NDelic Posted September 21, 2012 Author Share Posted September 21, 2012 USD/CHF Elliott Wave For the last few days the USD/CHF pair was trading in a sideways move, developing corrective (4) wave (coloured green) of the bigger (A) wave (coloured orange). During yesterday’s Asian session we could observe a descending movement towards the 0.9257 level. Therefore, during the early European session this major pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9306 level. During the New York session price retrace back to 0.9260 level before we could observe continuation of the European bullish mood. At the moment the USD/CHF pair is trading around 0.9335 level and we are expecting to see price around 0.9442 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 1 at 0.9442 (100% of wave 2). To reduce the risk, we can use invalidation at 0.9238 level as Stop Loss. Also it is necessary to monitor the U.S. Unemployment Claims, Flash Manufacturing PMI, FOMC Member Lockhart Speaks, Philly Fed Manufacturing Index data as it can change the rate of the pair. Support and Resistance (S3) 0.9231 (S2) 0.9249 (S1) 0.9261 (PP) 0.9280 (R1) 0.9298 (R2) 0.9310 (R3) 0.9329 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9340 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 21, 2012 Author Share Posted September 21, 2012 EUR/JPY Elliott Wave For the last few days the EUR/JPY pair was trading in a downward channel, developing corrective wave A (coloured blue) of the bigger wave (4) (coloured green). Yesterday during the Asian and European sessions, we could observe a descending movement from 102.38 towards the 100.93 level and we can consider this move as the end of the impulsive (3) wave (coloured purple) of the bigger A wave (coloured blue). Therefore, during the New York session, the EUR/JPY pair started pushing higher when development of the corrective (4) wave (coloured purple) start. At the moment, the EUR/JPY pair is trading around 102.10 level and we are expecting to see price lower today. 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 100.64 (100% of wave 1). To reduce the risk, we can use invalidation at 102.40 level as Stop Loss. Also it is necessary to monitor the EUR Belgium NBB Business Climate data that can change the rate of the pair. Support and Resistance (S3) 100.13 (S2) 100.69 (S1) 101.03 (PP) 101.59 (R1) 102.15 (R2) 102.49 (R3) 103.05 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 101.80 with Stop Loss 102.40 and Take Profit at 100.64 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 21, 2012 Author Share Posted September 21, 2012 AUD/CAD Elliott Wave Since our last analysis, the AUD/CAD pair was trading in a upward move, developing corrective wave B (coloured blue) of the bigger (2) wave (coloured green). Yesterday during the early Asian session, we could observe a strong descending movement from 1.0210 towards the 1.0156 level. Therefore, during the European and New York sessions, the AUD/CAD pair did not manage to hold this level and the price retrace back to 1.0200. Today this currency pair continued trading in a bullish mood reaching 1.0240 level and we can consider this move as the end of the corrective B wave (coloured blue). 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 A wave, with Take Profit at 1.0128 (100% of wave A). To reduce the risk, we can use resistance at 1.0250 level as Stop Loss. Also it is necessary to monitor the CAD Core CPI m/m, CPI m/m, Wholesale Sales m/m data that can change the rate of the pair. Support and Resistance (S3) 1.0131 (S2) 1.0153 (S1) 1.0167 (PP) 1.0189 (R1) 1.0211 (R2) 1.0225 (R3) 1.0247 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0220 with Stop Loss 1.0250 and Take Profit at 1.0128 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 24, 2012 Author Share Posted September 24, 2012 AUD/USD Elliott Wave Last week the AUD/USD pair was trading in a downward move, developing impulsive wave (1) (coloured green) of the bigger © wave (coloured orange). During the Friday's Asian and European sessions, we could observe ascending movement from 1.0427 towards the 1.0518 and we can consider this move as the end of the (2) corrective wave (coloured green). Therefore, during the early New York session, the AUD/USD pair did not manage to hold this level and the price retrace back to 1.0440 level when development of the (3) wave starts. Today this major pair continued trading in a bearish mood and we are expecting to see the price lower this week. 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 Fibonacci Extensions (1.0624-1.0367-1.0518), with Take Profit at 1.0152(161.8% of wave 1). To reduce the risk, we can use resistance at 1.0519 level as Stop Loss. Also it is necessary to monitor the U.S. FOMC Member Williams Speaks and AUD RBA Financial Stability Review data that can change the rate of the pair. Support and Resistance (S3) 1.0370 (S2) 1.0406 (S1) 1.0428 (PP) 1.0465 (R1) 1.0501 (R2) 1.0523 (R3) 1.0560 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0380 with Stop Loss 1.0519 and Take Profit at 1.0152 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 24, 2012 Author Share Posted September 24, 2012 AUD/CAD Elliott Wave Since our last analysis, the AUD/CAD pair was trading in a upward move, developing corrective B wave (coloured blue) of the bigger wave (2) (coloured green). During the Friday's European session, we could observe an ascending move from 1.0188 towards the 1.0245 level and we can consider this move as the end of the B wave (coloured blue). Therefore, during the New York session, the AUD/CAD pair started pushing lower reaching 1.0193 level. At the moment, this currency pair is trading around 1.0200 level and we are expecting to see the price at 1.0130 today. 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 Fibonacci Extensions (1.0268-1.0152-1.0245), with Take Profit at 1.0128 (100% of wave A). To reduce the risk, we can use resistance at 1.0245 level as Stop Loss. Also it is necessary to monitor the AUD RBA Financial Stability Review data that can change the rate of the pair. Support and Resistance (S3) 1.0143 (S2) 1.0169 (S1) 1.0185 (PP) 1.0212 (R1) 1.0238 (R2) 1.0254 (R3) 1.0281 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0180 with Stop Loss 1.0245 and Take Profit at 1.0128 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 27, 2012 Author Share Posted September 27, 2012 AUD/CAD Elliott Wave For the last few days the AUD/CAD pair was trading in a downward move, developing corrective C wave (coloured blue) of the bigger wave (2) (coloured green). Yesterday during the European session, we could observe an ascending movement from 1.0190 towards the 1.0229 level. Therefore, during the early New York session the AUD/CAD did not manage to hold this level and price started pushing lower reaching a new daily low at 1.0175 level. At the moment, this currency pair is trading around 1.0160 level and we are expecting to see price around 1.0100 level soon. In accordance with our wave rules and taking into account that the wave 2 should retrace 78.6% of the wave 1, we can define the potential targets with Fibonacci Retracement (1.0050-1.0268), with Take Profit 1 at 1.0100 (78.6% of wave 1). To reduce the risk, we can use resistance at 1.0185 level as Stop Loss. Support and Resistance (S3) 1.0145 (S2) 1.0166 (S1) 1.0179 (PP) 1.0200 (R1) 1.0221 (R2) 1.0234 (R3) 1.0255 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0150 with Stop Loss 1.0185 and Take Profit at 1.0100 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 28, 2012 Author Share Posted September 28, 2012 USD/CHF Elliott Wave Since our last analysis, the USD/CHF pair was trading in a upward move developing corrective (4) wave (coloured green) of the bigger wave (A) (coloured orange). Yesterday during the European and first half of the New York sessions, we could observe an ascending movement from 0.9736 towards the 0.9417 level and we can consider this move as the end of the wave (4). Therefore, during the second half of the NY session this major pair did not manage to hold this level and the price started pushing lower when development of the final (5) wave (coloured green) started. At the moment, the USD/CHF pair is trading around 0.9400 level and we are expecting to see the price at 0.9140 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 wave 1, with Take Profit at 0.9140 (100% of wave 1). To reduce the risk, we can use invalidation at 0.9500 level as Stop Loss. Also it is necessary to monitor U.S. Core Durable Goods Orders m/m, Unemployment Claims, Durable Goods Orders m/m, Final GDP q/q and Pending Home Sales m/m data that can change the rate of the pair. Support and Resistance (S3) 0.9343 (S2) 0.9362 (S1) 0.9374 (PP) 0.9393 (R1) 0.9412 (R2) 0.9424 (R3) 0.9443 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9380 with Stop Loss 0.9500 and Take Profit at 0.9140 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted September 28, 2012 Author Share Posted September 28, 2012 NZD/USD Elliott Wave For the last few days the NZD/USD pair was trading in a downward move, developing corrective wave © (coloured orange) of the bigger wave 2 (coloured purple). Yesterday during the European session, we could observe a descending movement towards the 0.8183 level and we can consider this move as the end of the wave 2 (coloured purple). Therefore, during the early New York session, we could observe a strong bullish mood that bring price to the new daily high at 0.8247 level when developing of the wave (1) (coloured green) starts. At the moment, the NZD/USD pair is trading around 0.9270 level and we are expecting to see the price lower when wave (1) finish 5 smaller waves. 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 Retracement (0.8183-0.8280), with Take Profit at 0.8220 (161.8% of wave 1). To reduce the risk, we can use resistance at 0.8300 level as Stop Loss. Also it is necessary to monitor NZD NBNZ Business Confidence and U.S. Core Durable Goods Orders m/m, Unemployment Claims, Durable Goods Orders m/m, Final GDP q/q, Pending Home Sales m/m data that can change the rate of the pair. Support and Resistance (S3) 0.8160 (S2) 0.8185 (S1) 0.8200 (PP) 0.8224 (R1) 0.8249 (R2) 0.8264 (R3) 0.8288 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.8265 with Stop Loss 0.8300 and Take Profit at 0.8220 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 2, 2012 Author Share Posted October 2, 2012 AUD/USD Elliott Wave For the last few days the AUD/USD pair was trading in a downward move, developing impulsive wave 3 (coloured blue) of the bigger wave (3) (coloured green). During the Friday's Asian session we could observe ascending move towards the 1.0473 level and we can consider this move as end of the corrective wave 2 (coloured blue). Therefore, during the European and New York sessions the AUD/USD pair did not manage to hold this level and the price started pushing lower reaching a new daily low at 1.0365 level. Today during the early Asian session this currency pair continued trading in a bearish mood reaching a 1.0325 level and we can consider this move as an end of the impulsive wave (1) (coloured purple) of the bigger wave 3 (coloured blue). 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 Fibonacci Extensions (1.0473-1.0325-1.0400), with Take Profit at 1.0185 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.0474 level as Stop Loss. Also it is necessary to monitor U.S. ISM Manufacturing PMI and Fed Chairman Bernanke Speaks data that can change the rate of the pair. Support and Resistance (S3) 1.0298 (S2) 1.0339 (S1) 1.0365 (PP) 1.0406 (R1) 1.0447 (R2) 1.0473 (R3) 1.0514 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0400 with Stop Loss 1.0474 and Take Profit at 1.0185 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 2, 2012 Author Share Posted October 2, 2012 USD/CAD Elliott Wave Last Week the USD/CAD pair finished developing of the corrective wave 4 (coloured purple) and we could observe downward movement at the end of the week when developing of the final impulsive 5 wave starts. During Friday's Asian and European sessions we could observe a descending movement from 0.9810 towards the 0.9780 level and we can consider this move as end of the (1) wave (coloured orange) of the bigger 5 wave (coloured purple). Therefore, during the early New York session the USD/CAD pair did not manage to hold this level and the price started pushing higher reaching a new daily high at 0.9851 level. Today this major pair finished developing of the (2) corrective wave (coloured orange) at 0.9853 level and we are expecting to see the price lower for the next few days. 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 Fibonacci Extensions (0.9860-0.9780-0.9853), with Take Profit 1 at 0.9727 (161.8% of wave 1), and Take Profit 2 0.9697 (200% of wave 1). To reduce the risk, we can use invalidation at 0.9860 level as Stop Loss. Also it is necessary to monitor CAD RMPI m/m and U.S. ISM Manufacturing PMI, Fed Chairman Bernanke Speaks data that can change the rate of the pair. Support and Resistance (S3) 0.9751 (S2) 0.9778 (S1) 0.9794 (PP) 0.9821 (R1) 0.9848 (R2) 0.9864 (R3) 0.9891 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9810 with Stop Loss 0.9860, Take Profit 1 at 0.9727, and Take Profit 2 at 0.9697 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 4, 2012 Author Share Posted October 4, 2012 AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair was trading in a downward move, developing impulsive (3) wave (coloured purple) of the bigger wave 3 (coloured blue). Yesterday during the Asian and European sessions we could observe descending movement towards the 1.0200 level. Therefore, during the early New York session this currency pair did not manage to hold this level and price started trading in a sideways move in area between 1.0200 and 1.0235 level. Today during the Asian session AUD/USD reached 1.0182 level and we can consider this move as the end of the wave (3). 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 1.0115 (100% of wave 1) and Take Profit 2 at 1.0023 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0300 level as Stop Loss. Also it is necessary to monitor AUD Building Approvals m/m, Retail Sales m/m, and U.S. Unemployment Claims, Factory Orders m/m, FOMC Meeting Minutes data that can change the rate of the pair. Support and Resistance (S3) 1.0156 (S2) 1.0183 (S1) 1.0200 (PP) 1.0227 (R1) 1.0254 (R2) 1.0271 (R3) 1.0298 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0260 with Stop Loss 1.0300, Take Profit at 1.0115, and Take Profit 2 at 1.0023 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 4, 2012 Author Share Posted October 4, 2012 USD/CHF Elliott Wave For the last few days the USD/CHF pair was trading in a sideways move, developing corrective wave (4) (coloured green) of the bigger wave (A) (coloured orange). Yesterday during the early European session we could observe descending movement from 0.9398 towards the 0.9354 level. Therefore, during the New York session this major pair did not manage to hold this level and price retrace back to 0.9392 level. At the moment the USD/CHF pair is trading around 0.9370 level and we are expecting to see price around 0.9160 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 wave 1, with Take Profit at 0.9161(100% of wave 1), and Take Profit 2 at 0.8990 (161.8% of wave 1). To reduce the risk, we can use resistance at 0.9490 level as Stop Loss. Also it is necessary to monitor U.S. Unemployment Claims, Factory Orders m/m, and FOMC Meeting Minutes data that can change the rate of the pair. Support and Resistance (S3) 0.9328 (S2) 0.9347 (S1) 0.9358 (PP) 0.9377 (R1) 0.9396 (R2) 0.9407 (R3) 0.9426 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9355 with Stop Loss 0.9490, Take Profit at 0.9161, and Take Profit 2 at 0.8990 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 9, 2012 Author Share Posted October 9, 2012 AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair was trading in an upward move, like we expected, developing corrective wave 4 (coloured blue) of the bigger wave (3) (coloured green). Yesterday during the Asian and European sessions, we could observe a strong ascending movement towards the 1.0190 level. Therefore, during yesterday's New York and today's Asian sessions, the AUD/USD pair continued trading in a bullish mood reaching a new 2-day high at 1.0246 level and we can consider this move as the end of the corrective 4 wave (coloured blue). At the moment this currency pair is trading around 1.0210 level and we are expecting to see the price around 1.0068 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 wave 1, with Take Profit at 1.0068(100% of wave 1) . To reduce the risk, we can use invalidation at 1.0247 level as Stop Loss. Also it is necessary to monitor AUD NAB Business Confidence and RBA Deputy Gov Lowe Speaks data that can change the rate of the pair Support and Resistance (S3) 1.0115 (S2) 1.0142 (S1) 1.0159 (PP) 1.0186 (R1) 1.0213 (R2) 1.0230 (R3) 1.0257 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 1.0190 with Stop Loss 1.0247 and Take Profit at 1.0068 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 9, 2012 Author Share Posted October 9, 2012 USD/CAD Elliott Wave Yesterday the USD/CAD pair was trading in a downward move, developing corrective wave ( (coloured green) of the bigger wave (2) (coloured orange). During the Asian and European sessions, we could observe an ascending movement from 0.9770 towards the 0.9800 level and we can consider this move as the end of the flat wave (a) (coloured green). Therefore, during the New York session, the USD/CAD pair did not manage to hold this level and the price started puching lower when development of the ( wave began. Today during the early New York session, this major pair reached a new daily low at 0.9745 level and we can consider this move as the end of the ( wave (coloured green). For today we are expecting to see the upward move to 0.9810 level where we expect to see the end of the final © wave. In accordance with our wave rules and taking into account that the wave C should retrace 161.8% of the wave A, we can define the potential targets with measuring wave A, with Take Profit at 0.9810 (100% of wave A) and Take Profit 2 at 0.9850 (161.8% of wave A) . To reduce the risk, we can use invalidation at 0.9746 level as Stop Loss. Also it is necessary to monitor CAD Housing Starts and U.S. IBD/TIPP Economic Optimism data that can change the rate of the pair. Support and Resistance (S3) 0.9724 (S2) 0.9743 (S1) 0.9755 (PP) 0.9773 (R1) 0.9792 (R2) 0.9804 (R3) 0.9822 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 0.9746, Take Profit at 0.9810 and Take Profit 2 at 0.9850 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 11, 2012 Author Share Posted October 11, 2012 AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in an upward move, developing corrective wave (y) (coloured purple) of the bigger wave 4 (coloured blue). During the Asian and European sessions we could observe aggressive ascending movement from 1.0183 towards 1.0262 level. Therefore, during the New York session the AUD/USD pair started pushing lower and price retrace back to 1.0210 level. This currency pair is trading around 1.0275 level at the moment and we are expecting to see price lower when developing of the final impulsive 5 wave (coloured blue) starts. 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 1.0108 (100% of wave 1). To reduce the risk, we can use invalidation at 1.0340 level as Stop Loss. Also it is necessary to monitor AUD Employment Change, Unemployment Rate, MI Inflation Expectations and U.S. Trade Balance, Unemployment Claims, Import Prices m/m, FOMC Member Stein Speaks, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 1.0146 (S2) 1.0177 (S1) 1.0177 (PP) 1.0226 (R1) 1.0257 (R2) 1.0276 (R3) 1.0306 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0260 with Stop Loss 1.0340 and Take Profit at 1.0108 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 11, 2012 Author Share Posted October 11, 2012 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in an upward move, developing final (Y) wave (coloured green) of the bigger wave (2) (coloured orange). Yesterday during the Asian and European sessions we could observe descending movement from 0.9797 towards 0.9768 level. Therefore, during the New York session the USD/CAD pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9817 level. This major pair is developing impulsive (3) wave (coloured orange) at the moment and we are expecting to see price around 0.9593 level 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 0.9645 (127.2% of wave 1) and Take Profit 2 at 0.9593 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9835 level as Stop Loss. Also it is necessary to monitor U.S. Trade Balance, Unemployment Claims, Import Prices m/m, FOMC Member Stein Speaks, Crude Oil Inventories and CAD Trade Balance, and NHPI m/m data that can change the rate of the pair. Support and Resistance (S3) 0.9752 (S2) 0.9770 (S1) 0.9782 (PP) 0.9800 (R1) 0.9818 (R2) 0.9830 (R3) 0.9848 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9790 with Stop Loss 0.9835, Take Profit at 0.9645, and Take Profit 2 at 0.9593 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 16, 2012 Author Share Posted October 16, 2012 USD/CAD Elliott Wave Last week the USD/CAD pair was trading in a downward move, developing impulsive wave (3) (coloured orange) of the bigger wave 5 (coloured purple). During the Friday's Asian and European sessions we could observe descending movement toward the 0.9767 level. Therefore, during the early New York session the USD/CAD pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9808 level. Today during the Asian session this major currency finished developing of the corrective (2) wave (coloured green) at 0.9810 level and price started pushing lower. 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 Fibonacci Extensions (0.9834-0.9762-0.9799), with Take Profit at 0.9695 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9835 level as Stop Loss. Also it is necessary to monitor U.S. Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m, FOMC Member Lacker Speaks and CAD BOC Business Outlook Survey, and BOC Gov Carney Speaks data that can change the rate of the pair. Support and Resistance (S3) 0.9750 (S2) 0.9766 (S1) 0.9775 (PP) 0.9790 (R1) 0.9806 (R2) 0.9815 (R3) 0.9830 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9780 with Stop Loss 0.9835 and Take Profit at 0.9695 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 16, 2012 Author Share Posted October 16, 2012 AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in a downward move, developing impulsive (3) wave (coloured purple) of the bigger wave 5 (coloured blue). During the Friday's Asian and early European sessions we could observe ascending movement from 1.0247 toward the 1.0289 level. Therefore, during the late European and New York sessions the AUD/USD pair did not manage to hold this level and price started pushing lower reaching a new low at 1.0216 level. At the moment this currency pair is trading around 1.0235 level and we are expecting to see price lower in the next few days. 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 1.0004 (161.8 of wave 1). To reduce the risk, we can use invalidation at 1.0293 level as Stop Loss. Also it is necessary to monitor AUD Home Loans m/m, New Motor Vehicle Sales m/m, U.S. Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m, and FOMC Member Lacker Speaks data that can change the rate of the pair. Support and Resistance (S3) 1.0172 (S2) 1.0200 (S1) 1.0217 (PP) 1.0245 (R1) 1.0273 (R2) 1.0290 (R3) 1.0318 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0220 with Stop Loss 1.0293 and Take Profit at 1.0004 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 17, 2012 Author Share Posted October 17, 2012 USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in an upward move, corrective wave (y) (coloured green) of the bigger wave (2) (coloured orange) is developing. Yesterday, during the European and New York sessions we could observe strong ascending movement from 0.98001 towards the 0.9877 level and we can consider this move as the end of the (2) wave (coloured orange). Therefore, during the second half of the NY and today's Asian session the USD/CAD pair started pushing lower when developing of the impulsive wave (3) starts. We are expecting to see this major currency reaching 0.9730 level in the next few days. 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 0.9730 (100% of wave 1) and Take Profit 2 at 0.9637 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9884 level as Stop Loss. Also it is necessary to monitor U.S. Building Permits, Housing Starts, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 0.9771 (S2) 0.9801 (S1) 0.9819 (PP) 0.9848 (R1) 0.9878 (R2) 0.9896 (R3) 0.9925 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9850 with Stop Loss 0.9884, Take Profit 1 at 0.9730 and Take Profit 2 at 0.9637 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 17, 2012 Author Share Posted October 17, 2012 GOLD Elliott Wave Since our last analysis gold was trading in an upward move, corrective 4 wave (coloured blue) of the bigger wave © (coloured green) is developing. Yesterday during the Asian and European sessions we could observe ascending movement from 1734.06 towards the level of 1.743.45. Therefore, during the New York session gold continued trading in a bullish mood and price reached a new daily high at 1747.39 level. Today this commodity finishes development of the 4 wave at 1752.72 level. Now we are expecting to see price under 1728.50 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 4, we can define the potential targets with measuring wave 4 with Take Profit at 1728.57 (100% of wave 4). To reduce the risk, we can use invalidation at 1757.05 level as Stop Loss. Also it is necessary to monitor U.S. Building Permits, Housing Starts, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 1727.1 (S2) 1731.6 (S1) 1740.6 (PP) 1745.1 (R1) 1754.1 (R2) 1758.6 (R3) 1767.6 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1744.60 with Stop Loss 1757.05 and Take Profit at 1728.57 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 21, 2012 Author Share Posted October 21, 2012 GOLD Elliott Wave Since our last analysis gold was trading in a downward move like we expected, final 5 wave (coloured blue) of the bigger wave © (coloured green) is developing. During the yesterday’s Asian and European sessions we could observe strong descending movement from 1751.37 towards the 1737.38 level. Therefore, during the early New York session gold did not manage to hold this level and price retraced back to 1745.50 level. Today this commodity continued trading in a bearish mood and we are expecting to see price at 1713.34 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 4, we can define the potential targets with measuring wave 4 with Take Profit at 1728.57 (100% of wave 4) and Take Profit 2 at 1713.34 (161.8% of wave 4). To reduce the risk, we can use resistance at 1739.36 level as Stop Loss. Also it is necessary to monitor U.S. Existing Home Sales data that can change the rate of the pair. Support and Resistance (S3) 1722.3 (S2) 1730.6 (S1) 1736.7 (PP) 1745.0 (R1) 1751.1 (R2) 1759.4 (R3) 1765.5 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1733.70 with Stop Loss 1739.36, Take Profit at 1728.57, and Take Profit 2 at 1713.34 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 21, 2012 Author Share Posted October 21, 2012 USD/CAD Elliott Wave Yesterday the USD/CAD pair was trading in aт upward move like we expected, corrective wave (2) (coloured green) of the bigger wave (3) (coloured orange) is developing. During the Asian and European sessions we could observe ascending movement from 0.9763 towards the 0.9804 level. Therefore, during the New York session the USD/CAD pair continued trading in a bullish mood and price reached a new daily high at 0.9858 level. At the moment this major pair is trading around 0.9855 level and we are expecting to see price lower when development of the (3) wave (coloured green) starts. 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 0.9745 (100% of wave 1) and Take Profit 2 at 0.9674 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9879 level as Stop Loss. Also it is necessary to monitor CAD Core CPI m/m, CPI m/m, and U.S. Existing Home Sales data that can change the rate of the pair. Support and Resistance (S3) 0.9730 (S2) 0.9766 (S1) 0.9789 (PP) 0.9825 (R1) 0.9861 (R2) 0.9884 (R3) 0.9920 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9845 with Stop Loss 0.9879, Take Profit 1 at 0.9745, and Take Profit 2 at 0.9674 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 24, 2012 Author Share Posted October 24, 2012 GOLD Elliott Wave Since our last analysis Gold was trading in an upward move like we expected, impulsive wave 1 (coloured blue) of the bigger wave (1) (coloured green) is developing. Yesterday during the Asian and European sessions we could observe ascending movement towards the 1,726.89 level. Therefore, during the New York session this commodity continued trading in a bullish mood and price reached a new daily high at 1,728.60 level. Today Gold finished development of the 1 wave (coloured blue) at 1,729.42 level and price started pushing lower for corrective 2 wave (coloured blue). Gold is trading around 1,717.70 level at the moment and we expect to see price around 1,752.15 level when development of 3 wave starts. 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 1,752.15 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1,713.71 level as Stop Loss. Support and Resistance (S3) 1703.2 (S2) 1708.8 (S1) 1719.6 (PP) 1725.2 (R1) 1736.0 (R2) 1741.6 (R3) 1752.4 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,721.37 with Stop Loss 1,713.71 and Take Profit at 1,752.15 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 24, 2012 Author Share Posted October 24, 2012 EUR/AUD Elliott Wave For the last few days the EUR/AUD pair was trading in an upward move, corrective wave (2) (coloured green) of the bigger wave © (coloured orange) is developing. Yesterday during the Asian and European sessions we could observe strong ascending movement from 1.2621 towards the 1.2667 level. Therefore, during the early New York session the EUR/AUD pair continued trading in a bullish mood reaching a new high at 1.2673 level. We can consider this move as the end of the corrective wave (2) (coloured green). This currency pair is trading around 1.2650 level at the moment and we are expecting to see price lower 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 1.2458 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.2675 level as Stop Loss. Support and Resistance (S3) 1.2588 (S2) 1.2610 (S1) 1.2623 (PP) 1.2644 (R1) 1.2666 (R2) 1.2679 (R3) 1.2700 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2645 with Stop Loss 1.2675 and Take Profit at 1.2458 are recommended. Quote Link to comment Share on other sites More sharing options...
NDelic Posted October 29, 2012 Author Share Posted October 29, 2012 Gold Elliott Wave Last week gold was trading in a downward move, corrective wave © (coloured green) of the bigger wave (4) (coloured orange) was developing. During the Friday's Asian session we could observe strong descending movement from 1,714.10 towards the 1,700.10 level and we can consider this move as the end of the wave (2) (coloured green). Therefore, when development of the impulsive (3) wave (coloured green) starts, this commodity retraces back to 1,717.80 level. Gold is trading around 1,711.10 level at the moment and we are expecting to see price higher 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 1 at 1,737.01 (161.8% of wave 1) and take profit 2 at 1,753.74 (261.8% of wave 1). To reduce the risk, we can use invalidation at 1,698.74 level as stop loss. Support and Resistance (S3) 1,683.7 (S2) 1,692.6 (S1) 1,702.2 (PP) 1,711.1 (R1) 1,720.7 (R2) 1,729.6 (R3) 1,739.2 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0355 with stop loss 1.0410 and take profit at 1.0209 are recommended. Quote Link to comment Share on other sites More sharing options...
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