EURUSD-1.20/-. This also seems to have formed a triangle from 2006 onwards and it took nearly 8 years(a fibonacci) and seems to have just broke below the B-D trend line indicating we might have started the down move. also note the EURUSD has moved below the 200 month EMA in Dec 2014 first time after june 2002. Such a long period indicates that EURO is going to depreciate against USD. As its a triangle formation over 8 years the target should be generally the length of the longest wave which 0.44 so we should have a target of below 1.00 easily incoming months if EURO fails to move past the 200 week EMA. Strength of DXY in clearly showing off in EURO and it seems that we are in for a big fall will it happen now lets wait and see.

May All be Peaceful and Happy
Mahiidar M
Enjoying Life
Trend is Friend.

DXY-91.28, the USD index seems to have entered into a bull run after more than 30 years of consolidation which gives an indication that USD is in for a good bull run against all international currencies.As can be seen from the chart USD has formed a a sloping triangle with clearly defined waves A to E waves and it seems this year it has broken above the BD line indicating the completion of the triangle and healthy up move has started and it might run for years to come. Now generally comes the question as to what would be the extent of rise. The break out would be generally equal to the length of the longest wave of the triangle. The longest wave is of length 80 from 1978 to 1985 so now it should be of that length from the end of the E wave which happens to be around 78 so this gives a target of above 150( unbelievable). So we have to see whether we achieve the target or not but we are sure to move past the high of D wave which happens to be around 120 levels. So slowly and steadily USD might market ahead till 80 is taken out. So all world currencies seems to be in a great danger against USD.

May all be Peaceful and Happy

Mahiidar M

Enjoying Life

Trend is Friend.

Dow Jone Industrial Average:

 Dow Jones industrial average is making all time highs during the last week and every body is gung ho about the same. So now we see what the charts are indicating. As can be seen in the above chart there is a huge -ve divergence of RSI with the price also notice the volumes which are on decreasing trend(migh be due to christmas) but technical s are technical s and the divergence along with volume reduction is indicating that we might reverse any movement and the current up moves lacs strength. There is -ve divergence in MACD and others also which are all indicating that the up move is going to end as early as possible. So the beginning 2015 is going to be surprise for bull as far as dow jones. So watch out for the same.

May all be Peacful and Happy
Mahiidar M
Enjoying Life
Trend is Friend

World Indices