Daud Bhatti

Daily Technical Video from 10.7.2013 when we called for a rally in $USDJPY from 96.52, $GBPJPY to make marginal new lows toward 155.21 area and rally and $SPX500 to test…

$GBPJPY has hit and exceeded 159.00 targets called in this video. Take a look at this intra-day video presented to clients on 9/9/2013 [jwplayer mediaid="113603"]

Yields have turned higher in what looks to be an impulse in wave (( i  )) of ( 5 ). 2.80% could be tested before we see a pullback in…

Expect a test of 0.8488 – 0.8509 to complete a 5 wave rally from 0.8329 low from where pair should pullback at least in 3 waves.  Only an impulsive decline…

Metal has broken higher from wave (( b )) triangle and while above 21.59, expect another push higher toward 22.74 – 23.01 area to complete a cycle from 20.59 low…

Index appears to be completing wave ( B ) as a FLAT which can still test 13709. As Index avoids aggressive weakness below this level, expect it to turn higher.…

 It's time to revisit $FTSE chart as we last looked at it on 8.1.2013 and establish that bulls had regain control as Index showed a 5 wave move up following…

Pair is bouncing from 76.4 fib of wave ( D ) @ 96.92. Marginal new lows to 96.78 could still be seen before pair turns higher. Cycle is very close…

Expect marginal new highs to 105.00 to complete wave A as a FLAT. This should result in a wave B pull back  and further strength toward 106.67 – 107.99 to…