New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 


Eur/Usd: Bullish Or Bearish?!

Top



June 27 2011

Despite some strong moves and quite high volume in recent weeks, Eur/Usd remains trapped in range between 1.4938 May highs and 1.3967 May lows. As such, direction of a trend on this pair remains unconfirmed, which however should unfold to the downside if we consider weakness on other markets, especially commodities which supports the US dollar.

In the next video we will describe the situation on Eur/usd, and why both bullish and bearish scenarios are still possible!



Do you like analysis you see here? Check our full service package here.  Price: just 45€ per month.

Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter



Eur/Cad Will Trade Lower

Top



June 22 2011

Euro reversing from its highs, as stocks found some sellers during the FOMC Press Conference. US dollar was mostly stronger, but Canadian dollar was acting quite well during this time. As such, we looked at some crosses, and Eur/Cad should be really interesting. We are expecting a rise of Canadian dollar against the Euro even if dollar rises against Euro and Canadian dollar at the same time.

Eur/Cad technical comments:
A bounce from June 2010 lows; exactly one year back, cannot be counted impulsively. So if its not impulse, then we know its corrective move, a double zig-zag pattern; W-X-Y as labelled on the chart! With this being said, we believe that Long-term trend is down, so long-term investors should look for shorts on that pair, rather than longs.

Eur/Cad Daily:


In fact, if we take a look on the next 4h chart, then we can see a five wave decline from 1.4378 highs, called an impulse where wave iii) is the longest, and waves iv) and i) do not overlap!. Elliott Wave theory says that impulsive waves shows direction of a temporary trend, which is down, and should continue, once corrective wave (ii) bounce from 1.3820 completes.

Generally speaking, pair should reach levels well below 1.382, while highs from early June are in place.

Eur/Cad 4h:


Do you like analysis you see here? Check our full service package here.  Price: just 45€ per month.

Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter

Euro Forming A Corrective Uptrend

Top


June 22 2011

Asian markets are higher today after Greece government passed yesterday its confidence vote. Despite Eur/Usd spike up to 1.4430 followed by a sharp reversal yesterday, pair remains in quite slow but still up-trending mode.

Well, from a little bit larger perspective we may see a higher dollar as Eur/Usd recovery from 1.4073 is very slow and quite choppy on the smaller time frame. As such, we believe this is only a corrective pull-back, wave 2, labelled as primary count, or maybe wave D) of a triangle labelled as Alternate count on the chart below. In both cases, bearish reversal should occur while market trades below 1.47, but before that 1.45 may still be tested.

Cable also shows corrective personality from the past week low, but top however is still not formed. Well, BOE meeting minutes are today at 04:30 and a dovish tone may definitely be a catalyst for a reversal on cable.

FOMC meeting also today, during the US session, when the latest forecast for the US economy will be announced




Do you like analysis you see here? Check our full service package here.  Price: just 45€ per month.

Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter

Video Analysis: Eur/Gbp, Aud/Jpy and Aud/Cad

Top


June 21 2011

In the next video we will discuss about Eur/Gbp and why we still think that this pair is headed higher. We will also focus on Aud/Jpy, a pair that is highly correlated to stock market. And finally, will look at Aud/Cad- which commodity currency will strengthen in days ahead!?

Having problems with video below? Click here

Do you like analysis you see here? Check our full service package here.  Price: just 45€ per month.

Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter

Eur/Usd and Aud/Usd: Respect The Price!

Top



June 17 2011

Eur/Usd trades higher today, driving other majors up against the US dollar as well, on talks that new Greek aid package amounting to E150bln could be agreed.

As such, the same reaction is shown on S&P futures, which are rallying sharply higher ahead of the US session, but still within a third leg from its lows. For any bearish interpretations, 1280resistance must hold! If not, then this pull-back higher on majors will not complete so soon.
Well, traders need to focus on market direction, and pay attention to price which is always the most important and the best indicator out there!

In the video below , Gregor Horvat will discuss about the current price action on Eur/Usd and Aud/Usd, and will point out “what is needed for bearish price action to continue”.

Having problems with video below? Click here

Do you like analysis you see here? Check our full service package here.  Price: just 45€ per month.

Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter




Euro Forming A Higher Pull-back; Now Threatening 1.4500/50 Resistance

Top



June 14 2011

Euro is forming a short covering rally after the some powerful downward reaction at the end of the past week, which is quite interesting after S&P downgraded Greece to negative CCC outlook. In normal circumstances you would expect a Euro sell-off, but technical always win, very similar and contrary reaction that was already seen in the past week, during the ECB press conference.

Our outlook for the Euro remains bearish as we believe that a decline from 1.4699 is an impulse followed by a current bounce higher that should be corrective recovery, labelled as a black wave B/2.

On the Intra-day basis we are monitoring two different wave counts:

-The first one shows a double zig-zag in wave B/2 which in fact should be trading in late stages of that move.

Count #1:


-On the next one shown below we are looking for end of wave (a), which is just first leg of a three wave recovery, so waves (b) and (c) yet to come before larger downtrend resumes.

Count #2:



However, you may noticed that on both counts, prices are headed into huge resistance around 1.4500/50, but because of the S&P futures which bounced higher in five small waves from 1259, we favor the wave count number two!

S&P Count:


Also another thing, just look at this S&P Futures/Euro overlay chart.




Silver Breaking Out Of A Triangle, Targeting 32

Top



June 13 2011

Huge decline on Silver in early May from 49.80 definitely suggests that this bear market is not anywhere near the end. In fact, we see price breaking lower, out of the triangle formation that market was trapped in since May 6th lows.

In the next video analysis, we will highlight some key technicals that are pointing lower for the next few weeks, targeting levels below 32.
 
Having problems with video below? Click here


Video tour of our product offerings
Twitter Facebook
Subscribe to our newsletter


<< [1-7][8-14][15-21][22-28][29-35][36-42][43-49][50-56][57-63][64-70][71-77][78-84][85-91][92-98][99-105][106-112][113-119][120-126][127-133][134-140][141-147][148-154][155-161][162-168][169-175][176-182][183-189][190-196][197-203][204-210][211-217][218-224][225-231][232-238][239-245][246-252][253-259][260-266][267-273][274-280][281-287][288-294][295-301][302-308][309-315][316-322][323-329][330-336][337-343][344-350][351-357][358-364][365-371][372-378][379-385][386-392][393-399][400-406][407-413][414-420][421-427][428-434][435-441][442-448][449-455][456-462] >>