EURUSD is trading nicely lower for the last two weeks, which could be start of a new larger impulsive bearish trend. Notice that decline from 1.3400 is much larger compared to first leg down from 1.3450. Well, as we know third waves in the middle of a five wave decline are typical the longest, so we suspect that market is forming an impulsive decline, now with...
#EURUSD: On the weekly time frame we are observing a huge head and shoulders pattern, now right shoulders at resistance. Try our 7 Days Free trial: www.ew-forecast.com | Follow us on Twitter: @ewforecast
GOLD is in recovery mode for few weeks now and it seems that current price action could move even higher in the next few days if we consider a broken trend line of latest five wave decline which suggest that impulsive move from 1680 is complete. Usually when market is in reversal mode the price will retrace back to the territory of a former wave four. In our case...
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Latest update on spx 4/23/2013 www.ew-forecast.com
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detailed chart with trading level www.ew-forecast.com
More detailed chart and analysis at: commoditynp.blogspot.com
More Detailed Analysis & Chart at: commoditynp.blogspot.com
full detailed chart with elliott wave analysis and trading ideas at: commoditynp.blogspot.com
Full detailed chart with elliott wave analysis and trading ideas: www.ew-forecast.com
More detailed chart and elliott wave analysis at www.ew-forecast.com
EURUSD Could Make Reversal Down to 1.2900/50 From 1.3100 Resistance. More Detailed charts & elliott wave analysis at www.ew-forecast.com
More Detailed chart and Elliott Wave Analysis at www.ew-forecast.com
More Detailed chart and Elliott Wave Analysis at www.ew-forecast.com
GOLD found the low around 1540 area after five waves down in wave (iii) from where we are now tracking wave (iv) pull-back as also discussed in our video yesterday. Current three wave bounce could retrace even back to 1575 before market turns lower again. Detailed chart with elliott wave levels ew-forecast.com
Sharp fall on gold seen yesterday from 1600 level with extensions through support line suggests that corrective wave 4 is complete with failure wave (c) at 1617 region. Also notice that recent weakness has extended through the support line of a base channel which is also very important evidence when trying to identify a continuation mode. As such, we think that...
EURUSD remains in bearish mode after only three wave rally from 1.2750 low that was just another temporary pause within ongoing bearish sequence. More details with chart: www.ew-forecast.com