Monday, August 31, 2015
Sunday, August 30, 2015
EURUSD
On the h4 chart, the price is bullish. Based on the slow correction behaviour we are expecting to see it rise to 1.1550 and 1.1700 zone if a positive hidden divergence happens while having the bearish trend line broken below around 1.1320. As long as the main trend line is not broken above, our forecast has validity so far.
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Thursday, August 27, 2015
Wednesday, August 26, 2015
Tuesday, August 25, 2015
Sunday, August 23, 2015
Saturday, August 22, 2015
EURUSD
Technically, against U.S. Dollar, EUR gained quickly, which crossed 1.1265 targeting around 1.1465 last week, technically looking at the chart suggests a wolfi pattern that may initially starts a correction wave and also hitting the price to the diagonal could lead to a slowing price.
Therefore, as it is shown on the H4 chart, we are around ETA of the wolfi wave which in case of a rebound and having 1.1278 level broken, going short to the bottom of the channel is a clear option, and if the price is able to takes out the channel's lower line, an encounter with EPA LINE could be considered.
Note: according to the time divergence, if the price was able to crosses 1.1400, PRZ for reversal would be 1.1465.
Resistances: 1.1465, 1.1640
Supports: 1.1095, 1.1265
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Therefore, as it is shown on the H4 chart, we are around ETA of the wolfi wave which in case of a rebound and having 1.1278 level broken, going short to the bottom of the channel is a clear option, and if the price is able to takes out the channel's lower line, an encounter with EPA LINE could be considered.
Note: according to the time divergence, if the price was able to crosses 1.1400, PRZ for reversal would be 1.1465.
Resistances: 1.1465, 1.1640
Supports: 1.1095, 1.1265
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Friday, August 21, 2015
Thursday, August 20, 2015
Wednesday, August 19, 2015
GOLD
Based on how high gold price has reached, this wave is
expected to be wave (iv) of 3 (circle). According to the fibo levels, we
are expecting it to be halted around $1126. If any further pullback is
able to breach the mentioned high, a short entfy to sell in wave five
(v) could be considered, the end of the wave depends on the bearish
strength momentum. If it includes low strength, $1080 could be seen as
an end for the rally. But if the price is able to break $1126 by any
further pulback, the next resistance level will be $1143 for the end of
wave (iv), this area afterward could be considered as an entry to go
short for wave (v).
Result.
EURAUD
The price is still going bullish. on the daily chart, according to the
wave counting, it is comleteing wave 5 of larger wave 3 which the upper
channel line appears to be an end for that wave. As it shows, the price
is completeing wave 4 of 5 of 3, which seems to have 1.4950 area as
support area potentially. Within this area, we ought to look for wave 5
of 5 of 3 to find an entry trigger.
Result
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Result
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Sunday, August 16, 2015
Saturday, August 15, 2015
Thursday, August 13, 2015
Wednesday, August 12, 2015
Tuesday, August 11, 2015
Sunday, August 9, 2015
NZDUSD
As it is showing on the daily chart, the price failed to break the low
at 16 july and had been supported by the bulls, so a fourth zigzag wave
is expected to the up. Therefore, the long side to $0.6880 as the first
position could be considered by having the price crossed $0.6666.
Thereafter, a trigger to follow the fifth wave is on track.
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Wednesday, August 5, 2015
Tuesday, August 4, 2015
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