Forex Signals - Free Forex Trading Forecasts and Signals » Analysis

The Daily Wave Analysis

admin — Tue, 06 Jul 2010 09:40:22 +0000

The situation practically has not changed. Wave formation [iii] of A presumably comes to the end. For its end the price needed to generate a wave [5] of v of (v). If the assumption is true, it is possible to count on one more throw of pair downwards then the View full post on Technical Analysis

EUR/JPY Candlesticks and Ichimoku Analysis

admin — Fri, 02 Jul 2010 07:53:29 +0000

Although the single currency fell marginally to 107.30 earlier this week, as the single currency has rebounded, a potential ‘morning star’ pattern showed on the daily chart and if another white candlestick is formed today, this would add credence to this bullish pattern and suggest a temporary low has possibly been formed, then retracement to the Kijun-Sen (now at 110.74) would be seen.

View full post on Forex Trading Ideas

AUD/USD Elliott Wave Analysis

admin — Wed, 30 Jun 2010 12:09:53 +0000

Aussie’s anticipated retreat from 0.8860 (we entered short at 0.8800) adds credence to our view that the rebound from 0.8066 is the wave 2 of wave (C) and bearishness remains for further decline to 0.8369 (61.8% Fibonacci retracement of 0.8066 to 0.8860), however, a daily close below there is needed to signal wave 2 is over, then fall to 0.8200 would follow.

View full post on Forex Trading Ideas

EUR/USD Elliott Wave Analysis

admin — Mon, 28 Jun 2010 11:18:50 +0000

Despite retreating from 1.2490 to 1.2209, as the single currency found support there and has rebounded, retaining our mildly bullish view that wave (v) has possibly ended at 1.1876 and further gain to 1.2570 (38.2% Fibonacci retracement of 1.3692 to 1.1876) would be seen, however, this A leg of the correction should be limited to 1.2673 and 1.2784 (50% Fibonacci retracement) should hold.

View full post on Forex Trading Ideas

EUR/GBP Elliott Wave Analysis

admin — Wed, 23 Jun 2010 11:25:55 +0000

As the single currency has fallen again after meeting renewed selling at 0.8382 last week, adding credence to our bearish count that the wave (B) from 0.8400 has ended at 0.9413 earlier and wave (C) is now in progress with 1: 0.8603, 2: 0.9150 and wave 3 already met indicated downside projection target at 0.8230 (38.2% Fibonacci retracement of 0.5682 to 0.9805) earlier and further weakness towards 0.8149 (1.236 times projection of wave 1) would be seen.

View full post on Forex Trading Ideas

USD/CHF Candlesticks and Ichimoku Analysis

admin — Tue, 22 Jun 2010 08:16:31 +0000

On the daily chart, the greenback continued to fall last week and exceeded our indicated downside retracement target at 1.1235-45 (38.2% Fibonacci retracement of 1.0435 to 1.1730) and 1.1083 (50% Fibonacci retracement), dollar tumbled to as low as 1.0986 yesterday before recovering.

View full post on Forex Trading Ideas

USD/JPY Elliott Wave Analysis

admin — Mon, 21 Jun 2010 10:27:41 +0000

Although the retreat from 92.89 extended anticipated weakness to 89.95 (we indicated in our previous update that weakness to 90.00 would be seen) this morning, the quick rebound from there suggests further consolidation would be seen but above 92.12 resistance is needed to signal the retreat from 92.89 is over and then another bounce to this level would be seen

View full post on Forex Trading Ideas

EUR/GBP Candlesticks and Ichimoku Analysis

admin — Thu, 17 Jun 2010 08:34:00 +0000

Although the single currency fell marginally to 0.8210 last Friday (previous low as 0.8211), lack of follow through selling and the subsequent rebound from there suggest a temporary low has possibly been formed and as price has broken above the Tenkan-Sen, suggesting retracement of recent decline to 0.8428 (previous support) would be seen

View full post on Forex Trading Ideas

EUR/CAD Elliott Wave Analysis

admin — Wed, 16 Jun 2010 10:45:44 +0000

The single currency finally reached our indicated downside target at 1.2500 as price dropped to as low as 1.2451 last week, however, as price has rebounded from there, suggesting the wave iii of 3 has possibly formed a temporary low there and few weeks of consolidation is in store and above 1.2750 would add credence to this view and bring retracement to 1.2900 and then 1.3000 but reckon 1.3084 (61.8% Fibonacci retracement of 1.3475 to 1.2451) would hold from here.

View full post on Forex Trading Ideas

AUD/USD Candlesticks and Ichimoku Analysis

admin — Wed, 09 Jun 2010 06:45:46 +0000

Despite falling to 0.8089 yesterday, the Australian dollar did hold above indicated support at 0.8066 and has recovered, retaining our view that further consolidation within 0.8066-0.8552 range would be seen and recovery to the Tenkan-Sen (now at 0.8317) is likely, above would bring rebound to 0.8400 but resistance at 0.8552 should hold and bring another decline later.

View full post on Forex Trading Ideas