Pashabxl

Pashabxl

All the question is to see what is the war between buyers and sellers. On macro economic terms a high EUR against USd would ruin ECB's plan to import inflation. On the other hand a high valued USd would harm US economy. This is called an exchange rate tension if not an economic friendly "war" about the exchange rate. We will have to wait and se. Although on a...

Pashabxl

Since EUR is gaining some value against USD, XAUUSD is also gaining so value and that is why the precious metal is on the upside. On the very big picture, there isn't any change of trend, the precious metal should keep its swing in the channel. But there is an upside opportunity. 1224 and 1248 may be the upside target before EUR loose some value against USD

Pashabxl

Waiting for the kumo cloud

Pashabxl

Well, at the present on a purely Chartist approached, without taking into consideration the macro economic environment, here is the situation of EURUSD pair. Based on a purely chartist approach which I personaly never favor, one may keep in mind this possibility? On the chart, the ration works pretty well. So it should be taken into consideration. Although this...

Pashabxl

Thisis a big picture: state of play concerning XAUUSD. The precious metal is still on the downside channel with 1220 as a resistance upside and 1080 on the downside as a target. This may continue until FED decide to increase the interest rate. At first, by increasing interest rate, USD with gain value against EUR and this will not favor XAUUSD. but on a medium...

Pashabxl

Well despite my initial expectation, SPW continue its rising wedge pattern. Therefore this means that if confirmed, SPX would go until 2115 before breaking at around 2085 towards 2045 initialy and then 2002 which is a 0,382 Fibo retracement. On the macro economic side, FED is not yet in a position to increase its interest rate, therefore there is still cheap...

Pashabxl

VIX is an important indicator to watch when there are big moves on the market. I do not do a daily update although I do watch carefully everyday the index as well as other volatility index. But a monthly update is rather good. I will add my previous studies about VIX so that you can watch carefully the evolution of the volatility. On the macro economic front,...

Pashabxl

Since FED did not decide yet when to increase its interest rate but since this will not occur during the summer time, but September 15 at the earliest. Since there is no macro economic move on the US side, USD may loose grond against JPY before FED decides any action. Therefore the Ichimoku confirm the trend that it is on the downside with 118.32 that may be...

Pashabxl

Here is the big picture of EURUSD Pair. On the one hand, ECB is voluntarily devaluating EUR against USD in order to ease its export capabilities on the one hand, and import inflation through commodity price on the other hand. If you also keep in mind that FED would increase its interest rate on 3Q15 at the earliest of course, and by 0.25 base point, therefore,...

Pashabxl

DOWI may have seen its highest high of the Year. On the macro economic level, more there are sign of economic recovery, better is the chance of FED to increase its interest rate by September 2015. ALthough the increase will be slow, at the minimum level i.e 0.25 base point on the upside, the market is still rather tence on the timing of this raise. Therefore, One...

Pashabxl

At the very moment, DAX is facing a correction. It is still to be considered as a correction unless the index goes beyond 11408. The correction process may well go until 11600 by April 3rd. After that, ECB will continue to spread fresh money in the market, i.e 60 bio € which will by essence boost the equity market. It is a little time to take some profit from...

Pashabxl

XAUUSD made an upside correction emphasized by the tension in Yemen, the military operation of Saudi's and the sudden increase of WTI. However, on a 1D basis, there isn't any apparent sign of chnge of trend. I.E gold remain bearish and the upside correction may be very much over. It is over on a 1H chart, but yet not over on a 4H chart. However, the long term...

Pashabxl

As I have said in my previous studies, here is the lastest update. So the upside correction has come to an end and as forseen the primary target that was 1.10 has been achieved. The secondary target could have been 1.12 but yet ECB made the intervention. A high Commodity price with a low EUR is in the interest of ECB for its inflation policy. Keep in mind that...

Pashabxl

SPX is in a correction phase for the time being. If there was an apparent Kumo Twist, one could have considered the trend as a reversal, but this is not the case at least not yet. Therefore, we can consider thatthe correction phase may go until 2006. This is a solid support level. bellow 2006, the target is 1971 which is an interesting target. Bellow it would...

Pashabxl

Well , on the big picture, although there are some initial sign of a possible reversal of trend in GOLD, there is a real upside correction that may push gold towards 1205 and 1212 since 1202 target has been accomplished. But yet, there isn't any sign of a change of trend in Gold since there is no Kumo Twist nor any Tenkan-Kijun Twist yet. Although the Lagging...

Pashabxl

CAC 40 or FRA40 as you wish is in a correction process on the dowside. This correction may go until 4967 before ECB put on the table the second part of its QE i.e 60 bio€. On a 4H or 1D there isn't yet any sign of reversal trend. which means that this is just a correction for the time being. The correction will be confirmed on a 2H and 4H . And if on a 1D there...

Pashabxl

The pair is still on the upside correction. on a 1D chart, there is yet no sign of reversal i.e on the big picture the long term trend of EURUSD remain towards 1 and bellow. However, for the short term, EURUSD is on an upward path towards 1.12 and to be precise 1.116 before ECB makes its "natural" intervetion i.e QE. We arrived at the initial 1.10 target or...

Pashabxl

XAUUSD has given some initial upside correction type trend on 1H 2H and 4H basis. yet we cannot confirm a total change of trend since a lot a signals are still missing or has not been realized yet. On chartist approach the Lagging span has still to cross all the price, the cloud and go on the upside above the cloud which is not the case, but it is well oriented....