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Showing posts from February, 2013

Dow Jones forecast for coming week ended 1st March, 2013.

Dow’s close above 13800 in last few days was a good sign, now I feel that if Dow can maintain this 13800 range then it has stronger chance to break 14000 level in coming week and I am expecting that in early to middle days of the coming week. Previously I was not sure about more up moves above 14000 but after this week’s small correction Dow has that possibility in the upside.

If Dow fails to go past 14000 level or just show small up moves then it has a chance to test 13800 level again and in that circumstance it may make a bearish pattern. If this bearish prediction becomes true then Dow may test around 13600 ranges. In last few months Dow showed near about 61.8% retracement so now if Dow follows the same trend then it may go below 13300.
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DAX forecast for coming week ended 1st March, 2013.

Last time I was talking about closes above around 7750 range which Dax failed to meet yet and unless it is doing that I am not too much optimistic about levels above 7900. In fact if it tests level around 7800 then there is a chance of making a short-term bullish pattern and if that pattern is true then Dax has the possibility of testing around 8000 ranges. It is good to see that Dax is maintaining 7600 range and so long it does not drop below 7400 level, there will be possibilities of upside moves. In fact recent reversal figure indicates that Dax has the chance to start a new up move from around 7600 ranges. So now the initial resistance for Dax will be right there where it closed in the last day, at around 7660 range.

In coming week if Dax fails to break 7600-7700 ranges then it may drop but it is hard to say that it will be a sudden big fall or gradual drops. In the downside 7400 may act as a good support, in fact if Dax drops in coming week then it has the chance of reversal from …

KOSPI forecast for coming week ended 1st March, 2013.

It is good to see that Kospi is again testing level above 2000. During past few weeks I was saying that if Kospi breaks 2000 level then there is a good chance that we may see a new trend and the way it is making higher lows during last few months which is also supportive. In last few days Kospi is getting resistance at 2020 range though I may not ruled out couple of more moves of this type but those may have tendencies in the upside.

Here I must say that if Kospi did not break its last high of around 2040 then there is a chance that Kospi may drop but unless it is breaking 1980 range I do not want to concentrate on any bearish pattern. On the other hand if Kospi stays above 2000 level in coming week then there is a chance that Kospi may try to break around 2040-50 ranges.
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EURO forecast for coming week ended 1st March, 2013.

Euro is following a negative trend and in this type of trend it is hard to predict about definite time of reversal. Last two day’s closing figures were better from its lows and it looks like that Euro may give couple of flat to small up moves now. In that case we may see a directional move in later period of the coming week. Here I must say that Euro has a chance of making short-term bearish pattern if it tests around 1.30 ranges and on the upside important level is 1.34-1.35.

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USD forecast for coming week ended 1st March, 2013.

Finally Usd triggers its bullish pattern but it is getting resistance at around 81.5 range. It looks like that Usd is making a medium-term bullish pattern but the success rate of this type of pattern is not much. If somehow it triggers this new medium-term bullish pattern then we may see Usd to test above 83 levels.

Now it is getting resistance around 81.5 ranges so I will not be surprise if Usd shows couple of small negative to flat moves in early days of the coming week, in that case we may see a directional move in later part. In the downside 80.5 is a good support for Usd.
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Dow Jones forecast for coming week ended 15th February, 2013.

I was doubtful about Dow’s movements above 14000 and still it is struggling with that. In the last day its close was good but it does not reflecting any thing for sure, Dow is more in an uncertain zone. If Dow maintains around 13960 level in early days of the coming week then it has the chance to cross 14000 level but still I think that it may not go much in the upside.

If Dow fails to go past 14000 level or give closing below 13960 then 13800 may not far. On the other side Dow is showing positive moves during last two weeks so if any short-term reversal comes then important level is 13600. In last few months Dow showed near about 61.8% retracement so now if Dow follows the same trend then it may go below 13300.
NOTE: Please see the disclaimer of this blog.

EURO forecast for coming week ended 15th February, 2013.

Few weeks ago I was talking about different options for Euro and it is good to see that it finally reacts on its short-term bullish pattern and that also made it eligible for triggering the medium-term bullish pattern and Euro has already reacted to some extent on that. Now if Euro reacts fully on that medium term bullish pattern then it may go up to around 1.42 range.

For coming week it look to me that Euro will get strong resistance around 1.35 range in the upside and if it fails to cross that in early to middle days then Euro may drop more. 1.33 will be the first support range for Euro and if it breaks then 1.30 is the next support range. On the other hand if Euro is able to stay above 1.35 range for couple of days then it may again try higher levels but so long Euro does not cross 1.37 range it has the chance of dropping, in fact if Euro fails to cross 1.37 level then it may create negative pattern but it is early to predict about that.
NOTE:  Please see the disclaimer of this blog.

USD forecast for coming week ended 15th February, 2013.

Usd able to stay away from its bearish pattern but it is also not showing definite chance of triggering bullish pattern. What I think that Usd may show couple of flat to down moves in early days of the coming week and thereafter if it maintains around 79.5–80 range then there is a good chance that it will trigger the bullish pattern.
On the other hand if Usd breaks 79-79.5 range in the downside then it has the chance of triggering complex bearish pattern, thereby Usd may test below 78 level in the downside.
NOTE:  Please see the disclaimer of this blog.

DAX forecast for coming week ended 15th February, 2013.

Dax has shown nice movements in the upside. This week it drops though during last few days it was trying to make a base. In this circumstance it may show couple of flat to up early days in coming week but unless it is breaking around 7750 range in the upside it will be hard to test higher levels.
What I think that if Dax fails to give closing above 7750 in the upside, it has more chance to drop and that is below 7600 range. In the downside Dax has good support at around 7400 levels.
NOTE: Please see the disclaimer of this blog.

KOSPI forecast for coming week ended 15th February, 2013.

Last week I was emphasizing on 1940 support level in the downside and its last day was better this week. So the chance of reversal is there but it may not come in initial days of the coming week, in fact it may show couple of flat early days. During last few weeks, Kospi is following a bearish trend and unless it shows definite sign of breaking that it is hard to predict for sure. Last time it went around 1860 but that not means this time Kospi will again follow that. If somehow Kospi drops below 1920 then 1900 will act as a good support.

On the other hand if Kospi stays above 1960 (or does not drop below around 1950) in early to middle days then we may expect better days in future but unless it is breaking resistance of around 1970–1980 level, I am not much optimistic about it. I am still maintaining my medium to long-term stand on Kospi, if it able to break 2000 level then we may see a new trend. Here I must say that Kospi is maintaining higher lows from last July, which is also supp…