Published on Dec 30, 2014 Recorded Live: http://tradersway.com/?ib=1049995 Today we give a detailed look at the USD/JPY and discuss seasonality vs profit taking. We then discuss a daily gold scalping strategy. We wrap up with GBP vis USD and JPY.
How soon would you want to know if your investment advisor wasn't
telling you about the three major investment types? If you've only heard
of two - Variable and Fixed, then you may have a problem.
Unfortunately, many investment advisors routinely fail to present all
three types: Variable, Fixed, and Indexed as valid investment choices to
their clients. This is normally because they are unable to offer…
Added by Forex Maxims on December 23, 2014 at 7:31pm — No Comments
GOLD stayed above 1131 invalidation level yesterday when it fell to 1142, where metal found some powerful buyers. Current bullish leg already exceeded highs from mid-November, which means that we can expect more upside now, especially if we consider that prices closed at the highs yesterday so bullish momentum is in play. Therefore, be aware of more gains but after a three wave set-back. Ideally we will see some retracement to 1180 area before next leg up begins, maybe even wave…Continue
Added by Gregor Horvat on December 2, 2014 at 9:03am — No Comments
Added by FuturesMO on November 30, 2014 at 3:46pm — No Comments
Unexpected monetary expansion from Bank of Japan sent global stocks higher. Treasuries are trading down, metals are following, while USD is looking strong especially against JPY.
USDJPY move to a new high of the year, now moving within wave (iii) that can reach levels around 112 where we see 261.8% Fibonacci extension target. Any downward pullbacks in the middle of this bullish trend will be just temporary corrections with limited downside.
USDJPY 1h Elliott Wave…
Added by Gregor Horvat on October 31, 2014 at 9:32am — No Comments
Commodity currencies are weak, with AUDUSD falling towards 0.8800 where wave (v) could look for some support. Trader need to be aware of an upward correction in days ahead, especially once 0.8895 swing is broken.
AUDUSD 1h Elliott Wave Analysis
Gold is trading in line with Aussie. On metal we…
Added by Gregor Horvat on September 25, 2014 at 9:38am — No Comments