Right now we are in the middle of nowhere unless Today’s high or Yesterday’s low is breached. If Yesterday’s low in not tested and today’s high is taken out, we should expect at least 1...
US Initial Jobless Claims Drop More Than Expected Last Week The labor department data released today in the US showed the first time jobless applications fell more than expected last week, indicating the labor market continues to strengthen despite headwinds...
The down move was an impulsive one (5 wave). The recovery is in A-B-C form. As long as SL is not hit, EURUSD should test today’s low and possibly 1.13 on 100% Fibonacci Extension of the down wave...
This week saw some interesting developments across the markets. Near term confirmation targets are approaching and the coming week could bring some explosive action for certain markets. So let’s try and get in position for those moves...
Euro-Area Bonds Move Higher After Egypt Plane Hijack Report Core EGBs, peripheral bonds moved higher while curves flatten ahead of light data calendar today and quarter-end this week; demand for safety supported instrument rises following reports of Egypt plane hijack...
Talking Points: AUDUSD Technical Strategy: Temporary Bearish Elliottwave Count: Primary count suggest wave Y in medium cycle while on alternate count suggest trend changed and we are in third wave We are tracking this count from a while and initiated short @ 7250 which was stopped out and closed...
Talking Points: AUDUSD Technical Strategy: Bearish Elliottwave Count: Correction possible completed on 7250 high and reversal is in progress Analysis: We were expected correction over last month when price touched 7200 area, and shorted this pair...
FTSE 100 Maintains A Bearish Bias Talking Points The FTSE 100 is bearish below the February 23 high of 6036 and traders will most likely see a corrective move as an opportunity to short-sell. This week’s soft PMIs (Services and Manufacturing) should keep the FTSE 100 soft...
Talking Points: AUDNZD Technical Strategy: Bearish Elliottwave Count: Primary count suggest wave 2 in minor cycle while on alternate count suggest it's triangle in wave X We are tracking this pair from high 1.0950 and still suggesting it's down trend...
Talking Points: EURUSD Technical Strategy: Bearish Elliottwave Count: Either we seen wave c completion or Flat correction on weekly chart...
Talking Points: AUDNZD Technical Strategy: Bearish Elliottwave Count: Current move is consolidation and be part of wave y This pair is playing scenario 2 from our previous analysis. Considering this face, we will watching price action. Price can trade higher 1.088 to 1.09 before reversal hinted...
Talking Points: AUDNZD Technical Strategy: Bearish Elliottwave Count: Current move is consolidation and be part of wave y This pair can play either of below scenario: Scenario 1: In scenario 1, pair need to push one more high towards 1...
Talking Points: EURUSD Technical Strategy: Bullish Elliottwave Count: Impulse Down Trend insight but short term bullish trend forming. We are bullish on EURUSD and trying to build positions to go long...
Talking Points: NZDUSD Technical Strategy: Bullish Elliottwave Count: We are in wave C Our view on NZDUSD is still on bullish side. Current price action is suggesting another good long opportunity. We had a long last month, and earned handsome profit out of current move...
Talking Points: EURGBP Technical Strategy: Turning Bearish Elliottwave Count: We are considering correction over Current price suggest that correction will be completed anytime from now...
Talking Points: EURGBP Technical Strategy: Long term Bearish Elliottwave Count: Either current price is wave 2 in lower time frame or flat correction playing on daily and weekly chart. EURGBP is playing a nice elliottwave structure...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction complete on or above .7200 area before downtrend. But this might not be a straight line. This can be played with two scenario...
Talking Points: AUDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Price is heading towards wave c. As per our last analysis, we were expecting two scenario, one with bearish count while other suggest correction will continue and will trade higher to complete it's wave c...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction compelete on .7200 area before downtrend resume. We still prefer this count and can not see any other alternate count...
