Monday, February 4, 2013
#USDCAD #Elliottwave Intraday Outlook
If USD is ready to erase some of the recent losses against its rivals,
then USDCAD pair will be on our radar screen. Notice that pull-back from
1.0100 can be easily counted as a double zig-zag complex corrective
pattern. However, only impulses can confirm the bullish trend. As such,
we should patiently wait on rise (if any) back towards 1.0035 before we
can call end of a correction and look higher, back above 1.0100. This
confirmation might save you some pips, in case that pair won't turn
bullish.
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: 78.45 Our preference: Short positions below 78.45 with targets @ 78.05 & 77.85 in extension. Alternative scenario: Above 78....
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Pivot: 92.85 Our preference: SHORT positions below 92.85 with 91.55 & 90.8 as next targets. Alternative scenario: The upside break...
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EURUSD extended its losses today after worse than expected GDP figures from Germany (-0.6%), Italy (-0.9%), France (-0.3%) and also after po...
