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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Our pivot point stands at 3.26. Our preference: the upside prevails as long as 3.26 is support. Alternative scenario: below 3.26 , expe...
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USDJPY is trying to stay with a larger uptrend now after recent reversal down to 95.50 support which appears to be wave iv). Wave iv) f...
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Pivot: 0.806 Our preference: Short positions below 0.806 with targets @ 0.801 & 0.799 in extension. Alternative scenario: Above 0.8...
