Pashabxl

Pashabxl

Well, in my previous studies, I have outframe the long term perspective of XAUUSD. I thought that the coreection was over. However, the upside correction process in still continuing because of the debate with Greece, the tension in the market, as well as the weakening of USD against EUR. therefore, the precious metal may very well go beyond 1180 towards 1190 and...

Pashabxl

The precious metal made an upside correction because the market was expecting FED confirm the iuncrease of interest rate by 2Q15 but it is not the case. although expert knew that FED would not increase before 3Q15, as you may also read in all my previous research, the upside correction did not change into a change of trend. On the long run, XAUUSD may very well go...

Pashabxl

On a short term basis, based on a 4H time frame, Ichimoku reveals that there might be a little down side correction first until 1.06 max before, EURUSd goes up until 1.12 Max but yet to reach that level, Lagging Span should be on the good direction and it is not. although macro economic data shows that ECB has already used 3/4 of its initial money on the market,...

Pashabxl

We are about to start a new week. We do have the following macro economic datas in hand. ECB has already spent 45 out of 60 Bio € of its initial QE. The next money will be spread on the market early April. Thereofre until then, there will be a slow down in the declining trend of EUR against USD baring also in mind that as FOMC has revealed, and also as I have...

Pashabxl

I have received many messages asking me how I did calculate and guess that EURUSD pair would face an upside correction until 1.10 before going down again. I have used 3 tools on the chartist approach and 3 macro economic and policy informations. 1- In order to know the support and resistence level, always look left. And That is exactly what I did. I've looked...

Pashabxl

EURUSD Pair has the initial sign of an upside correction on a 4H Chart. Yet this doesn't appear at all on a 1D Chart, but it is interesting to watch. Therefore there may be an initial move towards an upside correction of EURUSD until 1.10 before EURUSD plunge bellow 1 towards 0.92. But this has yet to be confirmed. On the long term, EUR will go towards 1 and...

Pashabxl

Gold is still on the downside of the story. There isn't yet any hope that the precious metal will go on the upside because there is no buyers yet, nor any macro economic condition in favor of that reversal. Having said that, the next level to watch is 1140 and bellow it is a very quick move towards 1120 and 1080. Let's wait and see. The end target before an...

Pashabxl

For those of you who follow my analysis on a regular basis, I've mentioned monthes ago that ECB was planning a QE and that the aim was to devaluate EUR against USD in order to favor the importation of inflation and the export as well. On a pure chartist approach, you do have here the resistence and support level of EURUSD pair. The primary target remain 1 and...

Pashabxl

Gold is loosing weight, and the path of the precious metal is set to go to 1140 before coming to 1080 and 1060. I do expect a stabilization at 1060 max unless the move is so quick and dense that the precious metal may fall bellow 1000 to 960 but we are not there yet, and it is very much too early to predict. However, as you may know, past supports level became...

Pashabxl

For those of you who do follow my analysis on a regular basis, I've been studying the pair for quite a long time on a macro economic basis as well as on a chartist approach. On the macro economic front, remember two major issues: 1- ECB is trying to import inflation and at the same time try to boost the level of production in two ways. On the one hand, by...

Pashabxl

For those of you who are following my analysis on a regular basis, you should not be surprised by the situation of GOLD. I've already written in previous analysis the level of LEvel and the headline goal. Although 1040-1060 is the tricky level of GOLD bellow which the precious metal may fall well bellow 980. But we are not htere yet. Having said that, the...

Pashabxl

Some may have seen GOLD going on the upside and thought that the precious metal may go long. But we are not in that context yet. of course sometimes when Gold is almost oversold, there are some upside correction, but this will not change the direction of Gold which remains Bear. I've already given the necessary support level on the downside. 1180 remain an...

Pashabxl

Well a quick update on the situation of EURUSD. On macro economic terms, market is taking prehentive position on the eve of ECB's decision to officialy lauch its QE next Friday. On the other hand, market was expecting FED to increase its interest rate by summer which will not be the case because despite the inflation, if FED is raising its interest rate, no...

Pashabxl

Well, there is nothing yet to add concerning EURUSD pair. The direction remain 1 and may be even bellow 1. Bare in mind ECB's QE on March 6th. Keep in mind that there is no increase of interest rate from the side of FED. And the aim for ECB is to import inflation through commodity prices. Enjoy your week-end.

Pashabxl

The market was very euphoric with the deal concerning Greece and FED's PResident Yellen who has declared that there will be no interest rate increase decision for the next FED's monetary policy meeting ie , there is room until the third meeting in June 17th before Yellen and FED's decide for an eventual increase of interest rate, which I do not think it will...

Pashabxl

The DOWI is facing a little correction on the downside. The correction may be very much be until 17800 or even 17634. Having said that the index remain bull on the long run, this is just a little correction between those who takes their profit and the correction after the good news from FED President Yellen. Don't forget that ECB will launch its QE on March 6th.

Pashabxl

The best way to know at which level Gold may go down, is to have a look at the history of the chart. The former resistance level when gold was on the upside became a support level. Therefore the best way to look at the futur support level is always to have a look at the left of a chart, in order words at the history and the past trends of Gold. Therefore you will...

Pashabxl

Just a little update on EURUSD pair. There is no change of trend. EURUSD is still on the move towards 1. Since there is an agreement on Greece and ECB did not delayed at all its QE still forseen for March 6th, unless FED decide to change its interest rate or any decision concerning the situation of the inflation-deflation in Europe, there is no change of trend...