-
Sponsor
-
Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
-
Tag Cloud
Analysis AUD/USD business Currency currency trading Daily day trading Dollar EUR/GBP EUR/JPY EUR/USD Euro finance foreign exchange forex Forex Articles forex trading GBP/JPY GBPUSD Idea investing investment Level loans make money online Markets MidDay money online business Outlook Report Risk Sell Stocks stock trading Technical Trade trading Update USD/CAD USD/CHF USD/JPY Wave Weekly Wrapup
Wave Archive
-
EUR/USD in a Wave 5 Diagonal Triangle?
Posted on July 9, 2010 | No CommentsFollowing the EUR/USD as it rallies towards 1.2750 as posted in the previous update. The market is indeed rallyign towards 1.2740/50, however the momentum is slowing, as we see a lengthy bearish divergence forming. The pattern of the rally that started near 1.21 suggests an... -
The Daily Wave Analysis
Posted on July 6, 2010 | No CommentsThe 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... -
AUD/USD Elliott Wave Analysis
Posted on June 30, 2010 | No CommentsAussie’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... -
EUR/GBP: Accelerated Down Swing Reflects Wave 3
Posted on June 29, 2010 | No CommentsThe EUR/GBP continues to slide. In Friday’s weekly update, I mentioned that the bearish outlook was confirmed, and I was waiting for a short rally to 0.83 before further decline. The rally attempt was thwarted at 0.8275, and the market declined sharply ahead of the... -
EUR/USD Elliott Wave Analysis
Posted on June 28, 2010 | No CommentsDespite 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,... -
EUR/GBP Elliott Wave Analysis
Posted on June 23, 2010 | No CommentsAs 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... -
Elliott Wave Trade Ideas Performance Update
Posted on June 21, 2010 | No CommentsWe bought the single currency last week as we treated the low formed at 108.66 as the end of wave v, our long position was entered at 111.40 targeting for 113.40, however, price rose to as high as 113.32 last Wednesday, just 8 points away... -
USD/JPY Elliott Wave Analysis
Posted on June 21, 2010 | No CommentsAlthough 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... -
AUD/USD: Finishing Up Wave (c)
Posted on June 18, 2010 | No CommentsThe previous post was right, the bearish divergence was followed by a very weak decline and the last 4H candle signals another bullish attempt. This sets up a positive reversal, and points to just below 0.6750. This is now the target for this correction wave...