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EUR/GBP Elliott Wave Analysis

Daytrader21 Przesłano 15 Lis jako Analiza EUR/GBP, Cel: 0.6878, Data: 1 z Styczeń, 12:00 GMT  w #Technical analysis #Consolidation #EUR/GBP #Elliott Wave #Psychological Number
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
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2 Komentarze
Daytrader21 avatar
Daytrader21 22 Lis

Update 1: We're close to break below the big psychological number 0.7000, once we get the breakout we have our confirmation that the bearish momentum is in charge and we should expect further lows. to the upside the first level of resistance stands at 0.7050.

Daytrader21 avatar
Daytrader21 29 Lis

Update 1: We're still trading above the big psychological number 0.7000 which is acting as strong support however wave a of B looks complete and it may be the case we're developing a flat in wave B which means that we can break the lows from here without the need to retest  the 0.7250 level.

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AUD/CAD Elliott Wave Analysis.

Daytrader21 Przesłano 18 Paź jako Analiza AUD/CAD, Cel: 0.9336, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #AUD/CAD #Consolidation #Elliott Wave #Zig Zag Pattern
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 prices 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:
…
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4 Komentarze
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Daytrader21 25 Paź

Update 1: We're still below the big psychological number 0.9500 as we weren't able to have a weekly close above this level suggesting the bears may still be in control. For coming week that level should provide resistance and to the downside the first level of support comes at 0.9400 where price can see a pause before going further down

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Daytrader21 2 Lis

Update 2: After another retest of the 0.9500 resistance level we finally got a strong reaction and sold off again retesting the 0.9300 support level. We can't rule out a retest of the 50% fib retracement from the 0.9580 highs before to continue lower again.

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Daytrader21 9 Lis

Update 3: It seems that the market has established a new range zone. This range zone is much more narrowed between 0.9300 support level and 0.9445 resistance level. Until we can get a break and a daily close above either of this two levels we're stuck inside this range and there is no clear direction.

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Daytrader21 15 Lis

Update 4: We broke above the 0.9445 pivot point and resistance level but the big round number and psychological figure 0.9500 has been proving a much more better resistance level as we weren't able to post a weekly close above that level. For the coming week we should see 0.9500 act as resistance and we should see a retest of 0.9400 and lower.

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EUR/GBP Elliott Wave Analysis

Daytrader21 Przesłano 15 Sie jako Analiza EUR/GBP, Cel: 0.6913, Data: 1 z Październik, 12:00 GMT  w #Technical analysis #Consolidation #EUR/GBP #Elliott Wave #Psychological Number #Support Resistance
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
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1 Komentarze
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Daytrader21 28 Sie

Update 1: Even though we had quite a strong rally above previous swing high at 0.7400 we should see a fade back as the structure of current up leg looks very thin and we need to fill in the gap. First level of support is at 0.7220 a break and a close below it should see further downside.

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CHF/SGD Summer Consolidation

Daytrader21 Przesłano 15 Lip jako Analiza CHF/SGD, Cel: 1.4572, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #Consolidation #Psychological Number #CHF/SGD #Chfsgd #Fibonaci Retracement
We can see that for the most part cross pairs like CHF/SGD have the tendencies to move in consolidation box, which i call range box effect. Right now we're moving inside one of those range zone between 1.4000 round number and psychological number which is also the bottom of the current box and 1.4600 resistance and top of the box.
Major Levels to watch:
  • 1.4000 Big round number and psychological number and also support level.
…
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Daytrader21 1 Sie

Update 3: The market is still trying to push and break below key support level 1.4200 but without much success so far. This is positive sign for the bulls and we should expect in coming week momentum to start pushing to the upside. First level of resistance is at 1.4300 a break and close above this level means more upside ahead.

Daytrader21 avatar
Daytrader21 9 Sie

Update 4: This pair is still pressing the psychological number 1.4000 but so far it has failed to break below it and we should soon expect a reaction higher. Once we'll break higher it will do so in an explosive way because of the price structure of this down leg. In this regard I see the first level of resistance at 1.4350

Daytrader21 avatar
Daytrader21 15 Sie

Update 5: AS expected after multiple and failed attempts to break the big round number 1.4000, last week we rallied 400 pips and close below first level of resistance at 1.4350. For coming week we can see a retest of that level and now to act as new support level, however for further upside movement we'll need a break and a close above the big figure 1.4500

Daytrader21 avatar
Daytrader21 28 Sie

Update 6: Once we broke the key resistance level at 1.5600 level the market has run more than anticipating, however we're back inside the range confirming this was a false move. Next week the key levels to watch are 1.5400 support level and 1.5600 resistance level.

Daytrader21 avatar
Daytrader21 31 Sie

Update 7: In the short term we have found resistance at 1.4730, an intermediate swing low. From here we should expect the market to continue selling of in the coming 1-2 days and we should expect to find support just above the big round number 1.4500 which should provide support. With my forecast target at 1.4572 we can expect the market to come closer to that figure.

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EUR/GBP Elliott Wave Analysis

Daytrader21 Przesłano 14 Cze jako Analiza EUR/GBP, Cel: 0.7093, Data: 3 z Sierpień, 12:00 GMT  w #Technical analysis #Consolidation #EUR/GBP #Elliott Wave #Support/resistance
Since beginning of 2013 when EUR/GBP has made the final swing high at 0.8800 level we have been trading in a steady way to the downside. Based on Elliott Wave we can count 4 waves of major degree and currently we are in the stage of developing wave IV. Usually based on Elliott Wave principles wave IV can take shape of big consolidation zone, a pause in the trend before the last and final low and the cycle to be completed. Right now wave IV is developing between the 0.7000 big round number and th…
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– lub –

9 Komentarze
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Daytrader21 avatar
Daytrader21 19 Lip

Update 5: Unfortunately we broke below the big round number 0.7000 and made a new swing low. Only a daily close above the big figure can give more upside prices. In many cases after a new swing low/high is made often the market enter inside a range zone and this can be the case here as well. We need 0.6900 to hold as support in order for that to happen.

Daytrader21 avatar
Daytrader21 26 Lip

Update 6: As expected  0.6900 held as support and we're now back above the big figure 0.7000 suggesting that the sell of was a false one. We can still expect another retest of the big figure and old resistance to turn into new support.

Daytrader21 avatar
Daytrader21 1 Sie

Update 7: Even though Friday we managed to hit my target we had a strong sell of by the close but since we're still above our key support level and big round number 0.7000 which is also a psychological number I'm expecting a rally and see a retest of Friday's high which is near my target at 0.7093.

WallStreet6 avatar
WallStreet6 1 Sie

Another great implementation of Elliot's waves and really close to target, just 60 pips away, good luck!

Mariia avatar
Mariia 2 Sie

very well done

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CHF/SGD Summer Consolidation

Daytrader21 Przesłano 31 Maj jako Analiza CHF/SGD, Cel: 1.4582, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #Consolidation #Fibonacci Retracement #Psychological Number #CHF/SGD #Chfsgd
We can see that for the most part cross pairs like CHF/SGD have the tendencies to move in consolidation box, which i call range box effect. Right now we're moving inside one of those range zone between 1.4000 round number and psychological number which is also the bottom of the current box and 1.4600 resistance and top of the box.
Major Levels to watch:
  • 1.4000 Big round number and psychological number and also support level.
…
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5 Komentarze
Daytrader21 avatar
Daytrader21 5 Cze

Update 1: We came very close to trigger the stops above the 1.4500 big round number, but we where not able to move above it and instead we now have a multiple touch of that level. Support for next week stands at 1.4250 and resistance at 1.4500

Daytrader21 avatar
Daytrader21 14 Cze

Update 2: As per Figure 1 we did tried to break above previous minor swing high at 1.4640 but couldn't make it above it so instead we make a double top.I still think there is a need for a break of that level, however we should still remain in consolidation with key support being 1.4100

Daytrader21 avatar
Daytrader21 19 Cze

Update 3: Nothing much happened since my last update we have continued to move inside a very narrow range between 1.4600 resistance level and 1.4350 support level. For next week we should expect the market to be trading inside this two limits.

Daytrader21 avatar
Daytrader21 26 Cze

Update 4: Right now we have retested the support level of current range box and we already saw a bounce. The 1.4400 level is the middle of the box and we should see price either going up to retest the resistance level at 1.4600 which is the highest probability.

Daytrader21 avatar
Daytrader21 29 Cze

Update 5: As expected the momentum pushed higher and we broke through intermediate resistance level at 1.4450 and also we're about to have a daily close above the big round number 1.4500 which will suggest further upside to be seen in the next 24 hours.

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EUR/AUD Consolidation mode

Daytrader21 Przesłano 15 Maj jako Analiza EUR/AUD, Cel: 1.3786, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #Breakout #Consolidation #Liquidity #EUR/AUD #Range #Momentum
Over the last year EUR/AUD has been moving from large ranging zones to small ranging zones, moving back and forth between this consolidation phases. Right now the current established range is between 1.4400 resistance level and 1.4000 big round number and psychological number. Taking in consideration that we're approaching the summer time whee liquidity usually is low and thus the activity level is very low we should expect the market to move in tight range zones and this is…
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2 Komentarze
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Daytrader21 16 Maj

Update 1: The market is still inside a wide range and has resistance at 1.4350 and support stands at big round number 1.4000. For the next week we should see the market once again trying to retest the low.

Daytrader21 avatar
Daytrader21 22 Maj

Update 2: We're still consolidating between 1.3900 support zone and 1.4350 resistance level which basically form a range trading box. We should see further consolidation into next week between this 2 extreme levels. Another level we should keep an eye on is the middle of the box which comes at 1.4150

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USD/JPY Neverending Consolidation

Daytrader21 Przesłano 14 Maj jako Analiza USD/JPY, Cel: 116.8400, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #USD/JPY #Bullish #Consolidation #Range #Momentum #Accumulation
USD/JPY has been unable to sustain any gains during this year and we have moved in a big range for the most part of the year. Even though we managed to make a marginal new high above 122.00 the momentum slowed down and we're back inside the range. Current range extends from the 122.00 resistance level all the way down to 116.00 level (see Figure 1) where we have a strong support and where I'm expecting price to hold and revers to resume to bigger bullish trend we're in. We're in a …
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2 Komentarze
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Daytrader21 16 Maj

Update 1: USD/JPY has had another rejection of the 120.00 big round number and current resistance level. However in order for the downside momentum to really build up we need a break of 118.50. Until than we should expet more range bound activity.

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Daytrader21 22 Maj

Update 2: The market seems to deviate from my forecast and if we are indeed going to break the current high at 122.00 round number the bullish trend may resume without to retest the 166.00 support level

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EUR/USD Elliott Wave Count

Daytrader21 Przesłano 14 Maj jako Analiza EUR/USD, Cel: 1.0941, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #Bearish #Consolidation #EUR/USD #Elliot Waves #Range Box
Since mid of last year EUR/USD has been developing quite a strong bearish trend and based on Elliott Wave cycle (see Figure 1) we still have a lot further to go. Currently we can count 3 waves of major degree and with wave number IV currently being under development. Usually during this stage of the cycle we should expect some consolidation and an ABC correction. Right now we're still in the initial phase of this whole corrective move as we only managed to develop wav…
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5 Komentarze
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Daytrader21 16 Maj

Update 1: For now the 1.1500 big round number and the top of current box is holding back any upside movement. Support stands at 1.1150 and nothing much has changed we should see further range activity on this pair in coming weeks

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Daytrader21 22 Maj

Update 2: We broke the current market structure to the downside and the next level that comes into play is the big round number 1.1000. However we can retrace all the way down to 1.0800 which is the mid range of previous trading range box and important pivot point. Next week resistance is at 1.1065 which is the former support zone of the above range

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Daytrader21 29 Maj

Update 3: As expected the 1.0800 level is now support level and next week I'm expecting to fill in the range formed this week. Resistance for next week is at 1.1150 and support level comes in at 1.0900

Daytrader21 avatar
Daytrader21 14 Cze

Update 1: As long as current high at 1.14500 holds the price down we can still see this pair moving down in the direction of the bigger long time frame trend. Another attempt to retest the current swing low at 1.08900 is not out of the cards.

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Daytrader21 26 Cze

Update 5: The momentum is still pointing a lower move, right now we're only 70 pips away from my target and current support at 1.1140 has been retest multiple times and has become weaker so a break and close below this level should point to more downside.

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AUD/JPY Range Box Trading

Daytrader21 Przesłano 30 Kwi jako Analiza AUD/JPY, Cel: 92.8900, Data: 1 z Czerwiec, 12:00 GMT  w #Technical analysis #AUD/JPY #Audjpy #Consolidation #Seasonality #Range Box
AUDJPY 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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5 Komentarze
Daytrader21 avatar
Daytrader21 2 Maj

Update 1: We have manged to post a big weekly rejection bar which has a long wick, which is signaling a reversal. Fore next week we have 95.00 round number and support at previous week low around the 93.00 level.

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Daytrader21 9 Maj

Update 2: We have made a double top at 96.00 level which is a strong signal that we may turn down and as the seasonality pattern suggest in the second half of the month we should be trading lower

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Daytrader21 15 Maj

Update 3: The market seems to run into a multi-year resistance level at around 96.00 level, from where we should expect a reaction. For next week resistance stands at 96.00 and major support at 95.00 big round number and psychological number. We need a break and a daily close below this level for further downside movement.

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Daytrader21 22 Maj

Update 4: There are only few hours left until the week is over, and there is a high probability we'll see a close below the big figure 95.00, once that happens look for a retest of the last swing point at 93.50 to be retested. There is no other levels until that level is hit so we should have a smooth move

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Daytrader21 28 Maj

Update 4: As of today we finally managed to break and close below the key round number 95.00. Next big level comes in at 93.50 there is no other important support level until than so it should be trading to the downside in the next days

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