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AUDUSD Towards More Downside: Elliott Wave Forecast

AUDUSD is back at the lows after recently completed sharp corrective wave (ii) at 0.9111 figure that now represents a new short-term critical level. We expect more downside, possibly within a wave (iii) that can fall to 0.8800 in sessions ahead.

This move was already anticipated on our past udpate



AUDUSD 4h Elliott Wave…

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Added by Gregor Horvat on September 22, 2014 at 9:05am — No Comments

FX Light - They say Forex Is Risky But What About Tesco This Morning?

September 22nd 2014. They say that trading Forex is risky and of course it is. However the implication is often that trading equities is not risky. For those people I have one word this morning, Tesco! TSCO and all equities gap at least five times a week and while forex can gap too, it’s not anywhere as much as that. End of…

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Added by Gary on September 22, 2014 at 8:30am — No Comments

Day Trading Recommendation as on 22-09-2014

Dollar Index:

After making an hanging man in 4 hourly graph dollar index is coming down slowly, it is just correction not the trend. dollar index is traded above the high of several months. strong bullish sentiments are founded above the price level 84.10.

Gold:

The yellow metal was under a great selling pressure since and continuation is also expected. it seems that the yellow metal will test 1182 and try to fill the gap, which was shown on the 2nd…

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Added by Usman Ali on September 22, 2014 at 8:40am — No Comments

GBPUSD Weekly Forecast Sept 22 2014

Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6524 levels , a failure to hold above the 1.6524  levels on a weekly closing basis could mean a return to the 1.6051 levels , a cut will resume the whole fall towards the 1.5853 levels , a halt is likely , but losing the 1.5853 levels will continue losses towards the 1.5500 levels.

On the upside , resistance comes at the 1.6259 levels ahead of the 1.6524 levels (main) , sustained trading…

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Added by Haitham653 on September 22, 2014 at 8:23am — No Comments

EURUSD Weekly Forecast Sept 22 2014

Outlook in EURUSD remains on the downside as long as resistance 1.2920/1.2994 holds on a weekly closing basis ,  support comes at the 1.2825 levels , losing this level will accelerate the bearish move towards the 1.2735/1.2660 levels . A halt is likely , but further losses will pave the way towards the 1.2500 levels . At this point I’d expect strong support above the 1.2500 levels to contain fall from the 1.3993 levels and bring rebound. If 1.2500 fails , expect to see a free fall towards…

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Added by Haitham653 on September 22, 2014 at 8:20am — No Comments

Forex forecast 22.09-26.09.2014

EUR continues free fall and indicators on H4, Daily and Weekly are extremely bearish. Seems that still noone is going to take profit from Short, and this tells me that more slide is to come. Today mr.Draghi will speak, but tomorrow will be the PMI data release and if it is weak again EUR will possibly drop below 1.2805 support. On Wednesday we shall have the Germany's IFO which is expected to be worse than previous too. On Thursday the most important news will be the US jobless claims report…

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Added by Vladimir Mihaylov on September 22, 2014 at 4:58am — 1 Comment

Target Trading in the Forex upcoming week of Sept 21st, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2837.  We are looking for a fast correction the finish the 4th wave and then a move down to day support @ 1.2624   The average daily true range (ATR) for the pair currently is 65 pips.

 …

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Added by Scott Barkley on September 20, 2014 at 8:59pm — No Comments

GBPUSD Daily Forecast Sept 19 2014

The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6245 levels and topped at the 1.6408 levels , this development leaves the pair targeting the 1.6500 levels, a halt is likely  , but further upside will aim the 1.6630 levels ahead of the 1.6740 levels..

On the downside , support comes at the 1.6245 levels , sustained trading – daily closing – below this level will terminate he current bullish run and turn outlook towards the 1.6051 levels…

In all ,…

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Added by Haitham653 on September 19, 2014 at 9:03am — No Comments

EURUSD Daily Forecast Sept 19 2014

Outlook in EURUSD  has turned neutral with risk to the downside , resistance comes at the 1.2930 levels , a failure to hold above the 1.2930  levels on a daily closing basis could mean a return to the 1.2833 levels , a cut will resume the whole fall towards the 1.2730 levels , a halt is likely , but losing the 1.2730  levels will continue losses towards the 1.2600 levels ahead of the 1.2450  levels..

On the upside , resistance comes at the 1.2930  levels , sustained trading – daily…

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Added by Haitham653 on September 19, 2014 at 9:01am — No Comments

USDJPY Creating New Highs

USDJPY broke to a new high as expected which is now wave v that moved well above 108.00 our projected target. However, we see some Fibonacci resistance levels coming in around current 109 figure so turning point can follow in the near future down into a red wave iv).

USDJPY 4h Elliott Wave Analysis…

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Added by Gregor Horvat on September 19, 2014 at 8:21am — No Comments

EUR/USD Daily Key Levels

Hi Friends,

This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also. These levels therefore give you a high probability case for price to bounce/pull back (by 5-20 pips) when it reaches these levels for the first time in the day. So follow these levels and make better trade set ups!

Thursday's high 2929, low…

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Added by Nili on September 19, 2014 at 7:34am — No Comments

GBPUSD Daily Forecast Sept 18 2014

Outlook in GBPUSD remains neutral at the moment , recovery mode above the 1.6230 levels is expected to be limited by the 1.6360/1.6467 levels , however ; sustained trading – daily closing – above the 1.6467 levels will turn outlook bullish towards the 1.6615/1.6738 levels before the next move…

On the downside , minor support comes at the 1.6230 levels , a clear break – daily closing- below this level should weaken the current bullish correction , If seen , focus will be on main…

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Added by Haitham653 on September 18, 2014 at 10:06am — No Comments

EURUSD Daily Forecast Sept 18 2014

Finally , after consolidating below the 1.2962 levels for a couple of days , the EURUSD has declined towards the 1.2850 levels . Outlook remains on the downside , resistance comes at the 1.2920 levels ahead of the 1.2994 levels (main) , sustained trading – daily closing above the 1.2994 levels will put the pair in recovery mode , but upside gains above the 1.2994 levels  should be limited strongly by the 1.3080/1.3159 levels ..

On the downside , support comes at the 1.2850 levels ,…

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Added by Haitham653 on September 18, 2014 at 10:02am — 1 Comment

USDCHF Broke To A New High

USDCHF broke to a new high, after recent consolidation in fourth wave, so current leg up is wave five, final within larger extended wave 3) that already reached some Fibonacci projected levels around 0.9430. However, there is room for 0.9470 but we need to be aware of fifth wave here and that sooner or later new corrective wave four will occur.…

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Added by Gregor Horvat on September 18, 2014 at 9:15am — No Comments

EUR/USD DAILY as of Thursday, 18 September, 2014

VIT Daily Analysis

 

Review of Euro Dollar / US Dollar (EURUSD)

as of 17/09/14

 

Volatility Analysis

On 17/09/14, Euro Dollar / US Dollar closed down -0.0107 at 1.2847

 

Period              Statistical                     Change

10-period   11.1151            …

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Added by Martin Kay on September 18, 2014 at 4:57am — No Comments

GBPAUD Trade Idea

Added by Sheeda Pastaol on September 18, 2014 at 6:37am — No Comments

AUDUSD Daily Forecast Sept 17 2014

Outlook in AUDUSD has turned neutral with risk to the downside , resistance comes at the 0.9111 levels , a failure to hold above the 0.9111 levels on a daily closing basis could mean a return to the 0.8983 levels , a cut will resume the whole fall towards the 0.8870 levels , a halt is likely , but losing the 0.8870 levels will continue losses towards the 0.8762 levels ahead of the 0.8565 levels..

On the upside , resistance comes at the 0.9111 levels , sustained trading – daily closing…

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Added by Haitham653 on September 17, 2014 at 9:17am — No Comments

USD Index: Correction Within Downtrend

USD Index did not move much for the last two weeks, as price action slowed down after recent strong rally from 81.40 since mid-August. We see current price as just another pause within ongoing trend. We believe it's fourth wave that is pointing up into wave (v) towards 85.00 area.

USD Index 4h Elliott Wave Analysis…

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Added by Gregor Horvat on September 17, 2014 at 9:14am — 1 Comment

GBPUSD Daily Forecast Sept 17 2014

No change , outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6360/1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support…

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Added by Haitham653 on September 17, 2014 at 9:15am — No Comments

EURUSD Daily Forecast Sept 17 2014

No change , outlook in EURUSD remains neutral  with risk to the downside at the moment  , resistance comes at the 1.2962 levels , sustained trading – daily closing – above the 1.2962 levels will bring recovery towards the 1.3000 levels where a breach will turn focus on the 1.3080 levels ,a halt is likely but further upside will aim the 1.3159 levels..

On the downside , a failure to hold above the 1.2962 levels on a daily closing basis could mean a return to the key support 1.2859…

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Added by Haitham653 on September 17, 2014 at 9:13am — No Comments

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