Tuesday, February 19, 2013
#Gold (XAUUSD) New Leg Down toward 1560 – #Elliott #Wave #Analysis
On gold we are tracking an impulsive but still incomplete weakness from 1685. We think that prices are headed below 1625 January low but before that market could find a temporary low and retrace back to 1650 in wave iv) before downtrend resumes. Invalidation level remains at 1666.
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: 78.35. Our preference: LONG positions above 78.35 with 78.65 & 78.75 in sight. Alternative scenario: The downside penetrati...
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GBPUSD finally broke higher yesterday after recent unsuccessful push through the lower support line connected from early March lows. N... -
S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...