Tag Archives: ECB

Is USD/JPY going straight into 120 after it touches 115.80 target?, November 3, 2014

Dear Traders,
Daologic wrote today on the FXStreet.net Daily FX Newsletter:

“Yes, QE is dead, long live QE!, Japanese and ECB style. I am not sure ECB will have the force to engage into a full QE, US or Japanese style. There are legal issues and by default ECB can not buy sovereign bonds in order to finance governments. It will be interesting how ECB will solve this dilemma. You already know what Japan did so I will not talk about it. Be careful with the yen pairs, UJ is heading to 115 first and then to 120. Societé General is asking if the road of UJ to 120 will be a straight line and my answer is no, there are no straight lines in Forex. So, take care of the Yen pairs and buy them on dips or buy breakouts from consolidations. If you want to logically explain all movements in forex you will see that is all about breakouts from different levels and different consolidation areas.”

After hitting the target at 115.80, which is the second target of a very large weekly extension long from 94, I anticipate a retrace at least into the next extension measured move long. As soon as price will get there, we will know where the “dips” will be located (they could fall around the 108-110 area).

I have anticipated the move to 115 in my article published on August 1st on FXStreet.com.

In that article I have mad a fundamental analysis on the Japanese Economy that confirmed the setup that was already in place and mentioned the two targets 108 (already hit) and 115.80 which will soon be hit.

You can read it here below.

Let me know what you think about it.

“Japanese economy: Where does it stand and what lies ahead?” – August 4, 2014

Have a good day.

Regards,,
~FibStalker

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Weekly Review and levels for GBP/USD, AUD/USD, USD/CAD, NZD/USD and EUR/CHF, June 30 2014

Dear traders,

Following up on the free Newsletter I sent to my subscribers yesterday, like I do every Sunday, I am sharing one of the three weekly video review that can help in preparing for the week and looking at the opportunities in some of the markets.

In the video below I cover the review and the opportunity for the week in the following markets: GBP/USD, AUD/USD, USD/CAD, NZD/USD and EUR/CHF:

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

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EURUSD trading next 4-hour extension short, June 11 2014

Dear traders,

this is a brief analysis of the EUR/USD pair that, as mentioned in the market review provided on Monday, has respected (and confirmed so far as resistance) the area starting at 1.3668.

The Euro is currently trading the 1.3552 next 4-hour setup short in the sequence and, so long as it stays below the failure level 1.3561 (stop-loss for current short) it has the potential to move into the 1.3424 area.

The chart below shows the current view on the 4-hour chart:

"EURUSD trading next 4-hour extension short", June 11 2014

“EUR/USD trading next 4-hour extension short”, June 11 2014

Above the 1.3561 level, the Euro has the potential to move again back to the 1.3668 area of resistance, before starting moving lower again.

Hint: 1.3561 is a profit taking for shor-term trades short started at 1.3668

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

Do not forget the  3-hour Monthly Webinar event I am going to offer on Thursday June 19 at FXStreet.com. It is in 2 parts and you can check the details of the June Monthly Webinar and register here. Don’t miss it, as I am going to share very good and useful information that can help in your trading.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

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Have a great trading day.

The FibStalker Giuseppe, ~the FibStalker

 

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Forex Markets on the move, June 10 2014

Dear traders,

Following up on the June 10, 2014 Daily Update on the 12 markets I follow, published before (by the way, the video is not up on YouTube and is available), here is what is happening in some of the Forex Majors:

EUR/USD: beautifully respected the 1.3668 short and, below 1.3568 it has the potential to move swiftly to 1.3424 and then 1.33 area

USD/JPY: respecting shorts at 102.73 and potentially into the 101 area. Below 101.56 the first target is 100.70 area

EUR/JPY: also respected the shorts at 140.16 after “busted longs” and now heading into the 137 area

EUR/CAD: also saw brisk selling, as anticipated in the weekend review, and now headed towards the 1.4617

GBP/USD: did not move much bust still respecting resistance at 1.6845. This could push price lower into the 1.6630 first target area.

AUD/USD: still in longs on the 15min timeframe. New shorts, if they materialize, will only be confirmed below 0.9317.

USD/CAD: confirmed shorts last Friday, below the 1.0961 stop level and short area that held. Next target at 1.0760.

NZD/USD:
4-hour and daily timeframes confirmed longs on top 0.8415. The 15 min is currently testing the 0.8480 longs. A pierce of the 0.8512 on the upside would confirm new longs at these levels.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

Do not forget the  3-hour Monthly Webinar event I am going to offer on Thursday June 19 at FXStreet.com. It is in 2 parts and you can check the details of the June Monthly Webinar and register here. Don’t miss it, as I am going to share very good and useful information that can help in your trading.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

Sharing is caring…

Have a continued, great trading week

The FibStalker Giuseppe, ~the FibStalker

 

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Daily Review and levels for USDJPY, EURJPY, GBPJPY and EURCAD, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, here is my take on the USD/JPY, EUR/JPY, GBP/JPY and EUR/CAD for the coming days:

USD/JPY: respecting a measure move long which brought price into the 102.44 first level and now towards the second target at 102.94. After that we should witness a retrace, potentially into the 102.50-60 area.

EUR/JPY: this market is in a confirmed lateral move (and printing a triangle formation) after 139.14 was pierced on the downside. A potential reversal higher was indicated during the weekend. We could witness price at 141 level and, potentially into the 142.10 area.

GBP/JPY: this market is also in a lateral move, confirmed on the 4-hour timeframe, with a potential retest of 168.75.

EUR/CAD: The sequence of measured moves higher on the daily timeframe failed in this market, which means that a retrace into 1.3850 is now possible. After hitting the first target of the first measured move lower this market may be retracing now into 1.5016 with a stop above 1.5085. Right at shorter term resistance now at 1.4867. Above 1.4902, the 1.5016 resistance becomes more probable.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

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Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

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Daily Review and levels for GBP/USD, AUD/USD, USD/CAD and NZD/USD, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, here is my take on the GBP/USD, AUD/USD, USD/CAD and NZD/USD for the coming days:

GBP/USD: respecting a traditional move lower with resistance starting at 1.6787 and first target into 1.6648, helping into that first level where profit taking (and longs on the smaller timeframe are anticipated as per Program Trading tactics), at 1.6620.

AUD/USD: This market traded the area of resistance starting at 0.9308 (stop above 0.9333) indicated in the weekend. On the 4-hour timeframe, however, this market confirmed a lateral move. Therefore we could see this market retesting the 0.9308 level in the coming days and then continue lower.

USD/CAD: this market is in a short profit taking rally, pushed by longs in the smaller timeframes. There are two areas of potential short: 1) at 1.1016 and 2) 1.1050, with a stop above 1.1103.

NZD/USD: Congrats to those who traded the market short after the sequence of daily moves long was interrupted as of May 23. The market got into that 0.8415 area as anticipated. A first confirmation of support at this area will come if price is capable of climbing above the 0.8478 level.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

Sharing is caring…

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

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Daily Review and levels for EUR/USD, S&P500, Dollar Index and Gold, June 4 2014

Dear traders,

Following up on this morning June 4, 2014 Daily Update on the 12 markets I follows, this is my take on the EUR/USD, S&P500, Dollar Index and Gold for the coming days:

EUR/USD: better to wait the decision of the ECB on Thursday. Not a time to get involved in my opinion. If you fear that this market will continue lower without us, fear not!
This market will eventually retrace into one of the measured moves indicated in the video (1.3680 or 1.3710 – estimated at current lows – levels that I have indicated also in the weekly review)  and we will let market action decide.

S&P500 e-mini futures: above that critical 1916 level. It could retrace into 1904 before continuing higher. This market is moving in extension longs and in my opinion this type of move is not sustainable in the long-term

Dollar Index futures: this contract is still trading an extension long that was identified on May 20. The first target at 80.60 was hit and now this market has to potential to be moving into the second target at 80.90/81. After that we should witness a retrace (depending also on ECB decisions)

Gold mini: Now that previous support area starting at 1,286 has given way the market has confirmed shorts with the first target level of the largest daily short (1,333 area) at 1,250 being reached. I do not anticipate a large retrace when shorts will start taking profits (this could have started already). Shorts could enter the market again at 1,261 with a stop above 1,266.50.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

I like to help traders “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow my work to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

If you like this article, please share it with your friends and fellow traders.

Sharing is caring…

Have a great trading day

The FibStalker Giuseppe, ~the FibStalker

 

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