Elliott Wave analysis - page 2
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Very interesting klmnc. Keep them coming. Would you consider EJ for analysis as well?
08.02.2010 Analytics for pairs of EUR / USD, GBP / USD, AUD / USD.
EUR / USD, H1
Currency pair euro / dollar recorded on Friday night marks a new low of about 1.3587. We believe this point is the end of the wave "3". At the upcoming trading session to wait for the strengthening of the single European currency, with accompanying formation of the corrective wave "4" in the momentum "(3)" driving "the bear" five-wave structure. Subsequent reversal may occur at the value 1.3750. Remain high chances of continued decline in the dollar, since the pair traded at its local minimum. In the case of penetration of the support price can rush to the 35 th figure. The barrier will serve as the lower limit of the channel. Growth is unlikely pair above 1.3800, the change of trend will be possible when fixing prices above 1.40 marks.
Forecast appreciation.
GBP / USD, H1
The British pound fell against the U.S. dollar to a mark 1.5557, then recovered slightly to 1.5590. In the course of trading on the depreciation of the Asian session resumed. The technical picture indicates the need for correction from current levels to 57-th figure. It is possible the continuation of falling prices with a high probability of renewal a minimum of last week and testing support at 1.5526. The odds are somewhat greater decline than growth. Penetration of support would aim at a pair level 1.5400. In the case of growth of the currency pair can make the ascent to a mark 1.5740, having fixed the end of wave "4" and begin the formation of the final wave of "5" in the pulse "(3)" top-down five-wave structure.
Forecast appreciation.
AUD / USD, H1
The Australian dollar also has fallen in price against the U.S. dollar. Minimum recorded on Friday at around 0.8578. Expect the formation of correction "(4)" to a mark 0.8735. Possible fall would be regarded as a continuation of the wave "(3)". There is the likelihood of consolidation, so it's possible the price movement in sideways. The chances of changing the trend is largely absent. In the case of penetration resistance of 0.8777 may change the balance of forces in favor of the bulls ". Nevertheless, talk about changing trends in the market is still quite early. There are still actual short positions after a slight recovery rates to 87-th figure.
Forecast appreciation.
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09.02.2010 Analytics for pairs of EUR / USD, GBP / USD, AUD / USD.
EUR / USD, H1
Currency pair euro / dollar traded yesterday in a narrow lateral channel range of 100 points. Today, the price will try to overcome the resistance level, formed by yesterday's highs. We expect modest growth to a mark of 1.3770 as a corrective wave "4" and the resumption of the fall to the 35 th figure. The obstacle is the level of support, formed last week at the minimum value of 1.3584. Growth pair above 1.3850 is able to change the balance of power in the market in favor of the bulls ". Changing trend will be possible when fixing prices above 1,40. In this case, would be in force the alternative scenario, under which will be formed wave "A". There is likely to continue consolidating during the European trading session. The presence of long-term "bear" trend increases the chances of currency depreciation.
Forecast depreciation.
GBP / USD, H1
In general, significant changes in regard to a pair of pound / dollar has not happened. Price updated its previous minimum and set a new value at 1.5532, after which the auction took sluggish nature. Impulsiveness continues to fade, however, according to the principles of wave analysis, we expect the formation of corrective wave "4", which will be accompanied by increasing prices to the level of 57-th figure. To accomplish rise from current levels of the pound would be extremely difficult, because the trend is "bearish" and around a mark 1.5660 resistance is formed by a local maximum. An alternative scenario assumes a price reduction to 1.5526 support with a high probability of its penetration. In this case, the current wave of "3" will take an elongated shape.
Forecast appreciation.
AUD / USD, H1
Australian dollar continues to consolidate a 87-second figures. We expect modest growth and the resumption of depreciation over the next two sessions. We believe that the final wave "(5)" of the pulse "3" has not yet formed, so the price reversal of 0.8735 will be the beginning wave of "5". Reduction of the currency pair may be limited by the level of support 0.8543. From this mark a correction "(4)". After penetration resistance values at 0.8719, the pair aim for a level of 0.8777. Trend remains "bearish", which increases the likelihood of further decline after a slight recovery.
Forecast depreciation.
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
10.02.2010 Analytics for pairs of EUR / USD, GBP / USD, AUD / USD.
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EUR / USD, H1
Euro / dollar formed a corrective wave "4" with the end near the 1.3839 mark. In the coming days expect to reduce the rate to 1.3584 support and upgrade a minimum of last week. We believe that a wave of "5" will be truncated and will serve as the end of the pulse "(3)" five-wave structure of a higher level. It is worth noting that the end of the correction occurred at the upper boundary of a downward channel. This increases the probability of reversal and the formation of a wave "5". If growth continues, and the resistance level of 1.3853 is punctured, the prospects for movement of the rate changes in favor of strengthening the European currency. In this case, "bear" the wave "C" will be considered complete. Fixing hen above 1.4031 will lay the foundation for a new "bull" trend.
Forecast depreciation.
GBP / USD, H1
The British pound strengthened against the U.S. dollar, the pair recorded the week high at around 1.5749. We expect depreciation and the formation of a wave "5" as part of a wave "(3)". The level of support 1.5354 may serve as the end of the pulse. Not unlikely pair continued growth, resulting in correction of "4" can be stretched to 58-th figure. Fixing the price above the resistance level 1.5834 will displace long-term risks in the direction of growth of the currency pair. Obstacle can serve as the downtrend resistance line. On changing a long-term trend movements warn pulse to a mark 1.6065. At the moment the outlook remains "bearish", so the actual remains short positions from current levels.
Forecast depreciation.
AUD / USD, H1
Australian dollar recovered positions lost against the U.S. currency over the past week. Pair tested the resistance level at 0.8777 value, but to gain a foothold above it and failed. This indicates a lack of strength "bulls" to return value to the January highs. Apparently, the couple will continue to decline as a wave of "5" to its minimum, and then update it and begin to shape the rising tide "(4)". There are still major obstacles to growth remain the upper limit of "bear" trend and the resistance level of 0.8777. The fall course will be limited to the level of support near the 0.8543 mark. Any increase from the current values will be the beginning of alternative wave "(A).
Forecast depreciation.
by: Popular Social Network of Forex | Popular Social Network of Forex - Popular Social Network of Forex... | Forex.yourblog.biz | F
hi everybody
hi everybody
just wanted to subscribe to this thread ...
i see it has only 2 pages but i hope we can make it grow
Loopyno