Posts Tagged ‘Euro’
February 20, 2012
SP500 weekly chart as of Fri Feb 17
Despite mixed signals, FX markets today suggest stock bearish.
Bearish influence from overextended SP500/DOW/NASDAQ remains.
Gold and Silver not participating in bounce today…
Greek hopium stockbulls battle it out with overextended SP500/DOW/NASDAQ.
Additional Greek hopium results in USDX weekly chart giving bearish warnings
again. Naturally this will be market significant for stocks etc and aggressive
short covering spikes may result – maybe up through 1370 ?
NZDUSD diamond pattern from last week confirmed and now morphs into
megaphone wedge.
USDJPY overbought intra day gives bearish warning.
Euro hopium factor aside, SP500 1,363 should be the top.
Europe/Greece remains an unknown variable.
CADJPY short 80.054
EURUSD long 1.3230 [c 1.3261]
USDJPY short 79.501 [c 79.550]
GBPAUD long 1.4743 [c 1.4745]
EURAUD long 1.2258
Tags:Commodities, Copper, DJIA, Dow, Economy, Euro, FTSE, Greece, Investing, Stockmarket, Stocks, Trading, Wall Street, Wile E. Coyote
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March 6, 2011
EURUSD weekly chart shows price converging towards resistance
directly above, in addition to the long term resistance of the
downward sloping trendline. It’s coiling up for a good move and
will break out of this congestion area.
Tags:EUR, Euro, EURUSD
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February 22, 2011
The overdue Wile E. Coyote equity correction gets even closer.
12,400 should be the DOW top – let’s see if i’m right.
Last price 12,271
USDCZK long 17.923
Key global equity indexes remain very overextended and as a result
the overdue correction may be sudden.
A reminder that S&P500 monthly chart volume has been declining
steadily since the March 2009 rally started. Declining volume during
an uptrend or downtrend can signal trend weakness.
USD buying support / EURUSD selling pressure returns. Thus we return
to the recurring pattern as the dollar continues to wind up for a rally.
Tags:Bear Market, Bull Market, Euro, EURUSD, Forex, Stocks, US Dollar, USD, Wile E. Coyote
Posted in Forecast, Investing, Markets, News, Stocks, Trading | Leave a Comment »
January 18, 2011
EURCAD long 1.3344 [closed 1.3409]
*
GBPUSD short 1.5995
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EURCAD and EURUSD are bullish atm, but overextended and
overbought DOW/SP500 etc. isn’t – so i’m avoiding EURO.
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EURCAD long 1.3344
GBPUSD short 1.5978 [closed 1.6018]
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FTSE and DAX daily charts are still giving bearish warnings which is
affecting bullish Euro. Key indexes and Euro / Dollar are not in sync
again.
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EURCAD long 1.3356 [closed 1.3348]
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DOW/SP500 and Euro are still out of sync.
EURCAD long 1.3326 [closed 1.3351]
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CHFDKK short 5.782 [closed 5.771]
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EURCAD long 1.3326
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EURUSD long 1.3403 [closed 1.3451]
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EURCAD wants to rally too.
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EURUSD possible target for impending rally is 1.3960
S&P500 monthly chart reveals a pattern of expanding wedges… aka broadening formations.
EURUSD long 1.3403 – Euro buying support returns …
CHFDKK short 5.782
GBPJPY long 131.888 [closed 131.881]
XAGUSD short 28.843 [closed 28.924]
Tags:Dollar, EURCAD, Euro, EURUSD, USD
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January 18, 2011
XAGUSD short 28.843
*
XAGUSD short 28.895 [closed 28.918]
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EURUSD daily chart was bullish but due to ongoing USD strength,
Euro weakens yet again…
Dollar strength keeps returning since larger time frames are
bullish – warning of a significant dollar rally.
*
EURUSD long 1.3387 [closed 1.3436]
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DOW/SP500 and Euro are out of sync again and it’s pulling Euro back
so more choppy mixed signals…
GBPJPY long 131.49 [closed 131.93]
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EURUSD long 1.3390 [closed 1.3385]
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Due to likely USD weakness – looks like more upside for DOW/SP500
before we get the very overdue correction.
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EURUSD long 1.3390
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EURUSD long 1.3398 [closed 1.3394]
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More Euro rally looks probable: EURUSD buying support continues
and choppy daily chart is bullish. Weekly chart is neutral and
monthly chart is bearish. Opposite for USD.
*
GBPJPY long 131.49
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AAPL weekly chart shows that a correction is overdue.
Scroll down page for monthly chart as of January 13.
Tags:EURCAD, Euro, EURUSD
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January 6, 2011
XAGUSD short 29.13 [closed 29.18]
*
After all that messy chop, USD short term trend reverts
to bullish.
USDSGD long 1.2948
USDDKK long 5.6902
XAGUSD short 29.13
*
EURUSD daily chart reverts to bearish (larger time frames remain
bearish of course) Opposite for USD.
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USDDKK long 5.6902
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XAGUSD short 29.13
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USDCHF short 0.9632 [closed 0.9636]
NZDUSD long 0.7589 [closed 0.7588]
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USDCHF short 0.9632
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NZDUSD long 0.7589
USDCHF long 0.9681 [closed 0.9669]
USDDKK long 5.6861 [closed 5.6835]
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Woops, just looked at XAUUSD / XAGUSD (gold and silver in USD)
and discovered that both daily charts gave bear signals yesterday.
XAUUSD last price 1,370
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USDDKK long 5.6861
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USDCHF long 0.9681
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Short term USD outlook is now neutral and choppy. Medium and longer term remains bullish.
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USDJPY long 83.09 [closed 83.12]
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USDJPY short 83.01 [closed 83.07]
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USDJPY short 83.01
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Some equity strength and USD weakness is possible.
NZDUSD short 0.7757 [closed 0.7589]
*
DOW weekly chart shows possible rising wedge which is a bearish
pattern when confirmed. Key resistance is found around 10,750
(green line)
NZDUSD short 0.7757
Tags:Dollar, Dow, Euro, EURUSD, Forex, Gold, NZD, NZDAUD, Silver, Stock Tips, US Dollar, USD
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November 6, 2010
S&P500 Index upside target @ 1224 has been met – let’s see if this level marks the end of the upleg.
SP500 Financial Index weekly chart Fri 5 Nov inclusive shows
volatile and indecisive price action on this important index.
EURUSD short 1.4258
Tags:DJIA, Dow, Euro, EURUSD, SP500, Stocks, Wall Street
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November 1, 2010
EURUSD short @ 1.3934
Been away from charts again and I see that EURUSD is tracking
sideways. Uncertainty and lack of market consensus dominates
yet again.
DOW/S&P500 etc daily charts remain very overextended.
When you stretch an elastic band too far – what happens ?
Pent up energy is suddenly released (the crash in late 2008 is
a good example)
Tags:Currencies, DJIA, Dollar, Dollar Yen, Dow, Dow Jones, Economy, Euro, EURUSD, Forex, FTSE, Market Forecast, Stocks, Trading, US Dollar, USD
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October 2, 2010
The market dislocation continues so far, and QE2 expectations
continue to depress the USDX and hence the EUR, COPPER, CRUDE
strength. However my monthly USDX indicators still give bullish
warnings and the rally is now very overdue. The longer the delay,
the more pronounced the eventual rally will be. The opposite applies
for EURUSD.
The DOW/SP500 correction was delayed for too long and that’s why
we had the violent waterfall crash in late 2008. It’s a bit like pulling
a large elastic band too far: it always ends in tears.
As I state on the ‘About’ page, the uptrend since March 2009 was a
bear market rally contained within a much larger downtrend. The
longer this (very overextended) rally continues without retracing,
the more the risk of another violent correction.
According to my indicators the March 2009 lows will not hold and
the overdue correction can be delayed but not prevented. The
more it’s put off, the worse it can be when it happens.
And speaking of overdue… a monthly XAUUSD chart will be uploaded
soon.
Tags:DJIA, Dollar Yen, Dow, Dow Jones, Euro, EURUSD, US Dollar, USD, Wall Street
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