Blog Archive

‘Generational’ resistance zone could cap EURAUD for a while

With a chart going back to 1994, this long-lasting EURAUD resistance zone probably qualifies for a 'generational' level. Keep in view. EURAUD could be capped below this zone for quite a while.

Who is right? SiMSCI/HSI (stockmarket) or AUDJPY (Forex)?

It appears there is a big divergence between the usually highly correlated HSI, SiMSCI and AUDJPY. Who is smarter? The stock market or the forex market?

Let’s call these milestone levels

Call them milestone levels but I hope these levels stopping EURUSD, NZDUSD and AUDUSD will finally be broken to shift the market into a new phase. Otherwise we are stuck in this range since 2015 till date.

EURUSD has trouble with this level

An interesting technical level to watch for EURUSD. For some reason, it has trouble staying North of this red line save less than 3 months (March - May 2016) in the last two and a half years.

Are these going to set off some chain reaction in June?

3 charts DJ30, China A50 and USDCNH. Price action does not seem like business as usual for me. Let's hope they don't set off some chain reaction that will come back to bite.

EURGBP: A Picture of Elliott Wave Precision

The euro's recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully. Sponsored content by Elliott Wave International.