Sunday, February 3, 2013
Gold elliott wave count is pointing lower.
Gold spiked higher after the NFP but despite this bullish run, our wave count is pointing lower. The reason is structure from 1652 which cannot be counted impulsively, therefore we think its a complex corrective move with another possible test of 1683 before larger downtrend resumes.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pound is falling sharply for the past two weeks from 1.6180 Jan 11 swing high. Notice that decline from that high can be easily counted in ... -
At the start of January we discussed about two possibles with members regarding the pattern on Dollar Index in wave (B) position; we menti...
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EURGBP is trading sharply higher, now already up around 5.8% since start of January and it seems that current bullish trend will not end a...
