Pashabxl

Pashabxl

WTI shows some initial but rather shy signal that there may be a reversal. The Lagging span is oriented on the upside but it still has to cros the prices, Tenkan Kijun and the Kumo Cloud to confirm. Yet Tehre is no Kijun-Tenkan twist, however it is about to happen. Overall, on the long term, there is no Kumo Cloud Twist but if Tenkan Kijun twist and Lagging Span...

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SPX is in a correction and consolidation move for the time being. Although it is a smooth correction, bellow 1956, this may be a change of trend. However,on the technical side, the RSI is still on the downside if the shape is being described as a falling wedge and the level is still bellow 50 i.e the index will continue to drop. On the other hand, i.e macro...

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Gold may face a little correction on the downside, but nothing that would change the construction of the long trend. One should still watch carefully the LAgging span. Bare in mind that there is a long term and slow construction of an upside trend. This will be accelerated with FEd's decision to increase th interest rate, but we are not there yet. Therefore,...

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After a little break because of the New Year celebration, new agenda and Greek Elections, here we are again. Ichimoku gives a clear picture of the situation. One can read my former analysis. First you should remember the game plan of ECB. Draghi is planing to import inflation by reducing the value of EUR against USD so that the price of commodities imported in...

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With European QE, a low interest rate, and a High USD against EUR, Gold may keep a slow upside. 1180 remain the key pivotal point bellow that level, XAUUSD may go until 1060. However, the trend line is rather solid. There may be a consolidation until the trend line that may be used as a support level. When FEd decide to increase its interest rate, Gold may...

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Since XAUUSd reached the lowest level, there is a new long term upside trend line. At the present moment, with ECB's QE tomorrow as well as an overbought situation in the markt, there may be a correction, but the trend line remain for the time rock solid.

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On an Ichimoku indicator, we can clearly see a Tenkan-Kijun twist outside the cloud that may alert of a change of direction for the pair. However, there is no Kumo cloud twist nor the Lagging span may cross the price and the think part of the cloud. Therefore there is no reversal expectation but only an adjustment of the price where EURUSD is oversold. There may...

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Where do we stay in the gold trend? What is the state of play? That is a question. With the EUR well on the last days, there was a natural , I would say mechanical lift up of XAUUSD in USD terms. However, the trend is still on the downside..... On the graphic, there is three trend line, all of them are showing the same direction. The long term trend line is now...

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ECB President aim remain the same. Importing inflation to Eurozone in orther to stimulate an increase of price that to spark a beginning of growth in the EUROZONE market. To do so, Draghi is trying to lower the price of EUR against USD. Bu so far, the move has not been as sharp and efficient as Draghi would have expect. Of course EUR will not hit anymore 1.395...

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EUR is gaining value against USD and this is irritating ECB President Draghi. ECB President is betting on a scenario where with a low value of EUR against USd and because EUROZONE is depending on commodities import, the devaluation of EUR against USd would create and imported inflation. But there is a problem on that rational. Draghi didn't foresee the fall of the...

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DOWI is still in the consolidation phase. With the end of QE3, and despite the low interest rate, there is no appetite for any risk. The market is taking its profit. There is yet nothing to fuel the market. The red trend line is the medium term trend line. MArket will decline until FED's decide to increase its interest rate. Therefore, the next step may very...

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Gold is actually benefiting from the consolidation of USD Against EUR. EUR may hit back to 1.30 before dropping bellow 1.25 and even bellow 1.15. Commodities prices are too low. And this is not good for ECB President Mario Draghi who's willing to import inflation by devaluating the value of EUR against USD. But Commodities are also in a down trend because of...

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For those of who who follow closely my analysis, te shape of DOWI should not be a suprise. I was suprised by 172XX as an all time high because I was expecting 16706 to be the all time high. Anyway, DOWI is in a consolidation phase towards 14400-14800 which is normal. Bare in mind that the market was fuelled by FED's QE and cheap money, i.e artificially. No FED...

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Is Eur gaining value against the USD or is the USD consolidating against EUR? Well, I'd rather say that it is a consolidation of USD against EUR rather then a EUR gaining weight against USD. MArket thought that FED would increase it's interest rate by October but this doesn't occure FEd's minutes showed that although US market has an initial capacity to cope...

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As we have foreseen in the previous studies, the market is acknowledging the end of FED's QE3 program. There is still cheap money in the market i.e low interest rate, but as we have foreseen, ECB's TLTRO and ABS is not profiting to US market contrary to QE3 which has benefited to everybody including the European market. The correction process before SPX starts to...

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With the end of FED's QE3, market are gaining more and more volatility. This does not mean that market will crash, but there will be more heavy movement, and the swing frequency will be bigger. FED's QE was inhibiting the market, that is why at the highest level of QE3, VIX was as low as 10... There is also more uncertainties in the market, baring in mind the...

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Gold's general trend is not moving and on the medium term 1180 and even bellow is still on the track. However, there are some sign that USD is consolidating against EUR. If this is confirmed, then XAUUSD may benefit from that on a short term basis. On a purely chartist approach, the short term red trend line may be broken towards 1260 which is a retracement...

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EURUSD pair is rather low. ECB is willing to import inflation into eurozone because the EUROZONE area cannot yet create its own demand. Therefore, the main idea is unofficially to devaluate EUR against USD so that commodities prices raise in EUR term. Europe depending on imported Commodities, mechanically the price would raise in the eUROZONE making the 2%...