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GBP/JPY, Another wave and buy ?

Dear you guys,
It seems that another wave will be formed and it is a good chance for us to buy. Zoom into lower frame time and give your decision.
Trade with care.
Good luck !
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EUR/USD is bearish short term

EUR/USD is probably at the start of the wave 4 of the 5 emotive elliot waves. The pair could fall towards 1.1080 level.
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R.N. ELLIOTT's theory for beginners!

Hello Dear Friends!
Today, we would like to present some tutorial videos of the R.N. Elliotte theory from our archive.
(At the request of many traders!)
Suppose it will be interesting for beginners!
First of all, this theory teach us to Think!
The Elliotte Theory is the compass of mass psychology!
Zarina Tengri's EWA/EWP below.
The EWA (Elliotte Wave Analysis) has always fractal & binary structure!
EURJPY - alternative layout >>>
We are LOVE EWA/EWP, because it's Grail & deep Philosophy!
Respect…
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wisdom_consultant avatar

very useful!

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Wave analysis: EURCAD WEEKLY

My wave count analysis puts the EURCAD in a correction phase. The move down from 1.41 to 1.36 shows as a fourth wave.
Wave 5 should be another leg up.
I am tempted to place my prediction at 1.45, which is close to a major resistance, but that would make wave 5 too long. 1.43 is a better fit.
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CD1V1 avatar
CD1V1 27 Jul

EURCAD currently@1.4386.
The fifth leg up is almost complete.
Price high: 1.4394.

The big question now is whether the EUR will continue to appreciate. The CAD has been losing ground heavily, and low oil prices have not helped at all.

P3tr4 avatar
P3tr4 27 Jul

good luck

CD1V1 avatar
CD1V1 29 Jul

EURCAD currently @1.4327
The CAD currency showed some appreciation yesterday, while the EUR seems to have lost its initial momentum. Everyone is waiting to hear the U.S plans on its interest rates, and to have an idea when the hike will take place. That will have a significant impact on the EUR, we willhave an idea by the end of today.

CD1V1 avatar
CD1V1 31 Jul

EURCAD currently at 1.4326.

The EUR is starting to show appreciation, while the CAD is dropping, erasing all it previous gains.

CD1V1 avatar
CD1V1 31 Jul

I am expecting the EUR to continue appreciating, but I expect some kind of pull back as we enter a new month, that should create sufficient price action to close price within my forecast, give or take 50pips

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EURUSD 1H Wave Count & Outlook for the Day

EURUSD started the week off with a strong bullish move, but mid week we have seen seller start to sell into the pair as the outlook here is we may be trading in a bit of a range as long as highs at 1.1450 are not breached.
The current wave count here shows that there is a strong possibility we can do one more high. This would be the "stop run" that will take out weak shorts who have placed stops above 1.1400
The count hints at a subdivided C wave, a pattern that tends to occur when a wave struct…
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EURNZD - 1H Possibly turning over

In follow up to my previous post EURNZD Reversal Continues with Strong Momentum
The pair has now reached the resistance area as outlined in the previous blog post.
The weekly chart, as indicated below, shows that the larger trend remains to the downside. These levels can offer some decent Risk to reward setups for short scalps.
The 1 Hour wave count shows a double correction has completed to the upside. A daily close below the Daily S/R level indicated on the chart would provide stronger …
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Gold to Continue Bearish Trend

Gold is in a long term down trend and has seen some bullish momentum to start the year. The shiny metal has approached some resistance however and the wave count shown below indicates a turning point.
The metal should be under pressure for the month of February, but as the daily trend is currently bullish, dips may be bought causing some volatility to the downside.
Levels
1307.47 - Jan High
1301.00 - Jan Daily close High
1282.88 - Fib Retracement - 50% (1132.08 - 1433.70)
1265.95 - Fib Re…
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SalviLeana avatar

Good job ! Great

Jignesh avatar
Jignesh 9 Fev

Gold has already surpassed the target on the back of a strong NFP number that took out several support levels.  Currently sitting just Below 1240, the pairs looks like it has just broken a flag patter and looking to retest lows

Jignesh avatar
Jignesh 25 Fev

Gold looks like it may have made a bottom here at 1200.    It has surpassed the targets.  We can see some bullish movement into the end of the month, but reaching targets with 2 days left does not look likely

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EURSEK fakes lower before resuming uptrend

EURSEK in my previous analysis looked bearish as it broke through a long term daily Trendline.
In the past month it has managed to trade through the level making the wave count complete
Levels
9.0822 - Previous low, Daily support & Bullish invalidation level
9.3507 - Weekly Resistance area
9.4683 - Weekly Resistance and Equal legs target
9.5600 - Weekly Resistance & Fib confluence
The first chart shows a completed ABC structure to the downside. The daily resistance level has cause a bit of sell …
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Jignesh 5 Nov

The pair has completed one more swing lower to test the 9.20 area.  There is a  good fib confluence in this area, as well as a S/R level, as well as the previously broken Daily Trendline.  If this area fails, the last line in the sand for the pair is 9.14.  Major risk event for the pair in the next 24 hours with the ECB press conference on the docket.

Jignesh avatar
Jignesh 10 Nov

The ECB Press conference was a concern for the bullish momentum, but as per the chart above, you can see that it merely caused a spike down.  Meaning the bulls stepped in quickly to buy at lower prices, to bring it back to intern support. 
As per the chart, while remaining above the blue box, the pair still carries good upside potential.  A break would signal the next support at 9.14

Jignesh avatar
Jignesh 17 Nov

EURSEK slowly continues higher with very little momentum.  The upside looks promising as it remains above support, however evidence of buying is not necessarily present.  Will require some form of a catalyst most likely through NOK or SEK to gain momentum

Jignesh avatar
Jignesh 25 Nov

The pair continues to grind higher against the daily trendline.  The EUR weakness seen on the back of a statement from Draghi had a minor impact on this pair, however it's struggling to gain momentum

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EURJPY continues up trend after ABC correction

The BOJ has triggered buying once again in the xxxjpy pairs as they have reaffirmed further QE measures to be taken.
The pair has also completed a 3 wave correction against the main trend which has lasted close to 1 year now.
Levels
134.00 - Yearly low and bullish invalidation point
141.22 - Resistance and previous completion area for b wave of smaller degree
143.00-143.50 - Resistance zone
148.41 - Equal legs target
The first chart below shows the simple ABC corrective wave structure which is …
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Jignesh 17 Nov

The pair continued higher last week.  After some hesistation around the mentioned resistance zone of 143.00-143.50 it managed to close the week touching multi year highs at 146.50. 
This week we are seeing strong selling which has been typical to start the week, however, the basis is on a JPY risk event and may carry some weight.

Jignesh avatar
Jignesh 25 Nov

EURJPY continued it's rally last week to touch the resistance area and target marked in the analysis.  The equal legs area which also confluences a 127% extension provided sufficient resistance for the pair for a larger move lower.  Timing wise the pair has reached the area ahead of the time expected and will continue to see if the pair will consolidate in this area.  So far 145.65 which marks the 2013 high has managed to support the pair

Jignesh avatar
Jignesh 27 Nov

On the smaller cycles, the pair is stuck between the 50% retracement of the last leg down and a longer term trendline.  On the docket today is CPI data from Spain and Germany.  The German number has been forecast quite high in comparison to the overall inflation levels.  Will be keeping a close eye on the trendline which while supported has potential to bring the pair back towards targets.

Jignesh avatar
Jignesh 28 Nov

The bullish move has occured.  Next on the docket is EUR CPI Flash Estimate.  This number usually comes in line but has the potential to cause some major volatility in the pair, especially if it comes in negative.  This number is the last risk event prior to the target date.

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Jignesh 1 Dez

After faking out of the trendline the pair has once again shown clearly that the uptrend has most likely resumed.  With USDJPY leading the way breaking to new highs to start the week, the outlook on this pair is positive.  The chart indicates 147.947 as previous resistance which should act as support for the day.  To the upside we have 148.34 which is the resistance level (highest close on the Daily chart).  The pair can reasonably consolidate in this range prior to the NY Open.

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AUDNZD to pullback after 3 waves up

The AUDNZD shows a 3 wave corrective structure to the upside
AUDNZD - Daily Wave count

  • The current area marks a Fibonacci confluence that is an ideal place for the C wave to end.

  • The pair can be correcting this recent move to the upside in the Month of September.

Using Fibonacci Retracements & Support levels, we predict a target as indicated by the chart below.
As per the weekly chart above, we see that the area that marks 50% of the retracement (1.0840) of the move to the upside shows previ…
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Jignesh avatar
Jignesh 3 Set

The pair is sitting right up against the 1.1185 resistance at the moment.  But has not managed to breach it as of yet.  This area will  need to hold for the downside to get started

Jignesh avatar
Jignesh 22 Set

After making a marginal high above the area predicted, the pair has been pulling back and has already traded past some key support levels.  The pair is currently sitting at 1.0931, which has heavy support as the 100 Daily MA resides there, a 61.8 Fib extension of the first leg down as well as previous support as noted in the daily chart.  This area can trigger a larger pull back in which case the targets may not be met as we close in on the end of the month.

Jignesh avatar
Jignesh 25 Set

The support level mentioned in the previous comment did hold.  And then the RBA Gov Stevens pushed the AUD even higher.  Currently at 1.1040 facing resistance.  I do expect another leg of weakness in the pair.  If this area holds, there is still a possibility of reaching targets

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