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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Pivot: 1.2105 Our preference: Long positions above 1.2105 with targets @ 1.2135 & 1.215 in extension. Alternative scenario: Below 1...
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Pivot: 30.60 Our preference: LONG positions above 30.6 with 31.25 & 31.7 in sight. Alternative scenario: The downside penetration o...
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GBPUSD is in sharp uptrend for the past two days, which was expected from a technical point of view after five waves down in red wave 5...
