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NZDUSD Is Looking For More Downside


Jan 03 2013

Commodity currencies are very weak after the FOMC meeting minutes, with NZD down against both other major commodity currencies CAD and AUD while USD is currently up against all of them. I have here 4h NZDUSD chart where price action is pointing lower, towards December lows after previous five wave fall in A), followed by a sharp but still possibly corrective rise to 61.8% retracament area. Intra-day weakness just slowed down at double channel lines; would love to see a break here to confirm a bearish view and discover some short entries.

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Dec 24 2012

Dear Trader,

2012 was very interesting year for the markets with a lot of important swings and trend changes. Our forecasts were mostly right, and we will do our best to repeat this in 2013.

Officially our services will now be closed for a holiday break, but if you want to join and start a new journey with us in 2013, then now it’s right opportunity for you to sign up through the special offer 2 for 1.

For the year end we decided to give you a free access to our latest video analysis on AUDUSD, USDCAD and GOLD.

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EURUSD: Sharp Uptrend May Extend To 1.3500-Elliott Wave


Dec 19 2012

EURUSD is trading significantly higher and very sharply from 1.2870 wave 2) low which we think its wave 3) of a larger five wave rally. Notice that price is already testing base channel resistance line where decisive break should cause acceleration even to 1.3500 in weeks ahead. Any larger and deeper pull-backs should find the support around 1.3100/50 zone.

Crude Oil: Bearish For $82.50


Dec 11 2012

We suspect that oil prices will make a new low in this week, after only three waves of recovery from 84.00 to 90 area. Market also made a sharp bearish reversal towards the support channel line which supports the idea that recovery was corrective and that wave B) is finished. As such, traders should be aware of a wave C) extensions down to 82.50 area in coming days. However, this wave C) is part of wave (E) which is final leg of a wave B triangle, so after that new low we will keep an eye on evidences of a bullish price action.

EURUSD: Larger Trend Is Up


Dec 09 2012

Decline from 1.3170 down to 1.2660 is a three wave move. A three wave patterns are corrective waves, part of a larger trend which is clearly bullish from 1.2030. Therefore we believe that EURUSD will continue higher, ideally into wave (C) five wave rally after 1.3170 break which we think it will happen in the next few weeks while 1.2660 holds. If we are correct, then reversal seen last week from above 1.31 is only wave 2) pull-back.

If from any reason 1.2660 would be breached then wave (B) would become even more complex than firstly thought, but still as a part of an uptrend.

EURUSD: Pair May Extent To 1.3100


Nov 30 2012

EURUSD reversed lower from 1.3000 psychological at the start of the week and then perfectly reversed higher again from base channel that became a support. That was ideal scenario for a current push higher into a wave (v) which may still rise towards 1.3090 while 1.2945 holds. However, keep in mind that five wave rally in wave 3 could be near completion and that we will probably be tracking a larger three waves of a pull-back next week.

Where Are Markets Headed Next?


Nov 24 2012

Despite a low volume on a holiday-shortened session the US stock markets rallied sharply on Black Friday and closed in green more than 1%. The USD moved sharply to the downside and it seems that this is just a start of something bigger. The interesting is that reversal in USD trend from bullish to bearish mode has already been expected on November 16th when USD Index completed its ending diagonal pattern at 81.46.

What is ending diagonal?

We spotted this pattern on USD Index and EURUSD and immediately prepared our clients on scenarios for USD weakness.

USD Index 4h

But pattern on USD index was not the only one that was pointing for trend reversal in global markets. In fact two weeks back Gold already made five waves up from the lows, while the S&P500 was at interesting support around 1340. And when we saw a reaction higher on S&P500 from that level we were even more confident that USD will fall. And here we are today, EURUSD close to 1.3000, Gold at 1750 and S&P500 above 1400.

If you want to see big picture for these market please check our video from Nov 13th. You will find out where we think the markets are headed next.

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