Divergence Magazine Nov2013

Page 1


S&P500

Last update 04.11.2013: S&P 500 went above 1749 which created a new situation in the wave count. Now S&P500 could go higher as the wave 5 will unfold but there is no much space so the significant downward pressure is very close. The critical level is 1753 if S&P500 will go below in the next trading days than the highly waiting falling will start.

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2


DAX

Last update 04.11.2013:

New highs and RSI divergence which might have signed the top of

wave 3.So now we can wait for a decline below 8000 where there is the upper trend line.

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3


NIKKEI

Last update 04.11.2013: a Contracting triangle where the wave E is underway. Wave E close to finish somewhere here but there is some room for declining to 13300(wave C)-13800. This is a same structure like in the USD/JPY, where the wave E has unfolded yet so maybe the JPY weakening will lead the Nikkei rising.

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4


SHANGHAI COMPOSITE

Last update 04.11.2013:

I waiting for rising from this level and China should go above 2200 and

broke the downward trend line which open a huge space for rising in the wave D to 2800.

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5


HANG SENG

Last Update 04.11.2013: Hang Seng Index is in the wave 3 advance, maybe there will be a setback. The main way is upward.

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6


SENSEX

Last Update 04.11.2013: Further rising is waited for. 07.10.2013: Sensex has tested the long term upside trend line in late august when this pessimistic cover was published by The Economist, from that time the index has been rising. In short Sensex should rise above 21000 resistance with the Indian Rupee weakening. Highly waiting for it.

AIDTRADER.COM

7


EUR/USD

Last update 04.11.2013:

The EUR/USD rose above 1,3711 and rising further. The meaningful

area has not been reached yet that's way I am a bit skeptical with this falling, but the EUR/USD rose above 1,3830, so the correction is almost done. Now I consider the significant downtrend has started yet and the key level is 1,37. EURUSD pair should stay below.

AIDTRADER.COM

8


USD/JPY

Last update 04.11.2013: wave E is unfolding and the crucial level is 95,9. Japan needs more stimulus and they will get it from the theirs leaders and after the Us debt problem solution the USD/JPY will go new highs.

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9


GBP/USD

Last update 04.11.2013: 1,62 stopped the GBPUSD, maybe the wave E has just done so the significant downturn is underway but it should be validation and if the cable would go under 1,59 than the wave E would be valid. After the downturn the interesting situation will be 1,5-1,52 level where the sideway bottom trend line is. If the Cable will goes through then the wave C will be underway officially.

AIDTRADER.COM

10


USD/CHF

Last update 04.11.2013: the setback from the wave A (0,9972) seems a double Zigzag and the wave c of wave B should find its bottom at previous wave 4 at 0,88. Maybe wave B is completed yet, so the USD should go up. On the other hand the setback could unfold in a lower price somewhere above 0,85 and after USDCHF will be able to rise.

AIDTRADER.COM

11


USD/INR

Last update 04.11.2013: maybe the correction is already unfolded so from this level USDINR should go higher and the next question will be this correction will had finished or there will be another setback. We will see how the wave will unfold but at the moment i forecast rising.

AIDTRADER.COM

12


EUR/GBP

Last update 08.1.2013: The wave C of wave 2 bottom should be at hand, there is a divergence also which strengthen this view. Now I look for the onset of wave 3 up that will go well above 0,88.

AIDTRADER.COM

13


EUR/JPY

Last update 04.11.2013: My opinion is that the wave 5 has just made, and now EURJPY should go lower level, below 120 where the 38,2 fibonacci level is. This interpretation will be valid if the 132,5 level will have been broken.

AIDTRADER.COM

14


GOLD

Last update 04.11.2013: The gold situation is complicated a bit. There are three option at the moment. One of is the downward movement has started and Gold will fall forward below wave 3. The other two options are the correction has not unfolded yet. There are two interpretations of correction, one is a double Zigzag, the other is a sideways triangle correction. I prefer the second double zigzag correction to above 1470. Now the key levels are 1251 and 1360.

AIDTRADER.COM

15


CRUDE OIL

Last update 04.11.2013:

The crucial level 100$ was not strong enough to hold Oil and the wave

II has been unfolding, maybe oil is close to the end of this correction. 94$-95$ should hold oil and after that oil has to rise.

AIDTRADER.COM

16


NATURAL GAS

Last update 04.11.2013: Key level is at 3,46. Gas should stay above it. If it goes below than the wave 2 is underway and the correction has not already finished.

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17


WHEAT

Last update 04.11.2013: 700$ was a strong resistance. Wheat were correcting in a double Zigzag. The C wave unfolded yet above 700$, and the wave 5 has just started and go below 600$. 700$ could be a strong resistance.

AIDTRADER.COM

18


10 YEAR US TREASURY YIELD

Last update 04.11.2013: The wave 2(Zigzag) is underway and it goes the price down to the fibonacci levels. Maybe the correction has just finished at level 2,47, this was the minimum correction. Above 2,75 the wave II will be valid. If these level will be strong enough to hold up the 10-year Us treasury, than the Federal Reserve will be in a huge trouble. This view is alive while 10-Y-Us is above the 1,64 level.

AIDTRADER.COM

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