Trend Recognition

EUR/USD:EUR/USD: 1.3384Short-Term Trend: downtrendOutlook:EUR was little changed last week as it traded in a tight range between roughly 1.33 and 1.3450. As the prices remain below the declining...

Nasdaq 100:Nasdaq 100: 2302.25Short-Term Trend: sidewaysOutlook:Last week's rally was something we didn't expect at all. After a positive news on Monday, the market gapped up and the market rallied....

EUR/USD:EUR/USD: 1.3389Short-Term Trend: downtrendOutlook:A week ago I favored a short on small recovery against 1.3620 level. EUR managed to rally a bit but failed near 1.3540/45 and declined sharply...

Nasdaq 100:Nasdaq 100:2150.88Short-Term Trend: sidewaysOutlook:After the breakdown that we saw a week ago, Nasdaq 100 was under huge downside pressure every day last week (except for Thursday when the...

EUR/USD:EUR/USD: 1.3237Short-Term Trend: downtrendOutlook:Theoretically the count presented a week ago is still valid as the prices have not moved below the 1.3196 level. So, please, take a view at...

Nasdaq 100Nasdaq 100: 2253.86Short-Term Trend: sidewaysOutlook:Last week I favored a long position on a pullback against the 2285 level. Well, I was wrong. The market broke firmly below the 2285 level...

EUR/USDEUR/USD: 1.3504Short-Term Trend: weak downtrendOutlook:Last week I thought wave [E] from the May 2011 top was over but the price action last week proved I was wrong. The October low may still...

Nasdaq 100:Nasdaq 100: 2355.23Short-Term Trend: weak uptrendOutlook:Three weeks ago Nasdaq 100 was trading at 2335 and I was bullish. I also pointed out that from a trading perspective it was...

EUR/USDEUR/USD: 1.3747Short-Term Trend: sidewaysOutlook:In my last update three weeks ago EUR was trading near 1.3900 and I was very bullish. And initially my bullishness was justified as the single...

S&P500: 1238.19Short-Term Trend: uptrendOutlook: Surprisingly S&P500 was much stronger than Nasdaq 100 last week. The market held well during the small pullbacks on Monday and Thursday and...

GBP/USD: 1.5945Short-Term Trend: sidewaysOutlook: For long I have expected to see a rally twd the 1.5950 Fibo level before the downtrend can resume. However last week I said that if a decline below...