Mr.Dev (s)

Mr.Dev(s) is a team of non-biased certified technical and research analysts with extensive experience in the financial markets dating back to 1997. They accurately forecast market movements and position their clients accordingly. They are popular online contributors on many channels and platforms, known for their non-biased advice and commitment to helping investors make informed decisions. The team is also the founder of forex account management services on Moneymunch.com, demonstrating their knowledge and experience in the financial world. Investors can rely on Mr.Dev(s) for research reports and opinions, as well as trading guidance.

Join Today (Free): Commodity Tips | Forex Signals

In 2013, EURUSD Can Target 1.36 – 1.44

The pro-growth monetary policy should mildly support economies throughout the world in 2013, despite the persistence of different risk factors. The US dollar may decline further. What will happen to stocks and bonds?

US dollar: More declines ahead

The EURUSD played a starring role during the last part of 2012. This uptrend, which started in July after President Draghi declared the European Central Bank’s (ECB) willingness to buy unlimited bonds, is still ongoing. The market is meeting an important resistance at 1.33 and corrections are therefore possible. Uncertainty exists regarding Italy’s capability of forming a meaningful government after the political elections next year in February. However, the medium-term uptrend remains intact for the Euro against the US dollar. The ECB should not cut rates short-term, as the economy, though weak, is improving. The latest Purchasing Manager’s Index (PMIsurvey signaled that productivity has bottomed out and should start to rise over the medium-term. The ECB’s “wait and see” approach can support the Euro to reach higher levels. Since 1977, bull-moves within long-term bull cycles have lasted between 20% and 30%, top to bottom, before fading away. Consequently, an increase above 1.3350 can raise the price of the euro to 1.36, and eventually to 1.44.

Although Japan is in recession, Japanese housing starts, industrial production, and consumer sentiment have recently been positive. Prime Minister Abe has become more accommodative in his tone toward the economy. The Japanese yen could experience less pressure in the months ahead. Currently, USDJPY is experiencing a runaway bull-trend and is meeting good resistance at 84.55. It corresponds to two long-term trendlines and should hold at first touch. The US dollar is in fact extremely overbought and could correct to 83.00. According to the latest Commitment of Traders (COT) report, futures funds have bought massive amounts of the US dollar; a move above 85.10 will shift the price to 86.20/87.00

Will bond prices fall and stock prices rise?

The debate in Congress over the “fiscal cliff” is ongoing. A compromise could be found by the first part of 2013. As risk continues to fade, the US treasury yields should move toward 2.00%. The Federal Reserve is willing to let inflation expand in order to create positive momentum in the job market. Technically, the US ten-year note prices are leaning against the upper channel line of the past 26 years. A tentative breakout occurred in July and has apparently failed. In fact, the market is extremely overbought. According to the latest COT report, future funds have accumulated about 400,000 contracts of the ten-year treasury notes, the highest level in the past four years. What is left to buy if most of the major players are already in the market? In 2013, the prices of the ten-year notes futures could decline for 3-6 months and reach 132-130.

With bond yields rising and the dollar declining, US stocks should appreciate in the first part of 2013 as well. US company earnings are still performing well, while profit margins should improve with the labor market only mildly growing. The Fed’s pro-growth approach is supporting prices, and once Operation Twist concludes, it will be followed by net bond buying. Technically, the S&P 500 index is challenging the higher Bollinger bands at 1450. A swing above 1475 could lift prices to 1500/1550. Historically, January is a good month for stocks. Volatility could increase, however, if a compromise is not found in the short-term. During the last part of 2012, US companies and households have already reduced spending. The business sector can increase production only if foreign demand rises faster in 2013 than in 2012. The latest data has shown that China’s economy is growing again, but other so called “emerging markets” are still underperforming. A recession in the US will destabilize the world’s still fragile economic recovery.

EURJPY Chart Pattern Analysis (Forex)

EUR JPY

Challenging the strong resistance at
111.44/111.60.
• EUR/JPY’s rise is overextended but, yesterday,
it managed to make new highs. It is now
challenging the strong resistance at
111.44/111.60. Given the general overbought
conditions, we favour a phase of weakness in the
next few days.
• EUR/JPY has moved above its long-term
downtrend (linking the October 2009 top with
the April 2011 top). Monitor the test of the key
resistance at 111.60 (31/10/2011 high).

Short 3 at 111.30, Objs: 110.35/108.10/106.10, Stop: 112.25

Continue reading

New update: MCX Crude oil, CPO and Mentha oil

MCX Crude oil

Let’s we make this Wednesday beautiful. Start trading with Energy sector crude oil. As I said on my past newsletter (Click here to read my last commodity report), black gold has been bouncing in a range between 85 and 90 for quite a while. Buy crude oil @ opening bell. Crucial Targets: 4841-4852-4860 and Hurdle: 4815. If crude oil opens downward and cross the hurdle then targets will be 4807-4784.

mcx ncdex cpo

Today, a small trader for earning chance is in MCX CPO and when you are trading with CPO that time does not fear to die. Just opening bell is requiring to downward. Targets: 402-401

 

mcx-mentha-oil

One of my favorite, go and sell it everybody. Targets: 1318-1312-1300. Sorry gals and guys, Stop loss is available only for subscribers.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

UPDATE: MCX Silver, Mentha oil and Cardamom – All targets done!!!

mcx silver

Yesterday what I said about Silver?
Click here to see it
I said,”Once silver touch our hurdle then you can sell it with targets: 62627-62400 and Our hurdle was 62952
gif
All targets blasted in 1 hour. What else you want huh?
Our subscribers are minting money day by day and what about you huh?

 

mcx mentha oil

Yesterday I also said about Mentha oil
First click here and read it
I said,”sell mentha oil at opening bell with targets: 1418-1411-1403
gif
At morning time, our subscribers sold mentha oil @ 1428 and booked profit at 1418. Yesterday without break our Stoploss, menthe oil kissed two times our first target.
Smart traders enjoyed and losers continue watch Pogo!

ncdex cardamom

Yesterday I said about MCX Cardamom and I hope you remember. If don’t then take one hammer and hit on your head.
I had written, “Play safely and earn easily. S/L is 908. Targets: 890-881-873
gif.php_
Cardamom touched first target and missed 1 rupee to kiss second target. Today I expect, it’ll finish every target.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

New update: MCX Silver, Nickel, Cardamom and Mentha oil

mcx silver

Let’s make beautiful day. Lion heart traders, are you ready for take risk? Start trading with MCX Silver.
You can buy silver with targets: 63575-63775-63817
Hurdle: 62952
Once silver touch our hurdle then you can it with targets: 62627-62400
Choice is yours!
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

mcx-mentha-oil

Let’s we start to talk about Mentha oil. It’s looking downward for today. You need to watch it ride because it’s very important. Just sell it at opening bell. Targets: 1418-1411-1403
S/L is 1440 level. Remember stop loss is required, and it’s quite risky.

mcx nickel

MCX Nickel is playing both ways. Intraday traders for great opportunity available in Nickel and in coming days it’ll make unbelievable movement. Really sorry to say, but I’ll say about Nickel to subscribers only.

cardamom mcx ncdex

Play safely and earn easily. S/L is 908. Targets: 890-881-873

Continue reading