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


AUDUSD Turns Back In Bullish Mode As Price Exceeds 1.0500

Top



Our Services Video Tour
                   Subscribe to our newsletter


Apr 10 2013

AUDUSD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again. Rise from 1.0346 can be counted impulsively so we believe that AUDUSD will move much higher in the next few days, maybe even weeks if we consider a possible wave III rise even up to 1.0740 Fibonacci extension level. However, we always tend to focus on minimum expectations so we expect to see 1.0600 as a first target (1.618 x wave II). But before that level is seen pair could make a corrective retracement in blue wave (2) back to 1.0450/60 support zone. But pair however, remains in bullish mode as long as 1.0346 holds.

adu


S&P500 Found A Support And Now Looking Back To New High

Top



Our Services Video Tour
                   Subscribe to our newsletter
Apr 09 2013

S&P500 fell sharply lower on Friday, but only into third leg down from 1573 top. Decline from the top is labeled as an a)-b)-c) which is a corrective pull-back, called a zig-zag. This is a bullish pattern which means that uptrend could resume while 1540 is not breached, especially if we consider that recovery from latest swing low is already showing impulsive qualities. The next thing is that we want to stay with a larger trend, which is clear up on stocks, so push back to the highs should not be a surprise.




GBPUSD Could Hit 1.5350-1.5400 While 1.5000 Is In Place

Top



Our Services
                  Subscribe to our newsletter
Apr 05 2013

GBPUSD found a support yesterday 30 pips above 1.5000 psychological level from where intra-day bulls lift the pair in impulsive manner back above 1.5200 level. Notice that prior that rally, pair made actually only three waves down from 1.5260 high, which is structure of a corrective move. As such, we believe that this was only wave B) pull-back, part of a three wave rally in wave (4) headed up to 1.5350-1.5400. Pair remains in bullish mode for now as long as 1.5030 support is not breached.



USDJPY: Broken Channel Puts Pair Back In Bullish Mode

Top



Our Services
                  Subscribe to our newsletter
Apr 04 2013

USDJPY broke sharply higher which was expected from a technical point of view. Price accelerated strongly after break out of the corrective channel (circled zone). We can see that price made very strong move to the upside in a very short period of time; thats clearly a personalty of an impulse so we think its wave (iii), part of a new five wave rally. Resistance for this wave (iii) comes in around 95.60-96.15 zone from where we could see a fourth wave retracement back to 94.60 area. From a larger perspective it seems that USDJPY is headed back to the highs.




Reversal Patterns on EURUSD - New Weakness to Come?

Top



Our Services 
                  Subscribe to our newsletter
Apr 02 2013

Hi traders,

I hope you had some great time during the holiday break, but unfortunately it always ends too fast, but we are lucky that we love our job, right?

Before we go to charting today, let’s see what could happen on this market based on sentiment and psychology. Those who are following me on twitter will know that I highlighted on Thursday that holidays are approaching which is usually the reason for a change in trend because of portfolio adjustments and so on. At that time, we were expecting higher EURUSD, which was clearly the case in the last few trading days. The same was expected on S&P futures which also changed the direction few sessions back. Well, we need to keep in mind that in normal trading days, money will flow back into the market, so what this means is that primary trend, which was down on EUR and up on stocks could resume. With that in mind be aware of continuation of a trend that was ahead of holidays.

In fact, from a technical perspective we can see only three wave rise on EURUSD from the lows which is corrective movement that also reversed down from swings of wave four of a lesser degree. Pattern is bearish on the EURUSD which could fall beneath 1.2750 in this week. Resistance is at 1.2870-1.2940.

EURUSD 1h




Video-Where Is The EURUSD Headed Next?

Top



Our Services
                 Subscribe to our newsletter
Mar 24 2013



S&P 500 Remains Bullish After A Corrective Retracement To 1537

Top



Our Services
                  Subscribe to our newsletter
Mar 21 2013

S&P500 cash market gapped lower in this week, exactly after prices tested 1560-1570 resistance area for wave (iii) as highlighted several times to our members last week. As such, latest retracement should be wave (iv), which made three sub-waves down and found a support at very typical 38.2% Fibonacci support level compared to wave (iii). With that said, larger trend remains up as we need one leg up to complete a five wave rally from 1485 Feb 26 low. Ideally market is now trading higher in wave (v) headed through 1558 high which will open the door for a push up to 1578 projection, where wave (v) equals to wave (i).





<< [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][463-469][470-476][477-481] >>