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Fibo MAGIC in the EURUSD!! UNCANNY!!!EURUSD Monthly Chart - Apologies if the chart looks a bit busy but here are the main points. Fib Time Projection: The 2000 (Point X) - late 2004 (Point Y) uptrend lasted for 50 months. A correction ensued and the low was formed in late 2005 (Point Z). If we take the 50 month uptrend and Fib project it from Point Z then we can see that it has has the uncanny ability to time the tops and bottoms +/-3 months. Looking ahead in the future we can see that the 2.382 Fib Projection (2.382 x 50 months projected from Point Z) then we get an initial time objective for a major low in the Euro on October 2015, followed by the 2.618 Fib Projection that comes in at October 2016. Fib Price Projections: Measured triangle projection using the month to month closes comes in sub parity. This coincides with the downside Fib projections for the end of Wave C. Conclusion: Parity is a dead certain for the EURUSD with 0.9900 an also likely target. Once price gets there we could have a prolonged period of accumulation (basing pattern) by the smart money that should coincide with the Fib Time projections mentioned above.
by Legionnaire
CAC40 - At a Critical Long Term Inflection Point!!Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster, LT T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count on the chart suggests that this is an ideal end of wave target for a Wave C of B (Cycle degree). Definitely one to watch as the DAX (another major beneficiary of QE) is looking to be completing a Wave 5 of C count as well.
INDEX:CAC40
by Legionnaire
CAC 40 continuation pattern awaiting validation!!CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued losses towards 4932 and potentially 4856. Holding a long view currently as long as 5k holds.
FX:FRA40Long
by Legionnaire
EURGBP climbdownEURGBP is on very serious key support now. If 0.72200 level broke, this pair clearly will climbdown stronger to 0.71650 before bouncing back on retracement to 0.72270. This retracement level is the most suitable level for go short again and swing down to the next target at 0.71000. 1. Break level 0.72200, it will drop down to 0.71650 2. At 0.71650, wait for price action, if retracement happen, you can counter the trend and buy up to 0.72270 and go short again at that level. 3. Swing down to 0.71000
Short
by expertradersfx
1
EURUSD, USDCAD , DXY index Dynamic intraday hedging Dynamic intra day hedging: Fundamentals and and a lack of interest in the euro has has it fall substantially, USDCAD is -95% corralated to the EURUSD and we have seen a strong canadian dollar over the past few d ays. effectively by creating two positions one short on the eurusd and one long in usd cad with the same lot sizes we can effectively minimize risk. we can minimize risk even more by then adding the two lot sizes from eurusd and usdcad to create another positions in the dxy which then minimizes risk even more
INDEX:DXY
by GOVYTrader
EURO Decline -- Is it over? NO! No Evidence of Bottom YetThis chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart) Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in the TradingView Marketplace App store. The point of this post is to state that on the larger timeframe, the Euro has provided zero evidence that it is done trending down. No -- it is not yet reversing. This is a relevant observation because the conventional wisdom is that the price is oversold -- and yes, it certainly is -- but that currently there is no actual evidence of reversal, so to bet on a longer term reversal here and now is not the right move. We would need more data from the market that suggests a reversal is actually underway (such a Blue unconfirmed reversal or an "O" plotting under price, a confirmed reversal). This may come to pass sooner than I expect, but the important thing is that it's not happening now. Looking in the past, the Euro was in an uptrend and provided several good signals from confirmed reversals up ("O" under price) and the Pivot bars ("P" above price). Today though, all we see is red (a downtrend). My take is that the market can trend lower for several more weeks before a true low (which is still theoretical at this point). ------------- Let's look briefly at the economic and fundamental reasons for this move. 1.) EU recession. Recent data from the ECB shows that Eurozone has negative growth. The ECB is not allowed to print -- only issue bonds -- so there is a *huge* cost incentive to weaken the Euro to boost demand for these bonds, especially if they are settled in dollars. 2.) The other side of the coin is that a weaker currency can help boost foreign investment, which adds demand to a stagnating economy. Both of these reasons, structurally and politically are why I believe the strong Dollar and weak Euro can persist longer than many expect. RISKS: 1.) Perhaps the ECB will change its tune. I doubt this 4.) Not a recommendation to buy or sell, just an example the ways in which you can combine structural fundamental analysis with price action, which while oversold, is not yet actually indicating a reversal (even if only temporarily).
by SPYderCrusher
17
UPDATE: LNG TRANSPORT IS STILL TRENDING HIGHER BREAKING OUT ADVERSE TO MARKET AND WORLD EVENTS This stock is above any resistance points and if continues above indicators on high side it will continually break highs on a daily basis. They are a Monaco based company that is very strong fundamentally and even spun off a LP for dividends under symbol GLOP. This is a fundamentally and technically solid stock and as America will stand to possibly be main if not only Natural Gas producer in world, then the European tankers will cut costs of transports and supply the EU with NAT GAS even if Russia cuts Ukraine and Europe off. Combining this withe the prices paid by EU countries for LNG and the threat of oil and gas being taken DOMESTIC LNG becomes a foremost priority to ship as of almost yesterday! ANOTHER GREAT FIND BY "JACKIE MOON" STILL ON FIRE
GLong
by bhorbs81
3
UPDATE:LNG TRANSPORT STILL CONTINUING TO BOOM MUST BUY GLOG IS THE COMPANY THAT SPUN OFF ITS PARENT COMPANY GLOP, WHICH USUALLY IS THE OTHER WAY AROUND HOWEVER ALTHOUGH ADVOIDING THE THREE MONTH RULE CERTAIN EXCEPTIONS APPLY.... IF A COMPANY HAS SUFFICIENT EARNINGS AND HAS ADDITIONAL REVENUE THEY WILL IMMEDIATELY PROSPER. AS SHOWN IN THE FIB LINES ON AN INCREDIBLE UPTREND EACH MOVE BREAKS THROUGH ANOTHER FIB INDICATOR SHOWING TRUE STRENGTH. UNTIL A PULLBACK OCCURS THIS IS A LONG AND ACCOMPANIES GLOG WITH THE GROWTH ,DIVIDEND, AND CAPITAL APPRECIATION ALL THREE IN ONE MAKE THIS A GREAT HEDGE TO ISSUES INTHE POLITICAL WORLD ESPECIALLY WITH THE FOMC MEETING TOMORROW. THIS STOCK , LP , WILL PAY APX A 7% DIVIDEND SO UNCERTAINTY IN MARKETS AND A SHORTAGE OF LNG ALONG WITH CAPITAL APPRECIATION AND GROWTH POTENTIAL MAKE THIS A MUST OWN BEFORE THE CRISIS IS SOLVED. ANOTHER PICK FROM THE MAN, THE MYTH, THE MYSTERY "JACKIE MOON" TY JM
GLong
by bhorbs81