxl

Despite the twist between Tenkan and Kijun, the lagging span didn't penetrate the price yet, and the Kumo Twist indicate still that the move in not upside yet. Therefore, if there will be a move, market is still apparently favoring the downside scenario, but we are not yet in siuation where there are clear signals in one direction or the other. The kumo twist and...

Pashabxl

No doubt that there are many ways study the present situation of NASDAQ. However, this time, I am keeping in mind all the news that have been announced and that markets have already bought. No new announcement foreseen and nothing to steam the market for the moment. On a short term basis, Target 3515 would be realistic....

Pashabxl

Bellow 1280, there is 1240, 1200, 1180 and even 1120, 1060. Therefore,I will wait to see all the steam out of gold Since 1800++ to 1180 even 1060 before thinking to change any position.

Pashabxl

There is a clear fight between BULL and Bear on the EURUSD Pair. Ichimoku shows that it is 50%-50% with a little favor for the Bear if we do observe initial signals, such as the lagging span inside the cloud and oriented downward. If Bear wins the fight, it is to confirm that ECB is not bluffing, market beleieve in a reaction of Draghi on June 4th. If Bulls...

Pashabxl

On a weekly chart, it appears that there was a double top formation. Of course, it is the first sign, we need to see the price going down to the neck line, that would give the second clear sign and the rest will come by itself. As far as technical indicators are concerned, on a STOCH or Willam R% basis, we may appear to be overbought, but, if you bare in mind the...

Pashabxl

This morning 9 AM CET( central European Time) , the market went up and down and the race between bull and bear appears to end at that stage in favor of the BULL. The twist of the trend has started. In Early hours with a 1H and 2H Ichi, the signal were clear but was not confirmed at H4. Now there is a initial move on a 4H basis but it needs to be confirmed and...

Pashabxl

Well on an Ichimoku draw, EURUSD hasn't yet change its trend. So we'd better wait for a signal before we enter the market either to confirm the Bear or for the reversal signal. For the prudent traders like me, we need 4 signals to confirm the reversal of the trend. LAgging span inside out the cloud, a kumo twist, a reversal between Tenkan and Kijun Tenkan Up,...

Pashabxl

CADJPY pair is preempting to move of SPX500 as you will see on the daily graphic. The momentum and the move of CADJPY is bigger, but when CADJPY is UP, SPX500 is up and when CADJPY is down, SPX500 is down after a while... But of course bare in mind that CORRELATION DOESN'T IMPLY CAUSATION ;-)

Pashabxl

Well, I don't know if we are in a wave 5 period. But there are some element and we shouldn't disregard the possibility. If that is the case, the target would be 1.4018 before ECB make an intervention eventually....

Pashabxl

There has been a big move down the hill for the index. Next week, this may rise up a little bit as a technical correction, but the fall of the index may follow the move of other index i.e DAX, CAC40 to say the least

Pashabxl

The level of VIX is very low. MArkets appear very confident and we can say over confident. However, as I have mentioned few days ago comparing VIX with DOWI, the are initial sign of a reversal trend. It is ofcourse too early, but one should keep in mind that STOCH, MACD as well as the move of the candles suggest that we may well be at the initial pahse of a bull...

Pashabxl

In my view, political agenda , economic agenda and the behaviour of EURO against USD will give the direction and the impetus for USDJPY. On a purely mechanical point of view, BoJ is still printing a huge amount of Yen comparing to the calendar of FED where Yellen is still sticking to the tapering. On the Other hand, ECB President Draghi, will make his statement...

Pashabxl

It was interesting to observe CAC40 this week. Despite the move down of DAX30, DJI, SP500, NSDQ, event Eurostoxx, CAC40 try to stick upside at a range between 44500 and 4500. MACD shows that there is no momentum, no more steam to keep CAC40 that high up. But STOCH shows that there is a try to keep it up at 4500 as if this range would be a proof of a healthy ...

Pashabxl

On a purely ch artist approach, putting aside the political agenda, many indicators shows that DAX is about to change momentarily its trend to Bear. MA 16-50-100 are an important set of signals. STOCH as well. MACD will be the confirming signal, and to real move may start when, RSI is bellow 50. There may be a rebound to 9690-9750 but the overall pictures show...

Pashabxl

We are on a crossroad, although, indicators shows that the move in on the downside against Euro. If 1.3660 is broken, i.e we can consider this chart as a double bottom formation, therefore neckline is clear and to move would be toward 1.3560. It would also mean that the market starts to feel the first effect of tappering as well as the statement of Draghi as a...

Pashabxl

Although I remain neutral on EURUSD, Indicators show that EURO could continue to melt agains the USD. The pair has systematically broken MA16, 50 and 100. And MA16 crossed MA50. In addition, Stoch as well as MACD are still on the down side. RSI is about to come to an oversold level. But despite this, market may think that : 1-ECB PResident Draghi is not...

Pashabxl

As forseen, Gold didn't make the break through market and analysts were expecting. Still it is for my point of view to early to enter the market, unless you are a stunt trader.