GOLD moved lower as expected, but because of a very sharp and aggressive sell-off we reworked the wave count. We are now tracking a three wave A)-B)-C) Elliott wave pattern from 1795 swing with wave C) underway, which appears incomplete as we need five waves down from 1696. As such, Elliott traders must be aware of more weakness in this week as current recovery could be a black wave 4 that will look for a tip around 1595-1605. Market remains in bearish mode as long as 1651 resistance is not…Continue
Added by Gregor Horvat on February 25, 2013 at 9:09am — No Comments
Gold and silver continued to trade down during last week. The speculations around the future moves of the FOMC regarding its monetary policy including the QE3 program time-frame may have contributed to the rise in the bearish market sentiment towards precious metals. Several U.S reports came out last week: the…Continue
Added by Lior Cohen on February 25, 2013 at 8:17am — No Comments
The Asian markets opened with Gaps in USD pairs, retesting strong supports. Overall outlook for Today seems to be sideways with bias towards Weakening Dollar.
Outlook – Sideways to Mixed Sentiments
Here is the analysis for one of our USD pairs, the USD/CHF
Happy Trading :)
I have explained during my webinar the expected market moves for this week -25th Feb -01st march.besides it is last week of the month.Then market is expected to make very volatile moves .I have explained how trades can be done during this week during the webinar.The recording of the webinar is available in the given below link for those who could not attend live.
Link to webinar video link:…Continue
Added by Dr. Sivaraman on February 25, 2013 at 8:11am — No Comments
Overnight $-Yen gapped higher by almost a big figure. This has been a recurring theme in the past few months.
The other interesting feature of this type of trading is that the market has failed to push on from the opening strength and has traded sideways.
In the past,…Continue
Added by Brian Kiely on February 25, 2013 at 7:37am — No Comments
Good day all trader, today monday every is set to go with good profit. as we can see EURUSD have trade side way between 1.3182 to 1.3192 and have break up side now we looking to sell @ 1.3220/27 target 1.3160/30 stop 35 pip good lock.
Added by peter tec on February 25, 2013 at 6:25am — No Comments
Asian market open with Gaps in USD pairs, retesting strong supports. Overall outlook for Today seems to be sideways with biased towards Weakening Dollar
Outlook - Sideways - Mix Sentiments
Added by Sardar Uddin on February 25, 2013 at 6:12am — No Comments
Seems that EUR has found a temporary support around 1.3150, which is a little bit lower than 1.3170 which is the real support. If the price breaks 1.3220 resistance i expect the recovery to extend to 1.3290
Breaking below 1.3150 will lead to 1.3100 or 1.3060. I think it is too early to test 1.3000 anf if we somehow reach 1.3060, the price will bounce up to 1.3260 before next wave down. Long legged doji from Friday suggests that it is possible EUR to enter in recovery mode to…Continue
Crude was not able to surpass $98.30.
Almost 2 weeks ago, (Feb. 13th update) I´ve apporached crude with an important upward bias.
Although somewhat overextended (again, algos have provided sell signals in shorter term intervals) and working with the idea of crude establishing new highs. First target is $98.30 (early Feb. highs), fowllowed by a much broader a complex…
Added by Demian Pack on February 25, 2013 at 4:49am — No Comments
One of the scneario´s laid out back on Friday did actually play out.
I am not having a clear picture here.
On one side, I am working with the hypothesis of more consolidation in the area contained between this week lows ($1554), and Yesterday´s quick rejection of $1585´s by sellers is a hint here. I am leaning into the possibility of tagging $1594-$1592, followed by $1600, if buyers regain…
Added by Demian Pack on February 25, 2013 at 4:11am — No Comments
"Anyone looking to sell a major currency against the Japanese yen must at least consider the British pound." For weeks, I've been delivering variations of that message to FX Bootcamp members attending my coaching sessions in our New York Training Room. During the 18-22 February trading week, a short position taken on the GBP/JPY currency pair paid handsomely.
Two sources of prospective resistance -- a downtrend resistance line based on a series of lower highs established over the…Continue
Added by Curt Wehrley on February 25, 2013 at 4:11am — No Comments
Added by Muthusamy on February 25, 2013 at 3:12am — No Comments
I would like of buy aud/usd at 1,0266 with target of 1,03149 and SL:1,0250.
And stochs(8,3,3) sounds oversold it...
Lets see if Australia economy give us an expected boost.…Continue
Added by Igor Titara on February 25, 2013 at 2:19am — No Comments
Added by Forex Maxims on February 24, 2013 at 9:34pm — No Comments