Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp - forex trading signals indicators

Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp ~ forex trading signals indicators

Yen may continue its weakness against major currencies especially the dollar. Currency pairs like Audjpy and Gbpjpy are also set for a long term further bearish move.
The technical chart of Eurgbp shows how Elliott wave theory can consolidate the formation of chart patterns.
The technical chart of Cadchf also indicates how Elliott wave can confirm harmonic patterns.
 When all these technical tools are combined, there is more clarity of what the market could do.

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Gold Update Emerging Intraday Ending Diagonal - forex trading ea reviews

Gold Update Emerging Intraday Ending Diagonal ~ forex trading ea reviews

As part of the bullish reversal in Gold, I discussed an end of wave 5 formation on 11th November and I followed it with a buy order which went well. 

I posted intraday price updates on 13^th November and 17^th November which all went well to support the bullish move.

The general trend is still down. The recent bullish move is a typical ABC correction format and in short time, price should crash downward.

Presently, the C leg of the ABC correction is forming an ending diagonal which should complete at resistance zone (1210- 1230), a 161.8% extension of A from B. 

If price gets to this region and breaks below the support zone of the diagonal, then we could see a real move downward in a 5-wave motive move to 1000. 

I will update you here as we get more action from price

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Usdcad in a Complex correction - forex grid trading ea review

Usdcad in a Complex correction ~ forex grid trading ea review

On tuesday, 11th November, I posted an analysis of this pair and I stated the reason why price is on a bearish correction.

The move form 26th July has successfully completed a 3-wave or 5-wave impulsive move, and we are expecting and end of wave 5 or wave 4 correction. 

In either case, there is a correction and the market is expected to dip to the region of 1.1215 and 1.1140 ( 38.2 and 50 % retracement of wave 3 respectively)

Before the close of yesterday, we saw wave 4 forming a complex correction ( double zig zag) breaking 1.1370 intra day resistance ( check the intraday chart below ) , and immediately pull back to expectedly continue the dip. 

Price has previously moved down in my favour to take 90pips but no profit was taken as price hasnt dipped to any of my targets yet.

I still hold my sell with stop loss reduced from 95 pips to 40 pips. we should see more action next week. Its time to enjoy the weekend 

 I will update you as price advances. 

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Dollar Index Preparing For A Deep Correction - forex trading course reviews

Dollar Index Preparing For A Deep Correction ~ forex trading course reviews

After a very long time, the dollar is finally testing the bearish side. 

The long term advance  that ended temporarily or permanently at 100.765 is appearing to favour the bearish side in what looks like a deep correction. 

 

Double and triple zigzag corrective patterns form typical swings of higher highs/ higher lows for the bulls and lower highs/lower lows for the bears. 

 

Price is expected to break below 93.06 (the last low) to form a lower low, and that would be a typical double zigzag. The dip is projected to get to 90.30. 

 

This should affect Usd currency pairs especially the Eurusd which is presently forming the same pattern to the upside.

Price will prove everything right or wrong. Elliot waves theory helps to follow price and project possible turning points.

The labelled support and resistance levels in the chart below should be watched with keen interest.

Updates will come as price movement proceeds

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Yen Is Expected To Strenghten Across Board - forex trading reviews blogs

Yen Is Expected To Strenghten Across Board ~ forex trading reviews blogs

On 3rd June we had an analytical report titled What the Charts are saying about Yen. We saw how Yen has dipped for many years, from 2011 and making a 4 year low.

We made comparisons with other Yen pairs and forecast an imminent reversal in the event of things, but not until further movement up.

We forecast levels of reversal for UsdJpy, CadJpy, GbpJpy, AudJpy. Among all these pairs, we chose to look closely at UsdJpy and CadJpy

#UsdJpy

Price broke above the intraday triangle (intra day wave 4) to move in a clear 5-wave impulse to the upside. 

The intraday wave structure is labelled below.

 

 

The wave intraday 5-wave perfectly fulfill all elliot wave rules and guidelines for an impulsive wave.

As expected, price crashed below the 4th wave and then retraced to 124 which is a good intra day resistance. 

Price could crash further to 119 ( the low of the longer term 4th wave).

 

We took our sell order at 124 last week with stop loss slightly above 126 and our first ultimate target at 119. 

 

We had the courage to take this trade because we percieved the Yen might start strenghtening across board and with a deeper bearish corrective bias on Usd Index. 

 

#CadYen

 

After the completion of the triangle 4th wave, we took the ride up and exited at 101 for  a profit of 170pips.

 

 Price forming a rejection sign at a crucial resistance level. It might start falling from there as expected

 

 

 

Updates will come later.

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Nzdcad The Long Term Correction Upside Is Not Over - trading signals in forex

Nzdcad The Long Term Correction Upside Is Not Over ~ trading signals in forex

The weekly chart above shows the activities of price from 0.6908 to 0.9675 and back to 0.8111. Price is in a long term bullish move. The rally is corrective and is projected to continue to 1.0861. Quite long...huh?

The projected corrective pattern is a double zigzag .

The recent dip in the 4hr chart below is a double zigzag correction which is projected to end at 0.8895-0.8750 before the rally continues.















If price advances and breaks above 0.899, there will be a good buying opportunity.

Price can alternatively, as shown in the 15min chart below, dip further to 0.88 regions and it will be good to look for buying signals
























You can watch the video of this analysis below






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GbpJpy In a correction upside How to take advantage! - free forex trading signals mobile

GbpJpy In a correction upside How to take advantage! ~ free forex trading signals mobile

In the last video I released, I made an analysis of how I intended to sell GbpJpy. My sell entry was satisfied and I sent a message across to my subscribers to sell GbpJpy which gave us more than 800 Pips.

We are already out.

This is the new view . Watch the video below. If the forecast is satisfied, we will consider buying at the price mentioned




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NzdJpy Would these combined corrective patterns trigger a bearish move - latest forex trading signals

NzdJpy Would these combined corrective patterns trigger a bearish move ~ latest forex trading signals

On 16th February, I did a video analysis pointing at a long term flat pattern emergence. See here .

The chart above was used in the analysis.

Price is projected to move in a motive wave and the first wave is still in motion, probably in the final phase i.e the fifth sub-wave.

With price projected to dip to the 70 price region with about 600 pips away and a motive wave, an impulse wave or an ending diagonal.

The video below explained further how price could move.



The second sub-wave of the fifth wave is complete and price is in motion to complete the third wave.

See the chart below

The chart above shows how the third wave of the 5th sub-wave is emerging. A combination of zigzag pattern followed by two different flat patterns shows that the recent intra day bullish drive will soon be exhausted for the bearish trend to continue in journey that could get to 70 price level.

The chart below shows the plan.

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Is Usdcad Ready For The Bullish Resumption - forex trading demo reviews

Is Usdcad Ready For The Bullish Resumption ~ forex trading demo reviews

If you want a comprehensive analysis on Usdcad, you can read the one I did on 20th of this month. The analysis supports a bullish move.

The recent bearish movement we had ( if completed) is a bearish complex correction and I expect Usdcad to rake high to 1.1850 ( more than 500 pips away) in a new bullish motive wave.

Coupled with the fact that Usdcad has a very strong negative correlation with Oil price which is dipping so fast, I won’t be surprised if the move is very fast to the north.

I will wait for an intraday retracement to 1.1310-1.1300 before taking a long bullish adventure on Usdcad

Meanwhile, I have a new wave count which doesn’t contradict my bullish bias

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Gold Update Still maintaining bullish correction - etrade forex trading reviews

Gold Update Still maintaining bullish correction ~ etrade forex trading reviews

On 11th November,I posted an analysis on Gold here.

 I wrote about the end of the first impulsive move that broke the long term weekly     ( wave 4 ) corrective triangle. I labelled this impulsive move on the intraday chart as the first wave of wave 5 ( to complete the long term bearish trend).

Gold reacted to the end of the impulsive move and look ready for the correction properly. 

Presently, price is consolidating in a triangle corrective pattern and if it manages to break out of it, we should see further intra day rally for another 300pips before the bearish trend continues. 

A break below this triangle will call for an alternative count. We should be ready to flow with the price and with what help can we do that better?....If not elliot wave analysis.

I will keep an update as price advances

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Gbpchf The Long Term View - profitable forex trading signals

Gbpchf The Long Term View ~ profitable forex trading signals

From the monthly chart below, it can be seen that Gbpchf has declined in 3-waves from 2.7328 to 1.13825 in a move that lasted for more than a decade.
The move is expected to be an impulse wave.

The rally from 1.13825 (2011 low) is expected to be the 4th wave of the impulse. Price has tried many times to break above 1.5600, which has now become a strong resistance.

The 4th wave which began at 1.13825 (2011 low) is getting set to complete a flat corrective pattern.

Flat patterns, according to elliot wave theory, are 3,3,5 patterns; the first wave wave is corrective (3-wave), the second wave is also corrective (3-wave) while the terminating wave (5-wave) is a motive wave (impulse wave or ending diagonal).

The weekly chart below shows the internal/building waves of this 4th wave.

The terminal wave of the flat correction is completing an ending diagonal. The 5th wave of the diagonal will be expected to be a 3-wave as indicated in the chart below.

If price is contained below 1.5600 and breaks below the trendline connecting wave 2 and 4 of the diagonal, there will be an opportunity to put a long term sell order to ride to 1.38 and below.

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Continuation Of Eurusd Bullish Correction How probable - binary options trading signals forex peace army

Continuation Of Eurusd Bullish Correction How probable ~ binary options trading signals forex peace army

Its been long that I havent updated on this pair. The last analysis titled Eurusd Intraday Update was about how far price has reacted after the rise from 1.046.

Price from 1.046 is clearly engaging in a correction after a long term bearish move. The correction was expected to be a double zigzag pattern

The correction has already completed the first two legs of the prospective zigzag pattern. The last leg could take price to 1.23-1.25 resistive region.

The chart below shows the clear pattern forming within the last leg of the correction.

The last of the correction which ,on its own, should be a zigzag pattern is in the process of its second leg ( a probable triangle pattern). If this triangle pattern completes as indicated in the chart above, price would be expected to break above 1.1480 in a new bullish journey to 1.23-1.25 zone.

Triangle patterns are one of the corrective elliot wave patterns and they mostly signal the last drive of the prevailing trend (whether motive or corrective) before a bigger trend or a correction resumes.

An opportunity for a long trade will present itself if this triangle pattern is formed as forecast and price does not break below 1.10722 resistance level but rally above to break the triangle upside.

The bullish correction does not look ended unless price breaks below 1.10722 convincingly in high momentum.

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