Something Interesting in Financial Video April 2014 - page 8

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Sergey Golubev
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newdigital, 2014.04.26 12:47

NASDAQ forecast for the week of April 28, 2014, Technical Analysis

The NASDAQ as you can see tried to rally during the course of the week, but found far too much in the way of resistance just below the 4200 level to continue. With that, the market pullback to form a shooting star now we find ourselves with a very sign just above a significant bottom in the market. With this, we feel that the next couple of weeks could be vital to the NASDAQ, and show where the next moves heading towards.

If the NASDAQ does in fact break down from here and below the hammer from the previous week, we feel this market could come undone at that point. Granted, it has been a nice there step type of action higher, but we have to recognize that we have broken down below a trend line that is positive, and have retested it from the bottom. We failed, and as a result the NASDAQ suddenly looks like it could be a bit vulnerable.

On that move, we believe that the market will probably look for 3600 at first, but possibly 3300 as well. With that, we feel that the move could be fairly sudden though, and it really comes down to whether or not we get the right headline to push the market over the cliff so to speak. On the other hand, if we break the top of the shooting star which is roughly 4200, that would be an extraordinarily bullish sign, and have the market going much higher. A break above the 4350 level of course would be a fresh, new high, and the markets would of course take off to the upside at that point in time.

We don’t necessarily think the markets ready to break down quite yet, but we have to bring that to your attention as it is a potentially market moving event. The next candle or two would be very important, and as a result we will be paying quite a bit of attention to this market. On another note, if the NASDAQ moves drastically, it will be a sign of risk appetite. That could send all stock markets in the same direction.





Sergey Golubev
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Sergey Golubev  

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newdigital, 2014.04.26 14:43

MIB forecast for the week of April 28, 2014, Technical Analysis

The MIB as you can see initially tried to rally during the week, but found the 22,000 level to be far too resistive. Because of this, the market pullback to form a shooting star, and it appears that we will be looking to find support below. With that, the market is still in a very strong uptrend though, so we are not interested in selling this market under any circumstances. We are simply going to wait on the sidelines for a supportive candle so that we can start buying again.





Sergey Golubev
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108398
Sergey Golubev  

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newdigital, 2014.04.26 15:35

CAC forecast for the week of April 28, 2014, Technical Analysis

The Parisian index tried to rally during the week, but as you can see found enough resistance of €4500 level to turn things back around. Unfortunately, we ended up forming a shooting star, instead of breaking through like we would have preferred. Nonetheless, the market of course still look bullish overall but the fact that we formed a shooting star does suggest to us that possibly we may be getting ready to pull back a bit. At the end of the day, we believe that this pullback may be one of those times where the bullish longer-term traders may be a lot of pick out a bit more in the way of a position size as it certainly should concede value down in this general area.

Currently, we have been in an uptrend the channel and there is nothing on this chart to suggest that the channel is done. With that, we believe that a pullback all the way down to the 4350 level is possible, and as a result we think that there will certainly be some value in that area. On top of the idea of the channel is the fact that the area has offered support and resistance over the last several months, so quite frankly appears that there is quite a bit of interest in general.

The market looks as if it’s ready to continue going higher after a little bit of a pullback in if you look at the channel itself, it just seems that we been shopping around with the general upward bias. Because of this, we believe that the CAC is a longer-term buy-and-hold type of situation, not something you should be looking for quick returns in. That’s okay, because quite frankly that is a much healthier sign then suddenly gains. The shows that people were methodically stepping back into the marketplace, and that they believe in the long-term validity of the uptrend that we are presently in. With all that, there is absolutely no reason that we can see on this chart to consider selling this market.





Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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newdigital, 2014.04.26 15:39

IBEX forecast for the week of April 28, 2014, Technical Analysis

The IBEX tried to rally during the week, but as you can see found enough trouble just above the €10,500 level to pull things back down and form a shooting star. The shooting star suggests that the market could pull back from here overall, and as a result we are on the sidelines. We are actually looking for support somewhere near the €10,000 level, and if we get the right supportive candle, we are more than willing to buy this market. We would also do the same if we break the top of the shooting star from this past week as it would show a significant break up momentum.





Sergey Golubev
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Sergey Golubev  

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newdigital, 2014.04.27 06:19

EUR/USD forecast for the week of April 28, 2014, Technical Analysis

For the second week in a row, the EUR/USD pair fell, but bounced enough to form a small hammer. With that being the case, we believe that this market will continue to grind sideways, and as a result this market looks as if it is not ready to do anything at the moment. Because of this, we are not interested in a longer-term trade in the EUR/USD pair, but do recognize that there is a potential uptrend line coming soon, so buying is possible, but not at this moment in time.





Sergey Golubev
Moderator
108398
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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newdigital, 2014.04.27 06:44

NZD/USD forecast for the week of April 28, 2014, Technical Analysis

The NZD/USD pair went back and forth during the course of the week, but eventually changed very little. The market looks as if it’s still well supported at the 0.85 handle, and as a result we feel that this market will more than likely find buyers in the general vicinity. Going forward, we fully anticipate that this market will try to get to the 0.90 handle, and we do not have the right supportive candle to get involved. However, if we break down below the 0.85 handle, we think this market will more than likely head to the 0.83 level.





Sergey Golubev
Moderator
108398
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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newdigital, 2014.04.27 06:47

USD/CAD forecast for the week of April 28, 2014, Technical Analysis

The USD/CAD pair continue to go higher during the week, but as you can see didn’t have much of a range. At this moment time, we believe that this market will continue to the 1.13 level, but it may take it’s time to get there. With that being the case, we feel that this market can only be bought, and as far as selling is concerned it’s almost impossible based upon the supportive hammer from two weeks ago. If we can get above the 1.13 level, we feel that the market goes to the 1.15 over time.





Sergey Golubev
Moderator
108398
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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newdigital, 2014.04.27 06:50

USD/JPY forecast for the week of April 28, 2014, Technical Analysis

The USD/JPY pair fell during the course of the week, but as you can see had a very small trading range. Because of this, we feel that this market is still stuck in the consolidation area, and as a result we really don’t have much of an opinion at the moment. However, you can see that there is an uptrend line that we are approaching, therefore we are looking for a supportive candle in order to start buying as we think the market will continue to try and reach the 103 level, followed by the 105 level given enough time. Selling is not an option.





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