EURUSD - Trends, Forecasts and Implications (Part 1) - page 991
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D1
MN1
Good hunting to all !
At the beginning of all this "forte" was drawing some stunning forecast pictures.
I came across this yesterday: Onyx -Wave analysis - Wolfe charting.
There Tony S. Smith and his companions have been testing that pattern since January 2006,
without rolling their eyes up in the sky,
I'd give you the link, but I'm sorry.
Generally, the wolf-wave is a particular case of the classical 5-3 wave pattern of market movements, for the precise determination of the price movement to a particular point, it is necessary to know exactly at what point of this pattern the trend is in this case. Using the ww pattern it is possible to predict with accuracy the point of price arrival, but the time range of price arrival is already conditional, but the time of movement can also practically be known by clarifying as the price arrives to the range boundaries from the oldest to the youngest TF, practically the same analysis should be done to determine the price level of the security reaching the predicted level.
Practically WW is a counter-trend strategy that allows to determine the point of price getting to the trend reversal, or in some special cases when going to the trend top at the bottom of the trend, during formation of the 2nd or the 4th wave, to determine the point of price reaching the price level corresponding to the 4th or the 5th wave. But without complete analysis with consideration of Fibo levels and channels it will be difficult to determine the validity of the forecast by WW...Good luck.
Opening with a slight gap downwards
Probable option on 15.02.2010.
Who would like to receive option levels on their terminal, please contact ....
axel
Dow Jones Newswires column by Francis Bray, Master of Technical Analysis /MSTA/
LONDON, Feb 15 (ANI). /Dow Jones/. Moving charts for 24 hours:
EUR/USD during the day: The pair is showing a corrective rise from Friday's low of 1.3532, where the Fibonacci extension target level of 1.618 is located. However, the pair's rise is likely to be limited below the lower high of 1.3696. As long as 1.3696 holds, the dominant downside risk continues to exert downward pressure towards the low of 1.3532. Trading below this mark would open the way to the psychologically important 1.3500 and create the possibility for a fall towards the higher low of 1.3422.
EUR/USD on the weekly chart: Downtrend.
US Dollar/Japanese Yen pair during the day: In Friday trading, the pair made a new short-term high above 90.15 to open the way for further gains towards 90.52 and the 91.00 area. However, only a sure break of this area would negate the pair's dominant downward bias. The 89.57 was the intraday reversal point. However, a trade below this level would open the way to 89.25 and the higher low of 88.82.
US Dollar/Japanese Yen on the weekly chart: Downtrend.
GBP/USD during the day: The pair is forming a symmetrical triangle pattern on the chart as part of a corrective move from the February 8 low of 1.5537. That said, last week's lower low and week-end close indicates that there is a possibility of another test of Friday's high at 1.5739. Trading above that would open the way to resistance of the declining flag pattern at 1.5789. Meanwhile, downside investors, who are now dominating the market, will want to limit the rally in the pair to protect against a break of the former range low at 1.5834. A trade below 1.5560 is needed to target the pair lower again and open the way to 1.5537 and the psychologically important 1.5500.
GBP/USD pair on the weekly chart: Downtrend.
US Dollar/Swiss Franc pair during the day: During Friday's trading the pair continued to rise from 1.0609 and reached a new six-month high of 1.0829. A further rise in the pair towards the target level of 1.0884 is most likely at this point. In case of a fall, the pair is likely to get support while it is trading above 1.0725, while below that support is located at 1.0699 and 1.0660.
USD/Swiss franc pair on the weekly chart: Uptrend.
Euro/British Pound pair during the day: As a result of the pair's steady decline from the February 11 high of 0.8841, short-term market participants betting on the decline are back in control. In doing so, the pair is targeting the January 28 low of 0.8603. Trading below that would take the pair to new six-month lows and open the way for a fall to the target level of 0.8493. The 0.8750 area is likely to limit the pair's corrective rise.
Euro/British Pound pair on the weekly chart: Downtrend.
EUR/JPY during the day: The fact that last week's trading range was within the previous week's range indicates that short-term market participants betting on the pair's decline will look to see the pair retest Friday's low of 121.38. These market participants will also be looking to increase downward pressure on the February 5 low of 120.70. A break above 123.10 would weaken the downside bias of the pair and raise the probability of a rally towards 123.90 and the February 10 high of 124.28.
Euro/Japanese Yen on the weekly chart: Downtrend.
Euro/Swiss franc pair during the day: Support at 1.4635 held firm and the pair rose during Friday's trading. The pair is likely to target the resistance of the downtrending triangle pattern on the chart around 1.4705. However, at the moment the downtrend is dominant. While the pair's growth is limited to 1.4705, a fall towards the low around 1.4635 cannot be ruled out.
EUR/Swiss franc on the weekly chart: It is in a downtrend.
AUD/USD on the day: The pair is advancing from Friday's low of 0.8786 to aim for a high of 0.8920 again. However, the weakening upside bias in intraday trading indicates that the pair does not have enough upside potential to make a break above 0.8920. In view of this, the pair is consolidating in a sideways trend between this level and the support area at 0.8786-0.880.
Australian Dollar/U.S. Dollar pair: Downtrend.
*The pivot point is calculated as the sum of the high, the low and the close, divided by three.
-Author Francis Bray, Dow Jones Newswires; +44 207 842 9249; francis.bray @ dowjones.com; translation by PRIME-TASS; +7 495 974 7664; dowjonesteam @ prime-tass.com.
Axel
Dow Jones Newswires column by Francis Bray, MSc Technical Analyst /MSTA/
LONDON, Feb 15 (ANI). /Dow Jones/. Moving charts for 24 hours:
*The pivot point is calculated as the sum of the high, the low and the closing level, divided by three.
/continued/
which site do you get these levels from?
Good afternoon friends !!!
I don't think anything interesting is going to happen today, ....
Probably going to be a boring day.
And our eurik is not going to go anywhere.
The current dynamics will be sluggish with an upward trend I think.
We will probably not break through 1.3560 today, not till the evening for sure.
Добрый день друзья !!!
Похоже сегодня вряд ли что то интересно произойдет, ....
скучный наверное день будет.
И еврик наш особо никуда не рыпнется.
вяло текущая динамика будет с тенденцией наверх думаю.
1,3560 сегодня скорее всего не пробьем, ну до вечера ушь точно.
good ...... why are you buying euros???? I would buy yen ..... although I also sold audjpy overnight
I have already said that I am going to get the eurik from 1.3478.
Targets at 1.45-1.47, I have already posted my forecast above.
And in general I expect it above 1.51.
But here is the only thing ....
If 1.3450 goes down, then sorry.... I will fix the losses and wait for her below 1.29.
But so far it is drawing all according to my marking, which means, I am right up to this point, and there is no reason for me to change my opinion (to send her down steeply).
Everyone gets it wrong, and I might.
But I pay for it with my money :)))