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GBPAUD is could retraced

GBPAUD is likely to test support at 1.6750 and bounce from that level. And it would test resistant level at 1.8250.
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USDNOK in 1 May

1.- Weekly Chart
На недельном графике валютной пары есть вариант продолжения ожидаю на рост. Индикатор Lauerre еще не указывает на разворотный вариант и по этой причине я еще могу ожидать небольшую консолидацию в районе уровня [3/8] Мюррея с последующим ростом.
2. Daily Chart
На дневном графике есть я не указываю на возможное зарождение волны Вульфа. Ожидания ее здесь вполне оправданы. Схематически указал маршрут возможного движения. Цену готов буду встречать у отметки 8.7833
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Go up arround the wave

  • Based on Weekly bars
  • The last movements was done building a little wave, my forecast is to keep the trend and keep the wave

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EUR/GBP - Correction Completed

From beginning of the year EUR/GBP was stuck into 0.8815-0.8395 range zone which recently was broken to the downside, but was a false breakout as the momentum started to pick up .This only suggest that the up trend from the 0.7753 swing low is in correction mode. Taking this in consideration the ABC correction of the entire up trend from the 0.7753 low was completed and formed the wave 4 of larger degree(see Figure 1).
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Update 1: It seems that recently EURGBP has experienced a strong sell of but as long as the 0.8250 level stay intact my prediction stay in place. We, need to consolidate here before the upside momentum to get any steam. I can see it going as low as 0.8300 from where I'm expecting buyers to come in the market

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Update 2: The market seems is doing a double bottom at 0.8250 which must hold, otherwise my prediction maybe proven wrong, from here the next big resistance level is at around 0.8450 we should see momentum accelerating to the upside

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AUD/JPY - Bearish Correction !



Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 92.95
[color=#000000]AUD/JPY
[/color]
pair is set in a bullish channel for quite a while. We have several higher highs in place and higher lows. On the chart bellow on previos support we can see that there are some similarities between the 2 larger waves and minor waves. On the previous minor waves we can see that it has retraced from the 50.00% fibonacci retracement line and
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Metal_Mind 26 déc

UPDATE 1: This prediction is extremly accurate. The bearish correction occured as predicted and the target was reached 2 times already once in the bearish wave and now on the bullish retracement. Current price level is 93.06 which is only 11 pips deviation above the 92.95 target level. This one will be very close.

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Metal_Mind 28 déc

UPDATE 2: The made a swing high yesterday .Current price level is 93.18 which is 23 pips deviation from the target. Nonetheless the prediction is very close and could be proven really accurate.

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Metal_Mind 30 déc

UPDATE 3:There were some moves in the markets today. Current price level is 93.57 which is 60 pips deviation from target.

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UPDATE 4:This was one of my best predictions but these market conditions seem to send the pair far beyond my target. Current price level is 93.90 which is 100 pips deviation from target.

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Final Update : Price at settlement was 93.31 which represents a 36 pips deviation from target.

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AUDNZD -Third Wave !



Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 1.1188

AUD/NZD is in a bearish trend for quite a while now.If we look at the chart bellow we can see the pair has recently formed some bearish waves that moves within a ''range look alike pattern'' but the lower highs and lower lows tell us this is a bearish trend that we are talking about.My wiew is that another wave will occur the following month
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Metal_Mind 26 déc

UPDATE 1 : THis prediction is very far from target. Current price level is 1.0891 which over 400 pips bellow target. The bearish move of the third wave was way stronger than anticipated.

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EUR/USD-Confluence is Key to Momentum

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 caractherized by a five wave sequence. From the 1.3710 pick, that happened last year, we saw an aggressive five wave trade sequence all the way down until the 1.2740 low which was the lowest point this year and from where we formed an extended triangle pattern(see figure 1).
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@stane2405 In the large picture that down swing wave is a B wave of higher degree where that A wave is the move from 1.2035-1.3710 and this whole structure is just an ABC correction which form wave 2 of higher degree where wave 1 is the down leg from 1.4950(2011.05.01)-1.2035. I hope you get the picture, use the weekly chart

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Update 1: The market is expected to stay in this consolidation for some time now. The wave B can develop a 3 wave correction type and we could end up with a double zig-zag pattern. Also recently I discovered that the decline from 1.4930(2011.05.05) is a fractal for today's price action. If we apply that model for the next 3 months we should expect a wide consolidation zone.

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Update 2: Wave B is in the final stage and it took form of an abc correction, wave a from 1.3290-1.3577, wave b 1.3577-1.3400, and with wave c from 1.3400 and I'm expecting the price to top at 1.3680 from where the market should start correcting.

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Update 3: Wave B is already completed and as expected it seems the 1.3700 is capping the upside movement. From here on we should see a 5 wave downside movement with the first major support level laying around 1.3600 if we manage to break and close below it we're going straight down to our target

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Update 4. It seems the market is overextend at current market levels and it seems 1.38 has capped the upside movement. From here on we should see the market resume downwards, next big support area that we should pay attention is 1.3500 big round number

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USDSGD- Elliot Waves ?

Charts: 4Hours, 1 Day.
Elements used: Eliot waves,Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.2419

USDSGD pair if were to study its past price development we can see some similarities .On the chart bellow you can see the previous price development highlighted in red which started from a base support made a major resistance retraced and continue the bearish trend in Elliot Waves ,five wave pattern.Recent price dev
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Metal_Mind 26 déc

UPDATE 1: The prediction is very good. The trend price action developed exactly as exposed on the chart just that the 5 wave was shorter than predicted an made a support at 1.2344. Current price level is 1.27 which is pretty far from target.

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USDCAD- Breaking Fan Lines!!


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.0458

USDCAD started a big channel up in September last year from support ( 0.9633). The trend has been pretty strong , bouncing up and down from fan lines but always breaking higher. Recent price action as can be seen on the chart shows two similar waves that formed lower highs and higher lows ,breaking fan lines lower , which make me think looking
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UPDATE 1 : This prediction is wrong . Current trend is bullish and at 300 pips from target.

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GBP/JPY Third Wave Movement

Charts: Daily; 4Hours .
Indicators
: 200 EMA& 50EMA,Relative Strength Index , Support & Resistance Levels
Current level: 157.59
GBP/JPY is in a bullish trend for quite a while now ,but recentlly i observed the similarities of the waves in which the trend moves. Even though the main trend on Weekly time-frame is strong bullish ,we can see from the first picture that the trend moves in strong up moves forming higher resistences and after that pullbacks forming higher support levels.Having
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Daytrader21 avatar

We have almost the same view when it comes with the yen pairs

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UPDATE 1: The current level is 158.09 and the price is currently over 600 pips from the target . The price rebounded from Major suport and now is in an up movment. This prediction for sure is very far from target.

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UPDATE2; Wrong Prediction. Current Level is 157.21 .

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