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EURUSD: Prices Up Before Down

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July 26 2013

EURUSD is moving higher for the last few days but on very low volume and momentum, which is usually an early signal for a trend change. This is clearly evident on RSI with bearish divergence. From an Elliott Wave Perspective we can also see a three wave A-B-C rise from 1.2750 which is a structure of a corrective price action. As such, traders must be aware of a bearish reversal especially if we consider a shape of an ending diagonal which is a trend-reversal pattern. An impulsive fall from highs and down to 1.3160 will be a first but strong indication that rally is complete and that EUR is headed lower.






Crude Oil: Corrective pull-back In Progress

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July 12 2013

OIL found resistance around 107 in this week which has been expected because of five wave rally in wave 3, and we know that after every five wave move correction will follow. As such, market is now headed lower in minimum three waves which is most-likely wave 4 that will reach region of a previous fourth wave, around 102.30. In that area we can also see a base channel and 38.2% Fibonacci level that may react as a nice support next week. Traders may want to keep a close eye on that zone to join the ongoing uptrend.

Current Trend/Sentiment Directional Bias Strategy
UP

Stay aside; wait on deeper fourth wave pull-back

Sentiment table?







GOLD: Price Could Rise To 1300

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July 09 2013

Gold was down on Friday after NFP report, but weakness did not last long as pull-back from 1267 was only wave (b), still only second leg of incomplete three wave rally from 1180. As you know we are tracking wave 4 that may reach 1280-1300 area before downtrend is back. So for now, lets focus for higher prices within wave (c).




On the intra-day chart GOLD is forming an intra-day pull-back from latest swing high which we think its correction within uptrend from 1207. Support for current three waves down comes in at 1240.








EURUSD: Break of 1.2800 Puts 1.2500 In Play

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July 08 2013

EURUSD made three legs up from 1.2750 low to 1.3420 which we believe it was a corrective, contra-trend price action within a larger downtrend. We are talking about blue wave (2) which is showing signs of completion around 1.3420 level after sharp decline in the last three weeks with impulsive personality. Notice that pair is now already testing an important trend-line from October 2012 swing lows. Break here is expected which may cause a significant decline in the second part of this year.

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EURUSD VIDEO ARCHIVE: Click here


 


30 Year US Bonds-Bearish Wave Pattern

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July 05 2013

30year US bonds are showing bearish pattern ahead of US NFP report. Can this be signal for good numbers today? If yes, then US bond prices will most likely fall on speculations that FED could start "tapering" QE later this year which would be supportive for USD based on latest correlations from latest FOMC meeting held on June 19th. In such case EUR could suffer the most because its the weakest right now.








USDJPY: Corrective Rally Approaching Resistance at 101-102

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July 03 2013

USDPY is trading higher and now forming much sharper and extended pull-back from 93.78 than previously thought. However, rise is still in three waves with wave C now approaching to important resistance area at 101.50-102.00 where we can see 78.6% retracement of wave A)/1) and as well as wave A=C level. As such, that’s very important zone for a possible turning point. But only impulse sell-off from here and back to 99.00 will confirm our bearish bias.



EURUSD: You Must See These Charts!!

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June 24 2013

Traders, please check our next video on EURUSD and why we think that pair may fall much lower in the next few days and even weeks.




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