In short Run, a closing above 1880 will be straight signal towards 1906
As mentioned yesterday, EURUSD is in corrective waves. My EURUSD Forecast remains bearish. According to Elliott wave Forecast, it looks price completed the formation of wave (b) and is now going to complete the formation of wave (c). Looking for the resistance areas 1.0650-1.0690 to go short on this pair. Price is trading near the support level of 1.0612. Support...
EURUSD completed the wave (a) and is now near completion of wave (b). My EURUSD Forecast remains bearish but I am looking for completion of wave (c) to go short. 1.0612 is an important support can be the possible end of wave (b).
EURUSD completed fives downside according to updated count of Last Friday. My EURUSD forecast for 13 February 2017 is neutral. My Elliott wave count suggests that this up move is corrective. I am looking for the completion of 3 corrective waves or any corrective structure. I am looking to sell EURUSd around the resistance area of 1.0690-1.0729. My medium target...
I have made some changes in my count. My EURUSD Forecast still remains bearish according to new wave count. It looks that (v) of or is now near completion 1.0624 is support level. I am not convinced to sell at current market price. Waiting for strong resistance levels.
EURUSD completed the formation wave as mentioned yesterday. My short-term EURUSD Forecast is bearish. I am neutral waiting for the selling levels. Now I am expecting a move up for the completion of wave . My medium term EURUSD Forecast remains bearish. I am working on two Elliott wave counts and both favour a bearish move in EURUSD. The pair is trading at the...
EURUSD made 5 wave downside and is now in correctional phase. My EURUSD Forecast remains bearish. EURUSD made a low near 1.0640 and completed wave (v) and then made (a) of . I am expecting wave (b) of to complete near 78.6-90% Fibonacci retracement of wave (a). My intraday EURUSD Forecast is bullish while I am bearish as a whole. My forecast will turn bearish...
I was expecting a leading diagonal pattern in EURUSD yesterday. But the price made a low below 1.0685 and then I updated my EURUSD Forecast. I stick to my updated chart. According to recent Price action, wave (iv) is either completed or it is in b of iv. Short term and medium term EURUSD Forecast remains bearish. Short term resistance lies at the levels of 1.0666...
EURUSD Forecast: Pre London Session Update EURUSD up move from 1.0384 proved corrective and ended in an abc correction. My EURUSD Forecast has changed and I am bearish right now. Technical indicators support my bearish view. Elliot wave Principle do support my bearish view. I am looking to sell it around 1.0755-70. It looks that 1st wave of this new bearish...
EURUSD Forecast (Pre London session Update for 1st Feb, 2017) is that eurusd is still in uptrend. Intraday support areas are 1.0772 and 1.0765. I am expecting a triangle type pattern here. Waiting for pattern completion before buying. Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all...
FOMC Statement and Federal Funds Rate is due tomorrow. I am expecting no change in rate and a down USD. Maintaining a bullish view. 1.0850 is an important resistance. Keep and eye on it. Regards, Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So do not invest...
Price is testing the trend line support . Buy after a bullish reversal confirmation. Disclaimer! Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to lose. Content presented is for education and information purpose. We will...
Confirmation of Bullish Reversal After price closes above the trendline. Expecting sideways movement as long as price is below the resistance Disclaimer! Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to lose. Content...
Head And shoulder Pattern Breakout Disclaimer! Price may continue moving downwards till 23.6% Fib. Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to lose. Content presented is for education and information purpose. We will...
Price bounced back from trend line support. Trend is bullish unless the invalidation level hits. Target is 1.618% Fib extension near the trendline resistance. Disclaimer:- Investment in financial instruments carries a high level of risk, and may not be suitable for all investors. You can even lose all of your investment. So invest money that you cannot afford to...
Trend down.Sell on break below trend line.@ your own risk.