New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 


Dollar Index: Bearish Triangle

Top



Jan 13 2013

A week back we discussed about two possibles on Dollar Index in wave (B) position, we mentioned flat or triangle. Well, looks like triangle appears to be the case now after only three wave rise from 79 to 80.90 level. Triangles are five wave patterns, so be aware of a short-term bounce in wave E) towards 80.00 zone before whole structure is complete. Anyhow, we expect a fall beneath 78.50 while 80.90 resistance is in place.

dx

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contracting triangle
 

tri
• structure is 3-3-3-3-3
• each subwave of a triangle is usually a zig-zag
• wave E must end in the price territory of wave A
• one subwave of a triangle usually has a much more complex structure than others subwaves
• appears in wave four in an impulse, wave B in an A-B-C, wave X or wave Y in a double threes, wave X or wave Z in a triple threes

Test our services now absolutely free:  "7-day trial"
Click here


 

 


EURUSD Correction

Top



Jan 10 2013

Traders be aware that despite current sharp intra-day rise from 1.3135 support, the whole price action from January 4th is corrective. The reason is a three wave rise to 1.3140 which we know is a corrective movement, now part of a larger complex pattern. From an Elliott Wave perspective we are tracking two possible patterns, where both legs (a) and (b) are made in three waves like in our EURUSD live example below. we are talking about flat where wave (c) could rally back above 1.3140 or even triangle if price remains sideways after ECB press conference.

Bottom line: Current rise is part of ongoing correction and sooner or later EURUSD should turn beneath 1.3000.






Test our services now absolutely free:  "7-day trial"
Click here

Video: The Dirrection Of the USD In 2013

Top



Jan 06 2013



Test our services now absolutely free:  "7-day trial"
Click here


NZDUSD Is Looking For More Downside

Top



Jan 03 2013

Commodity currencies are very weak after the FOMC meeting minutes, with NZD down against both other major commodity currencies CAD and AUD while USD is currently up against all of them. I have here 4h NZDUSD chart where price action is pointing lower, towards December lows after previous five wave fall in A), followed by a sharp but still possibly corrective rise to 61.8% retracament area. Intra-day weakness just slowed down at double channel lines; would love to see a break here to confirm a bearish view and discover some short entries.



Test our services now absolutely free:  "7-day trial"
Click here




EW Video: AUDUSD, USDCAD and GOLD

Top



Dec 24 2012

Dear Trader,

2012 was very interesting year for the markets with a lot of important swings and trend changes. Our forecasts were mostly right, and we will do our best to repeat this in 2013.

Officially our services will now be closed for a holiday break, but if you want to join and start a new journey with us in 2013, then now it’s right opportunity for you to sign up through the special offer 2 for 1.

For the year end we decided to give you a free access to our latest video analysis on AUDUSD, USDCAD and GOLD.




Test our services now absolutely free:  "7-day trial"
Click here





EURUSD: Sharp Uptrend May Extend To 1.3500-Elliott Wave

Top


Dec 19 2012

EURUSD is trading significantly higher and very sharply from 1.2870 wave 2) low which we think its wave 3) of a larger five wave rally. Notice that price is already testing base channel resistance line where decisive break should cause acceleration even to 1.3500 in weeks ahead. Any larger and deeper pull-backs should find the support around 1.3100/50 zone.





Crude Oil: Bearish For $82.50

Top



Dec 11 2012

We suspect that oil prices will make a new low in this week, after only three waves of recovery from 84.00 to 90 area. Market also made a sharp bearish reversal towards the support channel line which supports the idea that recovery was corrective and that wave B) is finished. As such, traders should be aware of a wave C) extensions down to 82.50 area in coming days. However, this wave C) is part of wave (E) which is final leg of a wave B triangle, so after that new low we will keep an eye on evidences of a bullish price action.





<< [1-7][8-14][15-21][22-28][29-35][36-42][43-49][50-56][57-63][64-70][71-77][78-84][85-91][92-98][99-105][106-112][113-119][120-126][127-133][134-140][141-147][148-154][155-161][162-168][169-175][176-182][183-189][190-196][197-203][204-210][211-217][218-224][225-231][232-238][239-245][246-252][253-259][260-266][267-273][274-280][281-287][288-294][295-301][302-308][309-315][316-322][323-329][330-336][337-343][344-350][351-357][358-364][365-371][372-378][379-385][386-392][393-399][400-406][407-413][414-420][421-427][428-434][435-441][442-448][449-455][456-458] >>