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AUD/CAD Elliott Wave Count

Daytrader21 Posted 15 Aug. as Analysis on AUD/CAD, Target: 0.9344, Date: 1st of October, 12:00 GMT  in #Technical analysis #AUD/CAD #Elliot Wave #Psychological Number #Zig Zag Pattern #Fibonacci Level
Based on the Elliott Wave analysis AUD/CAD is headed much more lower (see Figure 1). We're in a very complex corrective pattern which suggest lower price in the weeks and months ahead.Right now we're forming a double zig-zag pattern of lesser degree which is based on the wave X connector of higher degree which should end near the 50 fib retracement at around the 0.8000 big round number.
Major Levels to watch:
[list][/list]…
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Daytrader21 30 Sep.

Update 5: Right now we have retested the resistance level at 0.9380 but we have gone up until the round number 0.9400 and beyond, however if we can't get a daily close above this level we can turn back and retest support level at 0.9320.

WallStreet6 avatar
WallStreet6 30 Sep.

Great forecast! One day to go and less than 100 pips away. It can still get closer! Too bad the Aussie came back above 0.70. I was also anticipating further depreciation of the Aussie.

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Daytrader21 30 Sep.

Update 6: As expected we close below the round number 0.9400 as well as below key resistance level 0.9380. Currently we're trading only 16 pips away from my target and tomorrow trading range looks straight forward as we have resistance at 0.9380 which I'm expect to be retested and from there to be heading down towards support level of 0.9320. My forecast price is right in the middle at 0.9344

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WallStreet6 30 Sep.

This is really close to your target. You should make a nice win with this one. Good Luck!

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Joe_Vulcan 15 Oct.

Elliot waves are the most accurate forecast tools. Can't live without them.

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AUD/CHF Inside Down Channel

Daytrader21 Posted 30 May as Analysis on AUD/CHF, Target: 0.7090, Date: 1st of July, 12:00 GMT  in #Technical analysis #Elliot Wave #AUD/CHF #Channel #Audchf #Snb Black Swan #Range Box
On the daily chart we can see that since the SNB black swan event the market has been moving inside a downward channel (see Figure 1)which can also be a diagonal, and based on the Elliott Wave we should see a 5 wave move inside the channel before the market to decide on it's direction. Currently we're in the stage of developing the 3rd wave but first we'll need to hit the lower limit of this channel at around the big round number and psychological number 0.7000 where a bounc…
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Daytrader21 14 June

Update 1: As expected after we broke below key support level at 0.7250 the market is now using the same level as resistance as this past week we already had a successful retest of this level. Next key support level stands at big figure 0.7000 which should act as the bottom of current range bottom.

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Daytrader21 19 June

Update 2:As expected we found support near the big figure 0.7000 at 0.7050. Right now we are in a range mode with resistance at 0.7300. Next week we should expect further consolidation between this two limits.

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Daytrader21 26 June

Update 3: We're still in the wave 3 stage (see figure 1) and before to continue higher to form the next wave cycle we need another retest of the big figure 0.7000 and complete the wave sequence. In order for this to happen we need the 0.7180 to act as resistance and a break below current week low  at 0.7120

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Daytrader21 29 June

Update 4: Even though we broke below last week low at 0.7120 and also hit our target at 0.7090 right now the market is experiencing a small bounce. We still need that false break out towards the big figure 0.7000 in order for the wave cycle to be completed so watch out for more downside tomorrow

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EUR/JPY Elliott Wave Cycle Completed

Daytrader21 Posted 15 May as Analysis on EUR/JPY, Target: 133.9600, Date: 1st of July, 12:00 GMT  in #Technical analysis #EUR/JPY #Liquidity #Elliot Wave #Range #Support And Resistance
Based on the Elliott Wave analysis EUR/JPY has completed a five wave sequence from the 2012 bottom and right now we're in a corrective process which should keep this pair in a wide range. For the time being the 136.00 level and pivot point should act as support and because we're entering the summer time period where liquidity is generally low and usually the market is moving in a tight range we should expect the market stay inside the 136.00-130.00 range.
Major Levels to …
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Daytrader21 16 May

Update 1: The level 136.50 is still holding the market for going up as expected and next week we should see a pull-back inside the range. Support stands at 134.00 current bottom of range box. The market is still in consolidation and us such look for more range bound.

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Daytrader21 22 May

Update 2: The market is moving as per my plan and we're still trading inside the range box. Key level to keep in mind for next week are 133.00 bottom of current range and also support level and the middle of the range which comes at around 135.50 which is also a pivot point.

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Daytrader21 29 May

Update 3: As expected from my last week update the 133.00 level has acted as support and we had a strong rally and we're heading for a retest of current box top which comes at around 137.00 which should act as resistance and send price lower again. First level of support for next week comes at the big figure 135.00

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Daytrader21 14 June

Update 4: Unfortunately we broke higher and right now the next range box is about to be established above 136.50 level. We have to wait and see if current high at 141.00 will hold or not in order to validate my forecast or not

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NZD/CHF

Daytrader21 Posted 14 May as Analysis on NZD/CHF, Target: 0.6727, Date: 1st of July, 12:00 GMT  in #Technical analysis #NZD/CHF #Elliot Wave #Psychological Number #Abc Correction #Range Box
On an intraday level we can count the Elliott Wave cycle which suggest that there is more room to the downside. Currently we have developed only 3 wave and we're in the stage of developing wave IV before another leg lower which can take shape of another 5 wave cycle of lower degree. Right now wave number IV should end at 0.7000 big psychological number and round number. In this regard we should expect one more push higher towards the 0.7000 big round number to complete the ABC p…
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Daytrader21 14 May

The title of this prediction should have been: NZD/CHF Elliott Wave Count

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Daytrader21 16 May

Update 1: NZD/CHF is playing inside a tight range between 0.6800 support level and 0.7000 big round number and resistance level. We still need another new low for the Elliott Wave sequence to be completed.

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Daytrader21 22 May

Update 2: Right now the market is still inside the same trading range box that was last week within the following limits: 0.6770 support and bottom of the range and 0.6930 resistance and top of the range. This looks like an accumulation range from where price can break away and retrace all the way back towards the 50% fib retracement from previous swing wave, before a return and a retest of the range.

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Daytrader21 14 June

Update 3: Even though we broke below the key big figure 0.6500, we broke right into a big pivot point and we should see this pair moving back up inside the range. We should see some more consolidation between current support at 0.6460 and resistance level at 0.6600

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NZDJPY Range Box Effect

Daytrader21 Posted 14 May as Analysis on NZD/JPY, Target: 90.8400, Date: 1st of July, 12:00 GMT  in #Technical analysis #Elliot Wave #Correction #NZD/JPY #Range Box #Price Structure
NZD/JPY has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can see how this price action looks like. Usually when we enter in the territory of a new range boxes the new boxes that will form in the right side of the chart will use the middle of the range box from the left as the top and as the
bottom will use the middle of the box from beneath the price action where mos…
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Daytrader21 16 May

Update 1: Next week support level stands at the 88.00 level and previous swing low point, which is also wave X of our double zig-zag pattern, From here on we should expect either consolidation without the low to be taken our or a move straight to the upside.

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Daytrader21 22 May

Update 2: Since last week nothing much has happened as the market was moving inside a narrow trading range between 89.30 resistance level and 88.30 support level. The market may need another retest of the 87.00 level before going higher and resume the wxy pattern

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Daytrader21 29 May

Update 3: The 88.00 round number and support level has been again retested but we couldn't break below it. Look next week for a rebound. Right now we're in a tight range between 88.00 support level and the big round number 90.00 which act as resistance.

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USD/JPY Elliott Wave Cycle Completed

Daytrader21 Posted 3 Jan.  in #Trader's blog #USD/JPY #Boj #Fed #Elliot Wave #Range #Abc Correction
I've posted this view on USD/JPY in the Technical Analysis Contest and I thought to share it here as well, you can find the original post here: USD/JPY Elliott Wave Cycle Completed
Based on the Elliott Wave cycle the bullish trend that started in 2012 in USD/JPY as completed a 5 wave move(see Figure 1) and in this regard now we can expect some type of correction. This bullish move was quite straight forward without much correction only a shallow correction in wave IV. Now that we have com…
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GBP/CHF Upward Channel Final Stage

Daytrader21 Posted 20 July as Analysis on GBP/CHF, Target: 1.5226, Date: 1st of September, 12:00 GMT  in #Technical analysis #Elliot Wave #GBP/CHF #Range #Upward Channel
GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that we have multiple touch of support and only one touch of resistance. This multiple rejection of…
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Daytrader21 3 Aug.

Update 2: finally the market has started breaking lower and although we are few pips away from our target as per my prediction we should see a break lower below previous sing low of 1.5200 all the way down until 1.5150 before going back up and retest the broken trend line

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Daytrader21 9 Aug.

Update 3: As per my previous update we finally broke and close below 1.5200 which is a false breakout as per my forecast right now we should see market pulling back up to retest the broken trendline.

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Daytrader21 16 Aug.

Update 4: It may be the case that my timing on this prediction is wrong as it seems wave D is already developing and we may not get any pullback as per my expectation. However 1.5000 is a big round number and as long as this level stay intact the market can rebound.

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Daytrader21 24 Aug.

Update 5: Indeed 1.5000 level has kept the market for further declining and as long as it stays intact we can see momentum gaining up speed again. However we need a break and close above 1.5180. Currently price is in congestion between 1.5180 resistance level and 1.5050 support level.

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Daytrader21 30 Aug.

Update 6: We're only 13 pips deviation from my projection but this current mini rally looks corrective and it's heading right into a daily pivot level which should provide enough support for the market and cap any upside movement. And based on Elliot Wave this should be wave 2 of bigger wave D which should develop in 5 wave movement. For next week we have resistance at 1.5250 and with support at 1.5180.

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AUD/CAD Summer Trading Conditions

Daytrader21 Posted 16 July  in #Trader's blog #Volatility #AUD/CAD #Elliot Wave #Correction #Summer Trading
Today I want to share a trade pattern idea that I've posted few weeks ago in the Technical Analysis Contest, you can check out that prediction here as well: AUD/CAD Summer Trading Conditions
Since beginning of the year AUD/CAD has been trading in a very consistent and clear way to the upside, without much correction along the way. I suspect this trend will enter in a prolonged pause as we're facingsummer trading condition where volatility dry out and the market is characterized by …
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VictoriaVika 18 July

well done. Great work

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Aussie Final Stage of Correction

Daytrader21  in #Technical analysis #Trader's blog #Aussie #Correlation #Gold #Elliot Wave
Hi guys today I wanna share with you a trade pattern idea that I've posted in Technical Analysis Contest you can find the original post here: Aussie Final Stage of Correction
Since beginning of last year aussie has completed a five wave cycle to the downside and right now is correcting that cycle which is still in the earlier stage as we only manage to complete wave A, we need wave B to go at least to 50% fib retracement of wave A but at the same time it can go as low as previous swing low but w…
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Giorgio3 5 June

High Great article - very nicely done !!!

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Daytrader21 5 June

Giorgio3 Thanks

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NZD/CHF Can't Escape from Current Range

Daytrader21 Posted 13 Apr. as Analysis on NZD/CHF, Target: 0.7750, Date: 2nd of June, 12:00 GMT  in #Technical analysis #NZD #CHF #NZD/CHF #Price Action #Elliot Wave #Range #Momentum #Round Number
NZD/CHF is still stuck in a trading range and as recent price action suggest we can't see an escape from current consolidation not unless we brake lower. However the momentum suggest that we should see a break above current trading range. In Figure 1 is the weekly chart of NZD/CHF which shows 2 clear trading range boxes and based on my own experience usually price is going to retest the resistance of first range box before going lower. Also in the last few weeks we can see how each low of the w…
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Daytrader21 21 Apr.

Update 1:So far as my prediction said the 0.7500 level has been keeping the market from falling even further. The move towards our 0.7500 level was in a 3 wave move which is corrective and we should see this level hold. We don't have much resistance to the upside not until 0.7700 level so we should see momentum start accelerating. 

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Daytrader21 7 May

Update 2: So far it seems that the upside momentum is fading away and we need the 0.7500 round number support level to hold for our trade to be still valid. If this is wave 2 than 0.7500 level should hold and we should se momentum to start picking up and develop wave 3.

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Daytrader21 17 May

Update 3: The momentum has already start picking up as per my last update and although we fade away after we made a new swing high above 0.7730 and we even hit our target at 0.7750 which was actually the high. But this is a good thing as we need for now to establish another base with support at around 0.7600 before another attempt to break higher.

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Daytrader21 24 May

Update 4:AS expected we're now consolidating around 0.7600 level making the base for another attempt to push higher. The momentum is still in our favor so we should see in coming days another attempt to hit our target at 0.7750

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