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Short on the gbr.IDX

I think that the bounce of the GBR index is finished because hardly will overtake the next hurdle provided for the static resistance ( horizontal line)furthermore is in overbought now ( as signal the stochastic indicator) and the long time moving average (200) is still in downtrend
The next price action could follow the blu trend line ,drawn from the last maximum of the index , and lead the gbr in market lateral phase( brown zone)
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HKDjpy

The down trend seems consolidated now after that rally started in the 2012 have lead the hkd/jpy by + 62%. The pair is below at its MA 100 (long period) and in the low edge of the pithfork's line (red)
Considering that from the latest maximum , touched jun 2 of 2015, the pair fell by 15%, it possible some little bounce but the true support it still for , the 50% of fibo retracements based on the long past rally, so i retain possible an further falling in next weeks
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HKG.INX

The latest bounce of HKG index recorded +15% but this didn't allow at the asian index to overtake the moving average of long period (200) instead has provoked an overbought situation as we can thank to CCI oscillator ;the bearish trend remains intact.
we can see also a grow in the atr oscillator ( a gauge of volatility) that could suggest as the latest bounce is fragile . i expect a correction for june 1
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I'm still bearish

Despite the latest bounce the nikkei is still in downtrend as show this chart . This downtrend started in jan , when the index breached down the support provided by the uptrend line ( green), after that it breached also the static support placed around to 17000 . For turn this trend the nikkei should overtake many hurdles,as example the LVMA (100) line and the former support (now resistance) until breaching the trendline of downtrend (line red)
More probable that the the japanese index continu…
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Light

The long fall could be ended , after a plunge that lead the price of oil to -73% the price action have breach the dynamic resistance provided from downtrend line ( grey line) and for the next future it could continuing the bounce until the green line ,or better the upper edge of its lateral channel
I retain probable that the wti will rise until 50 $ ; the future price action should remain between the pitchfork's lines ; the actual good moment for the oil is confirmed by MOM oscillator
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NZDcad

The red cloud above the price is more than a threat, tell us that the downtrend of the NZDCAD will continue . From the latest peak , touched in dec of the past year, the pair fell by 8% and the Ichimoku signal a bearish moment
I think that a valid target for june 1 could be the line of 161% (red line) of fibonacci expansion with the future price action of the pair that should to remain in the white downtrend channel
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NZDchf

This pair , after the last bounce started from the minimum of 2015 , could be ready for a correction. It now below the important resistance provided by the Fibonacci lines and don't seems able to breach it
It is interesting note as the dynamic support provided by the fibonacci (23,6%line) intersect the static support ,provided by the last minimum of the pair , for the date june 1 (approximately ), It will be my target
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NZDjpy

The trend in act is still bearish for the nzdjpy , as we can see from this simple chart . The blu line is a MA of long period (100) and represent the first hurdle for an inversion of the trend
It is interesting to note as in the last period a strong cci ( red zone) has been the starting signal for a plunge of the pair and as now we are close at this moment ( the cci marks 80 today) . In shor i expect a correction until the red line , or better the latest minimum of the pair , for the june 1
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NZDusd


There are some signals that a correction could be nearly for the NZD/USD . Firstly the pair is close to an important resistance ( R2) provided by the fibonacci pivot point ( MOM) after that we have also the TD I oscillator with the line below the Low risk signal ( green line of the oscillator)
A further confirmation of a probable correction it is provided by the wallaby oscillator ;that i set with these time frame :daily , weekly and montly . This oscillator show an overbought situation for the…
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SGDjpy

I don't think that this pair is ready to invert its trend , despite the latest rebound. I retain probable that will be still some pips of gain before the downtrend restart. In fact the stochastic oscillator is in overbought and the sgdjpy is close to edge upper of downtrend channelWith the help of the Fibonacci expansion i try to find a reasonable target for june 1 . The line 100% seem the ideal considering the time remaining for the deadline and the weakness of the pair confirmed also by Moving…
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Dow jones

After the last bounce i think that we can call this phase as lateral market. In fact the dow jones index remained in a zone between 18000 and 15000 for more than one year In this weekly chart we can see as the CCI oscillator has anticipated the inversion of the trend in recent past
I think that the next price action should lead the Dow jones 30 near the support provided by the fibonacci retracement ( 61.8 % line)
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SP 500

I think that this chart is clear enough . It is a chart of the USA500 with a time frame monthly. It show the impressive rally of this index in the latest 5 years(+100%) but also something else, the inverse correlation between the ATR oscillator ( volatility oscillator) and the price action of the SP500. I would underline the last period of this chart, where we can see a climb of volatility( ATR 124) and a curb in the run of the US index
So i retain possible a large correction at this point , a c…
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This index is ready for a correction

I found a divergence between the price action and the MOM oscillator in the Nasdaq index. How we can see in this chart the MOM is in downtrend while the nasdaq (usatech) in in an uptrend . But we can consider the uptrend of the index a mere bounce because the main trend , underline by the red line on the chart , it is in act because the price action don't breach the dynamic resistance provided by latter one
An interesting target for the june 1 could be 4315. I obtained this level drawing a fib…
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USDcad

After a plunge by 15% there could be a little rest for the usd cad, i think . It could remain in a lateral channel betwen 1,34 and 1, 27 or , in other words , rise until the green line on the chart The RSI oscillator mark an overbought situation while the ATR show an high volatility the perfect ingredients for a market inversion
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USDchf

This chart show as the uptrend ( green line) seems ended on feb 7 , when the price action of the usdchf breached the green trend line . After that event i drawn a pitchfork lines based on the last maximum of the previous trend and this channel ( red) should track the future price action of the pair
The vertical line blue represent the date of june 1 ( deadline of this contest) while the brown line should be the future price action of the pair. In this chart i underlined also the action of the ad…
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USDdkdd

After a lateral phase the usddkk seems ready for a correction as show the fibonacci linees on this chart , the murrch show as the pair is below the 4/8 line that indicate the medium price of the past 90 days
this chart is more detailed and show that should future price action of this pair : i think that should breach the 3/8 line (green ) and , after that , plunge until 6,472 ( my target) . The blu line is a moving average ( 50) that provide further confirmation about the actual trend of the usd…
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USDjpy

Despite the last correction that lead the pair to plunge by 15% ( the low of the year) the price is of the usdjpy in still above to the line 50% of the fibonacci retracment drawend starting by the last 10 years .i dunno if or when the price action lead the pair a such goal (100, 47) but it seems there are still room for falling in the next weeks .
The Gann Angle provided further clue of the weakness of this pair that could fall until the minimun of this year for the june 1 , the first hurdle t…
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USDmxn

The usd/mxn rose by 66% in five year and now seems to start a correction , it already 10% below by the last maximum of this year as show the new trend line (red) on the chart The red channel represent the next price action on this pair according my forecast that should lead the pair near to 17.102. The CCI oscillator provide a further prove of the weakness of this pair
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The newtrend is in play here

The uptrend that lead the USD NOK to peak by +50% is over ;this appear clear in this chart where the price action breached the low edge of the up trend channel and throw the base for a new trend ( red line) as confirm the SAR indicator above the price of the pair
Here we can see as the pair have easly overtake the hurdle provided by the murroch ( 90 day base) and probably after breach the line -1/8P will reach the -2/8P for the june1 ( this date is represented by the vertical white line).
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USDpln

The usdpln is below the its moving average of long period ( 100) and has breached the support of the up trend the march 9 . So the last bounce that lead the pair to rise by 5% should ending soon aas show the downtrend fo the CCI oscillator
Thanks to indications provided by the fibonacci expansion i think probable a price near 3,8 for the june 1 dead line , this level correspond to the line 100% of the expansion
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