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 ...
-
Pivot: 82.95 Our preference: LONG positions above 82.95 with targets @ 84.5 & 84.9. Alternative scenario: The downside penetration of 82...
-
Pivot: 114.50 Our preference: SHORT positions below 114.5 with 112.2 & 111.65 as next targets. Alternative scenario: The upside breakout...
-
Every day large number of people enter into commodity market with the hope of making big money through commodity trading. But the truth is t...
