USDCAD fell sharply last week so obviously corrective wave (4) is much bigger and more complex. An updated count shows break down out from a triangle placed in wave B), so wave C) is now in play; final leg of a contra-trend move from 1.2833 high. With that said, bullish turn may still follow in the future, maybe already at the start of the week as wave C) reached important equality level compared to wave A). If pair will bounce in five waves and go through 1.2330 resistance that this would…Continue
Added by Gregor Horvat on April 21, 2015 at 8:09am — No Comments
EURUSD – Down…Continue
Added by Hoho9 on April 21, 2015 at 7:53am — No Comments
Top chart showing daily zoomed out. Pair seems to be sitting on a shelf. Bottom chart is 4H. Triple bottom building, went in with an 80 pips SL looking to target 0.9700.
Added by FX Insider on April 21, 2015 at 7:17am — No Comments
AUDUSD – Down
Gold – Down…Continue
Added by Hoho9 on April 21, 2015 at 2:12am — No Comments
AUDUSD has been in a broader downtrend for exactly two years now, losing 3,000 pips from the 2013 highs.
With the upcoming AUD event risk over the coming days we turn our attention to key levels that have been carved out by the daily time frame.
But before we get into the details, let’s gain some perspective of where we are today relative to past performance.
The monthly chart paints the picture nicely.…Continue
Added by Justin Bennett on April 20, 2015 at 11:32pm — No Comments
A downwards bias in eur/usd and this might be start of minute wave 3. This next wave should accelerate this decline and carry eur/usd to new lows and beyond 1.046 which was previous minor wave 3 low.
Taking into account this wave count and few months of negative economic data from US i think there will be massive run FROM the dollar, as there were massive run to the dollar that accelerated about a year ago. The run from the dollar will be more swift and the dollar crosses could be a…Continue
EUR USD 10 Min:
Price rose strongly from low of the day pulling back in two waves eventually with a low 2 signal which failed immediately engulfing up to a high 3 long. In fact the Low 2 was almost a double bottom with…Continue
Added by Constantine on April 20, 2015 at 2:59pm — No Comments
GBPUSD: Weakens, Vulnerable Below Key Resistance
GBPUSD: With GBP seen weak and vulnerable on the back of its rejection candle print on Friday, more decline cannot ruled out. On the downside, support lies at the 1.4850 level where a break if seen will aim at the 1.4800 level. A break of here will turn attention to the 1.4700 level. Further down, support lies at the 1.4650 level. Its daily RSI is turning lower supporting this view. On the upside, resistance resides at the 1.5000…
Added by fxtech on April 20, 2015 at 2:14pm — No Comments
EUR JPY 15 Min:
This is an example of a double pull back short trade (which I called live on my twitter feed). It lacked the ideal engulfing entry candle. Instead there was the initial push down (red 1) and the two pull backs (red 2(1) and 2(2)). At the…Continue
Added by Constantine on April 20, 2015 at 1:49pm — No Comments
Currently we are at 1.4900 in a range. We are looking for an initial continuation to the 0.500 Fibo support area @ 4.4806 with an overall target @ 1.4710. The average daily true range (ATR) for the pair currently is 141 pips.…Continue
Added by Scott Barkley on April 20, 2015 at 12:38pm — No Comments
EUR USD 20 Min:
Price spiked down and pulled back forming a with trend 20 Min Pin which in itself would have been a suitable signal candle so I called it short on my twitter account. It failed to trigger and the next candle broke up hitting a double top and…Continue
Added by Constantine on April 20, 2015 at 11:00am — No Comments
Short term outlook in GBPUSD remains on the upside as long as 1.4680/1.4811 support holds on a daily closing basis , resistance comes at the 1.5009 levels , a halt is likely but a break would open 1.5163 next .At this point I’d expect strong resistance from the 1.5163 levels to limit rise from the 1.4565 levels and bring fall resumption , however ; sustained breakout above the 1.5163 levels will have large bullish implication towards the 1.5350/1.5550 levels.
On the downside , a…Continue
Added by Haitham653 on April 20, 2015 at 9:19am — No Comments
Short term outlook in EURUSD remains neutral with risk to the upside as long as 1.0706 support holds on a daily closing basis , stability above the 1.0706 levels mains the pair is in recovery mode . At this point I’d expect strong resistance from the 1.0886/1.1036 levels to limit rise from the 1.0461 levels and bring fall resumption , however , a clear break above the 1.1036 levels will suggest bottoming in mid-term outlook and open the 1.1182 levels …
On the downside , main support…Continue
Added by Haitham653 on April 20, 2015 at 9:08am — No Comments
Cable is turning sharply higher from its lows but price remains trapped in a downward channel so trend is considered as bearish. That said, current rally from mid-March can be irregular correction in wave (4) that can stop at the upper trendline, so be aware of a new turn down later this month.
GBPUSD Daily Elliott Wave Analysis…Continue
BOB stands for break out buy and BOS stands for Break out sell. When a stop loss hit, this pending
order will recover the loss. The TP for this limit should be equal to loss in first…Continue
Added by Usman Ali on April 20, 2015 at 7:44am — No Comments
Our Preference: Buy above 0.9500 levels for the target of 0.9600 and 0.9720 levels.
Alternative Scenario: Nill
Technical Commentary : In Daily chart :- UsdChf was trading in the triangle pattern and now it was trading near…Continue
Added by CentreForex on April 20, 2015 at 7:10am — No Comments
Our Preference: Buy above 1200 levels for the target 1209,1213 and 1218 levels with stoploss below yesterday low.
Alternative Scenario: Nill
Technical Commentary :- In weekly chart, Gold was closed on higher…Continue
Added by CentreForex on April 20, 2015 at 7:01am — No Comments
Our Preference: Sell Below 1.4980 for the target of 1.4850 & 1.4730 levels.
Alternative Scenario: Nill.
Technical Commentary: In Daily chart:- GbpUsd was trading in the range bound pattern between key resistance level…Continue
Added by CentreForex on April 20, 2015 at 6:56am — No Comments