W1 price is located to be below yearly Central Pivot at 10,807 for the crossing 9,807 support level together with descending triangle pattern with the bearish breakdown for the S1 Pivot at 9,190 as the next bearish target: "The DAX is rangebound over the last three days with Friday’s high of 10,123 (NFP high) capping price, while this week’s low of 9,659 is supporting price. As the trend is bearish since December, the primary bias for the German DAX is to trade downwards. The ...
"When the Yen strengthens as it has at the beginning of 2016, there is often stress in the global economy. So far, the JPY has strengthened by ~2.5% to start the year vs. the US Dollar while most currencies, most notably the commodity currencies have weakened aggressively. USD-JPY is in a precarious position much like the global economy is in a precarious position. Many expect a rally in risk, even if it is just a short-lived rally because we have been trained like Pavlov’s dog to expect a bounce ...
Nikkei 225 is on the secondary correction within the primary bullish market condition: the weekly price is crossing 100 SMA from above to below to be reversed from the primary bullish to the ranging bullish market condition to be located between 100 SMA/200 SMA area."Nikkei 225 fell past 18,000 to test 23.6% Fibonacci at 17,847. Downtrend signal has resumed in moving averages after a correction period during late December. More short positions could ...
Sun going down by Costas Ganasos
"Whereas continued Yen weakness was once a predominant expectation for the Bank of Japan, those prospects are looking much less likely after the December BoJ meeting. And in the case of the British Pound, we spent much of last year waiting for the end of the year for the inflation picture for the Bank of England to ‘come into better focus.’ Well, Super Thursday threw that wrench for a loop after the Bank took a decidedly dovish stance towards future ...
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