NDelic Posted August 21, 2012 Author Share Posted August 21, 2012 AUD/CAD Elliott Wave For the last few weeks the AUD/CAD pair was trading in a downward move, developing corrective (A) wave (coloured green) of the bigger (2) wave (coloured orange). Last Friday the AUD/USD pair finished (A) wave, and we could observe the price higher this week when developing the ( wave starts. In accordance with our wave rules and taking into account that the wave B retraces 61.8% of the wave A, we can define the potential targets with Fibonacci retracement (1.0593-1.0292), with Take Profit 1 at 1.0445(50% of wave A), and Take Profit 2 at 1.0481 (61.8% of wave A). To reduce the risk, we can use the end of the A wave at 1.0292 level as Stop Loss. Support and Resistance (S3) 1.0271 (S2) 1.0290 (S1) 1.0301 (PP) 1.0319 (R1) 1.0338 (R2) 1.0349 (R3) 1.0367 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0370 with Stop Loss 1.0292, Take Profit 1 1.0445 and Take Profit 2 1.0481 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 21, 2012 Author Share Posted August 21, 2012 EUR/USD Elliott Wave Yesterday we presented a weekly EUR/USD wave count and today we want to bring that count to the smaller time frame for intraday traders. Yesterday during the European session we could observe an ascending movement from 1.2320 towards the 1.2368 level. Therefore, during the New York session this major pair did not manage to hold this level and the price started pushing lower. At the moment the EUR/USD pair is developing impulsive 3 wave (coloured purple) of the bigger A wave (coloured blue) and we are expecting to see the price around 1.2500 today. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.2240-1.2385-1.2255), with Take Profit at 1.2488 (161.8% of wave 1). To reduce the risk, we can use support point at 1.2380 as Stop Loss. Support and Resistance (S3) 1.2263 (S2) 1.2291 (S1) 1.2308 (PP) 1.2336 (R1) 1.2364 (R2) 1.2381 (R3) 1.2409 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.2405 with Stop Loss 1.2380 and Take Profit 1.2488 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 24, 2012 Author Share Posted August 24, 2012 NZD/USD Elliott Wave Since our last analysis the NZD/USD pair was trading in a downward move like we expected developing final C wave (coloured blue) of the bigger (2) (coloured green). During the early Asian session we could observe an ascending movement towards the 0.8185 level and we can consider this move as the end of the E wave of the bigger ( wave. Therefore, during the European and New York sessions this major pair started pushing lower when developing of the C wave starts and price reached a new daily low at 0.8125 level. At the moment the NZD/USD pair is trading around 0.8115 level and we are expecting to see the price around 0.8000 soon. In accordance with our wave rules and taking into account that the wave C retraces 100% of the wave A, we can define the potential targets with Fibonacci extensions (0.8224-0.8038-0.8185), with Take Profit at 0.8000 (100% of wave A). To reduce the risk, we can use resistance at 0.8145 level as Stop Loss. Support and Resistance (S3) 0.8085 (S2) 0.8108 (S1) 0.8123 (PP) 0.8146 (R1) 0.8169 (R2) 0.8184 (R3) 0.8207 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.8110 with Stop Loss 0.8145 and Take Profit 0.8000 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 24, 2012 Author Share Posted August 24, 2012 AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in a downward move, developing corrective wave E (coloured orange). Yesterday during the European and New York sessions we could observe a descending movement from 1.0544 towards the 1.0435 level and we can consider this move as the beginning of the impulsive 3 wave of the bigger wave (A) (coloured green). At the moment the AUD/USD pair is trading around 1.0420 and we are expecting to see price lower today. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (1.0613-1.0410-1.0544) with Take Profit 1 at 1.0336 (100% of wave 1) and Take Profit 2 at 1.0211 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0445 level as Stop Loss. Support and Resistance (S3) 1.0364 (S2) 1.0406 (S1) 1.0432 (PP) 1.0474 (R1) 1.0516 (R2) 1.0542 (R3) 1.0584 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0410 with Stop Loss 1.0445, Take Profit 1 1.0336, and Take Profit 2 1.0211 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 27, 2012 Author Share Posted August 27, 2012 USD/CHF Elliott Wave Last week the USD/CHF pair was trading in a downward move developing impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green). During the Friday's Asian and European sessions we could observe an ascending movement towards the 0.9620 and we can consider this move as the end of the (4) wave (coloured purple). Therefore, during the early New York session the USD/CHF pair started pushing lower when developing of the (5) wave starts (coloured purple). At the moment this major pair is developing final impulsive (5) wave of the bigger 3 wave (coloured blue) and we are expecting to see the price around 0.9415 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci Extensions (0.9798-0.9699-0.9767), with Take Profit at 0.9416 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 0.9696 level as Stop Loss. Also it is necessary to monitor the U.S.FOMC Member Pianalto Speaks data that can change the rate of the pair. Support and Resistance (S3) 0.9521 (S2) 0.9547 (S1) 0.9563 (PP) 0.9590 (R1) 0.9616 (R2) 0.9632 (R3) 0.9659 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9570 with Stop Loss 0.9696 and Take Profit 0.9416 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 27, 2012 Author Share Posted August 27, 2012 EUR/USD Elliott Wave Last week the EUR/USD pair was trading in an upward move developing corrective © wave (coloured green) of the bigger wave (4) wave (coloured orange). During the early Friday's European session we could observe a descending movement from 1.2563 towards the 1.2480 level. Therefore, during the New York session this major pair did not manage to hold this level and the price retraced back to the 1.2560 level. At the moment the EUR/USD pair is developing an impulsive (5) wave (coloured orange) and we are expecting to see the price around 1.2000 level this week. In accordance with our wave rules and taking into account that the wave 5 retraces 161.8% of the wave 1, we can define the potential targets with measuring 1 wave, Take Profit 1 at 1.1933 (138.2% of wave 1) and Take Profit 2 at 1.1820 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.2590 level as Stop Loss. Also it is necessary to monitor the EU German Ifo Business Climate and U.S.FOMC Member Pianalto Speaks data that can change the rate of the pair. Support and Resistance (S3) 1.2433 (S2) 1.2466 (S1) 1.2487 (PP) 1.2520 (R1) 1.2553 (R2) 1.2574 (R3) 1.2607 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2480 with Stop Loss 1.2590, Take Profit 1 1.1933 and Take Profit 2 1.1820 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 30, 2012 Author Share Posted August 30, 2012 EUR/USD Elliott Wave Since our last analysis the EUR/USD pair was trading in a downward move like we expected, but if we take another look, we will come to a conclusion that corrective 4 wave is not over, so, there is no much change in our wave count. Yesterday during the early Asian session this major pair found support at 1.2465 level and we could observe a strong ascending move towards the 1.2575 level (3 days high). At the moment the EUR/USD pair is developing final 5 wave (coloured blue) of the bigger © wave (coloured green) and we are expecting to see price around 1.2000 level when the development of the final (5) wave (coloured orange) starts. In accordance with our wave rules and taking into account that the wave 5 retraces 161.8% of the wave 1, we can define the potential targets by measuring wave 1, with Take Profit 1 at 1.9964 (138.2% of wave 1) and Take Profit 2 at 1.1884 (161.8% of wave 1) To reduce the risk, we can use resistance at 1.2700 as Stop Loss. Also it is necessary to monitor the U.S. Prelim GDP q/q, Pending Home Sales m/m, Crude Oil Inventories, Beige Book and EU German Prelim CPI m/m data that can change the rate of the pair. Support and Resistance (S3) 1.2383 (S2) 1.2424 (S1) 1.2494 (PP) 1.2535 (R1) 1.2605 (R2) 1.2646 (R3) 1.2716 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2520 with Stop Loss 1.2700, Take Profit 1 1.9964, and Take Profit 2 1.1884 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 30, 2012 Author Share Posted August 30, 2012 USD/CHF Elliott Wave Yesterday the USD/CHF pair was trading in a downward move developing impulsive 5 wave (coloured purple) of the bigger wave 3 (coloured blue). During the European and New York sessions we could observe a descending movement from 0.9626 towards the 0.9547 level and we can consider this move as the end of the (1) wave (coloured black) of the bigger 5 wave (coloured purple). At the moment this major pair is developing corrective (2) wave (coloured blue) and we are expecting to see continuation of the bearish mood today. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9798-0.9699-0.9767), with Take Profit at 0.9416 (161.8% of wave 1). To reduce the risk, we can use invalidation point at 0.9635 level as Stop Loss. Also it is necessary to monitor the CHF KOF Economic Barometer and U.S. Prelim GDP q/q, Pending Home Sales m/m, Crude Oil Inventories, Beige Book data that can change the rate of the pair. Support and Resistance (S3) 0.9439 (S2) 0.9493 (S1) 0.9526 (PP) 0.9580 (R1) 0.9613 (R2) 0.9667 (R3) 0.9700 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9560 with Stop Loss 0.9635 and Take Profit 0.9416 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 31, 2012 Author Share Posted August 31, 2012 EUR/USD Elliott Wave For the last few days the EUR/USD pair was trading in an upward move developing 5 wave (coloured blue) of the bigger corrective © wave (coloured green). Yesterday during the early Asian and European sessions we could observe an ascending movement from 1.2523 towards the 1.2564 level. Therefore, during the New York session this major pair did not manage to hold this level and price started pushing lower reaching a new 2 days low at 1.2488 level. At the moment the EUR/USD pair is trading around 1.2565 level and we are expecting to see the price lower today. In accordance with our wave rules and taking into account that the wave 5 retraces 161.8% of the wave 1, we can define the potential targets by measuring wave 1, with Take Profit at 1.1884 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.2690 as Stop Loss. Also it is necessary to monitor the EU German Retail Sales m/m, CPI Flash Estimate y/y, Unemployment Rate and U.S. Chicago PMI, Revised UoM Consumer Sentiment, Fed Chairman Bernanke Speaks, Factory Orders m/m, Jackson Hole Symposium data that can change the rate of the pair. Alternation: Wave 5 (coloured blue) of the bigger (4) wave (coloured orange) is still in the progress and we can expect to see price around 1.2680 level today. Support and Resistance (S3) 1.2442 (S2) 1.2471 (S1) 1.2489 (PP) 1.2518 (R1) 1.2547 (R2) 1.2565 (R3) 1.2594 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2520 with Stop Loss 1.2690 and Take Profit 1.1884 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 31, 2012 Author Share Posted August 31, 2012 USD/CHF Elliott Wave Since our last analysis the USD/CHF pair was trading in an upward move, developing final 5 wave (coloured blue) of the bigger wave (3) (coloured green). Yesterday during the Asian and European sessions we could observe a descending movement towards the 0.9556 level (new daily low). Therefore, during the New York session the USD/CHF pair did not manage to hold this level and the price started pushing higher reaching high at 0.9615 level. At the moment this major pair is developing final 5 wave (coloured blue) and we are expecting to see the price around 0.9450 soon. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9660-0.9538-0.9634), with Take Profit at 0.9457 (161.8% of wave 1). To reduce the risk, we can use resistance point at 0.9560 level as Stop Loss. Also it is necessary to monitor the U.S. Chicago PMI, Revised UoM Consumer Sentiment, Fed Chairman Bernanke Speaks, Factory Orders m/m, Jackson Hole Symposiu data that can change the rate of the pair. Support and Resistance (S3) 0.9533 (S2) 0.9556 (S1) 0.9570 (PP) 0.9592 (R1) 0.9615 (R2) 0.9629 (R3) 0.9651 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9550 with Stop Loss 0.9560 and Take Profit 0.9457 are recommended Quote Link to comment Share on other sites More sharing options...
NDelic Posted August 31, 2012 Author Share Posted August 31, 2012 NZD/USD Elliott Wave Last week the NZD/USD pair was trading in a downward move, developing impulsive 5 wave (coloured purple) of the bigger C wave (coloured blue). Yesterday during the Asian session we could observe an ascending movement towards the 0.8028 level and we consider this move as the end of the corrective (4) wave (coloured purple). Therefore, during the early European session this major pair did not manage to hold this level and we could observe a strong downward movement that brought this pair to the new low at 0.7967 level (end of the C wave). At the moment the NZD/USD pair is trading around 0.8006 level and we are expecting to see price higher today. We still do not have clear view where the 1 wave (coloured purple) should finish, but we are expecting to see the end of this wave around 0.8050 level. To reduce the risk, we can use support at 0.7985 level as Stop Loss. Support and Resistance (S3) 0.7930 (S2) 0.7954 (S1) 0.7969 (PP) 0.7992 (R1) 0.8016 (R2) 0.8031 (R3) 0.8054 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.8015 with Stop Loss 0.7985 and Take Profit 0.8050 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 3, 2012 Author Share Posted September 3, 2012 USD/CHF Elliott Wave Since our last analysis the USD/CHF pair was trading in a downward move, like we expected, developing impulsive (3) wave (coloured black) of the bigger 5 wave (coloured purple). During the Friday European and New York sessions we could observe a descending movement towards the 0.9500 level and we can consider this move as the end of the smaller 3 wave of the impulsive (3) wave (coloured black). Therefore, during the second half of the NY session this major pair started pushing higher and the price reached 0.9560 level. At the moment the USD/CHF pair is developing final 5 wave of the bigger (3) wave and we are expecting to see the price around 0.9475 level today. In accordance with our wave rules and taking into account that the wave 3 retraces 161.8% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9660-0.9538-0.9634), with Take Profit at 0.9457 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9590 level as Stop Loss. Also it is necessary to monitor the Swiss SNB Chairman Jordan Speaks, Retail Sales y/y and SVME PMI data that can change the rate of the pair. Support and Resistance (S3) 0.9445 (S2) 0.9486 (S1) 0.9512 (PP) 0.9554 (R1) 0.9595 (R2) 0.9621 (R3) 0.9663 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9540 with Stop Loss 0.9590 and Take Profit at 0.9457 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 3, 2012 Author Share Posted September 3, 2012 EUR/USD Elliott Wave Last week the EUR/USD pair was trading in an upward move developing corrective © wave (coloured Green) of the bigger (4) wave (coloured orange). During the Friday European session, we could observe a strong ascending movement from 1.2493 towards the 1.2595 level. Therefore, during the early New York session the EUR/USD pair continued trading in a bullish mood and the price reached a new high at 1.2637 level and we can consider this move as the end of the 5 impulsive wave (coloured blue) of the bigger © wave (coloured green). At the moment the EUR/USD pair is trading around 1.2570 level and we are expecting to see the price around 1.2000 this week. In accordance with our wave rules and taking into account that the wave 5 retraces 161.8% of the wave 1, we can define the potential targets with measuring 1 wave, with Take Profit 1 at 1.1981 (138.2% of wave 1) and Take Profit 2 at 1.1869. To reduce the risk, we can use the end of the 4 wave at 1.2637 level as Stop Loss. Also it is necessary to monitor the EU Spanish Manufacturing PMI, Italian Manufacturing PMI and ECB President Draghi Speaks data that can change the rate of the pair. Support and Resistance (S3) 1.2423 (S2) 1.2478 (S1) 1.2512 (PP) 1.2567 (R1) 1.2622 (R2) 1.2656 (R3) 1.2711 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2550 with Stop Loss 1.2637, Take Profit 1 1.1981 and Take Profit 2 at 1.1869 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 5, 2012 Author Share Posted September 5, 2012 EUR/USD Elliott Wave Since our last analysis the EUR/USD pair was trading in a downward move, like we expected, developing 1 wave (coloured blue) of the bigger wave (1) (coloured green). Yesterday during the European and New York sessions we could observe a descending move from 1.2627 towards the 1.2554 level and we can consider this move as confirmation of the beginning of 3 wave (coloured blue). At the moment, this major pair is trading around 1.2535 level and we are expecting to see the price around 1.2360 level 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 Fibonacci extension (1.2638-1.2567-1.2627), with Take Profit at 1.2424 (261.8% of wave 1). To reduce the risk, we can use invalidation at 1.2559 level as Stop Loss. Also it is necessary to monitor the EU Retail Sales m/m, German 10-y Bond Auction and U.S. Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q data that can change the rate of the pair. Support and Resistance (S3) 1.2509 (S2) 1.2537 (S1) 1.2554 (PP) 1.2582 (R1) 1.2610 (R2) 1.2627 (R3) 1.2655 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2500 with Stop Loss 1.2559 and Take Profit at 1.2424 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 5, 2012 Author Share Posted September 5, 2012 GOLD Elliott Wave Yesterday gold was trading in a sideways move, developing final 5 wave (coloured blue) of the bigger impulsive (3) wave (coloured green). During the Asian and European sessions we could observe a descending movement towards the 1688.85 level. Therefore, during the early New York session this commodity found support at 1687.35 and the price reached a new high at 1698.18. We can consider this move as the end of the impulsive (3) wave (coloured green) and we are expecting to see the price around 1655.05 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 Fibonacci retracement (1547.61-1698.18), with Take Profit at 1655.05 (38.2% of wave 3). To reduce the risk, we can use invalidation at 1704.80 level as Stop Loss. Also it is necessary to monitor the U.S. Revised Nonfarm Productivity q/q and Revised Unit Labor Costs q/q data that can change the rate of the pair. Support and Resistance (S3) 1676.3 (S2) 1681.9 (S1) 1690.3 (PP) 1695.9 (R1) 1704.3 (R2) 1709.9 (R3) 1718.3 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1685.95 with Stop Loss 1704.80 and Take Profit at 1655.05 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 10, 2012 Author Share Posted September 10, 2012 USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading in a downward move, developing extended 5 wave (coloured blue) of the bigger wave (1) (coloured green). During the Friday's Asian session we could observe a descending movement from 0.0935 towards the 0.9804 level and we can consider this move as the end of the wave 1 of the bigger wave 5 (coloured blue). Therefore, during the early European session the USD/CAD pair did not manage to hold this level and the price retraced back to 0.9827 level (end of the 2 wave). At the moment price is trading around 0.9780 level and we are expecting to see it higher when developing the (2) wave (coloured green) starts. 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 Fibonacci retracements (0.9917-0.9755), with Take Profit at 0.9852 (61.8% of wave 1). To reduce the risk, we can use support 0.9750 as Stop Loss. Also it is necessary to monitor the U.S Consumer Credit m/m data that can change the rate of the pair. Support and Resistance (S3) 0.9725 (S2) 0.9752 (S1) 0.9768 (PP) 0.9794 (R1) 0.9821 (R2) 0.9837 (R3) 0.9863 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin its upward movement. That is why long positions at level 0.9775 with Stop Loss 0.9750 and Take Profit at 0.9852 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 10, 2012 Author Share Posted September 10, 2012 EUR/JPY Elliott Wave Last week the EUR/JPY pair was trading in an upward move, developing impulsive 5 wave (coloured purple) of the bigger wave 3 (coloured blue). During the Friday's Asian and European sessions we could observe a strong ascending move from 99.60 towards 100.42 level and we can consider this move as the end of the impulsive 3 wave (coloured blue). Therefore, during the New York session when development of the 4 wave (coloured blue) starts we could observe the price pushing lower. Today the EUR/JPY pair was trading around 100.00 level and we are expecting to see the price around 99.30 soon. In accordance with our wave rules and taking into account that the wave 4 should retrace 100% of the wave 2, we can define the potential targets with measuring 2 wave, with Take Profit 1 at 99.12 (61.8% of wave 2) and Take Profit 2 at 98.32 (100% of wave 2). To reduce the risk, we can use resistance at 100.45 as Stop Loss. Also it is necessary to monitor the JPY Household Confidence, Economy Watchers Sentiment, BSI Manufacturing Index, M2 Money Stock y/y and EU French Industrial Production m/m, Sentix Investor Confidence data that can change the rate of the pair. Support and Resistance (S3) 99.25 (S2) 99.57 (S1) 99.77 (PP) 100.09 (R1) 100.41 (R2) 100.61 (R3) 100.93 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 99.95 with Stop Loss 100.45, Take Profit 1 at 99.12, and Take Profit 2 at 98.32 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 11, 2012 Author Share Posted September 11, 2012 AUD/USD Elliott Wave Last week the AUD/USD pair was trading in a� upward move, developing corrective ( wave (coloured green) of the bigger wave (E) (coloured orange). Yesterday during the European and New York session� we could observe a descending movement from 1.0385 towards the 1.0333 level. Therefore, during the second half of the NY session the AUD/USD pair tried to recover but after testing of 1.0368 resistance level, the price fell back to 1.0333 level. Today during the early Asian session we could observe the price around 1.0320 level and we can consider that move as the end of the corrective B wave (coloured blue) of the bigger ( wave (coloured green). At the moment the AUD/USD pair is developing final C wave (coloured blue) and we are expecting to see the price around 1.0465 level soon. In accordance with our wave rules and taking into account that the wave C retraces 61.8% of the wave A, we can define the potential targets with Fibonacci extensions (1.0166-1.0399-1.0322) with Take Profit at 1.0466 (61.8% of wave A). Support at 1.0320 can be used as Stop Loss. Support and Resistance (S3) 1.0264 (S2) 1.0299 (S1) 1.0316 (PP) 1.0351 (R1) 1.0368 (R2) 1.0403 (R3) 1.0420 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.0390 with Stop Loss 1.0320 and Take Profit 1.0466 are recommended Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 11, 2012 Author Share Posted September 11, 2012 USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading in a downward move, developing final (5) wave (coloured purple) of the bigger 5 wave (coloured blue). Yesterday during the Asian and European sessions we could observe the price trading in a sideways move between 0.9775 and 0.9789 level. Therefore, during the early New York session, the USD/CAD pair did not manage to hold this levels and price started pushing lower reaching a new daily low at 09755 level. At the moment, price is trading around 0.9755 level and we are expecting to see the price higher when 5 smaller wave of the bigger (5) wave (coloured purple) is over. In accordance with our wave rules and taking into account that the wave 2 retraces 61.8% of the wave 1, we can define the potential targets with Fibonacci retracements (0.9917-0.9720) with Take Profit at 0.9837 (61.8% of wave 1). Support at 0.9700 can be used as Stop Loss. Support and Resistance (S3) 0.9723 (S2) 0.9738 (S1) 0.9757 (PP) 0.9772 (R1) 0.9791 (R2) 0.9806 (R3) 0.9825 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9750 with Stop Loss 0.9700 and Take Profit 0.9837 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 12, 2012 Author Share Posted September 12, 2012 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in a downward move, developing 5 wave (coloured blue) of the bigger (1) wave (coloured green). Yesterday, during the European and New York sessions, we could observe a strong descending move towards the 0.9713 level and we can consider this move as the end of the (1) wave (coloured green). Today, during the early Asian session, the USD/CAD pair started pushing higher and the price reached 0.9738 level. At the moment this major pair is developing impulsive (3) wave (coloured purple) of the bigger wave A (coloured blue) and we are expecting to see the price higher today. In accordance with our wave rules and taking into account that the wave 3 retraces 261.8% of the wave 1, we can define the potential targets with Fibonacci extensions (0.9713-0.9735-0.9714) with Take Profit at 0.9773 (261.8% of wave 1). Invalidation Point at 0.9714 can be used as Stop Loss. Support and Resistance (S3) 0.9640 (S2) 0.9677 (S1) 0.9704 (PP) 0.9741 (R1) 0.9768 (R2) 0.9805 (R3) 0.9832 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9740 with Stop Loss 0.9714 and Take Profit 0.9773 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 12, 2012 Author Share Posted September 12, 2012 AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in an upward move just as we expected, developing final corrective © wave (coloured blue) of the bigger wave ( (coloured green). During the Asian and European sessions we could observe an ascending movement from 1.0320 towards the 1.0382 (new daily high) level. Therefore, during the New York session, the AUD/USD pair continued trading in a bullish mood and the price reached 1.0448 level. At the moment we can observe the end of the ( wave (coloured green) and we are expecting to see the price lower for the next few days when the development of © wave (coloured green) starts. In accordance with our wave rules and taking into account that the wave C retraces 161.8% of the wave A, we can define the potential targets with Fibonacci extensions (1.0612-1.0166-1.0510) with Take Profit at 0.9807 (100% of wave A). Resistance at 1.0600 can be used as Stop Loss. Support and Resistance (S3) 1.0228 (S2) 1.0276 (S1) 1.0354 (PP) 1.0402 (R1) 1.0480 (R2) 1.0528 (R3) 1.0606 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at the level of 1.0450 with Stop Loss at 1.0600 and Take Profit at 0.9807 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 17, 2012 Author Share Posted September 17, 2012 EUR/JPY Elliott Wave Since our last analysis, the EUR/JPY pair was trading in an upward move, like we expected, developing impulsive (3) wave (coloured green) of the bigger wave (A) (coloured orange). During the Friday's Asian and European sessions we could observe a strong ascending movement from 100.62 towards the 102.28 level. Therefore, during the New York session this currency pair continued trading in a bullish mood reaching a new high at 103.01 level and we can consider this move as the end of the impulsive 5 wave (coloured blue) of the bigger wave (3). Today the EUR/JPY pair is trading around 102.60 level and we are expecting to see price at 99.95 level soon. In accordance with our wave rules and taking into account that the wave 4 should retrace 23.6% of the wave 3, we can define the potential targets with measuring 3 wave, with Take Profit 1 at 101.12 (23.6% of wave 3) and Take Profit 2 at 99.95 (38.2% of wave 3). To reduce the risk, we can use resistance at 103.40 level as Stop Loss. Support and Resistance (S3) 99.72 (S2) 100.66 (S1) 101.23 (PP) 102.16 (R1) 103.10 (R2) 103.67 (R3) 104.60 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 102.50 with Stop Loss 103.40 ,Take Profit 1 at 101.12 and Take Profit 2 at 99.95 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 17, 2012 Author Share Posted September 17, 2012 USD/CHF Elliott Wave Last week the USD/CHF pair was trading in a downward move, developing impulsive 5 wave (coloured blue) of the bigger wave (3) (coloured green). During the Friday's early Asian session we could observe a descending movement from 0.9356 towards the 0.9312 level. Therefore, during the European and New York sessions this major pair continued trading in a bearish mood reaching a new low at 0.9237 level and we can consider this move as the end of the 5 wave (coloured blue). At the moment, the USD/CHF pair is developing corrective (4) wave (coloured green) and we are expecting to see the price around 0.9440 level soon. In accordance with our wave rules and taking into account that the wave 4 should retrace 100% of the wave 2, we can define the potential targets with measuring 2 wave, with Take Profit at 0.9442 (100% of wave 2). To reduce the risk, we can use invalidation at 0.9238 level as Stop Loss. Support and Resistance (S3) 0.9170 (S2) 0.9215 (S1) 0.9243 (PP) 0.9288 (R1) 0.9333 (R2) 0.9361 (R3) 0.9406 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9300 with Stop Loss 0.9238 and Take Profit at 0.9442 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 19, 2012 Author Share Posted September 19, 2012 AUD/CAD Elliott Wave For the last few days the AUD/CAD pair was trading in a downward move, developing corrective A wave (coloured blue) of the bigger wave (2) (coloured green). Yesterday during the European session, we could observe a strong descending movement from 1.0193 towards the 1.0152 level and we can consider this move as the end of the first corrective A wave. Therefore, during the early New York session, the AUD/CAD pair did not manage to hold this level and the price retraced back to 1.0185 level when developing of the B wave starts. At the moment, this currency pair is trading around 1.0180 level and we are expecting to see the price around 1.0100 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 1 wave, with Take Profit 1 at 1.0137 (61.8% of wave 1) and Take Profit 2 at 1.0100 (78.6% of wave 1). To reduce the risk, we can use resistance at 1.0250 level as Stop Loss. Support and Resistance (S3) 1.0127 (S2) 1.0149 (S1) 1.0163 (PP) 1.0186 (R1) 1.0208 (R2) 1.0222 (R3) 1.0245 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0230 with Stop Loss 1.0250 ,Take Profit 1 at 1.0137 and Take Profit 2 at 1.0100 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 19, 2012 Author Share Posted September 19, 2012 EUR/USD Elliott Wave Since our last analysis the EUR/USD pair was trading in downward move, developing corrective (4) wave (coloured green) of the bigger (5) wave (coloured orange). During the Asian and European sessions, we could observe a descending move from 1.3118 towards the 1.3040 level. Therefore, during the New York session, this major pair continued trading in a bearish mood reaching a new daily low at 1.3029 level and we can consider this move as the end of the corrective (4) wave (coloured green). At the moment, the EUR/USD pair started developing final (5) wave and we are expecting to see price around 1.3205 level soon. 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 1 wave, with Take Profit 1 at 1.3207 (100% of wave 1) and Take Profit 2 at 1.3317 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.2936 level as Stop Loss. Support and Resistance (S3) 1.2974 (S2) 1.3009 (S1) 1.3031 (PP) 1.3065 (R1) 1.3100 (R2) 1.3122 (R3) 1.3156 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1.3090 with Stop Loss 1.2936 ,Take Profit at 1.3207 and Take Profit 2 at 1.3317 are recommended. Quote Link to comment Share on other sites More sharing options...
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