EUR JPY 15 Min:I called this in the forum with entry and profit points.Price fell from the open to the weekly central pivot point. It rose and fell in 3 waves High1 Low1 High2 Low2 to a double bottom and measured move (short bold blue lines). It then produced an…See More
AUDUSD has been falling hard for the last couple of months from 0.9400, a move that is a considered as an extended wave 3 because of big and fast move. As such, we believe that pair is in impulsive downtrend, it means that decline from July high needs to be made by five subwaves. If that's the case then one leg is still missing; we expect a break down into a wave 5 towards 0.8500 area to complete wave A) later this month.AUDUSD Daily Elliott Wave Analysis…See More
The EURUSD jumped towards the 1.2886 levels last week , and printed a new resistance at this level which could change trend direction the upcoming weeks , before we continue let’s highlight the most important events which may influence EURUSD pair next week : Tuesday , Oct 21 2014US will release its report on Existing Home Sales.Wednesday , Oct 22 2014US will release its data on Core CPI (MoM) (Sep) .Thursday , Oct 23 2014From EURO zone , Germany will release its data on Manufacturing PMI…See More
Gold:Gold prices moved between small gains losses in early Asian Session. The last week was a profitable week, this metal showed an outstanding move. Gold has gained more than 68 dollars in last two weeks.Recommendations:Buy near 1236, Expected Tragets 1245, Stop Loss 1230 , sell stop 1229.Supports: S1 1232.5167S2 1226.9533S3 1222.4267Resistance:R1 1242.6067R2 1247.1333R3 1252.6967GBPUSD:Great British pound is under a great selling pressure and it seems that it will amend its previous weekly…See More
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