Trend Recognition

EUR/USD: 1.3018 Short-Term Trend: Weak uptrend Outlook: Our entry point at 1.3010 was elected last week and we are now bullish. The decline from the early March top is a bit faster than we wanted...

Main analysisNasdaq 100Nasdaq 100: 2737.11 Short-Term Trend: Sideways Outlook: There was a key reversal day last week on this market - on Wednesday. This day also represents an island reversal...

Main analysisEUR/USDEUR/USD: 1.3462 Short-Term Trend: Uptrend Outlook: After spending a couple of weeks in a small sideways consolidation below 1.3400, EUR/USD broke out last week. Thus, our...

Main analysisNasdaq 1003Nasdaq 100: 2743.37 Short-Term Trend: Sideways Outlook: We had a relatively quiet week in which Nasdaq 100 made a new high at 2765 for the current upmove from the Nov 2012...

Main analysisEUR/USDEUR/USD: 1.3319 Short-Term Trend: Uptrend Outlook: EUR/USD traded in a tight range between 1.3250 and 1.3400 last week consolidating the previous strong gains. The daily chart...

Main analysisNasdaq 100Nasdaq 100: 2747.91 Short-Term Trend: Sideways Outlook: The recent upmove from the late December low remains intact but the upward momentum has slowed in our opinion. As you...

Main analysisEUR/USDEUR/USD: 1.3341 Short-Term Trend: Uptrend Outlook: Well, I was bullish for the daily chart on EUR/USD but expected a pullback toward 1.2870 prior to another rise. But last week...

Nasdaq 100Nasdaq 100: 2723.81Short-Term Trend: SidewaysOutlook: In my previous update, I listed two scenarios: one implying that wave E is over and another one suggesting that wave E is still...

EUR/USDEUR/USD: 1.3067Short-Term Trend: Weak uptrendOutlook: EUR failed last week at 1.3300 resistance and declined sharply. While there is still a pattern of higher highs and higher lows from the Nov...

Main analysisNasdaq 100Nasdaq 100: 2606.46 Short-Term Trend: Weak downtrend Outlook: The market surprised us with a big decline last week and brought a signal that wave E might have ended already....

Main analysisEUR/USDEUR/USD: 1.3215 Short-Term Trend: Uptrend Outlook: EUR/USD has traded sideways since our last update between 1.3155 and 1.3285. This sideways trading is likely to resolve with...

Main analysisNasdaq 100Nasdaq 100: 2664.68 Short-Term Trend: Sideways Outlook: This market was extremely volatile last week. It first rose sharply from 2620 to 2713 but then retreated sharply on...

Main analysisEUR/USDEUR/USD: 1.3186Short-Term Trend: UptrendOutlook: After some consolidation below the 1.3195 Fibonacci level, EUR broke above there and rallied to 1.3307 last week. But then it...

Main analysisNasdaq 100: 2628.71 Short-Term Trend: Sideways Outlook: The market couldn't overcome the 2700 resistance level and pulled back last week. As you know, I was looking for a pullback...

Main analysisEUR/USD: 1.3162 Short-Term Trend: Uptrend Outlook: Once again the 1.2870 Fibonacci level provided nice support last week as the low was registered on Monday at 1.2885. As you know, the...

Nasdaq 100Nasdaq 100: 2640.02 Short-Term Trend: Sideways Outlook: Last Monday Nasdaq 100 moved briefly above the 2682 Fibonacci level but returned as quickly below it and spent the entire week...