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USD Index Out Of Bearish Channel
February 13 2017
Last week market seen some dollar strength against other currencies, but the move is not that strong yet. However, USD index traveled out of a 30 day downward channel which could finally put the buck back into bullish mode, within a context of a strong uptrend on higher time frame charts. As such, we think that USD could outperform other majors this week, even some commodity currencies such as NZD, while AUD and CAD could actually act quite well if oil and metals will continue to rise.
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EURUSD and USDJPY Intraday Video Feb 07 2017
Bears On S&P500 Can Take Price To 2250
January 30 2016
We are again nominated for 2017 FOREX BEST AWARDS ON FXSTREET. if you like what we do then please vote for us "Best Buy-Side Analysis Contributor" it's Question 3, Answer 4. Thank you very much!
Stocks are moving sharply lower as Trump actions can lead to conflicts between US and some countries. We see market falling back to 2270 very aggressively from 2298 high that was triggered last week, following a completion of a triangle which was a few days earlier. We called that bullish move higher before it happened, but now we should also not be surprised by that turn since we know that trust out of a triangles are final within a higher degree patterns. In other words, we knew that upside is limited as we saw price in wave five, so current reversal lower is start of a deeper corrective set-back. Technically speaking, set-back should be made by minimum three waves lower; an A-B-C structure that can take us back to 2251, then you have 2237 from January 03 gap, and slightly lower is even more important 2228 swing. On the upside keep an eye on wave B which could bounce back to 2288 Sunday, January 29 gap.
S&P500 4h chart
Set Achievable Goals For 2017 & FlashBack Charts
December 23 2016
This will be my final video of the year. I wish you all all the best in 2017!
E-mini S&P500 At Resistance Ahead Of The FED
December 13 2016
If you are familiar with Elliott Wave patterns then you know that chart below suggests a turning point, at least short-term for a new 3-wave pullback. It's very interesting and exciting to see such structure ahead of the most important FED decision of the year.GH
Trade carefully, with lower leverage, or better not to trade at all, especially if you are up on your account for the year; just don't allow yourself to go down on account in last few weeks of the year.
E-mini S&P500 March 2017 contract-1h chart
German Dax Video Analysis
December 06 2016
Below I will walk you through my analysis on German DAX. Actually I will show you my approach to the markets; how I analyze markets and predict next possible leg in combination with trendlines.
Have a good day, Grega!
CAD Trade Depends On Oil
December 04 2016
We have seen a nice move up on oil last week, up more than 15% which was the biggest weekly gain since the 2011 following the OPEC deal to cut crude output. It was a nice move up, now towards $52 per barrel, which looks like an important technical level based on past price moves, but current move has momentum so resistance can be broken which may lift price to much higher levels, ideally towards $60 in weeks ahead. So if you trade oil directly through futures or cfd’s then you may want to keep an eye for short-term buying opportunities on pullbacks. But if you are more of an FX trader, then you will want look for CAD or NOK. Personally I have my eyes on the USDCAD for possible shorts on intraday pullbacks next week, as big recovery from 2016 lows can come to an end. It’s a clear three wave move that signals for a strong bearish reaction in the future. Well, some CAD crosses can be even more interesting if we consider that USD index still hold strong gains in an uptrend.
Have a good trading week,
USDJPY: Intraday Movement Indicates A Three Wave Retracement
November 21 2016
On the 1h chart of USDJPY we are observing a higher degree impulse taking place, that can be near completion at the start of this week, as all five needed waves can be counted from Nov 08 low. If that is the case, then we should be aware of a minimum three wave a-b-c set-back, ideally back to a support seen around the area of a former wave iv, at 108.52. Break beneath the lower channel line can put more bearish pressure in motion. Divergence also suggests that upside can be limited in the very near-term.
But don't get us wrong; generally speaking we are bullish USD, but observing few pairs and waiting on retracements to join the trend. For our taste current price of USDJPY is just too high to get long here.
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