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NDelic

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  1. NDelic
    AUD/USD Elliott Wave For the last few weeks the AUD/USD pair was trading in a strong upward move, corrective ( wave (coloured red) of the bigger E wave (coloured purple) was developing. During the early Asian session we could observe price reaching a new 2 weeks high at 1.0419 level and we can consider this move as end of the ( wave (coloured red). Therefore, during the European and New York sessions the AUD/USD pair started pushing lower reaching a new daily low at 1.0330 level. The price is trading around 1.0364 level at the moment and we are expecting to see the price around 0.9944 level in the next few weeks. In accordance with our wave rules and taking into account that the wave C should retrace 100% of the wave A, we can define the potential targets with measuring wave A with take profit at 0.9944 (100% of wave A). To reduce the risk, we can use resistance at 1.0476 level as stop loss. Support and Resistance (S3) 1.0273 (S2) 1.0307 (S1) 1.0328 (PP) 1.0362 (R1) 1.0396 (R2) 1.0417 (R3) 1.0451 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0330 with stop loss 1.0476 and take profit at 0.9944 are recommended.
  2. NDelic
    USD/CAD Elliott Wave Last week the USD/CAD pair was trading in a downward move, impulsive (3) wave (coloured green) of the bigger (1) wave (coloured red) was developing. During the Friday's Asian and European sessions we could observe ascending movement from 0.9960 towards the 0.9984 level and we can consider this move as the end of the 2 wave (coloured blue). Therefore, during the early New York session the USD/CAD pair did not manage to hold this level and the price started pushing lower reaching a new 6 days low at 0.9921 level. This major pair is trading around 0.9940 level at the moment and we are expecting to see price around 0.9898 level soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with take profit at 0.9898 (161.8% of wave 1). To reduce the risk, we can use resistance at 0.9990 level as stop loss. Support and Resistance (S3) 0.9889 (S2) 0.9913 (S1) 0.9928 (PP) 0.9952 (R1) 0.9976 (R2) 0.9991 (R3) 1.0015 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9935 with stop loss 0.9990 and take profit at 0.9898 are recommended.
  3. NDelic
    Gold Elliott Wave Since our last analysis gold was trading in an upward move like we expected, impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green) was developing. During the Asian and European sessions we could observe slight ascending movement from 1,704.35 towards the 1,714.40 level. Therefore, during the early New York session gold did not manage to hold this level and price started pushing lower reaching 1,708.20 level. Today this commodity is trading around 1,711.50 level and we are expecting to see continuation of the bullish mood for the next few days. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1,732.52 (161.8% of wave 1) and take profit 2 at 1,749,25 (261.8% of wave 1). To reduce the risk, we can use invalidation at 1,698.74 level as stop loss. Support and Resistance (S3) 1,694.1 (S2) 1,699.6 (S1) 1,704.6 (PP) 1,710.1 (R1) 1,715.1 (R2) 1,720.6 (R3) 1,725.6 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,712.00 with stop loss 1,698.74, take profit 1 at 1,732.52, and take profit 2 at 1,749.25 are recommended.
  4. NDelic
    USD/CAD Elliott Wave For the last few week the USD/CAD pair was trading in an upward move, corrective wave © (coloured orange) of the bigger 4 wave (coloured purple) was developing. Yesterday during the Asian session we could observe ascending movement towards the 1.0018 level and we can consider this move as the end of the impulsive (5) wave (coloured green) of the bigger wave © (coloured orange). Therefore, during the European and New York sessions this major pair started pushing lower when development of the final impulsive 5 wave (coloured purple) starts. At the moment the USD/CAD pair is trading around 0.9990 level and we are expecting to see price around 0.9560 level in the next few weeks. In accordance with our wave rules and taking into account that the wave 5 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 0.9736 (100% of wave 1) and take profit 2 at 0.9560 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.0019 level as stop loss. Support and Resistance (S3) 0.9963 (S2) 0.9976 (S1) 0.9985 (PP) 0.9999 (R1) 1.0012 (R2) 1.0021 (R3) 1.0035 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9880 with stop loss 1.0019, take profit 1 at 0.9736, and take profit 2 at 0.9560 are recommended.
  5. NDelic
    USD/SGD Elliott Wave Last week the USD/SGD pair was trading in a downward move, impulsive wave (5) (coloured green) of the bigger wave (3) (coloured orange) was developing. Yesterday during the Asian and European sessions we could observe strong descending movement from 1.2222 towards the 1.2195 level. Therefore, during the New York session the USD/SGD pair continued trading in a bearish mood and the price reached a new daily low at 1.2185 level. Today this exotic pair is trading around 1.2205 level and we are expecting to see the price around 1.2160 level soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1.2160 (100% of wave 1) and take profit 2 at 1.2114 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.2234 level as stop loss. Support and Resistance (S3) 1.2162 (S2) 1.2177 (S1) 1.2187 (PP) 1.2203 (R1) 1.2218 (R2) 1.2228 (R3) 1.2244 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2195 with stop loss 1.2234, take profit 1 at 1.2160, and take profit 2 at 1.2114 are recommended.
  6. NDelic
    EUR/AUD Elliott Wave For the last few days the EUR/AUD pair was trading in a sideways move, corrective (4) wave (coloured green) of the bigger wave © (coloured orange) was developing. During the Asian session we could observe descending movement towards the 1.2459 level and we can consider this move as the end of the D wave (coloured blue). Therefore, during the European and New York sessions the EUR/AUD pair did not manage to hold this level and the price pushed higher reaching 1.2526. We can consider this move as the end of the E wave (coloured blue) of the bigger (4) wave (coloured green). Today this currency pair is trading around 1.2495 level and we are expecting to see the price around 1.2419 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1.2419 (100% of wave 1) and take profit 2 at 1.2362 (100% of wave 1). To reduce the risk, we can use resistance at 1.2526 level as stop loss. Support and Resistance (S3) 1.2425 (S2) 1.2451 (S1) 1.2467 (PP) 1.2493 (R1) 1.2519 (R2) 1.2535 (R3) 1.2561 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2480 with stop loss 1.2526, take profit 1 at 1.2419, and take profit 2 at 1.2362 are recommended.
  7. NDelic
    AUD/USD Elliott Wave Yesterday the AUD/USD pair was trading in a downward move, impulsive wave (1) (coloured purple) of the bigger wave 3 (coloured blue) was developing. During the Asian and European sessions we could observe sideways movement between 1.0367 and 1.0342 level. Therefore during the early New York session this currency pair did not manage to hold this level and price started pushing lower, reaching a new low at 1.0325 level. Today the AUD/USD pair finished development of the impulsive wave (1) and currently we are at the end of the corrective wave (2) (coloured purple). In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1.0269 (127.2% of wave 1) and take profit 2 at 1.0237 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.0385 level as stop loss. Support and Resistance (S3) 1.0299 (S2) 1.0315 (S1) 1.0326 (PP) 1.0342 (R1) 1.0358 (R2) 1.0369 (R3) 1.0385 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0365 with stop loss 1.0385, take profit 1 at 1.0294, and take profit 2 at 1.0237 are recommended.
  8. NDelic
    Gold Elliott Wave Since our last analysis gold was trading in a downward move, corrective wave 2 (coloured blue) of the bigger wave (3) (coloured green) was developing. During the Monday's Asian session we could observe ascending movement from 1,710.19 toward the 1,716.43 level. Therefore, during the European and New York sessions this commodity did not manage to hold this level and price drop to the new daily low at 1,705.20 level. We can consider this move as the end of the 2 wave (coloured blue). At the moment gold is developing impulsive 3 wave (coloured blue) of the bigger (3) wave (coloured green) and we are expecting to see price around 1,732.50 level today. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1,732.52 (161.8% of wave 1) and take profit 2 at 1,749,25 (261.8% of wave 1). To reduce the risk, we can use invalidation at 1,698.74 level as stop loss. Support and Resistance (S3) 1,664.2 (S2) 1,681.4 (S1) 1,696.7 (PP) 1,713.9 (R1) 1,729.2 (R2) 1,746.4 (R3) 1,761.7 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,714.00 with stop loss 1,698.74, take profit 1 at 1,732.52, and take profit 2 at 1,749.25 are recommended.
  9. NDelic
    AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in a sideways move, impulsive wave 1 and corrective wave 2 (coloured blue) of the bigger wave (3) (coloured green) is developing. During the Friday's Asian session we could observe descending movement towards the 1.0305 level and we can consider this move as the end of the wave 1 (coloured blue). Therefore, during the European and New York sessions this currency pair did not manage to hold this level and price reached a new daily high at 1.0385 level. We can consider this move as the end of the wave 2 (coloured blue). The AUD/USD pair is trading around 1.0347 level at the moment and we are expecting to see continuation of the bearish mood for the next few days. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with take profit 1 at 1.0294 (100% of wave 1) and take profit 2 at 1.0237 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1.0385 level as stop loss. Support and Resistance (S3) 1.0274 (S2) 1.0304 (S1) 1.0323 (PP) 1.0354 (R1) 1.0384 (R2) 1.0403 (R3) 1.0434 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0340 with stop loss 1.0385, take profit 1 at 1.0294, and take profit 2 at 1.0237 are recommended.
  10. NDelic
    Gold Elliott Wave Last week gold was trading in a downward move, corrective wave © (coloured green) of the bigger wave (4) (coloured orange) was developing. During the Friday's Asian session we could observe strong descending movement from 1,714.10 towards the 1,700.10 level and we can consider this move as the end of the wave (2) (coloured green). Therefore, when development of the impulsive (3) wave (coloured green) starts, this commodity retraces back to 1,717.80 level. Gold is trading around 1,711.10 level at the moment and we are expecting to see price higher today. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with take profit 1 at 1,737.01 (161.8% of wave 1) and take profit 2 at 1,753.74 (261.8% of wave 1). To reduce the risk, we can use invalidation at 1,698.74 level as stop loss. Support and Resistance (S3) 1,683.7 (S2) 1,692.6 (S1) 1,702.2 (PP) 1,711.1 (R1) 1,720.7 (R2) 1,729.6 (R3) 1,739.2 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0355 with stop loss 1.0410 and take profit at 1.0209 are recommended.
  11. NDelic
    EUR/AUD Elliott Wave For the last few days the EUR/AUD pair was trading in an upward move, corrective wave (2) (coloured green) of the bigger wave © (coloured orange) is developing. Yesterday during the Asian and European sessions we could observe strong ascending movement from 1.2621 towards the 1.2667 level. Therefore, during the early New York session the EUR/AUD pair continued trading in a bullish mood reaching a new high at 1.2673 level. We can consider this move as the end of the corrective wave (2) (coloured green). This currency pair is trading around 1.2650 level at the moment and we are expecting to see price lower soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1.2458 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.2675 level as Stop Loss. Support and Resistance (S3) 1.2588 (S2) 1.2610 (S1) 1.2623 (PP) 1.2644 (R1) 1.2666 (R2) 1.2679 (R3) 1.2700 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.2645 with Stop Loss 1.2675 and Take Profit at 1.2458 are recommended.
  12. NDelic
    GOLD Elliott Wave Since our last analysis Gold was trading in an upward move like we expected, impulsive wave 1 (coloured blue) of the bigger wave (1) (coloured green) is developing. Yesterday during the Asian and European sessions we could observe ascending movement towards the 1,726.89 level. Therefore, during the New York session this commodity continued trading in a bullish mood and price reached a new daily high at 1,728.60 level. Today Gold finished development of the 1 wave (coloured blue) at 1,729.42 level and price started pushing lower for corrective 2 wave (coloured blue). Gold is trading around 1,717.70 level at the moment and we expect to see price around 1,752.15 level when development of 3 wave starts. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1,752.15 (161.8% of wave 1). To reduce the risk, we can use invalidation at 1,713.71 level as Stop Loss. Support and Resistance (S3) 1703.2 (S2) 1708.8 (S1) 1719.6 (PP) 1725.2 (R1) 1736.0 (R2) 1741.6 (R3) 1752.4 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 1,721.37 with Stop Loss 1,713.71 and Take Profit at 1,752.15 are recommended.
  13. NDelic
    USD/CAD Elliott Wave Yesterday the USD/CAD pair was trading in aт upward move like we expected, corrective wave (2) (coloured green) of the bigger wave (3) (coloured orange) is developing. During the Asian and European sessions we could observe ascending movement from 0.9763 towards the 0.9804 level. Therefore, during the New York session the USD/CAD pair continued trading in a bullish mood and price reached a new daily high at 0.9858 level. At the moment this major pair is trading around 0.9855 level and we are expecting to see price lower when development of the (3) wave (coloured green) starts. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1 with Take Profit at 0.9745 (100% of wave 1) and Take Profit 2 at 0.9674 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9879 level as Stop Loss. Also it is necessary to monitor CAD Core CPI m/m, CPI m/m, and U.S. Existing Home Sales data that can change the rate of the pair. Support and Resistance (S3) 0.9730 (S2) 0.9766 (S1) 0.9789 (PP) 0.9825 (R1) 0.9861 (R2) 0.9884 (R3) 0.9920 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9845 with Stop Loss 0.9879, Take Profit 1 at 0.9745, and Take Profit 2 at 0.9674 are recommended.
  14. NDelic
    GOLD Elliott Wave Since our last analysis gold was trading in a downward move like we expected, final 5 wave (coloured blue) of the bigger wave © (coloured green) is developing. During the yesterday’s Asian and European sessions we could observe strong descending movement from 1751.37 towards the 1737.38 level. Therefore, during the early New York session gold did not manage to hold this level and price retraced back to 1745.50 level. Today this commodity continued trading in a bearish mood and we are expecting to see price at 1713.34 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 4, we can define the potential targets with measuring wave 4 with Take Profit at 1728.57 (100% of wave 4) and Take Profit 2 at 1713.34 (161.8% of wave 4). To reduce the risk, we can use resistance at 1739.36 level as Stop Loss. Also it is necessary to monitor U.S. Existing Home Sales data that can change the rate of the pair. Support and Resistance (S3) 1722.3 (S2) 1730.6 (S1) 1736.7 (PP) 1745.0 (R1) 1751.1 (R2) 1759.4 (R3) 1765.5 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1733.70 with Stop Loss 1739.36, Take Profit at 1728.57, and Take Profit 2 at 1713.34 are recommended.
  15. NDelic
    GOLD Elliott Wave Since our last analysis gold was trading in an upward move, corrective 4 wave (coloured blue) of the bigger wave © (coloured green) is developing. Yesterday during the Asian and European sessions we could observe ascending movement from 1734.06 towards the level of 1.743.45. Therefore, during the New York session gold continued trading in a bullish mood and price reached a new daily high at 1747.39 level. Today this commodity finishes development of the 4 wave at 1752.72 level. Now we are expecting to see price under 1728.50 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 4, we can define the potential targets with measuring wave 4 with Take Profit at 1728.57 (100% of wave 4). To reduce the risk, we can use invalidation at 1757.05 level as Stop Loss. Also it is necessary to monitor U.S. Building Permits, Housing Starts, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 1727.1 (S2) 1731.6 (S1) 1740.6 (PP) 1745.1 (R1) 1754.1 (R2) 1758.6 (R3) 1767.6 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1744.60 with Stop Loss 1757.05 and Take Profit at 1728.57 are recommended.
  16. NDelic
    USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in an upward move, corrective wave (y) (coloured green) of the bigger wave (2) (coloured orange) is developing. Yesterday, during the European and New York sessions we could observe strong ascending movement from 0.98001 towards the 0.9877 level and we can consider this move as the end of the (2) wave (coloured orange). Therefore, during the second half of the NY and today's Asian session the USD/CAD pair started pushing lower when developing of the impulsive wave (3) starts. We are expecting to see this major currency reaching 0.9730 level in the next few days. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 0.9730 (100% of wave 1) and Take Profit 2 at 0.9637 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9884 level as Stop Loss. Also it is necessary to monitor U.S. Building Permits, Housing Starts, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 0.9771 (S2) 0.9801 (S1) 0.9819 (PP) 0.9848 (R1) 0.9878 (R2) 0.9896 (R3) 0.9925 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9850 with Stop Loss 0.9884, Take Profit 1 at 0.9730 and Take Profit 2 at 0.9637 are recommended.
  17. NDelic
    AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in a downward move, developing impulsive (3) wave (coloured purple) of the bigger wave 5 (coloured blue). During the Friday's Asian and early European sessions we could observe ascending movement from 1.0247 toward the 1.0289 level. Therefore, during the late European and New York sessions the AUD/USD pair did not manage to hold this level and price started pushing lower reaching a new low at 1.0216 level. At the moment this currency pair is trading around 1.0235 level and we are expecting to see price lower in the next few days. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1.0004 (161.8 of wave 1). To reduce the risk, we can use invalidation at 1.0293 level as Stop Loss. Also it is necessary to monitor AUD Home Loans m/m, New Motor Vehicle Sales m/m, U.S. Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m, and FOMC Member Lacker Speaks data that can change the rate of the pair. Support and Resistance (S3) 1.0172 (S2) 1.0200 (S1) 1.0217 (PP) 1.0245 (R1) 1.0273 (R2) 1.0290 (R3) 1.0318 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0220 with Stop Loss 1.0293 and Take Profit at 1.0004 are recommended.
  18. NDelic
    USD/CAD Elliott Wave Last week the USD/CAD pair was trading in a downward move, developing impulsive wave (3) (coloured orange) of the bigger wave 5 (coloured purple). During the Friday's Asian and European sessions we could observe descending movement toward the 0.9767 level. Therefore, during the early New York session the USD/CAD pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9808 level. Today during the Asian session this major currency finished developing of the corrective (2) wave (coloured green) at 0.9810 level and price started pushing lower. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci Extensions (0.9834-0.9762-0.9799), with Take Profit at 0.9695 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9835 level as Stop Loss. Also it is necessary to monitor U.S. Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Business Inventories m/m, FOMC Member Lacker Speaks and CAD BOC Business Outlook Survey, and BOC Gov Carney Speaks data that can change the rate of the pair. Support and Resistance (S3) 0.9750 (S2) 0.9766 (S1) 0.9775 (PP) 0.9790 (R1) 0.9806 (R2) 0.9815 (R3) 0.9830 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9780 with Stop Loss 0.9835 and Take Profit at 0.9695 are recommended.
  19. NDelic
    USD/CAD Elliott Wave For the last few days the USD/CAD pair was trading in an upward move, developing final (Y) wave (coloured green) of the bigger wave (2) (coloured orange). Yesterday during the Asian and European sessions we could observe descending movement from 0.9797 towards 0.9768 level. Therefore, during the New York session the USD/CAD pair did not manage to hold this level and price started pushing higher reaching a new daily high at 0.9817 level. This major pair is developing impulsive (3) wave (coloured orange) at the moment and we are expecting to see price around 0.9593 level soon. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 0.9645 (127.2% of wave 1) and Take Profit 2 at 0.9593 (161.8% of wave 1). To reduce the risk, we can use invalidation at 0.9835 level as Stop Loss. Also it is necessary to monitor U.S. Trade Balance, Unemployment Claims, Import Prices m/m, FOMC Member Stein Speaks, Crude Oil Inventories and CAD Trade Balance, and NHPI m/m data that can change the rate of the pair. Support and Resistance (S3) 0.9752 (S2) 0.9770 (S1) 0.9782 (PP) 0.9800 (R1) 0.9818 (R2) 0.9830 (R3) 0.9848 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9790 with Stop Loss 0.9835, Take Profit at 0.9645, and Take Profit 2 at 0.9593 are recommended.
  20. NDelic
    AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading in an upward move, developing corrective wave (y) (coloured purple) of the bigger wave 4 (coloured blue). During the Asian and European sessions we could observe aggressive ascending movement from 1.0183 towards 1.0262 level. Therefore, during the New York session the AUD/USD pair started pushing lower and price retrace back to 1.0210 level. This currency pair is trading around 1.0275 level at the moment and we are expecting to see price lower when developing of the final impulsive 5 wave (coloured blue) starts. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1.0108 (100% of wave 1). To reduce the risk, we can use invalidation at 1.0340 level as Stop Loss. Also it is necessary to monitor AUD Employment Change, Unemployment Rate, MI Inflation Expectations and U.S. Trade Balance, Unemployment Claims, Import Prices m/m, FOMC Member Stein Speaks, and Crude Oil Inventories data that can change the rate of the pair. Support and Resistance (S3) 1.0146 (S2) 1.0177 (S1) 1.0177 (PP) 1.0226 (R1) 1.0257 (R2) 1.0276 (R3) 1.0306 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0260 with Stop Loss 1.0340 and Take Profit at 1.0108 are recommended.
  21. NDelic
    USD/CAD Elliott Wave Yesterday the USD/CAD pair was trading in a downward move, developing corrective wave ( (coloured green) of the bigger wave (2) (coloured orange). During the Asian and European sessions, we could observe an ascending movement from 0.9770 towards the 0.9800 level and we can consider this move as the end of the flat wave (a) (coloured green). Therefore, during the New York session, the USD/CAD pair did not manage to hold this level and the price started puching lower when development of the ( wave began. Today during the early New York session, this major pair reached a new daily low at 0.9745 level and we can consider this move as the end of the ( wave (coloured green). For today we are expecting to see the upward move to 0.9810 level where we expect to see the end of the final © wave. In accordance with our wave rules and taking into account that the wave C should retrace 161.8% of the wave A, we can define the potential targets with measuring wave A, with Take Profit at 0.9810 (100% of wave A) and Take Profit 2 at 0.9850 (161.8% of wave A) . To reduce the risk, we can use invalidation at 0.9746 level as Stop Loss. Also it is necessary to monitor CAD Housing Starts and U.S. IBD/TIPP Economic Optimism data that can change the rate of the pair. Support and Resistance (S3) 0.9724 (S2) 0.9743 (S1) 0.9755 (PP) 0.9773 (R1) 0.9792 (R2) 0.9804 (R3) 0.9822 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the upward movement. That is why long positions at level 0.9750 with Stop Loss 0.9746, Take Profit at 0.9810 and Take Profit 2 at 0.9850 are recommended.
  22. NDelic
    AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair was trading in an upward move, like we expected, developing corrective wave 4 (coloured blue) of the bigger wave (3) (coloured green). Yesterday during the Asian and European sessions, we could observe a strong ascending movement towards the 1.0190 level. Therefore, during yesterday's New York and today's Asian sessions, the AUD/USD pair continued trading in a bullish mood reaching a new 2-day high at 1.0246 level and we can consider this move as the end of the corrective 4 wave (coloured blue). At the moment this currency pair is trading around 1.0210 level and we are expecting to see the price around 1.0068 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1.0068(100% of wave 1) . To reduce the risk, we can use invalidation at 1.0247 level as Stop Loss. Also it is necessary to monitor AUD NAB Business Confidence and RBA Deputy Gov Lowe Speaks data that can change the rate of the pair Support and Resistance (S3) 1.0115 (S2) 1.0142 (S1) 1.0159 (PP) 1.0186 (R1) 1.0213 (R2) 1.0230 (R3) 1.0257 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at the level of 1.0190 with Stop Loss 1.0247 and Take Profit at 1.0068 are recommended.
  23. NDelic
    USD/CHF Elliott Wave For the last few days the USD/CHF pair was trading in a sideways move, developing corrective wave (4) (coloured green) of the bigger wave (A) (coloured orange). Yesterday during the early European session we could observe descending movement from 0.9398 towards the 0.9354 level. Therefore, during the New York session this major pair did not manage to hold this level and price retrace back to 0.9392 level. At the moment the USD/CHF pair is trading around 0.9370 level and we are expecting to see price around 0.9160 level soon. In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 0.9161(100% of wave 1), and Take Profit 2 at 0.8990 (161.8% of wave 1). To reduce the risk, we can use resistance at 0.9490 level as Stop Loss. Also it is necessary to monitor U.S. Unemployment Claims, Factory Orders m/m, and FOMC Meeting Minutes data that can change the rate of the pair. Support and Resistance (S3) 0.9328 (S2) 0.9347 (S1) 0.9358 (PP) 0.9377 (R1) 0.9396 (R2) 0.9407 (R3) 0.9426 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9355 with Stop Loss 0.9490, Take Profit at 0.9161, and Take Profit 2 at 0.8990 are recommended.
  24. NDelic
    AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair was trading in a downward move, developing impulsive (3) wave (coloured purple) of the bigger wave 3 (coloured blue). Yesterday during the Asian and European sessions we could observe descending movement towards the 1.0200 level. Therefore, during the early New York session this currency pair did not manage to hold this level and price started trading in a sideways move in area between 1.0200 and 1.0235 level. Today during the Asian session AUD/USD reached 1.0182 level and we can consider this move as the end of the wave (3). In accordance with our wave rules and taking into account that the wave 5 should retrace 100% of the wave 1, we can define the potential targets with measuring wave 1, with Take Profit at 1.0115 (100% of wave 1) and Take Profit 2 at 1.0023 (161.8% of wave 1). To reduce the risk, we can use resistance at 1.0300 level as Stop Loss. Also it is necessary to monitor AUD Building Approvals m/m, Retail Sales m/m, and U.S. Unemployment Claims, Factory Orders m/m, FOMC Meeting Minutes data that can change the rate of the pair. Support and Resistance (S3) 1.0156 (S2) 1.0183 (S1) 1.0200 (PP) 1.0227 (R1) 1.0254 (R2) 1.0271 (R3) 1.0298 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 1.0260 with Stop Loss 1.0300, Take Profit at 1.0115, and Take Profit 2 at 1.0023 are recommended.
  25. NDelic
    USD/CAD Elliott Wave Last Week the USD/CAD pair finished developing of the corrective wave 4 (coloured purple) and we could observe downward movement at the end of the week when developing of the final impulsive 5 wave starts. During Friday's Asian and European sessions we could observe a descending movement from 0.9810 towards the 0.9780 level and we can consider this move as end of the (1) wave (coloured orange) of the bigger 5 wave (coloured purple). Therefore, during the early New York session the USD/CAD pair did not manage to hold this level and the price started pushing higher reaching a new daily high at 0.9851 level. Today this major pair finished developing of the (2) corrective wave (coloured orange) at 0.9853 level and we are expecting to see the price lower for the next few days. In accordance with our wave rules and taking into account that the wave 3 should retrace 161.8% of the wave 1, we can define the potential targets with Fibonacci Extensions (0.9860-0.9780-0.9853), with Take Profit 1 at 0.9727 (161.8% of wave 1), and Take Profit 2 0.9697 (200% of wave 1). To reduce the risk, we can use invalidation at 0.9860 level as Stop Loss. Also it is necessary to monitor CAD RMPI m/m and U.S. ISM Manufacturing PMI, Fed Chairman Bernanke Speaks data that can change the rate of the pair. Support and Resistance (S3) 0.9751 (S2) 0.9778 (S1) 0.9794 (PP) 0.9821 (R1) 0.9848 (R2) 0.9864 (R3) 0.9891 Trading Forecast Proceeding from Elliott Wave rules today, the trend is expected to begin the downward movement. That is why short positions at level 0.9810 with Stop Loss 0.9860, Take Profit 1 at 0.9727, and Take Profit 2 at 0.9697 are recommended.
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