{lang: 'en-US'} February 2017 ~ ElliottFxTrader Blog

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Tuesday, 28 February 2017

Global macro analysis and trading plan for 28/02/2017









Global macro analysis and trading plan for 28/02/2017:

On Tuesday 28th of February there will not be many economic releases during the European and American trading sessions, but there are few news releases that will catch the investors' attention: GDP Second Release at 01:30 pm GMT, Chicago Purchasing Manager Index data release at 02:45 pm GMT and CB Consumer Confidence data release at 03:00 pm GMT. All come from the US.


#SP500 #Copper #DXY
https://www.instaforex.com/forex_analysis/88667
#EURUSD
https://www.instaforex.com/forex_analysis/88655
#EURJPY
https://www.instaforex.com/forex_analysis/88657



Friday, 24 February 2017

Global macro analysis and trading plan for 24/02/2017









Global macro analysis and trading plan for 24/02/2017:

On Friday, 24th of February, there will be three important economic releases during the European and American trading sessions: Consumer Price Index from Canada and New Home Sales and Consumer Sentiment data from the U.S.

#EURUSD
https://www.instaforex.com/forex_analysis/88523

#AUDUSD
https://www.instaforex.com/forex_analysis/88521

#USDCAD #GOLD #USDJPY
https://www.instaforex.com/forex_analysis/88529



Thursday, 23 February 2017

Trading plan and macroeconomic analysis for 23/02/2017











Trading plan and macroeconomic analysis for 23/02/2017:

On Thursday 23rd of February, there will not be many economic releases during the European and American trading sessions and the main focus will be on Unemployment Claims data from the U.S. at 01:30 pm GMT and Crude Oil Inventories data at 04:00 pm GMT.

#EURUSD #CrudeOil #Gold
https://www.instaforex.com/forex_analysis/88477

#DXY US Dollar Index
https://www.instaforex.com/forex_analysis/88479

#USDCAD
https://www.instaforex.com/forex_analysis/88481




EUR/USD H4 Analysis









General overview for 23/02/2017:

The EUR/USD pair might now start to develop an impulsive bearish pattern to the downside, which can be devastating for bulls. According to the bearish labeling, this five wave pattern had just started, but it will be fully confirmed when:
1. price will fall out of the golden channel
2. price will break out below the technical support at the level of 1.0337

In the same time, the price can not break out above the gray rectangle demand breakthrough zone, because bearish count will be invalidated and the market gets back to the trading range. The most important intraday level is the technical resistance at the level of 1.0602 at it must hold the line in order the down trend to continue.

Support/Resistance:

1.0337 - Technical Support
1.0453 - Intraday Support
1.0492 - Intraday Support
1.0602 - Intraday Resistance
1.0700 - Intraday Resistance
1.0793 - 1.0870 - Demand Breakthrough Zone

Trading recommendations:

All swing sell orders opened while the price had been trading at the gray rectangle zone should be still left open. Please keep an eye at the level of 1.0602 and in a case of a break out above this level, the sell orders should be closed.*

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


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Wednesday, 22 February 2017

Fundamental analysis and trading plan for 22/02/2017










Fundamental analysis and trading plan for 22/02/2017:

On Wednesday 22nd of February, there will be many economic releases during the European and American trading sessions and the main focus will be on German Ifo data, second estimate GDP from the UK. CPI data from the Eurozone and finally FOMC Meeting Minutes release during the US trading session.



#EURUSD #GBPUSD #SP500
https://www.instaforex.com/forex_analysis/88411

#EURJPY
https://www.instaforex.com/forex_analysis/88409

#CrudeOil
https://www.instaforex.com/forex_analysis/88407

Tuesday, 21 February 2017

Fundamental analysis and trading plan for 21/02/2017



Fundamental analysis and trading plan for 21/02/2017:

On Tuesday 21st of February, there will be many economic releases during the European and American trading sessions and the main focus will be on the Inflation Report Hearings in the UK
and Flash Manufacturing PMI data release from the US.

#AUDUSD
https://www.instaforex.com/forex_analysis/88357

#EURJPY
https://www.instaforex.com/forex_analysis/88357

#EURUSD #GBPUSD #CrueOil
https://www.instaforex.com/forex_analysis/88347

#SP500 Analysis in Polish
http://fxparkiet.pl/post.php?id=6199


 
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