Trend Recognition

Nasdaq 100:Nasdaq 100:  2547.27Short-Term Trend: uptrendOutlook:Because the market was overbought, a week ago I decided to exit our long position from 2360 level. The market continued to move...

EUR/USD:EUR/USD: 1.3195Short-Term Trend: weak downtrendOutlook:EUR rose ot 1.3320 last week only to touch the 100-day moving average and pulled back. The fact that the prices remain below the...

Nasdaq 100Nasdaq 100: 2461.69Short-Term Trend: uptrendOutlook:The Nasdaq 100 market remains quite strong as the prices have moved abv the 2460 level. The next upside target is 2545 and I am pretty...

EUR/USD:EUR/USD: 1.3218Short-Term Trend: weak downtrendOutlook:A week ago I favored longs on a small pullback against the 1.2670 level. Depending on your risk tolerance, you are either long already or...

Nasdaq 100:Nasdaq 100: 2437.01Short-Term Trend: uptrendOutlook:We saw the expected upside acceleration last week and Nasdaq 100 is now trading at 11-year high! The daily chart remains very bullish,...

EUR/USD:EUR/USD: 1.2929Short-Term Trend: weak downtrendOutlook:Finally the prices have moved abv the declining 21-day moving average and the current downtrend has weakened. What's more the daily...

Nasdaq 100:Nasdaq 100: 2372.19Short-Term Trend: sidewaysOutlook:The reason why the trend on the daily chart is still labelled sideways is because the the prices remain below the key 2400 level. Once...

EUR/USDEUR/USD: 1.2675Short-Term Trend: downtrendOutlook:EUR attempted a rally last week as expected but failed near the 1.2870 resistance and resumed its decline. The prices remain below the...

Nasdaq 100:Nasdaq 100: 2355.32Short-Term Trend: sidewaysOutlook:Theoretically the trend on the daily chart is still sideways as the prices remain below the important resistance at 2400. But the last...

EUR/USD:EUR/USD: 1.2719Short-Term Trend: downtrendOutlook:EUR tried to rally in the 1st half ot last week, but failed at the declining 21-day moving avearage and then declined to new lows. The prices...

Nasdaq 100:Nasdaq 100: 2271.91Short-Term Trend: sidewaysOutlook:The weekly chart is a bit positive, but the daily chart right now is dead neutral. There is a clear Contracting Triangle on the chart...

EUR/USD:EUR/USD: 1.2957Short-Term Trend: downtrendOutlook:Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of...

Nasdaq 100:Nasdaq 100: 2287.47Short-Term Trend: sidewaysOutlook:The price action last week was quite positive as the bulls managed to hold the prices well above the late November low. As result, the...

EUR/USD:Nasdaq 100: 2287.47Short-Term Trend: sidewaysOutlook:The price action last week was quite positive as the bulls managed to hold the prices well above the late November low. As result, the...

Nasdaq 100:Nasdaq 100: 2237.87Short-Term Trend: sidewaysOutlook:The daily chart remains dead neutral as the prices remain between the most recent extremes (2400 on the upside, and 2150 on the...

EUR/USD:EUR/USD: 1.3042Short-Term Trend: downtrendOutlook:A few weeks ago I favored a short position in the 1.34/1.35 area. Since then EUR has been under heavy pressure and has already declined below...