What the Charts are saying about Yen - forex target trading reviews

What the Charts are saying about Yen ~ forex target trading reviews

The Yen is at an interesting level now and so are currency pairs and other markets related to it. On a long note, its been dipping since 2011, now at 2007 low.

 Markets go up and down, in spiral form. When the price of a particular instrument goes up, its a normal thing to think of a dip. 

 

The question now is Where? and When?. 

Let me start this analysis from Nikkei 225 index which has a very strong negative correlation with the yen. 

 

Typically when Yen falls Nikkei rises and without any surprises, Nikkei has soared from 2007/08 to a 20 years high region. A fall is expected soon.

 

The charts below show the elliot wave count of Nikkei on the Monthly and Weekly time frames and are looking very strong on the upside. 

 

100% projection of its 5th wave from the 4th wave falls at 2165 and its neighborhood. 

 

The long term rally could end at this resistance level.

 Nikkei is expected to continue the rally to complete the last leg of the sub-wave of the long term bullish move.

 

 

 

The dip in Yen and rally in Nikkei are in very clear impulsive moves and a correction is expected targeting at least the region of the 4th wave of these moves.

Yen currency pairs like CadJpy, GbpJpy, AudJpy, NzdJpy and UsdJpy have been on a long term bullish impulsive move.

The UsdJpy is expected to follow this same pattern as shown in the chart below which also shows the possibe reversal zone by fibonacci extension tools.

AudJpy is illustrated in the chart below to complete the last leg of the long term impusive subwave. The possible region of reversal is indicated.

GbpJpy analytical chart is shown below.

And finally CadJpy

 

 

Updates will come as more price data are included to ascertain this analysis.

I will post updates.

Bookmark this blog

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Forex Trading Perspective Trends Finding New Opportunities - platinum forex trading group review

Forex Trading Perspective Trends Finding New Opportunities ~ platinum forex trading group review

Forex Trading: Perspective, Trends & Finding New Opportunities
Jim Martens shares key insights into trading currencies with the Wave Principle

By Elliott Wave International

In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets -- and how the "simplicity" of Elliott wave analysis has guided him through 23 years of forecasting.
Watch this new interview -- and follow the link below the video to learn how to get a full week of his currency forecasts - FREE - during Forex FreeWeek (Nov 4-11).

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Join thousands of your fellow Elliott wave fans from around the globe during EWIs Forex FreeWeek.
Forex FreeWeek is a 7-day event where you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos from our premium-grade Currency Pro Service.
Currency Pro Services team of four currency experts brings you forecasts for these popular FX pairs:

• EUR/USD
• USD/JPY
• GBP/USD
• USDX, the Dollar Index
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This article was syndicated by Elliott Wave International and was originally published under the headline Forex Trading: Perspective, Trends & Finding New Opportunities. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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EurUsd Next Move Are You Ready - best forex trading course review

EurUsd Next Move Are You Ready ~ best forex trading course review

As EurUsd continues to dip, we ask ourselves— HOW LONG OR FAR WILL IT CONTINUE DOWNWARD?.

On the long term, what we are currently seeing is probably the formation of the last internal wave of the Triangle corrective pattern which started after the completion of a 8 years long bullish impulsive move in 2008. 

 

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Cadchf Escape Route - gft forex trading reviews

Cadchf Escape Route ~ gft forex trading reviews

Trade management is one of the essentials of profitable trading. This is an art that has been mastered by the masters in the business of speculation, trading and forecasting of financial instrument. 

A profitable traders gets along with the trade and take quality unbiased and unemotional decisions along the way.

I posted an analysis of cadchf yesterday, 28th October, when I forecast the long term and short term of this currency pair. You can read the analysis again.

I opted for a short position and presently price has consolidated upward since then. Well I have my trade management in place. I deem it fit to post here because someone could have taken the same decision. 

Am I getting out of the short position?  NO!. 

The bears still have a good chance; the recent bullish triangle formed on the intra day charts could just be the second wave of the expected 5-wave impulsive move downside to complete the B leg of the probable zigzag correction I discussed yesterday and this will hold if price does not break above the first wave.

I expect price to dip from the current level to the zones I highlighted.

Conversely, if price broke the triangle upside, I may exit my short position as market could be on its way to form an intraday impulsive move downside according to the chart below

More update to come later as price show us where its heading to.

I maintain a bearish short term bias and a bullish long term bias until price proves me wrong.

You can connect with me, check my contact

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Danger looming for Equity Forex Markets GBPUSD at 8 month high - forex trading system wikipedia

Danger looming for Equity Forex Markets GBPUSD at 8 month high ~ forex trading system wikipedia

The dollar plummeted against most major currencies on Wednesday after the Federal Reserve said it was making no changes to its USD85 billion monthly bond-buying program.

GBPUSD today is close to an 8-month high, after soaring more than 1.5% over the last 10 days. This poses a problem for Forex Software Traders, who depend on the small market fluctations in stable currencies for profits. Especially for Robots that use the Martingale (doubling) system, these uncertain times could spell disaster.

My personal view is that danger is looming; diversify your portfolio into safer investments, and possibly into Gold/Silver, Bitcoin, or Chinese Yuan (RMB). My best advise is to do your own research into these opportunities and examine if they fit your overall Investment Strategy, based on your Risk Preference.

Source: Bitcoin Boom: Is This the New Safe Haven?

Source: StarfishFX Daily Analysis http://starfishfx.com/en/resource-center/trader-resources/

Source: Forex - GBP/USD holds gains, near 8-month highs http://www.investing.com/news/forex-news/forex---gbp-usd-holds-gains,-near-8-month-highs-252850

Source: Gold Traders Split on Two-Year Anniversary of Peak: Commodities http://sgx-news.blogspot.in/2013/09/gold-traders-split-on-two-year.html

Just a little background, I was using a Forex Automated Software to trade the GBP/USD pair since November 2012. In light of the Economic Instability due to recent World Events, I have since stopped. 

You can find out more about how the Forex Robot works at autoforexsg.wordpress.com. The Robot is still available for purchase, feel free to contact me if you have any questions at all. However, trade with caution!

Source: Youtube - When Will The Economy Collapse?

Source: Youtube - World War 3 Has Already Begun 

Related articles

• Ichimoku Points to a Strong GBPUSD Set-Up off Cloud Bounce (xe.com)
• ForexLive European morning wrap: Pound and yen prevail as markets await the magic from Mr B (forexlive.com)
• Bitcoin Now Has Huge Potential to Thrive in the Market, Says Jonathan Millet (virtual-strategy.com)
• Plus500 Offers New Opportunities for Bitcoin Trading, Reports ForexMinute (virtual-strategy.com)

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EurUsd Bullish Scenerio Activated - online forex trading reviews

EurUsd Bullish Scenerio Activated ~ online forex trading reviews

 

 

 

 

 

The two charts above were used to forecast the movement of Eurusd on an article here titled The Two face of Eurusd. 

 

Despite favouring the bullish move, we had an alternative. 

One of the reasons why the elliot wave theory has been used by successful chartists over many decades. 

 

There are always alternatives and you know when you are wrong. 

Its flexible and allows prices to move the way they want and we can follow religiously.

Price broke out of the region in red and retraced exactly to it. The bullish journey is likely to happen.

 

The period origin of this bullish move was March 2015. 

 

Its expected to be  impulsive, but a deep correction could emerge in double or triple zigzag correction which would force us to note that there could still be some move downside despite the general belief that Eurusd has bottomed on the long term.

The new wave count goes as thus:

 

 

I expect further rally to 1.1800 and 1.2440 (deeper correction). Price will decide in a week or two where it will end in the nearest term.

Updates will be provided here.

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Nikkei 225 index at 15 years high What for Yen - forex trading apprentice review

Nikkei 225 index at 15 years high What for Yen ~ forex trading apprentice review

Japanese stock index, Nikkei 225, nearing 15 years high. Massive impulsive move about to complete probably at 20600-50 level. Massive correction is expected to the south. This could spell something for the YEN

Posted by Sanmi Adeagbo on Sunday, May 24, 2015

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A New Look at Gold - knowledge to action forex trading reviews

A New Look at Gold ~ knowledge to action forex trading reviews

On October 2, I was wondering if Gold was going to have a free ride down after breaking out of a triangle corrective pattern formed on W1 and another triangle on the intra day broken out after the US non farm payroll report (Read the story here). 

I was expecting a pull back and then a bearish candlestick engulfing, but price went back to the triangle it once broken, giving me a reason to re-analyse. 

After spending some time, I saw price bringing out a new picture- a bullish picture!

With a new look at the weekly chart, I saw that price is bouncing off the support line of the triangle after it formed the fourth (a-b-c) zigzag wave to resume a resume the last (a-b-c) corrective move ( triangles move in five corrective wave before completion) which should move close to the upper line of the W1 triangle.

With divergence and momentum oversold at this region, it could well be a good thought- we have a chance.

On the daily chart, I see a completion of a 5-wave impulsive move that completed the fourth wave I mentioned above clearly: and with divergence,channel support and momentum oversold, the bulls are preparing to take the golden initiative

If the bulls are taking over, I will expecting a (5-3-5) upward move to the roof of the W1 chart.

As price adds more, we get its intention more clearly.

Im here to update you, so dont be far

Let me add you to my mailing list. 

Send your E-mail address to Forexmaster05@yahoo.com

Whatsapp: 2348134820569

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Investors Hated Gold at Precisely the Wrong Time What About Now - forex daily trading system reviews

Investors Hated Gold at Precisely the Wrong Time What About Now ~ forex daily trading system reviews

Investors Hated Gold at Precisely the Wrong Time: What About Now?
Sentiment extremes often foretell major turns in financial markets

By Elliott Wave International

Editors note: Youll find the text version of the story below the video.

I came across this sentence in an article about gold:

Nobody expects gold prices to turn up soon...

Another observer put it this way:

There doesnt seem to be anything on the horizon that will make gold prices go up.

It would be easy to think these comments published last week, when golds price reached a 4 1/2 year low ($1,131.85).
But in fact, those comments published on February 12, 2001 -- within days of golds major low of $253. Many investors missed the ten-year bull market in the yellow metal that followed.
The peak of that bull run was Sept. 6, 2011, when gold reached its all-time high of $1921.50. The then-prevailing sentiment was the opposite of 2001. A major global bank announced that golds "fair value" was $10,000 an ounce.
We had a different point of view. Just four days before golds top, The Elliott Wave Financial Forecast featured this chart and commentary.

Commodity fifth waves in major rallies often end in a final spike higher. ...
Golds wave structure is consistent with a terminating rise. As this monthly chart shows, prices exceeded the upper line of the channel formed by the rally from the 1999 low in what Elliott terms a throw-over. A throw-over occurs at the end of a fifth wave and represents a final burst of buying, as the last sub-waves of a rally conclude.

Financial Forecast, September 2011

Sentiment extremes often accompany major trend changes in financial markets. The Daily Sentiment Index (trade-futures.com) showed 98% gold bulls around the time of the yellow metals all-time high. More than that, a Gallup poll showed that Americans considered gold to be the best long-term investment.
Since then, the price of gold has fallen by over a third.
Now, pessimism is again the prevailing sentiment surrounding gold.
On November 10, an analyst told CNBC: "I dont see a reason why gold prices would continue going up - there are more reasons for prices to go down." The head of precious metals at a Canadian bank says, "The [gold] market still looks vulnerable."
On November 7, the largest gold-backed exchange-traded fund saw its biggest one-day outflow in nearly three weeks. October saw its biggest monthly outflow of 2014.
Whats next for gold? You may have guessed, the sentiment is again suggesting that the majority opinion (bearish, this time) will be proven wrong.
New Free Resource: The Gold Report -- 2015
New technical analysis, eye-popping sentiment studies, why most analysts missed golds 2011 top, plus a BIG near-term opportunity developing for gold investors right now. Log in to read the report now »
Dont have a login? Complete your free Club EWI profile to get immediate access to this report >>

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This article was syndicated by Elliott Wave International and was originally published under the headline Investors Hated Gold at Precisely the Wrong Time: What About Now?. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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A new look at Cadchf - day trading forex live reviews

A new look at Cadchf ~ day trading forex live reviews

Before I start,please take time to read my last post on this pair (click here).

Price broke the triangle I talked about and went back immediately giving me no real chance of buying.

The congestion is not looking over yet as we have price moving up and down to form a larger triangle.

As price adds up to itself, we ask ourselves, are we still in line?. Being able to follow price and allowing it to connect with us is very important. Thats why I chose elliot waves analysis as my primary tool.

With what price came up with of recent, it shows clearly that the first corrective wave ( wave 2) of wave 5 of the impulsive moves ( in blue) is about to be completed as a triangle corrective pattern. 

If this is anything to go by, we expect the price to break the upper line of the triangle for an explosive move upside. I will wait for a chance to buy at the break to target 0.8810.

Conversely, if price breaks the triangle downwards, what we will be having is a complex correction or temporary change in trend which requires more studies and patience.

Either way, price determines where it goes and we just have to understand him and follow. We should see a real action next week.

Connect with me on whatsapp: 2348134820569

Facebook: Sanmi Adeagbo

Twitter: @Forexelyte

BB Pin: 7FF79963

Let me also add you to my mailing list to alert you of my new post...                                                  E-mail: forexmaster05@yahoo.com

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Usdcad to 1 1500 - global forex trading reviews

Usdcad to 1 1500 ~ global forex trading reviews

In my last post where I wrote  ( read here) about the two scenerios Usdcad was posing. My sell went well with price only 10pips shy of 1.100 ( my final target) . I went out with 150pips .

With price showing some reversal signals, I had to think of riding wave 5. 

With the recent big rally, the second scenerio is fulfilled and I expect wave 5 to take us to 1.1500. I am on this one for a big ride.

Usdcad has shown itself to be a good market this month. I racked more than 500pips and 1000pips on Gold

What a nice way to end the month.

Thank you for following me.

Register for forex free week directly from elliot wave international. Register here

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Usdcad Party How does it fair - free forex trading robot reviews

Usdcad Party How does it fair ~ free forex trading robot reviews

In the month of October, Usdcad really gave me many pips and I predicted its move almost perfectly with an incredible timing , entries and exits; maximizing almost all the up and down moves

This success story started on 6th July when I predicted a long term bullish move and I have been able to consistently follow through. Markets are really structured.

In the month of October alone,I took a short move on 6th October, 15th October; long moves on 10th October and the recent one on 31st October which could take us to 1.1500.

Each short move I took, I still had it in me that the general trend is up until price proves me wrong. 

I expect the recent upmove to rest at 1.1500 ( though my stop loss is a bit below) where the impulsive 5-wave move cold end for a bearish correction 

I will watch how price wants to play out and will update you. Till then let me enjoy the party!

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Euraud At Critical Wave Zones - automated forex trading reviews

Euraud At Critical Wave Zones ~ automated forex trading reviews

From the weekly chart, it is clear that price is forming a zigzag formation as part of a corrective move to resume the bullish direction.

 The expected bullish move ( if the afformentioned correction is completed ) is expected to be, in a motive mood, the completion of a probable zigzag correction of the larger picture.

 

 

On  a lower time frame, price seems to have completed the bearish correction with an ending diagonal and price is expected to start a fresh bullish move from there especially if the intraday resistance region at 1.4350-4450 is taken out in a motive mood. 

 

 

A retracement to this intra day region could occur in a corrective pattern before price expectedly could resume the bullish mood with more speed and momentum to break the upper channel (in red) of the last correction. 

If the bullish move is activated, we could see a full blown impulsive pattern to 1.7500-1.800 in the long run.

On the contrary, 1.3250 ( on the downside) is a very critical fibonacci confluence point for price to get to before the proposed bullish move. 

Were it not for the ending diagonal formed, I would have waited for price to get to this level before embracing the long term bullish bias.

If the intraday region at 1.4350-4450 couldnt be bridged and instead price starts moving down, then 1.3250 will be a good level to watch out for.

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