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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
BLOMBERG CALENDAR SHOW THAT TOMORROW , FUTURES AND STOCKS AMRKET ARE OPEN
WHY ON CMC WE CANT INITIATE ANY POSITION AT THIS TIME 21:32
EXCUSE ME IF THIS SOIND STUPID
Rajib
How do u see yen perform against sterling? Will not yen be stronger against gbp compared to usd the coming week?
Ashraf
UR ASUMPTION THAT DOW MIGHT HIT 10150 IS QUITE PLAUSIBLE
MY CALCULATION FOR THE DOW GIVES ME A TARGET OF 10351 PTS; THAT REPRESENTS A FIFTY PERCENT RETRACEMENT FROM THE ALL TIME HIGH OF 14100; USUALLY IN ELLIOT WAVE COUNTING WE ARE IN A X WAVE DECLINED IN THREE WAVES . THE LAST WAVE AHS NOT REACHED TOP YET;
AS FOR EURUSD IF COORELATIN BETWEEN THE TWO MARKET KEEPS ON WORKING WE CAN SEE STILL SOME WEAKNESS IN USD FOR THIS WEEK AND THE NEXT WEEK.
IF I GO DEEPER IN COUNTING THE WAVES AND FIBONACCI RETRACEMENT WAIT TILL 100PERCENT IS REACHED AT 9840 (WHICH IS THE TOP OF LAST TWO WEEKS) AND CALCULATE A RETRACEMENT OF 1,23 1,61 RETRACEMETN OF THE DOWNWARD WAVE
BY THE WAY TO ALL FORUM GOOD KISS FROM MOROCCO;
May be its bit of a sure work for DOW to hit 10050-10150 range within this coming week (should be within next 6-10 trading days).Now if this technical assumption proved correct will EuroUsd can cross 1.4850 by a little margin(spot)?My personal feeling with some basic technical study say that from 10050-10150 range we may witness some deep selling in Dow. And Ashraf, there are two interesting Doji kind candle at USDJPY, is it a trend reversal signal for the pair/
Regards,
Rajib.
Do you have the same mind for DOW Jones on October ?
Thanks