Pashabxl

Pashabxl

Where will the balance of power weight??? EUR or USD? Well, on this weekly chart, on can clearly see that we are at an oversold level, therefore, there might be a little technical correction to come. however, ECB has created a clear expectation in the market and everyone is expecting a clear announcement from the ECB President next 4th June. This could be a 0...

Pashabxl

I think the graph and Fibo projection speaks by itself.. Now we are waiting ECB's statement as well a first reaction to the European Parliament Election.

Pashabxl

FED's TAPPERING decision will mechanicaly decrise the supply chain of USD. Therefore USD will mechanicaly increase vs EUR, JPY, CHF GBP to say the least. On the other hand, BoJ has also decided to put an end to its QE program . Therefore, one could think that there will be a little battle between the balance of power of USD vs JPY Pair. However, FEd has the...

Pashabxl

EurostoXX50 can go a little bit further up, toward 3240, but soon, the index may come back toward 3150, 3119, 3089 and 3042. One can have a look on the Stoch and W%R, we are about to come to the overbought level. Having ignored and without prejudice of ECB PREsident Announcement on June 4th, The index may at leas technically speaking retrace on a downtrend movement.

Pashabxl

With FED's QE1+QE2+QE3, we are already at an almost overbought level. The increase of the market is not natural. But it is something we could have calculated. I did Fibo Retracement on the upside with projection based on the simulation of QE1 and real effect, a projection of QE2 and recalibration with FIBO retracement, and QE3 based on the previous 2 QE. My...

Pashabxl

CAC40 had a great mechanical growth based on QE3 and the reform made by CAC40 companies. My headline goal was 4506 and we did arrived to that level. The market is trying hard to go above 45XX but without any succes. If the attempt was starting when CAC40 is at around 4400 and the W%R at the limit of oversold such as betwwen -80 to -60, then ,there would be an...

Pashabxl

DAX is on the eve of a correction based on the chart and indicators. There is NO sign a reversal trend, but rather a correction due to the very rapid increase of the index. Disreguarding any ECB announcement on June 4th, DAX may face a little corrective move. Since FED's QE3, my headline goal was 9706 based on calculation, Fibo projection, volume calculation and...

Pashabxl

On a medium term, Ichimoku gives a clear picture of the situation. 4 out of 5 signals, give the direction. Nothing else to add... And just for the fun of it, I have added, LS on a +52 periods on the chart.... ;-)

Pashabxl

XAUUSD is still on the downside. Even on a very short term basis, even if Gold is trying to go a little bit over 1300, this is not a ling lasting momentum. The basic trend appears still to be on the downside. 1180 is an important support. We may even go further down then 1180....

Pashabxl

I've been watching and analysing the impact of QE on DOWI since the very first quantitative easing executed from US FED on November 2008. Just to recall the important dates, QE2 on Nov 2010, and QE3 on September 2012. Based on the effect of QE1 and QE2 on the market, I have tried to make a projection on the possible high DOWI would meet with QE3. And my highest...

Pashabxl

Sometimes, we do forget to focus on the forest and therefore on on big picutre, because we are stuck focusing on one tree. On the big picture, we see 3 inputs, which are QE1+QE2+QE3 and there effect on the market, the relaunch of it, the ending period and the effect on EURUSD. With the end of QE3, baring in mind that FED President Yellen is still keeping the...

Pashabxl

Central Banks became market makers and the markets direction is pending on CB's President Statement. Normal market is being made by investors, buyers sellers. Anyway, since the markets is analyzing the statement of European Central Bank officials, all the investors are almost convinced that ECB President will act in line with his statement early this month. On...

Pashabxl

Timing and momentum are very important for me. At that very moment, we are most probably faced with a rising wedge to be confirmed of course. If we do observe carefully William%R and RSI, we are not in an heavy overbought situation were the market would react brutally upward. Instead, we are on a midway of little raising period. Therefore, I don't think that...

Pashabxl

The ever 4 basic signals on EURUSD Pair are there. Lagging Span, TENKAN-KIJUN Twist, KUMO Twist, the up coming +26 period of the Kumo cloud and many others such as the Kijun that has penetrated through the cloud. So to say the least, The direction appears clearly to be done, and it looks donw. Confirmed by H4. We need to see the reaction by 4PM CET Europe.

Pashabxl

Timing is a crucial issue when you want to enter or exit the market. It is as well important when you want to trace target. The long term perspective of DAX is not being questioned at all. There is still the potential of an upside until 10XXX. However, at the present time, and at least until ECB Annoucement on 4th June, there isn't any material that would steam ...

Pashabxl

Well everything is said on the title, but if we do look carefully on the chart, the reversal pattern didn't end yet. MA50 and MA100 are not crossing yet. We caliber MA on a faster period, we are not there yet. USDJPY Pair arrived at a 50% Fibo retracement level. That support level is rather strong. Bellow, it's the 100YEN level which is quite strong as well and...

Pashabxl

GOLD is still on the way down. Although the trend may face some upwards technical correction, but the long term is still on the down side of the story. So nothing new, nor nothing very exating. We still to wait for many other political developpement as well as a clear state of play of the macro economic situation in Europe, US and Asia before taking a clear position.

Pashabxl

Finally, the battle between those who are buying and those who are selling Euro against USD comes to an end. After 4 round of a strong fight, BEAR appears to have win the battle. There are initialy 3 signals such as Lagging Span, The Tenkan vs Kijun twist as well as the Kumo Twist. Please add to these signals the statement of many Central banks High Level...