Eurusd Is Still Bearish ~ forex trading signals india
Elliott wave theory, consistently, has shown how other technical methodologies are engulfed in it. Almost all the time, Elliott wave theory knows the immediate and long term direction of any market before other technical systems get the half picture.
The bearishness of Eurusd is expected to continue. Price could dip below the 1.0000 level. There is a bearish harmonic bat pattern to be completed at 0.9830-50.
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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On 10th June, we did an analysis titled Audnzd preparing for a new bullish move. We were willing to take a buy trade at 1.0815 with final target at 1.127.
We did and price advanced very fast.
In the last analysis, we used the chart above which showed a systematic impulsive dip that started toward the end of 2010 and ended in march around 1.0 price level.
Price advanced immediately after the completion of the fifth wave in what was expected to be the first impulsive move of a major correction.
This move was expected to end at 1.2770 ( the present price level).
The recent bullish move is a typical motive wave and a pull back is expected as price should advance to 1.2 region.
The chart below shows the first impulsive move of the correction.
1.300 ( a strong resistance) and 1.1475 ( 100% projection of wave 1-3 from 4) are good levels of reversal.
Price is not expected to break above 1.1475 before the intraday bearish movement starts.
From the intraday chart below, well see that price could still move a bit upside, probably above 1.300 before turning to the south. 1.1475 should be held above.
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Anyway! Cable Is Bearish ~ successful forex trading signals
Elliot wave theory is the most complete technical tool to understand the position of price in the framework of the market.. It clearly tells us the degree of any trend and correction within a market structure; when they start and end and what to expect afterward.
The long term analysis of the Cable for more than 20 years can be analyzed by the two charts below.
The rally from 1.363 to 2.122 was a clear zigzag corrective pattern ( a possible wave 2, 4 or B) which is expected to be followed by a 5-wave sell off. The sell of started from 2.122 and has probably completed first two waves, the 1st wave was completed at 1.42100 in a truncated 5th wave followed by a zigzag correction which ended at 1.7230. Price went down in a big momentum to 1.4551.
The dip from 1.72 is expected to be a 5-wave move in a smaller degree. The rally from 1.4551 is corrective and price is expected to sell on a large trend.
The second wave analysis below also supports the long term bearish movement.
The price pattern that ended at 2.1180 was an ending diagonal. An ending diagonal characteristically ends a 5-wave impulsive move. This move is expected to be followed by a 3-wave correction.
The resulting correction is not clear but if the count above holds, we will probably see a zigzag correction. A zigzag correction is a (5,3,5) wave . The first 5-wave ended at 1.4160 followed by a 3-wave correction which ends at 1.72. A 5-wave move is expected to break 1.45 below.
That is how we use elliot wave theory to forecast price movement.
Has the present rally from 1.452 ended to pave way for the sell off?. We answer this question by analyzing price actions in the hourly charts. The hourly chart below show the position of price in the short term.
A double zigzag is probable which, provided price breaks the intraday 1.5695 resistance, could end at 1.65 before the bearish move. A break below the red trendline could mean that price is already for the bearish move especially if the momentum is high.
This is a forecast to determine price direction and zones. We should look for tradable patterns along the direction of forecast. If price moves contrary to the forecast, we can reanalyse and wait patiently for the right time to pull the trigger. Its about spotting high probability trades.
A winning trader does not follow price everywhere. He simply allows the market to connect to him before he connects to it.
JOIN AN ELLIOT WAVE MENTORSHIP CLASS and be an elite trader
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US Dollar is the biggest scam in the history of mankind ~ forex vacuum trading system
Have you ever stopped to question any of the norms of this world? Have you ever though about how money was created, how the banks are creating money out of thin air? Find out more about how the US dollar is the biggest scam in the history of mankind in the video below.
But beyond that, we need to ask, how will this ever affect me?
Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world... because it will change the system . For this is the biggest Hidden Secret Of Money. Never in human history have so many been plundered by so few, and its all accomplished through this...The Biggest Scam In The History Of Mankind.
Related articles
The Biggest Scam In The History Of Mankind (Debt Ceiling Truth) (libertycrier.com)
The Biggest Scam In The History Of Mankind (Debt Ceiling Truth) (disclose.tv)
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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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US Dollar Collapse Imminent where is the safe haven ~ forex volatility trading system
Jeff Berwick is a Canadian entrepreneur, economics, finance, and investment writer, and libertarian and anarcho-capitalist activist. He believes that we are going through a significant market shift. He goes on to say that the excessive printing of money will lead to hyperinflation, and adds, this is exactly what the Federal Reserve is doing now. They have been printing 10% of the money every year, for the last 5 years. He believes that the economic (US dollar and Stock markets) collpase is imminent, and that we should look towards alternate forms of wealth such as Gold or Bitcoins.
Bitcoin, the first free-market non-localized private money, is seen as a great threat to the Governments monopoly of money. However, the recent economic collapses in smaller regions (think Cyprus), have spurred the rise of Bitcoin and its non-centrality as an alternative to the FIAT currency.
Or watch it on YouTube: US Dollar Collapse, Soon Wont Be Able to Buy Gold at Any Price -- Bitcoin - Galts Gulch
Dan Popescu, a global markets strategist and gold expert, shares his thoughts about Gold and China. He talks about a black swan event that is at our doorstep and how that can make the price of gold explode in a day. Gold is important because it is a "hard currency" that has value, as opposed to the FIAT currency which is not backed by anything.
China is a major buyer of gold, and their strategy is to gather a large deposit of gold to be able to properly back up their currency, unlike any other currency now. If the Chinese can successfully back up their currency with gold, they will be able to give credibility to their currency.
The world is becoming increasingly dissatisfied with the current system. He believes, within the next 3 to 5 years, that "well have a currency crisis with a new international monetary system, and gold will defnitely be part of it." Gold will shoot up in a shock, surprise move, and he "wont be surprised" if gold goes above US$2000/oz within a year.
Or watch it on YouTube: Maybe the most important video youll ever see on gold - Interview with Dan Popescu
Another video also highlights that 90% of market movement will come in the last 10% of time. Click here to watch the full video: Silver - 90% of the move comes in the last 10% of the time
Last video I want to share with you is from Ned Goodman. Ned is a Canadian billionaire with a unique perspective on the world economy. He starts off in the video by saying that "the dollar is about to be dethroned as the worlds de facto currency".
He justifies his claim by explaining how the US dollar is backed by nothing, but still has a strong power in the world, because all oil in the middle east is traded with US dollars. That is how the dollar got to where it is today. However, China has recently made deals with Russia to buy oil in Chinese Yuan (RMB), opening the path to international partnership between these two big players. It was also obvious from the tension in Syria, that China and Russia are on the same side. We are heading into a period of "stag-flation" as the Federal Reserve loses its power to print money at will.
We buy things to protect our future purchase power. To continue doing so today, he emphasizes the need to start buying hard assets.
Or watch it on YouTube: Canadian billionaire predicts end of US Dollar as worlds reserve currency - Ned Goodman lecture
For those of you who are still unsure about what FIAT currency means, or how the US dollar is not backed by anything, Ill end of with one of my favourite videos that very aptly answers these questions.
Or watch it on YouTube: When Will The Economy Collapse?
Thank you for reading, and I hope you gained some value from this post. Be safe and all the best!
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Hold Your Gold and GOTS (jsmineset.com)
The Top 10 Ways The US Government Shutdown Will Affect You Today (globalpoliticalawakening.blogspot.com)
The Insidious, Hidden Nature Of Theft By Government (personalliberty.com)
THE FED QE MACHINE: Inflationary Valuations for Gold & Silver (silverdoctors.com)
The Attraction of Anarcho-Syndicalism and a Gentle Admonishment of Anarcho-Capitalism (neilmtokar.wordpress.com)
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Is Cadjpy ready to go down ~ forex trading with signals
On 15th June, we forecast a real strength in Yen. Yen pairs were expected to start falling according to the analysis titled Yen is expected to strengthen acrross board.
After a while, UsdJpy started falling but the Cadyen moved within a range.
We have been watching cadjpy for some time . The completion of the recent medium term bullish move could mean the completion of the long term zig zag correction which started in february.
The chart below shows the intra day wave count. A break below 99.45 could mean the continuation of the bearishness that paused before february.
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A Very Weak Economic Recovery ~ forex news trading academy review
A Very Weak Economic Recovery
By Elliott Wave International
Editors note: The following article is excerpted from Elliott Wave Internationals new free report, "U.S. Economy Still on Life Support." For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. But thats not ALL the government is hiding from you. From foodstuffs, to crude oil prices, to GDP, the numbers and analysis reported by the government and mainstream financial press are misleading at best, downright falsehoods at worst. Get the hidden truth -- click here to read the full two-part report now >> For years, the government has been manipulating its unemployment statistics to line up with its claim that the economy has recovered strongly. Jim Clifton of Gallup finally couldnt stand it anymore and wrote a terrific op-ed on the subject. Here is the meat of it:
If you, a family member or anyone is unemployed and has subsequently given up on finding a job--if you are so hopelessly out of work that youve stopped looking over the past four weeks--the Department of Labor doesnt count you as unemployed. Thats right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news--currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them arent throwing parties to toast "falling" unemployment. Theres another reason why the official rate is misleading. Say youre an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20--maybe someone pays you to mow their lawn--youre not officially counted as unemployed in the much-reported 5.6%. Few Americans know this. Yet another figure of importance that doesnt get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find--in other words, you are severely underemployed--the government doesnt count you in the 5.6%. Few Americans know this. Theres no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie. --Jim Clifton, Gallup.com
The following chart depicts the substantial decline in employment since 2000.
Notice that the recovery in jobs during the stock market rally of 2003-2007 was only about 1/3 of the decline from 2000-2003. The recovery during the even longer and bigger rally of 2009-2014 has been about 40% of its preceding decline. In both cases, the recoveries have been weaker than the declines, despite new highs in the major stock averages both times. Editors note: This article is excerpted from Elliott Wave Internationals new free report, "U.S. Economy Still on Life Support." For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. But thats not ALL the government is hiding from you. From foodstuffs, to crude oil prices, to GDP, the numbers and analysis reported by the government and mainstream financial press are misleading at best, downright falsehoods at worst. Get the hidden truth -- click here to read the full two-part report now >>
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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).
EWIs World-Famous Forex FreeWeek, Nov. 4-11
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
More...
Get your free password for Forex FreeWeek now >>
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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The Long Journey of Euraud ~ forex trading signals subscription
The long term cycle impulse wave from 2.1144 in 2008 to 1.1514 in 2012 is expected to be followed by a 3-wave correction of the same degree ( according to the wave principle).
The first leg of this correction ended in a 5-wave impulse primary wave and its also expected to correct in 3-waves of the same degree which I once forecast to end at 1.3250 before the diagonal that formed at 1.36175.
This diagonal prompted me to believe that the primary wave correction was over.
From 1,36175, price was expected to complete the last leg of the cycle wave correction in a move that should break above i.58619. The rally from 1.36175 was rather a correction ( double zigzag) and this changed my view that the primary corrective wave might not be over yet and I favour price reacting to the correction in a new impulse wave down to 1.265.
price can move in many other ways and it speaks better when viewed from the lower time frames.
Follow the intra day analysis which I update daily in order to track down probable price patterns formed along the wave count.
Click here
Weekly chart of Euraud
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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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UsdCad Is Overbought ~ forex knights trading room reviews
Nothing interests me in this market more than seeing a pattern I recognise. On 6th July ,I speculated a long term upward move of this pair ( Read Here ) .
The bullish move that started on the aforementioned date is looking set to complete a nice impulsive 5 non-overlapping waves on the H4 time frame and Im expecting a dip before price continues the long term bullish trend.
Presently, price has hit a strong resistance at 1.1275 with overbought and divergence signals on Macd and Stochastic respectively, its not bad to think bearish, at least for intra-day moves.
I still maintain a general bullish bias but the bears could take a shot which could be profitable. Targets are 1.1025 ( 38.2 % retracement) and 1.0950 ( 50% retracement)
I will wait for a candlestick bearish reversal formation before embarking on the journey.
Conversely, if price broke 1.1275 in high momentum, then the impulsive move is not yet completed and more price candles will help to verify the next action.
Updates to come. Dont be far
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Support Resistance Confluence ~ how to read forex trading signals
Consolidation pattern, Fibonacci and SMA
S/R Confluence levels/ Zones
Support/ Resistance Confluence zones
5 min Support/ Resistance Confluence zones
1 min S/R Confluence levels
In the US trading session we had a strong Confluence resistance zone on the 5 min EUR/USD chart at about 1.2965 due to 61.80 % fib retracement of prior swing down, 61.80 % fib extension, 200 MA as well as the prior price zone of the consolidation pattern from the day before.
The Understanding of Consolidation pattern is important as these price zones often act as support/ resistance when market approaches these price levels again for the first time.
A further resistance level was the 20 MA on the 1h chart (not shown).
On the 1 min chart we got further confirmation due to the ending diagonal pattern of wave C (up move lost strength as it approached the resistance area + 61.80 % fib extension.)
In general the first step is to find strong Confluence resistance/ support zones and the second to observe price behaviour at these S/R Confluence levels for confirmation.
Fibonacci Confluenc S/R zones
5 min Support Resistance S/R Confluence Analysis
At the open of the US trading session, market bounced from the 1.2920 S/R Confluence support level due to the 61.80 % fib retracement + 100 % fib extension and prior consolidation at the same confluence level.
Furthermore, the 61.80 % fib retracement of the recent swing up didnt break substantially because there was no lower close of the succeeding candlesbelow the range of the red breakout candle (no confirmation).
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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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Is Usdcad prepared to resume the Uptrend ~ forex trading courses in singapore reviews
I have been able to follow this pair nicely since July 6 when I predicted a powerful long term bullish move. Price was resting on the bear sides along the way and , each time it did, never failed to resume the bullish move.
Recently, on 5th october, I predicted a medium term correction after a perceived overbought. Price reacted as well and went down considerably with good profit (already closed 80% of my position).
You can take your time to read all my posts on Usdcad from July 6 to understand what I am talking about.
As we know, that a good trader or speculator doesnt stick to his thought about the movement of the market. He rather is flexible and adjust as price unfolds more information, and he reacts accordingly. He is less proactive and more reactive to price information. He reacts to what is happening and not what could happen. A vivid look on this pair showed me that the recent bearish move we saw in Usdcad is a zigzag correction and price could resume the fifth wave to complete the 3rd wave of the larger uptrend.
Let me start with the weekly chart
What we are having is a motion and uncompleted wave 5. By projection, it should end at the zone painted blue which is a confluence of equality ratio(wave 1 = wave 5) and 61.8% retracement of the last bearish trend. Price could be on its way to fulfill this projection
Going by the 4H chart, a break above the wave 4 upper channel combined with a good bullish momentum should push price to 1.1364 which will be my first target if I decide to buy.
On the other hand, if price is held there and turn down I could be on my way to reach my final target on the bearish note before thinking bullish.
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Gold Rally Is Imminent How Prepared Are You ~ signals of forex trading
Since 2011, Gold has been on a free fall from $1920.5 per ounce and now, only been supported by a psychological $1000 price level.
I labelled the rise to $1920.5 a 5-wave impulse.
From a larger forecasting point of view, Gold might still fall in the future to $671.11 after an expected rally to $1450-1500 price levels. All these will be, if the correction from $1920.50 will be a deep or complex zigzag corrective pattern.
Of course, we can always adjust our analytical forecast as price determines evolving patterns.
Right now, what we see is a clear 5-wave fall from $1920.50 which is labelled as the first leg of the correction of the impulse wave that ended in September 2011.
The weekly chart below shows this clearly.
The second leg, a prospective 3-wave rally, is expected to end around $1450-1500 price levels.
More so, the fifth wave of the impulse dip from $1920.50 is a clear ending diagonal pattern which gives us more confidence as to the expected rally. This is shown in the daily chart below.
$1000, a psychology price level, is expected to hold as a support. A dip below it could hamper the price of Gold going up.
A break above $1100.35 should trigger a long trade as price is expected to break above $1193.7 and to $1300.46 in the medium term.
Lets alert you of high confidence trade set ups. Join a group of happy traders who have been receiving our trade signals both free and premium. We made over 2000pips last month.
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Is the Bitcoin train ever turning back 1000 by year end ~ vegas forex trading system
Could it be that the Bitcoin train is never ever turning back from here? Since BTC prices soared past the previous April high of $266, its been surging up to a high of $440 and building up a resistance level, hitting this peak for the second time in 12 hours. On the 5 day chart, we can form a support at $370. I think this resistance and support levels are highly significant now, and my guess is that the BTC prices will be hovering between $370-$440 (MtGox price) for a good 4 days, at least until the 18th of November. If it breaks above this resistance, I feel like the train is never turning back. Will we ever see bitcoin prices at $250, or even $300, ever again?
Some of you may already know about the Homeland Security hearing on the 18th of November. Why is this important? Well, it really depends on the outcome. But judging from how the US is treating Bitcoins now, siezing MtGox bank accounts, silkroad etc., Im skeptical about any good news coming out of this hearing. If its bad news, we could easily see prices slide to $266, or even way below $200. Otherwise, if news is neutral or positive, we could see Bitcoin prices soar to $800, even $1000, by the end of the year. In the past month, some big names in Bitcoin and businesses have valued Bitcoin at $100k, even $1 million. Do you think thats possible? Tell me in the comments below.
Bitcoins rising demand can also be attributred to more businesses offering BTC as a payment option, since Baidu first did so on 22st October 2013. Some notable brands include Shopify, Subway, with eBay considering it. While in China, you can buy real estate with BTC, and beer for BTC in Singapore!
On the other hand, there have also been a significant increase in the number of hackings. Several exchanges have fallen just this month alone, along with some wallet services such as inputs.io. Could the vulnerability of such services compromise the price of Bitcoins significantly?
How would you value a Bitcoin? Author Squeaky Wheel categorizes 3 ways in which we can measure the valuation of bitcoins:
1) compare to gold (GLD),
2) compare to a company providing similar service such as Western Union (WU) or Paypal (EBAY), or
3) calculate values needed to support the transactional value.
I personally agree with the third method, because I believe that the value of Bitcoins are purely dependent on demand, which is in turn increased as more services are built to make it easier transact in cryptocurrncies. Of course, political and regulatory factors will also have a large effect on Bitcoin prices. So lets see what happens on the 18th of November 2013.
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Sources
Vinkelvoss twins: Bitcoin should be worth over 100 times its worth today http://www.cnbc.com/id/101190181
How High Could Bitcoin Value Soar? - Satoshis Billion Dollar Pizza
http://www.youtube.com/watch?v=yXMYXY2T6Ws
EBay eyes use of Bitcoins in online commerce http://www.dw.de/ebay-eyes-use-of-bitcoins-in-online-commerce/a-17202747 As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price- China, buying real estate with bitcoins http://www.coindesk.com/bitcoin-exchange-btc-china-experiences-time-price-high/
Shopify now takes Bitcoins http://thebitcoinnews.co.uk/2013/11/12/shopify-now-takes-bitcoin-brooklyn-bodega-discount-subway-bitcoin-in-pennslyvania-redo/
Beer for bitcoins singapore http://www.youtube.com/watch?v=R2fDYJFMXEg
$1.2M Heist Doesn’t Bode Well For Bitcoins as Secure Currency http://socialtimes.com/1-2m-heist-doesnt-bode-well-bitcoins-secure-currency_b137530
Bitcoin Part 2: Valuation? http://seekingalpha.com/article/1833202-bitcoin-part-2-valuation
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