NDelic Posted December 28, 2012 Author Share Posted December 28, 2012 USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading upwards as we expected, impulsive wave 3 (coloured pink) of the bigger wave 5 (coloured blue) was developing. Yesterday during the early Asian session we could observe descending movement towards the 0.9907 level, and we can consider this move as the end of the corrective wave 2 (coloured pink). Therefore, during the European and New York session when developing of the wave 3 start this commodity pair started pushing higher reaching a new high at 0.9958 level. At the moment the USD/CAD pair is trading around 0.9945 level, and we expect price to be around 1.0000 level today. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9988 (161.8% of wave 1). To reduce the risk, we can use support at 0.9932 level as stop loss. Support and Resistance (S3) 0.9889 (S2) 0.9908 (S1) 0.9920 (PP) 0.9939 (R1) 0.9958 (R2) 0.9970 (R3) 0.9989 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9950 with stop loss 0.9932 and take profit at 0.9988 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted December 31, 2012 Author Share Posted December 31, 2012 USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading in an upward move like we expected, impulsive 5 wave (coloured blue) of the bigger wave (1) (coloured green) was developing. During the Friday's Asian and European sessions we could observe ascending movement toward the 0.9967 level. Therefore, during the New York session this commodity pair continued trading in a bullish mood and the price reached a new high at 0.9970 level. We can consider this move as the end of the ending diagonal of the 5 impulsive wave (coloured blue) and we are expecting to see the price lower today. In accordance with our wave rules and taking into account that the wave 2 should retrace 61.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9879 (61.8% of wave 1). To reduce the risk, we can use invalidation at 0.9969 level as stop loss. Support and Resistance (S3) 0.9928 (S2) 0.9940 (S1) 0.9947 (PP) 0.9960 (R1) 0.9972 (R2) 0.9979 (R3) 0.9992 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9940 with stop loss 0.9969 and take profit at 0.9879 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 3, 2013 Author Share Posted January 3, 2013 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in a downward movement, corrective C wave (coloured blue) of the bigger (2) wave (coloured green) was developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9975 toward the 0.9863 level and we can consider this move as the end of the (2) wave (coloured green). Therefore, during the New York session when development of the (3) wave began the USD/CAD pair started pushing higher reaching a 0.9871 level and we can consider this move as the end of the (1) wave (coloured pink). At the moment this commodity pair is trading around 0.9850 and we are expecting to see the price above 0.9900 level today. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.9899 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9836 level as stop loss. Support and Resistance (S3) 0.9769 (S2) 0.9810 (S1) 0.9835 (PP) 0.9876 (R1) 0.9917 (R2) 0.9942 (R3) 0.9983 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9855 with stop loss 0.9836 take profit at 0.9899 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 4, 2013 Author Share Posted January 4, 2013 NZD/USD Elliott Wave This week the NZD/USD pair was trading in an upward movement, corrective ( wave (coloured red) of the bigger E wave (coloured purple) was developing. Yesterday during the Asian and European sessions we could observe strong ascending movement toward the 0.8350 level and we can consider this move as the end of the corrective ( wave. Therefore, during the early New York session when development of the final C wave started this major pair began pushing lower reaching 0.8270 level. At the moment the NZD/USD pair is trading around 0.8230 level and we are expecting to see continuation of the bearish mood in the next few days. In accordance with our wave rules and taking into account that the wave E should retrace 61.8% of the wave C, we can define the potential targets with measuring wave C with take profit at 0.7848 (61.8% of wave C). To reduce the risk, we can use resistance at 0.8355 level as stop loss. Support and Resistance (S3) 0.8170 (S2) 0.8220 (S1) 0.8250 (PP) 0.8300 (R1) 0.8330 (R2) 0.8380 (R3) 0.8410 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.8210 with stop loss 0.8355 and take profit at 0.7848 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 7, 2013 Author Share Posted January 7, 2013 Silver Elliott Wave Last week Silver was trading downwards, impulsive wave 5 (coloured blue) of the bigger wave (3) (coloured green) was developing. During the Friday's Asian and European session we could observe descending movement from 30.14 towards the 29.21 level and we can consider this movement as the end of the wave (3) (coloured green). Therefore, during the New York session when development of the corrective wave 4 had started, silver retraced back to 30.25 level. Today during the Asian session price reached 30.43 level and we can consider this move as the end of the wave A (coloured blue). We expect the price in a bullish mood again when development of the wave B ends. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 30.83 (100% of wave A). To reduce the risk, we can use invalidation at 29.21 level as stop loss. Support and Resistance (S3) 28.297 (S2) 28.769 (S1) 29.357 (PP) 29.829 (R1) 30.417 (R2) 30.889 (R3) 31.477 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 29.68 with stop loss at 29.21 and take profit at 30.83 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 9, 2013 Author Share Posted January 9, 2013 EUR/AUD Elliott Wave Last few weeks the EUR/AUD pair was trading downwards, corrective (2) wave (coloured green) of the bigger (3) wave (coloured red) was developing. Yesterday during the Asian session we could observe ascending movement from 1.2475 toward the 1.2527 level. Therefore, during the European and New York sessions the EUR/AUD pair did not manage to hold this level and the price started pushing lower reaching a new session low at 1.2437 level. Today this currency pair is trading around 1.2450 level and we expect to see price higher soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.3453 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.2157 level as stop loss. Support and Resistance (S3) 1.2398 (S2) 1.2428 (S1) 1.2447 (PP) 1.2477 (R1) 1.2507 (R2) 1.2526 (R3) 1.2556 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2480 with stop loss 1.2157 take profit at 1.3453 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 11, 2013 Author Share Posted January 11, 2013 EUR/USD Elliott Wave This week the EUR/USD pair was trading in the sideways move, corrective 2 wave (coloured blue) of the bigger (3) wave (coloured green) was developing. Yesterday during the European session we could observe slight ascending movement from 1.3037 toward the 1.3116 level. Therefore, during the early New York session after ECB speech this major pair started pushing higher reaching a new weekly high at 1.3271 level. Today the EUR/USD pair is trading around 1.3270 and we expect to see the price above 1.4000 level in the next few weeks. In accordance with our wave rules and taking into account that the wave 1 should retrace 161.8% of the wave 3, we can define the potential targets with measuring wave 1 with take profit at 1.4043 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.2987 level as stop loss. Support and Resistance (S3) 1.2885 (S2) 1.2962 (S1) 1.3114 (PP) 1.3191 (R1) 1.3343 (R2) 1.3420 (R3) 1.3572 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2780 with stop loss 1.2987 take profit at 1.4043 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 14, 2013 Author Share Posted January 14, 2013 USD/JPY Elliott Wave Last week the USD/JPY pair was trading in the upward move, corrective (5) wave (coloured red) of the bigger 3 wave (coloured purple) was developing. During the Friday's Asian and European sessions we could observe strong ascending movement from 88.73 toward the 89.45 level. Therefore, during the New York session this major pair continued trading higher reaching a new high at 89.66 level and we can consider this move as the end of the 3 wave (coloured purple). At the moment the USD/JPY pair is trading around 89.37 level and we expect to see the price below 85.61 level soon. In accordance with our wave rules and taking into account that the wave 4 should retrace 38.2% of the wave 3, we can define the potential targets with measuring wave 3 with take profit at 85.61 (38.2% of wave 3). To reduce the risk, we can use end of the 3 wave at 89.66 level as stop loss. Support and Resistance (S3) 87.98 (S2) 88.33 (S1) 88.74 (PP) 89.09 (R1) 89.50 (R2) 89.85 (R3) 90.26 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 89.30 with stop loss 89.66 take profit at 85.61 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 16, 2013 Author Share Posted January 16, 2013 USD/JPY Elliott Wave For the last few days the USD/JPY pair was trading downward, corrective wave (A) (coloured red) of the bigger 4 wave (coloured purple) was developing. Yesterday during the early Asian session we could observe descending movement from 89.02 toward the 88.26 level and we can consider this move as the end of the 3 sub-wave of the bigger (A) wave (coloured red). Therefore, during the New York session after this major pair found resistance around 88.90 level we could observe continuation of the Asian bearish move that bring price to the 87.93 level. At the moment the USD/JPY pair is trading around 88.07 level and we expect to see the price higher when development of the ( wave (coloured red) starts. In accordance with our wave rules and taking into account that the wave B should retrace 61.8% of the wave A, we can define the potential targets with measuring wave A with take profit at 88.94 (61.8% of wave A). To reduce the risk, we can use support at 87.54 level as stop loss. Support and Resistance (S3) 87.54 (S2) 88.06 (S1) 88.37 (PP) 88.89 (R1) 89.41 (R2) 89.72 (R3) 90.24 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 88.15 with stop loss 87.54 and take profit at 88.94 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 21, 2013 Author Share Posted January 21, 2013 NZD/USD Elliott Wave Last week the NZD/USD pair was trading downward, impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green) was developing. During the Friday's Asian session we could observe descending movement from 0.8374 toward the 0.8333 level. Therefore, during the European and New York sessions this commodity pair did not manage to hold bearish mood and the price started traded side-ways. Presently the NZD/USD pair is trading around the 0.8326 level and we expect continuation of the bearish movement from last week continues soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 261.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 0.8234 (261.8% of wave 1). To reduce the risk, we can use invalidation at 0.8381 level as stop loss. Support and Resistance (S3) 0.8286 (S2) 0.8310 (S1) 0.8334 (PP) 0.8358 (R1) 0.8382 (R2) 0.8406 (R3) 0.8430 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.8350 with stop loss 0.8381 and take profit at 0.8234 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 24, 2013 Author Share Posted January 24, 2013 USD/JPY Elliott Wave Since our last analysis the USD/JPY pair was trading upward, corrective ( wave (coloured red) of the bigger 4 wave (coloured purple) was developing. Yesterday during the Asian and European sessions we could observe ascending movement from 88.05 toward the 88.73 level. Therefore, during the New York session this major pair continued trading in a bullish mood and the price reached 2-day high at 89.30 level. Currently the USD/JPY pair is trading around 78.6% of the BvsA and we are expecting to see big drop today when final C waves (coloured red) starts. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 87.64 (100% of wave A). To reduce the risk, we can use invalidation at 90.24 level as stop loss. Support and Resistance (S3) 87.75 (S2) 88.03 (S1) 88.20 (PP) 88.48 (R1) 88.76 (R2) 88.93 (R3) 89.21 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 89.70 with stop loss 90.24 and take profit at 87.64 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 25, 2013 Author Share Posted January 25, 2013 Gold Elliott Wave All week gold was traded in a downward move, corrective (A) wave (coloured green) of the bigger (Y) wave (coloured red) was developing. Yesterday during the European session we could observe strong descending movement from 1,683.15 toward the 1,664.93 level. Therefore, during the New York session this commodity continued trading in a bearish mood and the price reached a 1,663.48 level. We can consider this move as the end of the impulsive 3 wave (coloured blue) of the bigger (A) wave (coloured green). At the moment gold is trading around 1,669.15 level and we are expecting to see the continuation of the downward move when development of wave 4 (coloured blue) ends. In accordance with our wave rules and taking into account that wave 5 should retrace 161.8% of wave 1, we can define the potential targets with measuring wave 1 with take profit at 1,665.02 (161.8% of wave 1). To reduce the risk, we can use resistance at 1,683.15 level as stop loss. Support and Resistance (S3) 1637.1 (S2) 1650.6 (S1) 1658.7 (PP) 1672.2 (R1) 1680.3 (R2) 1693.8 (R3) 1701.9 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1,675.85 with stop loss 1,683.15 and take profit at 1,665.02 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted January 28, 2013 Author Share Posted January 28, 2013 Gold Elliott Wave For the last few days gold was trading downward, impulsive wave 5 (coloured blue) of the bigger (A) wave (coloured green) was developing. During the Friday's European session we could observe strong descending movement from 1,670.90 toward the 1,655.92 level. Therefore, during the New York session this commodity did not manage to hold this level and the price started trading in a sideways move. Today we are expecting one more push lower before we can see strong bullish move when development of the ( wave starts. In accordance with our wave rules and taking into account that the wave B should retrace 50% of the wave A, we can define the potential targets with measuring wave A with take profit at 1,6730.20 (50% of wave A). To reduce the risk, we can use support at 1,640.00 level as stop loss. Support and Resistance (S3) 1,635.1 (S2) 1,645.1 (S1) 1,651.7 (PP) 1,661.7 (R1) 1,668.3 (R2) 1,678.3 (R3) 1,684.9 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,665.12 with stop loss 1,640.00 and take profit at 1,673.20 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 5, 2013 Author Share Posted February 5, 2013 USD/CAD analysis for February 5, 2013 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in a downward channel, corrective wave (A) (coloured green) of the bigger (2) wave (coloured red) was developing. Yesterday during the Asian session we could observe descending movement toward the 0.9947 level and we can consider this move as the end of the 5 wave (Coloured blue) of the bigger (A) wave (coloured green). Therefore, during the European and New York sessions when development of the ( wave (coloured green) starts this major pair starts pushing higher reaching a new highs at 0.9992 level. We can consider this move as the end of the sub-wave A of the bigger ( wave. At the moment the USD/CAD pair is trading in a final C wave and we expect to see the price above 1.0000 level soon. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 1.0020 (100% of wave A). To reduce the risk, we can use invalidation at 0.9947 level as stop loss. Support and Resistance (S3) 0.9930 (S2) 0.9947 (S1) 0.9958 (PP) 0.9975 (R1) 0.9992 (R2) 1.0003 (R3) 1.0020 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9980 with stop loss 0.9947 and take profit at 1.0020 are recommended.  AUD/USD analysis for February 5, 2013 AUD/USD Elliott Wave Last week the AUD/USD pair was trading in a downward move, impulsive wave (1) (coloured green) of the bigger © wave (coloured red) was developing. During the Monday’s Asian and European sessions we could observe ascending movement from 1.0408 toward the 1.0441 level. Therefore, during the early New York session this commodity pair continued trading in a bullish mood and the price reached a new daily high at 1.0457 level. We can consider this move as the end of the © wave (coloured pink) of the bigger 4 wave (coloured blue). At the moment the AUD/USD pair is trading around 1.0401 level and we expect to see the price around 1.03400 level when development of the 4 wave ends. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0337 (100% of wave 1). To reduce the risk, we can use invalidation at 1.0485 level as stop loss. Support and Resistance (S3) 1.0396 (S2) 1.0409 (S1) 1.0417 (PP) 1.0429 (R1) 1.0442 (R2) 1.0450 (R3) 1.0462 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0440 with stop loss 1.0485 and take profit at 1.0337 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 8, 2013 Author Share Posted February 8, 2013 EUR/USD Elliott Wave Since our last analyses the EUR/USD pair was trading downwards, corrective wave © (coloured green) of the bigger (4) wave (coloured red) was developing. Yesterday during the Asian session we could observe ascending movement toward the 1.3577 level and we can consider this move as the end of the corrective wave ( (coloured green) of the bigger (4) wave (coloured red). Therefore, during the European and New York sessions this currency pair did not manage to hold this level and the price started pushing lower reaching new lows at 1.3370 level. Today the EUR/USD pair is trading around 1.3420 level and we are expecting to see the price lower until sub-wave 5 (coloured blue) is over. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.3340 (100% of wave 1). To reduce the risk, we can use invalidation at 1.3492 level as stop loss. Support and Resistance (S3) 1.3241 (S2) 1.3320 (S1) 1.3369 (PP) 1.3448 (R1) 1.3527 (R2) 1.3576 (R3) 1.3655 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.3440 with stop loss 1.3492 and take profit at 1.3340 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 11, 2013 Author Share Posted February 11, 2013 GBP/USD Elliott Wave For the last few days the GBP/USD pair was trading upwards, corrective wave (A) (coloured red) of the bigger wave 2 (coloured purple) was developing. During the Friday's Asian and European sessions we could observe strong ascending movement from 1.5715 towards the 1.5844 level and we can consider this movement as the end of the impulsive wave (5) (coloured green) of the bigger (A) wave (coloured red). Therefore, during the New York session this major pair did not manage to hold this level and the price started pushing lower reaching 1.5784 level. At the moment the GBP/USD pair is trading around 1.5760 level and we expect to see one more bullish movement in this pair when the development of the © wave (coloured red) starts. In accordance with our wave rules and taking into account that wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 1.5951 (100% of wave A). To reduce the risk, we can use invalidation at 1.5632 level as stop loss. Support and Resistance (S3) 1.5579 (S2) 1.5641 (S1) 1.5719 (PP) 1.5781 (R1) 1.5859 (R2) 1.5921 (R3) 1.5999 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.5800 with stop loss 1.5632 and take profit at 1.5951 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 14, 2013 Author Share Posted February 14, 2013 EUR/AUD Elliott Wave Since our last analysis the EUR/AUD was trading downwards, so we need to change our primary count. Yesterday, during the Asian session, we could observe an ascending movement from 1.2981 towards 1.3090 level and we can consider this movement as the final sub-wave of the corrective B wave (coloured blue) triangle. Therefore, during the European and New York sessions this currency did not manage to hold this level and price retraced to 1.2963 level (3 days low). This move confirms that C wave starts and we are expecting to see the price pushing a little more lower today to finish all five sub-waves of this corrective movement. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 1.2800 (100% of wave A). To reduce the risk, we can use invalidation at 1.2963 level as stop loss. Support and Resistance (S3) 1.2874 (S2) 1.2892 (S1) 1.2902 (PP) 1.2919 (R1) 1.2937 (R2) 1.2947 (R3) 1.2964 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2900 with stop loss 1.2963 and take profit at 1.2800 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 18, 2013 Author Share Posted February 18, 2013 AUD/JPY Elliott Wave Last week the AUD/JPY pair was trading downwards, impulsive wave (1) (coloured green) of the bigger © wave (coloured red) was developing. During the Friday's Asian session the AUD/JPY pair pushed slightly lower and the price reached 95.52 level, we can consider this movement as the end of the (1) wave (coloured green). Therefore, during the European and New York sessions this exotic currency did not manage to hold this level and the price started pushing higher reaching a new high at 96.68 level. At the moment the AUD/JPY pair is trading around 97.75 level and we expect to see the price below 94.60 level when development of the (3) wave (coloured green) ends. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1 we can define the potential targets with measuring wave 1 with take profit at 94.55 (161.8% of wave 1). To reduce the risk, we can use invalidation at 97.43 level as stop loss. Support and Resistance (S3) 95.02 (S2) 95.46 (S1) 95.74 (PP) 96.18 (R1) 96.62 (R2) 96.90 (R3) 97.34 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 96.50 with stop loss 97.43 and take profit at 94.55 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 19, 2013 Author Share Posted February 19, 2013 AUD/USD Elliott Wave From the start of this week, the AUD/USD pair was trading upwards, corrective wave C (coloured blue) of the bigger wave (2) (coloured green) was developing. Yesterday during the Asian and European session we could observe ascending movement from 1.0274 towards 1.0314 level. Therefore, during the New York session this major pair continued trading in a bullish mood and the price reached a new daily high at 1.0330 level. Today the AUD/USD pair is trading around 1.0335 level and we expect to see the price above 1.0450 level soon. In accordance with our wave rules and taking into account that the wave 2 should retrace 61.8% of the wave 1 we can define the potential targets with measuring wave 1 with take profit at 1.0456 (61.8% of wave 1). To reduce the risk, we can use support at 1.0305 level as stop loss. Support and Resistance (S3) 1.0258 (S2) 1.0273 (S1) 1.0282 (PP) 1.0298 (R1) 1.0313 (R2) 1.0322 (R3) 1.0338 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0340 with stop loss at 1.0305 and take profit at 1.0465 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 25, 2013 Author Share Posted February 25, 2013 USD/JPY Elliott Wave Since our last analyses the USD/JPY pair has been trading upwards like we expected, impulsive wave (1) (colored green) of the bigger (5) wave (colored red) was developing. During the Friday's Asian and European session we could observe sideways movement between 93.50 and 93.14 level. Therefore, during the New York session this major pair did not manage to hold the highs at 93.50, and price retraced back to 93.28 level. Today the USD/JPY pair is trading around the level of 93.83 and we are expecting the price to be above 95.80 level in the next few sessions. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 95.84 (100% of wave 1). To reduce the risk, we can use invalidation at 92.77 level as stop loss. Support and Resistance (S3) 92.66 (S2) 92.88 (S1) 93.02 (PP) 93.25 (R1) 93.47 (R2) 93.61 (R3) 93.84 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 93.90 with stop loss at 92.77 and take profit at 95.84 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 26, 2013 Author Share Posted February 26, 2013 AUD/USD Elliott Wave For the last few days, the AUD/USD pair was trading downwards, impulsive wave 3 coloured blue of the bigger (3) wave coloured green was developing. During the Monday's European session we could observe ascending movement from 1.0260 towards the 1.0327 level. Therefore, during the New York session this currency pair did not manage to hold this level, and the price retraced to the 1.0246 level. Today the AUD/USD pair is trading around 1.0263, and we are expecting to see the price around 1.0100 soon. In accordance with our wave rules and taking into account the fact that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 1.0103 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.0339 level as stop loss. Support and resistance (S3) 1.0201 (S2) 1.0231 (S1) 1.0249 (PP) 1.0279 (R1) 1.0309 (R2) 1.0327 (R3) 1.0357 Trading forecast Proceeding from the Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at 1.0250 with stop loss at 1.0339 and take profit at 1.0103 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted February 28, 2013 Author Share Posted February 28, 2013 SILVER Elliott Wave This week silver was trading upwards, corrective wave (4) (coloured red) of the bigger wave 5 (coloured purple) was developing. Yesterday, during the Asian and European sessions, we could observe a descending movement from 29.30 towards the 29.04 level. Therefore, during the New York session, this commodity has continued trading in a bearish mood and the price reached a new daily low at 28.84 level. We can consider this movement as the end of the wave (1) (coloured green) of the bigger (5) wave (coloured red). At the moment Silver is trading around 28.90 level and we are expecting to see price around 28.20 very soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the waves 1, we can define the potential targets with measuring wave 1 with take profit at 28.20 (161.8% of wave 1). To reduce the risk, we can use invalidation at 29.44 level (end of 4 wave) as stop loss. Support and Resistance (S3) 28.178 (S2) 28.522 (S1) 28.753 (PP) 29.097 (R1) 29.328 (R2) 29.672 (R3) 29.903 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 28.80 with stop loss 29.44 and take profit at 28.2 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted March 5, 2013 Author Share Posted March 5, 2013 USD/NOK Elliott Wave For the last few days the USD/NOK was trading downwards, impulsive wave ( (coloured red) of the bigger wave (2) (coloured purple) was developing. Yesterday during the European session we could observe strong descending movement from 5.7560 towards the 5.7174 level, and this strong bearish movement confirmed possible bearish movement. Therefore, during the New York session this currency continued trading in a bearish mood and the price reached a new low at 5.7055 level. At the moment the USD/NOK is trading around 5.7099 level and we expect to see the next support around 5.6055 area. In accordance with our wave rules and taking into account that the wave B should retrace 50% of the waves A, we can define the potential targets with measuring wave A with take profit at 5.6053 (50% of wave A). To reduce the risk, we can use invalidation at 5.7832 level (end of A wave) as stop loss. Support and Resistance (S3) 5.6589 (S2) 5.6731 (S1) 5.6873 (R1) 5.7353 (R2) 5.7496 (R3) 5.7640 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 5.7020 with stop loss at 5.7832 and take profit at 5.6053 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted March 7, 2013 Author Share Posted March 7, 2013 USD/NOK Elliott Wave Since our Wednesday analysis, the USD/NOK pair was trading upwards just like we expected, corrective wave A (coloured blue) of the bigger wave ( (coloured green) was developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 5.6833 towards the 5.7121 level. Therefore, during the New York session this currency continued trading in a bullish mood and the price reached a new high at 5.7199 level. We can consider this movement as the end of the wave A (coloured blue) of the wave ( (coloured green). At the moment the USD/NOK pair is trading at 5.6893 level and we are expecting to see price around 5.7373 level soon. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the waves A, we can define the potential targets with measuring wave A with take profit at 5.7373 (100% of wave A). To reduce the risk, we can use support at 5.6835 level as stop loss. Alternation: Wave ( (coloured green) is over and we expect to see the price around 5.6000 level soon, this count will be valid if price brakes below 5.6835 level. Support and Resistance (S3) 5.6701 (S2) 5.6858 (S1) 5.6956 (PP) 5.7113 (R1) 5.7270 (R2) 5.7368 (R3) 5.7525 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 5.6950 with stop loss at 5.6835 and take profit at 5.7373 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted March 12, 2013 Author Share Posted March 12, 2013 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading downwards, corrective wave (4) (coloured green) of the bigger wave (3) (coloured red) was developing. Yesterday, during the Asian and European sessions we could observe descending movement from 1.0294 towards the 1.0254 level. Therefore, during the New York session this commodity currency has continued trading in a bearish mood and the price reached a new daily low at 1.0248 level. We can consider this movement as the end of the Y wave (coloured blue) of the bigger wave (4) (coloured green). At the moment the USD/CAD pair is trading around 1.0277 level and we expect to see the price around 1.0500 level in the next few sessions. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the waves 1, we can define the potential targets with measuring wave 1 with take profit at 1.0510 (100% of wave 1). To reduce the risk, we can use support at 1.0097 level as stop loss. Support and Resistance (S3) 1.0203 (S2) 1.0228 (S1) 1.0243 (PP) 1.0268 (R1) 1.0283 (R2) 1.0308 (R3) 1.0323 Trading forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upwards movement. That is why long positions at level 1.0280 with stop loss at 1.0097 and take profit at 1.0510 are recommended. Quote Link to comment Share on other sites More sharing options...
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