Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



DMT Advertisement Details

NDelic

Member
 View Profile  See their activity

  • Posts

    309

  • Joined

  • Last visited

 Content Type 

Everything posted by NDelic

  1. NDelic
    AUD/USD Elliott Wave We have been bearish AUD/USD pair since last week, from last Friday prices have still been favoring for more downward movements when development of the corrective wave (iv) (coloured red) complete. In the hourly chart you can see that we are tracking strong ascending movements from 0.8842 as the final leading diagonal .c of y wave. We are going to look for break below 0.8820 as initial confirmation that (v) wave is developing and that it will give us a fresh sell signal. In accordance with our wave rules and taking into account that wave 5 should retrace 161.8% of wave 4, we can define the potential targets with measuring wave 4 with take profit at 0.8735 (161.8% of wave 4). Support and Resistance (S3) 0.8765 (S2) 0.8825 (S1) 0.8885 (PP) 0.8945 (R1) 0.9005 (R2) 0.9065 (R3) 0.9125 Trading forecast Proceeding from Elliot Wave rules today, the trend is expected to begin the downwards movements. That is why short position at 0.8820 with stop loss at 0.8900 and take profit at 0.8735 are recommended.
  2. NDelic
    USD/CAD Elliott Wave Last week, the USD/CAD pair has been trading downwards, just like we expected, corrective wave x (colured blue) of the bigger wave (y) (coloured red) has been developing. On the 1H chart above you can see that we have completed FLAT pattern on Tuesday at the 1.0615 level and from there this commodity pair has been trading slightly higher around the 1.0659 level. We are going to look for three more upward movements to complete the final wave y (blue) and that is why we are going to look for buying opportunity against the end of wave x at the 1.0615 level. In accordance with our wave rules and taking into account that wave Y should retrace 123.6% of wave W, we can define the potential targets with measuring wave W with take profit at 1.0762 (100% of wave W). Support and Resistance (S3) 1.0566 (S2) 1.0591 (S1) 1.0606 (PP) 1.0631 (R1) 1.0646 (R2) 1.0671 (R3) 1.0686 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0670 with stop loss at 1.015 and take profit at 1.0762 are recommended.
  3. NDelic
    AUD/USD Elliott Wave At the beginning of this week the AUD/USD pair has been trading sideways, corrective wave (iv) (coloured red) of the bigger wave 1 (coloured green) has been developing. Yesterday's upward movements from 0.8331 towards 0.8957 level may ondocate that the corrective wave (iv) as a flat pattern. In the 1-hour chart we can see that blue c wave is almost over and that is why we are going to look for selling opportunity in the AUD/USD pair while price stays below 0.9000 level. In accordance with our wave rules and taking into account that wave 5 should retrace 161.8% of wave 4, we can define the potential targets with measuring wave 4 with take profit at 0.8735 (161.8% of wave 4). Support and Resistance (S3) 0.8752, (S2) 0.8792, (S1) 0.8848, (PP) 0.8888, (R1) 0.8944, (R2) 0.8984, (R3) 0.9040. Trading forecast Proceeding from the Elliot Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.8920 with stop loss at 0.8900 and take profit at 0.8735 are recommended.
  4. NDelic
    USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading upwards, impulsive wave i (coloured blue) of the bigger wave © (coloured red) has been developing. In the hourly chart above, we can observe that the upward move from 1.0580 (Monday's low) towards 1.0650 was diagonal structure and we can consider this move as the leading diagonal in the wave i (coloured blue). Today this commodity pair is trading lower and when corrective wave ii (coloured blue) ends we are going to see more upward movements in the wave iii (coloured blue). In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1, we can define he potential targets with measuring wave 1 with take profit at 1.0730 (161.8% of wave 1).To protect long positions we can use invalidation level at the 1.0580 level. Support and Resistance (S3) 1.0590 (S2) 1.0603 (S1) 1.0624 (PP) 1.0637 (R1) 1.0658 (R2) 1.0671 (R3) 1.0692 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0600 with stop loss at 1.0580 and take profit at 1.0730 are recommended.
  5. NDelic
    USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading slightly upwards, corrective wave © (coloured red) of the bigger wave (y) (coloured green) has been developing. In the hourly chart above, we can observe that the downward move from 1.0736 towards 1.0580 was corrective and we can consider this move as the end of the wave (. In the © wave that is developing from 1.0580 we do not see enough swings to call the cycle completed and that is why we are going to look for more upward movements in this commodity pair and favor buying against the Monday's low in the next few days. In accordance with our wave rules and taking into account that wave C should retrace 123.6% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0800 (123.6% of wave A). Support and Resistance (S3) 1.0583 (S2) 1.0593 (S1) 1.0613 (PP) 1.0623 (R1) 1.0643 (R2) 1.0653 (R3) 1.0673 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0650 with stop loss at 1.0580 and take profit at 1.0800 are recommended.
  6. NDelic
    USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued trading downwards, so we have adjusted our primary forecast to fit the latest market movements. On the hourly chart above, we can see that the short-term cycle from the 1.0560 level we can see a diagonal pattern and we are labeling the high at 1.0736 as a potential (a) wave (coloured red) of the bigger [y] wave (coloured green) (The sentence is hard to understand). The pullback from 1.0736 should be over soon and while the price stays above the 1.0560 level (short-term invalidation), we can look for five more upward movements in the final red © wave. In accordance with our wave rules and taking into account that wave C should retrace 100-123.6% of wave A, we can define the potential targets measuring wave A with take profit at 1.0758-1.0800 (100-123.6% of wave A). RSI should stay below the highs when the pair reaches the 1.0800 level and from there swing traders can look for selling setups. Support and Resistance (S3) 1.0505, (S2) 1.0505, (S1) 1.0576, (PP) 1.0614, (R1) 1.0647, (R2) 1.0685, (R3) 1.0718. Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0630 with stop loss at 1.0560 and take profit at 1.0800 are recommended.
  7. NDelic
    USD/CAD Elliott Wave Last week, the USD/CAD pair has been trading upwards, impulsive wave (5) (coloured black) of the bigger wave © (coloured blue) was developing. During the Friday's Asian and European sessions, we could observe strong ascending movements from 1.0660 towards 1.0736 and we can consider them as the end of the b wave (coloured black) of the bigger FLAT ii wave (coloured blue). Therefore, during the New York session this commodity currency did not manage to hold around the highs and the price retraced all the way back to 1.0628 level. Today the USD/CAD pair is trading slightly lower and we are expecting to see more upward movements, while the price stays above 1.0560 level. In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1 we can define the potential targets with measuring wave 1 with take profit at 1.0895 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 1.0560 level as stop loss. Support and Resistance (S3) 1.0488 (S2) 1.0557 (S1) 1.0597 (PP) 1.0666 (R1) 1.0706 (R2) 1.0775 (R3) 1.0815 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movements. That is why long positions at 1.0670 with stop loss at 1.0560 and take profit at 1.0895 are recommended.
  8. NDelic
    AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, that is why we slightly changed wave structure inside the iv wave (coloured blue) of the bigger wave (v) (coloured red). During the Wednesday's Asian and European sessions, we could observe descending movements from 0.8927 towards 0.8866 level. Therefore, during the New York session this major pair has continued trading in a bearish mood and price has reached a new low at 0.8819 level. We can consider this move as he end of the wave .iii (coloured black) of the bigger wave v (coloured blue). At the moment the AUD/USD pair is trading around 0.8840 level and we are expecting to see one more push lower before wave 1 don't end the bigger cycle. In accordance with our wave rules and taking into account that wave 2 should retrace 50% of wave 1 we can define the potential targets with measuring wave 1 with take profit at 0.9285 (50% of wave 1). To reduce the risk, we can use invalidation point at 0.8800 level as stop loss. Support and Resistance (S3) 0.8792 (S2) 0.8837 (S1) 0.8868 (PP) 0.8913 (R1) 0.8944 (R2) 0.8989 (R3) 0.9020 Trading forecast Proceeding from Elliot Wave rules today, the trend is expected to begin the upwards movements. That is why long positions at 0.8950 with stop loss at 0.8800 and take profit at 0.9285 are recommended.
  9. NDelic
    USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading sideways, corrective wave .b (coloured black) of the bigger wave y (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe descending movements from 1.0592 towards 1.0570 level. Therefore, during the New York session this commodity currency did not manage to hold this levels and the price retraced back to 1.0594 level. At the moment, the USD/CAD pair is trading around 1.0571 and we are expecting to see one more push lower before the price turns higher again in the (5) wave.In accordance with our wave rules and taking into account that wave B should retrace 61.8% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0631 (61.8% of wave 1). To reduce the risk, we can use invalidation point at 1.0570 level as stop loss. Support and Resistance (S3) 1.0557 (S2) 1.0564 (S1) 1.0579 (PP) 1.0586 (R1) 1.0601 (R2) 1.0608 (R3) 1.0623 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movements. That is why long positions at 1.0590 with stop loss at 1.0570 and take profit at 1.0631 are recommended.
  10. NDelic
    USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading downwards, corrective wave c (coloured red) of the bigger wave (X) (coloured blue) has been developing. Yesterday, during the Asian and European session we could observe descending movement from 1.0615 towards 1.0583. Therefore, during the New York session this commodity pair did not manage to hold this levels and the price retraced back to 1.0619. At the moment the USD/CAD pair has been trading around 1.05800 and we should see more downwards movements for the next couple of months. In accordance with our wave rules and taking into account that wave C should retrace 161.8% of wave A we can define the potential targets with measuring wave A with take profit at 1.0104 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 1.0708 level as stop loss. Support and Resistance (S3) 1.0540 (S2) 1.0562 (S1) 1.0575 (PP) 1.0597 (R1) 1.0610 (R2) 1.0632 (R3) 1.0645 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movements. That is why short positions at 1.0500 with stop loss at 1.0708 and take profit at 1.0104 are recommended.
  11. NDelic
    USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has continued trading lower, impulsive wave .iii (coloured black) of the bigger wave i (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe an ascending movement from 1.0637 towards the 1.0668 level, and we can call this move as the end of the second swing inside the .iii wave. Therefore, during the early New York session, this commodity pair did not manage to hold this levels and the price retraced back to the 1.0623 level. At the moment, the USD/CAD pair is trading around 1.06237, and we are expecting to see more bearish movements in the next few days. In accordance with our wave rules and taking into account that wave 3 should retrace 161.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0537 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 1.0699 as stop loss. Support and Resistance (S3) 1.0569 (S2) 1.0597 (S1) 1.0612 (PP) 1.0640 (R1) 1.0655 (R2) 1.0683 (R3) 1.0698 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin downward movements. That is why short positions at the level of 1.0650 with stop loss at 1.0699 and take profit at 1.0537 are recommended.
  12. NDelic
    AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading sideways, corrective wave b (coloured blue) of the bigger wave b (coloured red) has been developing. Yesterday, during the Asian session we could observe descending movement from 0.9128 towards the 0.9055 level. Therefore, during the European and New York session this major pair did not manage to hold around the lows and the price retraced back to 0.9144 level (end of the b wave on the chart). At the moment, the AUD/USD pair is trading around 0.9036 level and we expect to see few more sessions of bearish movements before price turn higher in the c wave.In accordance with our wave rules and taking into account that wave B should retrace 90% of wave A, we can define the potential targets with measuring wave A with take profit at 0.8940 (90% of wave A). To reduce the risk, we can use invalidation point at 0.9150 level as stop loss. Support and resistance (S3) 0.8989 (S2) 0.9023 (S1) 0.9078 (PP) 0.9112 (R1) 0.9167 (R2) 0.9201 (R3) 0.9256 Trading forecast Proceeding from Elliot Wave rules today, the trend is expected to begin the downwards movements. That is why short position at level 0.9000 with stop loss at 0.9100 and take profit at 0.8940 are recommended.
  13. NDelic
    USD/CAD Elliott Wave For more than a month the USD/CAD pair has been trading upwards, corrective wave © (coloured black) of the bigger FLAT b wave (coloured red) has been developing. During the Friday's Asian and European session we could observe descending movement from 1.0599 towards the 1.0558 level. Therefore, during the New York session this commodity pair did not manage to hold around the lows and price has retraced back to 1.0627 level. At the moment the USD/CAD pair is trading around the Friday's high and we expect the end of the Ending Diagonal structure inside the © of b wave in the next few days and from there we should look for selling opportunity inside the c of (X) wave. In accordance with our wave rules and taking into account that wave X should retrace 50% of wave W, we can define the potential targets with measuring wave W with take profit at 1.0123 (50% of wave W). To reduce the risk, we can use invalidation point at 1.0700 level as stop loss. Support and Resistance (S3) 1.0234 (S2) 1.0316 (S1) 1.0464 (PP) 1.0546 (R1) 1.0694 (R2) 1.0776 (R3) 1.0924 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movement. That is why short position at level 1.0550 with stop loss at 1.0700 and take profit at 1.0123 are recommended.
  14. NDelic
    AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading downwards, ending diagonal inside the last .v wave (coloured black) of the bigger c wave (coloured blue) has been developing. Yesterday, during the Asian session we could observe ascending movement from 0.9112 towards the 0.9148 level and we can consider this move as the end of the ii wave (coloured purple). Therefore, during the European and New York session this major currency did not manage to hold around the highs and price has retraced back to 0.9067 level. At the moment the AUDUSD pair is trading around 0.9067 and we are expecting to see more bearish movements before price turns higher in the c wave (coloured red). In accordance with our wave rules and taking into account that wave 5 should retrace 61.8% of wave 3, we can define the potential targets with measuring wave 3 with take profit at 0.8995 (61.8% of wave 3). To reduce the risk, we can use invalidation point at 0.9150 level as stop loss. Support and Resistance (S3) 0.8993 (S2) 0.9033 (S1) 0.9068 (PP) 0.9108 (R1) 0.9143 (R2) 0.9183 (R3) 0.9218 Trading forecast Proceeding from Elliot Wave rules today, the trend is expected to begin the downwards movements. That is why short position at level 0.9100 with stop loss at 0.9150 and take profit at 0.8995 are recommended.
  15. NDelic
    USD/CAD Elliott Wave Last week, the USD/CAD pair was trading upwards, impulsive wave .v (coloured black) of the bigger wave c (coloured blue) was developing. During Friday's Asian and European sessions, we could observe ascending movements from 1.0514 towards the 1.0567 level. Therefore, during the New York session, this commodity pair did not manage to hold this resistance level and the price dropped to the 1.0508 level. At the moment, the USD/CAD pair is trading around 1.0580 and we are expecting to see the price lower any time soon. In accordance with our wave rules and taking into account that wave C should retrace 100% of wave A, we can define potential targets with measuring wave A with take profit at 1.0152 (100% of wave A). To reduce the risk, we can use invalidation point at the 1.0600 level as stop loss. Support and Resistance (S3) 1.0446, (S2) 1.0480, (S1) 1.0499, (PP) 1.0533, (R1) 1.0552, (R2) 1.0586, (R3) 1.0605. Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin downward movements. That is why short positions at the level of 1.0500 with stop loss at 1.0600 and take profit at 1.0152 are recommended.
  16. NDelic
    USD/CAD Elliott Wave Since our last analyses, the USDCAD pair has been trading upwards, just like we expected, corrective wave (.c) (coloured black) of the bigger wave .v (coloured black) has been developing. Yesterday, during the Asian session, we could observe ascending movements from 1.0451 towards the 1.0473 level. Therefore, during the European and New York sessions this commodity currency did not manage to hold this level and the price retraced back to the 1.0434 level. We can consider this move as the end of the (. wave (coloured black) of the bigger .v wave (coloured black). At the moment, the USD/CAD pair is trading around the 1.0473 level, and we should see more upward movements in the next couple of sessions. In accordance with our wave rules and taking into account that wave 5 should retrace 123.6% of wave 4, we can define the potential targets with measuring wave 4 with take profit at 1.0550 (123.6% of wave 4). To reduce the risk, we can use invalidation point at the 1.0435 level as stop loss. Support and Resistance (S3) 1.0392 (S2) 1.0413 (S1) 1.0430 (PP) 1.0451 (R1) 1.0468 (R2) 1.0489 (R3) 1.0506 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0480 with stop loss at 1.0435 and take profit at 1.0550 are recommended.
  17. NDelic
    USD/CAD Elliott Wave Since our last analyses the USDCAD pair has continued trading downwards, corrective wave .iv (coloured black) of the bigger wave c (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe descending movements from 1.0440 towards the 1.0414 level. Therefore, during the early New York session, this commodity pair did not manage to hold this levels and the price retraced back to the 1.0437 level. At the moment, the USDCAD pair is trading around 1.0423, and we are still looking for one more push higher before the price turn lower. In accordance with our wave rules and taking into account that wave C should retrace 100% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0546 (100% of wave A). To reduce the risk, we can use invalidation point at the 1.0404 level as stop loss. Alternate view: wave (y) is already over at 1.0525, and we see A-B-C pullback now, if this is a case, we should see bigger correction from the current levels towards the 1.0100 level, but this count will take a place only if the price manages to break below the 1.0404 level. Support and Resistance (S3) 1.0386, (S2) 1.0400, (S1) 1.0414, (PP) 1.0428, (R1) 1.0442, (R2) 1.0456, (R3) 1.0470. Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 1.0450 with stop loss at 1.0404 and take profit at 1.0546 are recommended.
  18. NDelic
    USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading upwards, just like we expected, but we have slightly changed our primary view and we are looking in the move from 1.0396 as DIAGONAL in the (y) wave (coloured green). Yesterday, during the Asian and European sessions we could observe strong ascending movement from 1.0463 towards the 1.0507 level and we can consider this move as the end of the (y) wave. Therefore, during the early New York session this commodity pair did not manage to hold around the highs and price has dropped to 1.0475 level. At the moment the USDCAD pair is trading around 1.0481 and if we see price below 1.0463 level again we are going to have confirmation that wave (y) is over. In accordance with our wave rules and taking into account that wave C should retrace 100% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0079 (100% of wave A). To reduce the risk, we can use invalidation point at 1.0600 level as stop loss. Support and Resistance (S3) 1.0423 (S2) 1.0443 (S1) 1.0468 (PP) 1.0488 (R1) 1.0513 (R2) 1.0533 (R3) 1.0558 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movements. That is why short position at level 1.0450 with stop loss at 1.0600 and take profit at 1.0079 are recommended.
  19. NDelic
    USD/CAD Elliott Wave Since our last analysis the USDCAD pair has been trading downwards, just like we expected, corrective wave .y (coloured black) of the bigger wave b (coloured blue) has been developing. During the Wednesday’s Asian and European sessions we could observe descending movement from 1.0457 towards the 1.0434 level. Therefore, during the New York session this commodity pair has continued trading in a bearish mood and price has dropped to the new low at 1.0410 level. At the moment the USDCAD pair is trading around 1.0413 level and we are expecting to see one more push lower before price turn higher in the c wave (coloured blue). At the moment we see the USDCAD pair at 1.0445 level and we should see more bearish movements in the next few sessions. In accordance with our wave rules and taking into account that wave B should retrace 50% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0382 (50% of wave A). To reduce the risk, we can use invalidation point at 1.0435 level as stop loss. Support and Resistance (S3) 1.0353 (S2) 1.0382 (S1) 1.0400 (PP) 1.0429 (R1) 1.0447 (R2) 1.0476 (R3) 1.0494 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downwards movements. That is why short position at level 1.0420 with stop loss at 1.0435 and take profit at 1.0382 are recommended.
  20. NDelic
    AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has been trading upwards, just like we expected, corrective wave a (coloured blue) of the bigger wave (coloured black) has been developing. Yesterday, during the Asian and European sessions, we could observe ascending movements from 0.9441 towards the 0.9501 level. Therefore, during the New York session this major pair continued trading upwards, and we could see the price at the next highs around the 0.9520 level. We can consider this move as the end of the wave a (coloured blue). At the moment, the AUDUSD pair is trading around the 0.9480 level, and we are expecting to see more upward movements today. In accordance with our wave rules and taking into account that wave B should retrace 50% of wave A, we can define the potential targets with measuring wave A with take profit at 0.9588 (50% of wave A). To reduce the risk, we can use the support point at the 0.9420 level as stop loss. Support and Resistance (S3) 0.9382 (S2) 0.9410 (S1) 0.9459 (PP) 0.9487 (R1) 0.9536 (R2) 0.9564 (R3) 0.9613 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movements. That is why long positions at the level of 0.9500 with stop loss at 0.9420 and take profit at 0.9588 are recommended.
  21. NDelic
    USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading downwards, just like we expected, corrective wave .a (coloured black) of the bigger wave b (coloured blue) has been developing. Yesterday, during the Asian and European session we could observe descending movement from 1.0488 towards the 1.0448 level. Therefore, during the New York session this commodity pair just continued trading in a bearish mood and price has reached a new lows at the 1.0411 level. We can consider this move as the end of the first leg .a of the b wave. At the moment, the USDCAD pair is trading around 1.0430, and we are expecting to see one more drop lower in the next few sessions. In accordance with our wave rules and taking into account that wave B should retrace 50% of wave A, we can define potential targets with measuring wave A with take profit at 1.0382 (50% of wave A). To reduce the risk, we can use invalidation point at the 1.0490 level as stop loss. Support and Resistance (S3) 1.0320, (S2) 1.0366, (S1) 1.0398, (PP) 1.0444, (R1) 1.0476, (R2) 1.0522, (R3) 1.0554. Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin downward movements. That is why short positions at the level of 1.0448 with stop loss at 1.0490 and take profit at 1.0382 are recommended.
  22. NDelic
    AUD/USD Elliott Wave For the last few days the AUDUSD pair has been trading downwards, corrective wave c (coloured blue) of the bigger wave (x) (coloured green) has been developing. Yesterday, during the Asian and European sessions, we could observe a descending movement from 0.9544 towards the 0.9487 level. Therefore, during the New York session this major pair continued trading in the bearish mood and the price reached a new sessions low at the 0.9471 level. At the moment, the AUDUSD pair is trading around the 0.9500 level, and we should see the price moving higher for the next few sessions. In accordance with our wave rules and taking into account that wave y should retrace 100% of wave y, we can define the potential targets with measuring wave w with take profit at 0.9936 (100% of wave w). To reduce the risk, we can use support point at the 0.9430 level as stop loss. Support and Resistance (S3) 0.9340 (S2) 0.9405 (S1) 0.9443 (PP) 0.9508 (R1) 0.9546 (R2) 0.9611 (R3) 0.9649 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin upward movements. That is why long positions at the level of 0.9520 with stop loss at 0.9430 and take profit at 0.9936 are recommended.
  23. NDelic
    USD/CAD Elliott Wave Last week, the USDCAD pair was trading upwards, five waves within corrective wave A (coloured blue) of the bigger wave (coloured black) hwas developing. During Friday's Asian and European sessions, we could observe an ascending movement from 1.0408 towards the 1.0456 level. Therefore, during the New York session this commodity pair continued trading in a bullish mood and the price reached a new high at 1.0495. We can consider this move as the end of the .5 wave (coloured black) of the a cycle (coloured blue). At the moment, the USDCAD pair is trading around the 1.0440 level, and we are expecting to see continuation of the bearish mood for the next couple of sessions. In accordance with our wave rules and taking into account that wave B should retrace 50% of wave A, we can define the potential targets with measuring wave A with take profit at 1.0365 (50% of wave A). To reduce the risk, we can use resistance point at the 1.0459 level as stop loss. Support and Resistance (S3) 1.0368, (S2) 1.0388, (S1) 1.0419, (PP) 1.0439, (R1) 1.0470, (R2) 1.0490, (R3) 1.0521. Trading forecast Proceeding from Elliott wave rules today, the trend is expected to begin the downward movements. That is why short positions at the level of 1.0420 with stop loss at 1.0459 and take profit at 1.0365 are recommended.
  24. NDelic
    Trying demo account is good thing, first of all you will get felling how market work, you can test different strategies and all functions of the platform, but i don't think you should spend so much time on demo, maybe 1 month and after that start reading about forex market,see what strategy will suit your needs and time and when you think you are ready open small account like 100usd (or less) to see how will you react, remember your fear is your worst enemy in trading... trading demo and trading live is two completely different things....
  25. NDelic
    AUD/USD Elliott Wave Since our last analyses, the AUDUSD pair has been trading downwards just like we expected, corrective wave A (coloured blue) of the bigger wave (x) (coloured green) has been developing. Yesterday, during the Asian and European sessions we could observe strong descending movement from 0.9755 towards the 0.9630 level. Therefore, during the early New York session this major pair continued pushing lower and the price reached a new daily low at the 0.9605 level. We can consider this move as the end of the first leg of the (x) wave (coloured green). At the moment, the AUDUSD pair is trading around 0.9659 and we are expecting to see one more push lower to complete the c of (x) wave. In accordance with our wave rules and taking into account that wave x should retrace 50% of wave w, we can define the potential targets with measuring wave w with take profit at 0.9512 (50% of wave w). To reduce the risk, we can use resistance point at 0.9775 level as stop loss. Support and Resistance (S3) 0.9416 (S2) 0.9511 (S1) 0.9566 (PP) 0.9661 (R1) 0.9716 (R2) 0.9811 (R3) 0.9866 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movements. That is why short position at the level of 0.9650 with stop loss at 0.9755 and take profit at 0.9515 are recommended.
×
×
  • Create New...