All Blog Posts (19,260)

EUR/USD continuation of the trend.

It's now pretty clear that the larger impulsive wave 1/A from near 1.40 is still in force. I was too early calling the larger correction and that was indeed wave 4 of 5.

On the daily chart i have outlined the possible target for this impulsive wave to end. At 1.208 wave 5 would be 1.618 times wave 1 and this would be likely target for the end of larger wave 1/A.

When this impulsive decline is finally exhausted there is going to be a larger corrective move and if this whole move…

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Added by VIVAICO on December 21, 2014 at 9:10am — No Comments

Understanding the flow in the market can be difficult

We are all aware of the dangers of seeing in the charts what we want to see. But sometimes even if we have no bias it can be difficult. I am going to use AUDJPY to illustrate my point.

Looking at shorter time frames say H4 you should be convinced that price will continue its downward journey. Yes there is some resistance coming up at 96.500 area but the major one seems to be about 160 pips away.A short taken now will have a good R/R so all looks good for a short. The AUD is…

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Added by Oasis on December 20, 2014 at 3:59pm — No Comments

Target Trading in the Forex upcoming week of December 21, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.227. A couple of different scenarios:  1:  bullish: This could be starting a head and shoulders pattern for a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 115 pips.…

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Added by Scott Barkley on December 20, 2014 at 3:02pm — No Comments

Winning Trade on the 19th December

EUR USD 5 Min:

Setting the Scene:Price hit a double top (in the context of a larger bear move over the last few days) suggesting that this was a bear flag. Price then fell but then rose in a channel consolidating just under the double top…

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Added by Constantine on December 19, 2014 at 3:30pm — 4 Comments

EUR/USD bigger correction or not?

EUR/USD is tricky one to call right now. I am still favouring the corrective count because the low of the 5th wave has not been breached and the thrust from 1.257 was caused mainly on news.

I have taken account the alternative  which can be seen in the alternative H4 chart. This count suggest that the large impulsive wave is not finished and there should then be lower prices to come. The move from 1.257 would then be wave 1 of 5 and the next move is wave 2 to the…

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Added by VIVAICO on December 19, 2014 at 2:24pm — No Comments

Daily Technical Strategist On EURJPY

EURJPY: Faces Price Hesitation.

EURJPY- With the cross failing to follow through higher on the back of its Wednesday gains to close lower on Thursday, downside risk is likely. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level. A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 147.00 level where a break if seen will threaten further upside towards the 148.00.…

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Added by fxtech on December 19, 2014 at 2:10pm — No Comments

Daily Technical Strategist On EURJPY

EURJPY: Faces Price Hesitation.

EURJPY- With the cross failing to follow through higher on the back of its Wednesday gains to close lower on Thursday, downside risk is likely. On the downside, support comes in at the 146.00 level where a break will aim at the 145.00 level. A break will target the 144.00 level with a breach turning focus to the 143.00 level. On the upside, resistance resides at the 147.00 level where a break if seen will threaten further upside towards the 148.00.…

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Added by fxtech on December 19, 2014 at 2:10pm — No Comments

$CADJPY- turning?

Currently we are at 102.49 . We are looking for wave 3 and a continuation to the S4 support area @ 101.48.  The average daily true range (ATR) for the pair currently is 113 pips.…

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Added by Scott Barkley on December 19, 2014 at 2:05pm — No Comments

USDCHF Elliott Wave Analysis: Uptrend Continuation

USDCHF is already at the highs, now moving up in wave (5) as new count suggests a completed fourth wave at 0.9552. Current upward reaction is very strong so looks like that bullish momentum could lift prices even to 0.9950-1.0000 area in days ahead.

USDCHF 4h Elliott Wave Analysis…

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Added by Gregor Horvat on December 19, 2014 at 8:41am — No Comments

EURUSD Daily Forecast Dec 19 2014

The EURUSD continued its bearish momentum yesterday , topped at the 1.2352 levels and bottomed at the 1.2265 levels . This development leaves the pair targeting the 1.2180 levels , a halt is likely but a cut would open 1.2075 next , further down will pave the way towards the 1.1960/1.1875 levels .

On the upside , resistance comes at the 1.2352 levels , break of the 1.2352 levels on a daily closing basis will turn outlook neutral and bring rebound towards the 1.2515/1.2569 levels…

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Added by Haitham653 on December 19, 2014 at 8:22am — No Comments

Dow Jones, Nasdaq, S&P 500 19 Desember 2014

Dow Jones – Up

Nasdaq – Up…

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Added by Hendro Wafiq on December 19, 2014 at 6:43am — No Comments

Control Your Greed Before It Control You

Greed is that feeling which always push us to risk more from our equity on the hope we double or triple our money in one day or 1 hour, greed is one of the main powerful engines in the market which tempt investors to risk more on the hope to win more & when things go wrong, greed will be the main…

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Added by Tony - FXS Admin on December 19, 2014 at 5:47am — No Comments

WAVETRENDZ ANALYSIS

SELL GBP/JPY AT   186.69   STOP LOSS 187.76   TP  183.54

WAVETRENDZ 

Added by A PRASAD REDDY on December 19, 2014 at 5:35am — No Comments

USDCHF, GBPJPY, Gold 19 Desember 2014

USDCHF – Down

GBPJPY – Down…

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Added by Hendro Wafiq on December 19, 2014 at 1:46am — No Comments

Winning Trade on 18th December

GBP USD 15 Min:

Price rose from open strongly then went long again from a double pull back . The next high just broke the previous bouncing right off the weekly central pivot point (bold blue line). It was a measured…

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Added by Constantine on December 19, 2014 at 1:00am — No Comments

NZDUSD Recovering From The Last Fall With Steady Hours

NZDUSD manage to build strong support at 0.7677 & during the last 30 hours been pushing up reaching till now…

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Added by Tony - FXS Admin on December 19, 2014 at 12:01am — No Comments

EUR/USD Correction over and more dollar strength?

I think that EUR/USD is not going to continue downward much longer.

Dollar strengthened since yesterday and recent move is testing my analysis. This is still viable correction but if the current wave extends further, i will have to review the wave count.

Prices should next rise considerably as the next corrective wave takes this pair at least 1.26…

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Added by VIVAICO on December 18, 2014 at 2:53pm — No Comments

BoursajeeClub Forecast: Oil.

Oil: price of oil is in a strong positive trading & tested the 59.00 area, but note the stability of trading near the descending channel while losing stochastic intention positive gradually, we are encouraged to continue tipping the overall downward trend, which reach the following objectives to 54.50.



we have to Keep in mind that there is a positive probability of continuing upward movement but currently already being formed & completed with the breach of 59.60, as this…

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Added by Pierre Chahine on December 18, 2014 at 12:08pm — No Comments

BoursajeeClub Forecast: Silver.

Silver:  price attempts to breach resistance where the price is influenced positively by stochastic and as long as the price is below 16.55, the bearish trend will remain in control of the intraday range.

SMA 50 supports the proposed decrease, with a reminder that the breakthrough will lead 16.55 Price to visit 17.50 then 18.30 levels initially.

Expected trading range for today is between: support 15.40 and resistance 16.55.

Added by Pierre Chahine on December 18, 2014 at 12:07pm — No Comments

BoursajeeClub Forecast: Gold

Gold:  gold price made attempts to break the level of 1193.40 but back to trading above it, which keeps the trading between the confirmation of the trend that is mentioned support and resistance levels of 1207.90, waiting to break one of them to determine the following objectives..

Stochastic promote positive force mentioned support, while SMA 50 is a negative pressure supports 1207.90 resistance level and keeps the negative pressure in place until now.

In general, positive…

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Added by Pierre Chahine on December 18, 2014 at 12:05pm — No Comments

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