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NZD/CAD 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 most likely there…
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Gold - Long Term Trendline
Gold was trading to the downside quite nicely over the last few weeks, after we managed to put in place a top around $1300 level, this level was suggested as a possible top on my last update about Gold which you can find it here: Gold Down- Channel
Despite all the geopolitical tension, the Greece debt crisis, ECB QE programme and many other factors, Gold couldn't find a bid in the market and that's reason enough to conclude that the current bearish trend is still reinforcing itself and Gold is …
NZD/CAD Range Trade Boxes
NZD/CAD 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 most likely there…
Gold Inflection Point
Before you start reading my current analysis on Gold I would recommend you to read my previous updates on gold with all the subsequent updates here: Gold Price Action Reminiscence of 2013
Base on my previous analysis the market has still not reach my target as I projected a target of $900 by measuring the current wedge pattern that stated with Jun 2013 bottom, and I've projected that range to the downside giving me that number.
Usually Gold performs quite well during the beginning of the year a…
EUR/USD Bearish Trend Ready to Start
In the last few months EUR/USD has been trading within a triangle pattern which are corrective patterns that occur either in the 4th wave or B wave according to Elliott Wave theory and which are characterized by a five wave sequence. Now the the wave cycle has been completed we should expect the market start trading downwards. In Figure 1 it can been seen that wave E has completed this five wave cycle and from now the momentum should start shifting to the downside.
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