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 ...
-
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... -
Pound is already recovering about we warned you yesterday when we highlighted a five wave fall in wave 3). Notice that current prices are al... -
S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...