Join The Community

Search

Thursday, 19 January 2017

AUD/USD Weekly, Daily & 4H Analysis









General overview for 19/01/2017:

Let's take a look at Elliott wave developments starting at weekly time frame chart. The complex corrective structure that had developed since the top of the wave X at the level of 1.1083 bottomed a the level of 0.6820. This long-term wave had been labeled as wave a of the overall structure, which means, that currently wave b of the mentioned structure is being developed.



At the daily chart, we can see more details regarding the beginnings of the bigger time frame cycle b.The five wave progression leads to the top at the level of 0.7633 labeled as 1 or A.Then we have an ABC zig-zag structure in wave 2 or B ( inc. complex correction inside of the wave B). So far the progression looks impulsive.



Finally, at 4H time frame, there is almost completed impulsive wave progression towards the level of 0.7525 ( previous wave (4) top). This progression will be terminated soon and a corrective cycle will start. The first two levels of the correction are at the support levels of 0.7491 and 0.7444. Please notice the golden trend line support - if broken, then the top is confirmed.




Support/Resistance:

0.7833 - Technical Resistance |Range Breakout Level|
0.7777 - Technical Resistance
0.7527 - Wave (4) Top
0.7491 - Intraday Support
0.7444 - Intraday Support
0.7159 - Invalidation Level

Trading recommendations:

Due to the unfinished upward cycles, higher prices in this market are being expected with the first target projection at the level of 0.7777 and 0.7833. This scenario is valid as long as the level of 0.7159 is not clearly violated*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Tuesday, 17 January 2017

Crude Oil Daily &4H Analysis









General overview for 17/01/2017:

The outlook for the Crude Oil is quite unclear, mainly due to too many Elliott wave scenarios possible (more than 3 at the same time). Nevertheless, I will try to present two most probable counts and each of them has totally different consequences.
First one is the very strong impulsive bullish scenario, we can see at the Daily time frame chart. The sequence of 1-2, 1-2. 1-2, (i)-(ii) indicates a very strong wave 3 unfolding, but so far it is all unconfirmed. The invalidation level for this count comes with the level of 42.14 violation.
The second count, alternative one, suggest more sideways-to-down kind of price action as the base around the level of 38-42 still hasn't been completed yet.In this count, the upward structure is only a part of a more complex correction (WXY or WXYXXZ), that still can unfold in coming days.
For both counts, the most important level is technical support at 42.14. Break out below this level will invalidate the main bullish count and confirm more downside to come in the alternative bearish count.

Support/Resistance:

26.02 - Swing Low
39.12 - Technical Support
42.12 - Technical Support |Invalidation/Confirmation Level|
48.37 - WS3
49.89 - WS2
50.97 - Technical Support
51.56 - WS1
53.29 - Weekly Pivot
54.92 - WR1
55.20 - Local High

Trading recommendations:

The long-term swing traders should pay attention to the level of 42.14 and should trail all the buy orders that are in play already.
The short-term day traders should take into account, that the market is possibly unfolding a triangle pattern or some other kind of a complex correction, so price action might get full of whipsaws and false break outs*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.




★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Friday, 13 January 2017

S&P500 Daily Analysis









General overview for 13/01/2017:

After determining the peak of the third wave at the level of 2278 points, the index of wide market SP500 is currently in a correction cycle. The first target level, ie local support for 2180 has already been tested, but further declines towards next support level at 2212 points are not excluded. Only a sudden, impulsive upside breakout in the direction of 2280 overrides the currently preferred scenario of a downward correction.

Support/Resistance:
2278 - Intraday Resistance
2279 - ATH
2259 - Weekly Pivot
2211 - Intraday Support
2180 - Intraday Support
2027 - Technical Support

Trading recommendations:
Upside seems to be limited as the top of the wave 3 is in place now. Corrective cycle ahead*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Tuesday, 10 January 2017

EUR/GBP - 2017 Daily Analysis









General overview for 10/01/2017:

The impulsive wave progression labeled as the wave 1 had been completed at the level of 0.9357 and now the market is in the corrective cycle. This cycle might have been completed in form of an Irregular Flat pattern with the bottom at the 50%Fibo of the previous swing up at the level of 0.8298. There are first indications of a possible impulsive wave development since then, but please bear in mind, that this might be only a part of a more complex wave B in progress. Any impulsive break out above the green zone will result in an immediate test of the recent swing highs. Please notice the market keeps making higher highs and higher lows and is trading above all moving averages. No signs of any trend reversal yet.

Support/Resistance:

0.9357 - Wave 1 Top
0.9000 - 0.8900 - Important Resistnace Zone
0.8298 - Wave 2 Bottom

Trading recommendations:

As there are no signs of any trend reversal just yet, only buy orders should be placed in this makret as long as the level of 0.8295 is not violated*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.




★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Monday, 9 January 2017

Gold XAU/USD - 2017 Analysis on Weekly, Daily & 4H









General overview for 09/01/2017:

The Weekly time frame chart shows, that the long-term swing top at the level of $1922 had been labeled as wave 3 high. Then the market was in a long corrective cycle, labeled as wave 4/A, with the bottom at the level of $1042. After the low was established, the market rebounded to the upside and made a first wave labeled as wave (A) with the top at the level of $1377. Then another three wave decline occurred and it was labeled as wave (B). The wave that is missing now, is wave (C) to the upside. The projected target for this wave is at 127%FibExp of the wave (A), which is somewhere around the level of $1554. The main resistance, however, will be the golden trend line and only a sustained break out above this line will result in acceleration to the upside.



Daily time frame presents a more detailed Elliott Wave labeling of the recent wave progression. We can clearly see the ABC flat corrective cycle had bottomed at the level of $1123 and then a lift off higher.



This lift off was labeled at the 4H time frame, especially wave C of the overall structure. We can see that the impulsive labeling is possible, so the overall correction might be labeled as ABC Irregular Flat cycle. Nevertheless, since that bottom, the market had retraced 23% of the previous swing, but it does not look too much impulsive so far. Patience is needed now.




Support/Resistance:

1045 - Swing Low
1123 - Wave (B) Low
1202 - Technical Resistance
1232 - 50%Fibo
1243 - Technical Resistance
1256 - 61%Fibo
1337 - Wave B Top

Trading recommendations:

So far the is no reason for bulls to close the buy orders, but please notice the invalidation line is at the level $1124. Swing traders should keep in mind, that all long-term buy orders might have troubles around the level of 1330 - 1380 (if they ever get there at all), but if this level is violated, then the projected target is around the level of $1555*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Sunday, 8 January 2017

EUR/USD - 2017 Analysis - H4









General overview for 09/01/2017:

There is an interesting, text book example pattern at the 4H time frame in this pair. The Leading Diagonal Triangle pattern has been labeled as the main scenario for the current wave development - wave (1). The alternative scenario is indicating a more bearish wave development to the downside in form of 1-2, (1)-(2), 1-2 wave progression. For this count, the invalidation line is at the level of 1.0648, so if this level is violated, then the alternative purple count is invalidated and the corrective structure in wave (2) will extend to the upside with the firs target at the level of 1.0850.

Support/Resistance:

1.03375 - Swing Low
1.0648 - Blue Impulsive Count Invalidation Level
1.0850 - Technical Resistance

Trading recommendations:

The last wave in the impulsive sequence is now being developing. There are no immediate signs regarding a trend reverse, so all swing sell orders still should be kept open. Moreover, the daytraders should pay attention to the level of 1,0648 - break out above would mean a deeper corrective bounce to the upside*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.



★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 
PS: Close AdBlock!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Thursday, 5 January 2017

US Dollar Index - 2017 Analysis - Monthly, Weekly , Daily and H4









General overview for 05/01/2017:

The impulsive wave progression to the upside did not hit the projected target level yet (gray rectangle on Monthly chart), just where the monthly supply confluence zone is. Moreover, there is still no confirmation, whether the upward move will be a fully developed impulsive structure or a big ABC Irregular Flat correction.



At the Weekly time frame chart, we can see the break out from the triangle pattern in wave (4) with a top at the level of 103.83 points. Since then the market is the corrective cycle.



Daily time frame provides more clues regarding a possible termination of the wave (5) at the level of 103.83 and the top for wave 3 or C. The EWP suggest the full impulsive structure might have been completed since the level of 99.42 had been made a bottom and the growing bearish divergence between the price and the momentum oscillator supports this view. Nevertheless, the overbalance in corrections still hasn't been reached as the level of 100.52 hasn't been violated yet.



The intraday H4 time frame chart shows that the level od 101.78 is the most important support for bulls. Any break out below this level would result in further deterioration towards the level of 100.52 and then 99.42.




Support/Resistance:

108.73 - Projected Monthly Target Level for Wave (5)/3
103.83 - Swing Top
102.42 - 102.57 - Intraday Resistance
101.78 - Intraday Support
100.52 - Technical Support | Overbalance Level |
  99.42 - Wave 4 Bottom

Trading recommendations:

All long term swing buy orders should be rather careful at the current levels as any break out below 100.52 will be the first sign that some kind of a top ( temporary/permanent) is in place. So far, however,  there is no other confirmation that the bullish trend might reverse*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 


PS: Close AdBlock!★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Wednesday, 4 January 2017

GBP/USD 2017 Analysis - H4









General overview for 04/01/2017:

The impulsive cycle from 1.2790 highs looks completed and now the market is in the corrective cycle. There is still one more wave down missing in the overall impulsive structure, so the price should take out the wave 3 low at the level of 1.1933 sooner or later. Moreover, on the intraday time frame, the most important level for the current wave progression is at the level of 1.2390. This is the green count invalidation level and any break out above this level would indicate a quite more complex corrective cycle in wave (2).

Support/Resistance:

1.2621 - WR3
1.2504 - WR2
1.2435 - WR1
1.2390 - Green Count Invalidation Level
1.2312 - Weekly Pivot
1.2251 - WS1
1.2199 - Intraday Support
1.2113 - WS2
1.2078 - 1.2108 - Demand Zone
1.2066 - WS3

Trading recommendations:

The impulsive cycle to the downside still has not been completed yet, so only a sell orders should be opened at this marker. Any break out above the wave 4 high invalidates this view. *.




*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 


PS: Close AdBlock!★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

Tuesday, 3 January 2017

USD/JPY - 2017 Analysis: Weekly, Daily and H4









General overview for 03/01/2017:

The situation in the long-term perspective is not quite clear at the moment as there are two possible scenarios that are applicable to the current Elliott wave progression. We can see the both of the scenarios at the Weekly chart:
- Scenario 1 - Main Count - indicates, that the ABC corrective structure fro the wave 2 (big cycle)  had completed at the level of 98.99 and now the market is unfolding another impulsive wave to the upside.
- Scenario 2 - Alternative Count - indicates, the ABC corrective structure is only a part of a bigger, more complex and time-consuming correction, that will eventually violate the low at the level of 98.99


And there is the golden long-term trend line that might provide the dynamic resistance for the price around the level of 119.00. This point of view has been presented in the daily chart and it would support the scenario 2 and if true, then the traders should see some indications of a possible trend reversal ( candlestick patterns, moving average breakout, etc).


On the other hand, another daily time frame scenario would indicate another reversal that is possible even the golden trendline is violated (but not permanently) as there are some Fibonacci clusters around the area of 120.20 - 121.60 that might be a tough nut to break.


At 4H time frame, the impulsive count looks not completed as there is some internal wave missing and there is no overbalance during the upward wave progression yet. Current most important levels seem to be the technical support at the level of 114.36.



Support/Resistance:
121.11 - 121.60 - Second Target For Wave (5)
120.23 - 12060 - Fist Target For Wave (5)
119.00 - Golden Trendline Dynamic Resistance
118.71 - Local High
116.14 - Intraday Support
114.36 - Technical Support

Trading recommendations:
All swing long positions taken after US Presidential Elections might set the TP at the level of 119.00 or, in case of a sudden impulsive breakout, in one of the Fibonacci clusters. The corrective cycle is due any time now*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 

My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 


PS: Close AdBlock!★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Tuesday, 6 December 2016

EUR/USD H4 Analysis









General overview for 06/12/2016:

Five impulsive waves to the downside from wave 4 top at the level of 1.1300 had been completed and now the market is in the corrective cycle of wave 2. The top for this wave might be projected at the level of 1.0850, which is just above 38%Fibo at 1.0817. Nevertheless, please take into account the fact, that wave 2 might evolve to more complex and time-consuming pattern before eventually resume the downward move.

Support/Resistance:

1.0502 - Swing Low
1.0702 - 23%Fibo
1.0817 - 38%Fibo
1.0850 - Technical Resistance
1.0909 - 50%Fibo


Trading recommendations:
Only sell orders should be open from the orange rectangle zone as there are unfinished waves to the downside*.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★ 
My blog www.elliottfxtrader.com is taking part in Blog of the Year 2016 contest organized by FxCuffs Expo. If You like my analysis, then please vote for me!
How to vote:
1. Click on this link: http://konkurs.fxcuffs.pl/blog-roku/?kan=Blog%20Sebastiana%20SELIGI
2. First blank field: NAME and SURNAME (required)
3. Second blank field: TELEPHONE NUMBER ( not required)
4. Third blank field: E-MAIL ADRESS (required)
5. Click on Privacy Policy(check) field at the bottom.
6. Then click on Wyslij button and You are done!
Thank You Very Much! 

PS: Close AdBlock!★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★




 
Don't Forget To Join US Our Community
×
Widget