Two face Of Eurusd - forex trading brokers reviews

Two face Of Eurusd ~ forex trading brokers reviews

I have for some time now keeping a bullish bias on this pair. After the very long term bearish correction, thinking the market will return from there is not a bad idea; after all markets,we are taught, rise and fall in time and price.

I have done some long term analysis which speculated a bullish resurgence. You can scroll down the blog to read them.

Price did rise from the zone I speculated and I really made a good run of profits, on two different occasions. 

The bullish move is expected to be an impulsive move. 

Any sign of corrective pattern could signal that price could still dip further to complete the last leg of the bearish run.

Viewing the intra day chart, I have two positions to satisfy the two scenarios mentioned above. 

 

The intraday movement of price around the intraday zone(in red) could make all the difference in determining where the breakout will occur.

The either movement will confirm any of the wave count that birthed it.

Let price decide and we can follow.

 

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Intraday Analysis Gbpchf - forex-trading-signals.net. forex-today

Intraday Analysis Gbpchf ~ forex-trading-signals.net. forex-today

In the last two videos I updated, I noticed that Gbpchf is in the process of a 5-wave impulse bearish move after breaking out the long term ending diagonal in the article titled All Eyes On Gbpchf

The 5th wave of this impulse wave appears to be an ending diagonal as seen in the chart below.

If price completes the leg and breaks above the ii-iv connecting resistance trendline as shown in the chart above, there will be a good buying opportunity . Price will be expected to move towards 1.4800 level.

Price is expected to be supported by 1.4160. A break below will make this forecast invalid.

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AudNzd Preparing For A New Bullish Move - forex trading reviews news

AudNzd Preparing For A New Bullish Move ~ forex trading reviews news

From the weekly chart below, its clear how this pair has dipped from year 2010. In a clear 5-wave impulsive move, price bottomed at almost 1.00 making Aussie at par with Nzd. 

 

 

1.00 was a very strong psychology level and price , as expected, advanced in what look like a five wave impulsive bullish move of a lower degree.

The lower degree bullish move is expected to reach 1.127 which a strong resistance.

 

The pattern forming from the intra day chart below is a zigzag correction making the fourth wave of the bullish advance discussed above. 

 

 

An intraday break above 1.0817 should trigger the bullish move and the near target should be 1.127 if 1.09 resistance is broken upside

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Gold Expected Rally An Alternative View - forex trading signals online

Gold Expected Rally An Alternative View ~ forex trading signals online

On 21st December, 2015, we posted a forecast on an expected Gold rally. We quoted thus:

Gold might still fall in the future to $671.11 after an expected rally to $1450-1500 price levels

 This view was supported as a result of a clear 5-wave impulse wave from $1920.50 which was expected to be supported above $1000; and was labelled as a clear 5-wave.
We posted this chart.

The 5th wave is an ending diagonal pattern formation . It can be seen in the daily chart below as we have posted in the analysis.

Read the full analysis here.

Price is expected to rally and if it breaks the demand trendline of the diagonal, it will be expected to soar to $1399 and above.

Price will be expected to rally, if the diagonal is completed, in a motive wave.

Meanwhile, we have an alternative view.
Can price rally a bit and then dip further below $1040?... Yes it is possible.

The chart below shows a clue.

It can be seen from the chart above that the first four waves of the diagonal are typical 3-waves corrections. The 5th wave can form the same pattern- rally in corrective waves and fall to be contained by $1000.

The chart above is the hourly chart which shows the first leg of a probable 3-wave 5th leg of the diagonal. A rally up and then a dip down will be expected if the rally is corrective.

The first four waves of a diagonal are usually 3-wave drives, the 5th wave could either be motive or corrective.

Price itself will prove which of these scenarios will hold.

Our subscribers are already in a buy position since december and we are watching closely to see how price reacts if a bit of rally will happen or a total breakaway.

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Eurusd Could Rally In A Decade - forex trading alerts review

Eurusd Could Rally In A Decade ~ forex trading alerts review

On 19th March 2015, I posted an analysis on why price could possibly come to the end of the long term bearish correction which lasted for about 7 years and dragged Euro from 1.6 to 1.1 ( more than 5500pips). Read here

We could also note the preceding bullish impulsive move from 2000 to 2008 ( a period slightly more than 7 and half years) that took Euro from 0.8 to 1.6, about 7800pips.

 

The retracement is about 70.7% ( infact trapped between 61.8% golden ratio and the 70.7% square golden ratio) retracement of the preceding bullish impulsive move ( move from 2000-2008). 

 

The 70.7% retracement supporting price movement shouldnt be surprising if we also take note that the ratio of 5500pips to 7800pips is about 0.707.

The Origin of the square golden ratio 0.707

 

Whether this is a coincidence or price is speaking in mathematical ratio, only time will tell.

 

This long term retracement has completed a double zig-zag corrective pattern and price is expected to rise in another years of bullish trend to break above 1.6 (Year 2008 high). 

 

 

The prospective long term bullish trend will expectedly subsume the daily and intra-day bullish and bearish trendy and corrective actions.

 

Its still a big debate which decides the other; fundamental or technical analysis?.

Fundamental analysis claims to know why things happen from decisions made while technical analysis studies the behaviour and forecast the decisions years before they are even made.

If Euro rises against the United states dollar above 1.6  to 1.8 in about a decades time or more, I might have to believe the technicals are the winners.

 

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EurAud Rally After The Diagonal - maverick forex trading reviews

EurAud Rally After The Diagonal ~ maverick forex trading reviews

 

 

 

The charts above were used to analyse Euraud on 2nd June, titled Euraud at Critical Wave Zones. 

 

We saw from the weekly chart that there was a divided thought on the decision to take a bullish conviction.  

 

The correction was projected to complete at 1.3250 ( a good fibonacci and psychology level) but the formation of the ending diagonal posed an early completion and price is expected to rally further.

The intra day resisting region at 1.4350-4450 quickly came to mind. 

We thought that a bounce from this region could invalidate the diagonal (since price will still be within its territory).

As price broke above this resisting region, the bullish move was activated.

 

 With the strength of Euro across major currency pairs, Euraud might rise higher to break above 1.5341, 1.5829 and soar high.

 

 

 

Price will validate or invalidate this.

 

  You can get updates here

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Gold Rally Is Imminent How Prepared Are You - signals of forex trading

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.

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What Did You Do With The Gold Rally - trading signals forex market

What Did You Do With The Gold Rally ~ trading signals forex market

On 21st December 2015, we forecast a rally after an ending diagonal formation which terminated the impulse bearish move since 2011.

Read the analysis HERE

We expect price to go higher.

Watch the video below

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Weekly Elliott Wave Analysis 11 01 (updated) - near trading forex signals

Weekly Elliott Wave Analysis 11 01 (updated) ~ near trading forex signals

The elliott wave intraday and long term forecast and analysis of Gbpchf, Audchf, Euraud, Gold, S&P 500, Usdcad, Crude Oil, Dax 30, Eurgbp, Usdjpy

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Gold Intraday Triangle - long term forex trading signals

Gold Intraday Triangle ~ long term forex trading signals

Gold is presently in an intraday triangle pattern. If price breaks it down , we might see Gold selling at $1152.
Watch the following video

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