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


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


Video Analysis: Eur/Usd Headed Even Lower While Below 1.47

Top




June 10 2011

Eur/usd fell to even lower levels in recent trade after earlier reversal from 1.4550 during Asian hours, when stocks were mixed with Japanese Nikkei up 0.4%, Australian ASX 0.2% while Hang Seng Index, South Korean Kospi Index and Chinese Shangai Composite Index lost some of thier value.

German DAX traded negative at the European open and sent the Eur/Usd to 1.4442 support. In the next video Gregor Horvat explains why Eur/Usd will reach even lower levels in days ahead, while pair trades below 1.47 resistance level.

He will point out some powerful guidelines from an Elliott Wave perspective and reasons why Eur/Usd has formed a temporary top. You may notice five wave move down from 1.47 right? But corrections are never just in five, so either is a reversal from 1.47 corrective, or start of a new impulsive sell-off, downtrend should continue!

In fact, it seems that Eur/Usd has finally caught up a sell-off on stocks seen recently! Will Usd try to react as safe-haven…finally?



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





Gbp/Usd: Evidence Of A Bearish Price Action. 1.62 Next

Top


June 10 2011

Pound was trading higher for the past few days, after the prices found the support at 1.628. But upward bounce from that support was slow and choppy as already noted yesterday, which was the first but very importnat sign of a bearish continuation within a blue wave (b). In fact, in recent trade prices moved below key1.6316 support, which now confirmed lower prices, and put new targets in play, somewhere around 1.62, projected by Fibonacci.



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