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


Eur/Chf Down To 1.2 Psychological Level

Top



Jun 09 2011

Eur/Chf is in a recovery mode, but a very low volume and price structure suggests that this bounce from the support will not last long. From an Elliott Wave perspective, we see pair trading in wave (4), which is part of incomplete impulsive structure. Wave (5) lower should take place in the near future, targeting 1.2 psychological level, while pair trades below highest channel resistance line.



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



Oil Now Above the Falling Trend Line

Top



June 09 2011

Oil will not give up so easily. Notice that commodity found the support this week around 97.60 from where sharp upward reaction occurred after the Crude Inventories showed a huge drop of -4.8M barrels.

Prices moved higher and broke a falling trend line from May 2nd highs, which suggests that correction, started back in May 6th at 95.24 is still unfolding.

But no doubt, we still believe that whole bounce is just temporary, identified by of a corrective personality, slow and choppy waves!

Now we are looking for possible double zig-zag, with another push towards 104.90 once 103.35 is broken.



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


Euro Crosses Video Analysis

Top


June 07 2011

Markets are very calm today during the US trading session, with majors trapped in a very tight range. As such, it’s a perfect time to look at some cross pairs, especially with Euro, which is in a quite bullish mode for the past few days and weeks.

We will take a look on the Eur/Aud which found the support in the past month around 1.3220 and is looking very constructive on the upside for the next few weeks.

We will also review weekly, daily and 4h charts on Eur/Chf, where pair is trading sharply down as traders look for safety in Swiss franc, especially since stocks turned lower in Early May.

Eur/Gbp also looks very interesting within a current bullish mode, which however it may not take so long, as highlighted in the video.



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



Eur/Usd Up to 1.47 While Above 1.4510

Top


June 06

Trading during Asian and European hours was relatively slow but still bearish for stocks after poor NFP numbers from Friday.
Nikkei lost more than 1% of value, which however did not help to lift the US dollar, which is still trapped in 50-80 pips ranges against the majors at early start of the US session! Dax is currently trading almost unchanged!

From a technical perspective we still may see dollar weakness in coming hours/sessions, maybe not against all major currencies out there, but definitely against the Euro, which has been one of the strongest in the past week.

From an Elliott Wave perspective, we see incomplete wave 5 leg on Eur/Usd from 1.4306 region. We know that wave five is a motive wave, which means it must be structured by five smaller waves, before trend can be complete. So, will we see a final spike up to 1.47 before a near-term top is formed?

Critical region stands at 1.4512!



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


Video Analysis: S&P/Dollar Correlation and Gbp/Jpy

Top


June 06

The Us dollar was mostly flat against the majors during the Asian hours, but we can already see some strenght now, as European stocks trade lower.

Well, trading in this week should be quite interesting, to see how broken correlation between Eur/Usd and the equity market will play out, which was broken in the past week, when dollar and stocks found sellers after the poor US economic data. Well we still think that further weakness on stocks may cause the reversal on the US dollar and send the Japanese yen even higher at the same time. More in the video below. Price action will tell!

having problems with video below? Click here

Video tour of our product offerings        
Follow us on
Twitter or Facebook       
Subscribe to our newsletter

Usd/Chf Down to 0.83

Top



May 29 2011

Usd/Chf reversed sharply on the downside at the end of a trading week, as pair was unable to gain above the falling channel resistance line. As such, bears are back and fully in progress, now targeting 0.8300 region.

You may notice that we are looking at the line chart, which shows more clarity and no overlap between waves (1) and (4). So, if we are correct, then final leg, wave (5) of wave III is now in process which may slow down somewhere around the support channel line. If this trend line is broken powerfully with daily close well below it, then losses will likely extend even below 0.8! ALT count prepared for that scenario!

It should be fun next week monitoring an intra-day sub-structure in this bear market!




LINKS:
Video tour of our product offerings
        Follow us on Twitter or Facebook        Subscribe to our newsletter


Usd/Jpy: Ready For A Fall?!

Top


May 24 2011

Usd/Jpy found some bid in recent days, but nothing significant. The price action is slow, with very small volume involved and still trapped within a trading channel; so for now its clear indication of a corrective price action. As such, we believe that this pull-back is a complex wave B), with lower wave C) yet to come. A break below the corrective channel line should provide weakness within a lower wave C) towards and even below wave A) 79.57 support.

Strong resistance seen at 82.30 and 82.80-previous wave 4 high!


Usd/Jpy 4h chart:


Video tour of our product offerings         Follow us on Twitter or 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][456-460] >>