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

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Tuesday, 28 March 2017

Trading plan and global macro analysis for 28/03/2017










Trading plan and global macro analysis for 28/03/2017:
Tuesday brings a stabilization of trade in the foreign exchange market, which means keeping the USD weakness from yesterday. The stock market is recovering after Monday's falls as pulling indices on Wall Street on Monday acted as an incentive to buy shares in Asia. Japanese Nikkei is up 1%, Hang Seng gains 0.6%. In a similar manner, gold is declining a little and gains oil. 
On Tuesday 28th of March, the American session might be quite busy and the global investors will keep an eye on CB Consumer Confidence data from the US and various speeches made by the FED policy members like Chairperson Janet Yellen, Esther George, Jerome Powell, and Robert Kaplan.
#USDJPY
https://www.instaforex.com/forex_analysis/89799


Friday, 24 March 2017

Global macro analysis and trading plan for 24/03/2017:









Trading plan for 24/03/2017:

The market is waiting for the vote on the future of the Obamacare system. In the meantime, the dollar regains some strength, which is helping to stabilize the 10-year profitability of more than 2.40 percent. EUR/USD is heading towards 1.0760. The Wall Street has a modest decline, but Asia is dominated by positive sentiment: the Tokyo Stock Exchange closed green. The gold ounce is priced at less than $ 1,250, and the WTI oil barrel is heading toward $48 again. 
On Friday 24th of March, the event calendar is busy with the PMI data release during the European session and then Durable Goods Orders data from the US and Consumer Price Index data from Canada. The Obamacare vote in the US parliament will cast a shadow on market volatility all day.


Global macro analysis:
#SP500
https://www.instaforex.com/forex_analysis/89683
#USDJPY
https://www.instaforex.com/forex_analysis/89687


Wednesday, 22 March 2017

GBP/USD Weekly, Daily and H4 Analysis









General overview for 22/02/0217:

The complex and time-consuming corrective cycle in shape of a triangle pattern might soon be completed as there is only one more wave to the upside needed. The projected target for wave E of wave 4 is at the level of 1.2650, but it might extend towards the level of 1.2705 as well. When this wave is completed, then the triangle pattern is terminated and the down trend will resume.

Support/Resistance:

1.2705 - Wave C Top
1.2650 - Wave 4 Top Projection
1.2614 - WR2
1.2567 - Technical Resistance
1.2534 - WR1
1.2434 - Technical Support
1.2320 - Weekly Pivot
1.2223 - WS1

Trading recommendations:

All buy orders should have TP set at the level of 1.2650 before the trend will reverse. Any break out above the level of 1.2705 will invalidate the triangle scenario*.

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




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Global macro overview and trading plan for 22/03/2017










Trading plan for 22/03/2017:

The strongest sell-off on Wall Street in almost six months has hit the market. EUR/USD is still close to 1.0830 resistance, but risky currencies are under pressure. USD/JPY is below 111.50, which is accompanied by more than 2% fall on the Tokyo Stock Exchange. The WTI oil price continues declining and is at $48. The last API data prompted oil prices to return to the November levels. The report showed another big increase in inventories. With increased risk aversion, gold is rallying and is already trading near $1,250.


Global macro overview:
#USDJPY
https://www.instaforex.com/forex_analysis/89571
#GBPUSD
https://www.instaforex.com/forex_analysis/89577


Tuesday, 21 March 2017

Trading plan for 21/03/2017










Trading plan for 21/03/2017:

 In the Asian session, the Euro was gaining ground against other G-10 currencies. The rally of the single currency is driven by the outcome of the French debate of presidential candidates: polls unambiguously point out that Macron won it. The overnight correction did not bring EUR/USD below 1.0720 and currently, the pair is heading towards 1.0800. After a fall overnight, USD/JPY went down to 112.25, shedding 50 pips. AUD/USD struggles to maintain above 0.7700 after a publication of the RBA meeting minutes. 

The event calendar for Tuesday 21st of March is pretty low, but market participants will keep an eye on Consumer Price Index from the U.K., Canadian Retail Sales, and the U.S. Current Account data for the fourth quarter.





Wednesday, 15 March 2017

Pre-FED market analysis and trading plan for 15/03/2017









Pre-FED  market analysis and trading plan from 15/03/2017:

Thursday 15th of March will be a very busy day in financial markets. During the European and American session, global investors will pay attention to Claimant Count Change data from the U.K., Consumer Price and Retail Sales from the U.S. and the most anticipated event - the FOMC Interest Rate Decision, press conference of US Fed Chair and Economic forecasts.


#NZDUSD
https://www.instaforex.com/forex_analysis/89284
#GBPUSD #EURUSD
https://www.instaforex.com/forex_analysis/89278
#CrudeOil
https://www.instaforex.com/forex_analysis/89288



Tuesday, 14 March 2017

Global macro overview and trading plan for 14/03/2017




Global macro overview and trading plan for 14/03/2017:

On Tuesday, March 14, there are not many important data releases during the European and American session, but the global investors will keep an eye on the Producer Price Index data from the US at 12:30 pm GMT.


#USDJPY #GBPUSD #AUDUSD
#CrudeOil
#EURUSD

Monday, 13 March 2017

Global macro analysis and trading plan for 13/03/2017










Global macro analysis and trading plan for 13/03/2017:

On Monday 13th of March, there is not much on the calendar as most of global investors are in the wait mode for the super busy Wednesday. Nevertheless, there is one important event on the agenda today: ECB President Mario Draghi speech in Frankfurt, scheduled for 01:30 pm GMT.

World financial markets will be absorbed by several policy meetings of global central banks scheduled for this week. So regulators of the U.S., Japan, the United Kingdom, and Switzerland are due to announce their monetary policy decisions.

Monday, 13th of March: 
01:30 pm GMT - ECB President Mario Draghi Speaks in Frankfurt 
Tuesday, 14th of March: 
02:00 am GMT - Industrial Production from China 
10:00 am GMT - ZEW Economic Sentiment from Germany 
12:30 pm GMT - Producer Price Index from the U.S. 
Wednesday, 15th of March: 
06:00 pm GMT - FOMC Interest Rate decision 
Thursday, 16th of March: 
01:30 am GMT - Unemployment Rate from Australia 
03:00 am GMT - Bank of Japan Interest Rate decision
06:30 am GMT - Bank of Japan Press Conference 
09:30 am GMT - Swiss National Bank Interest Rate decision 
12:30 pm GMT - Bank of England Interest Rate decision 
01:30 pm GMT - Initial Jobless Claims from the U.S. 
Friday, 17th of March: 
03:00 pm GMT - Michigan Consumer Sentiment Index from the U.S.
#EURUSD
https://www.instaforex.com/forex_analysis/89154
#DXY US Dollar Index
https://www.instaforex.com/forex_analysis/89158
#EURGBP #DAX #SP500 #Copper
https://www.instaforex.com/forex_analysis/89160



Friday, 10 March 2017

Global macro analysis and trading plan for 10/03/2017









Global macro analysis and trading plan for 10/03/2017:

On Friday 10th of March, the main macroeconomic event is Non-Farm Employment Change data release from the US, but the market participants will pay attention to the Industrial Production data from the UK and Unemployment Rate data from Canada.

#GBPUSD
https://www.instaforex.com/forex_analysis/89098
#EURUSD
https://www.instaforex.com/forex_analysis/89094
#EURGBP #USDJPY #USDCAD
https://www.instaforex.com/forex_analysis/89102






Thursday, 9 March 2017

Global macro analysis and trading plan for 09/03/2017










Global macro analysis and trading plan for 09/03/2017:

On Thursday 9th of March, the most important event is the European Central Bank interest rate decision and press conference at 12:45 pm GMT. During the U.S. session, the most important event is Unemployment Claims data release at 01:30 pm GMT.

#AUDUSD
#CrudeOil
#EURUSD #GOLD #SP500

Monday, 6 March 2017

Week ahead review, trading plan and global macro analysis for 06/03/2017









Week ahead review, trading plan and global macro analysis for 06/03/2017:

At the beginning of the new week, let's take a look back to review last week's important macro events: 
- Interest rate hike anticipated at March FOMC meeting; 
- Global growth uptick continues; 
- Major stock indices closed at record highs; 
- The UK House of Lords seeks Brexit bill amendments. 
Global equities extended gains last week, and strong global manufacturing data suggested that economic momentum continues to improve. Yields on the 10-year US Treasury note rose strongly to 2.49% from 2.32% as investors moved to price in an interest rate increase from the US Federal Reserve.

#AUDUSD
https://www.instaforex.com/forex_analysis/88885
#GOLD
https://www.instaforex.com/forex_analysis/88883
#EURUSD #GBPUSD #CrudeOil
https://www.instaforex.com/forex_analysis/88881


Friday, 3 March 2017

DAX Daily Elliott Wave Analysis










General overview for 03/03/2017:

The German index Dax30 is in the last, big impulsive wave to the upside labeled as wave 5. When this wave is completed, then a big corrective cycle is next.
On the Daily time frame chart, the price is trading in overbought market conditions, inside of an upward channel. The top at the level of 12 000 might be a top for the wave (i), but the alternative count suggests a possibly higher degree top for the wave 5 of wave 3. Only a break out below the level of 11429 could be important enough to disqualify one of the alternatives. Nevertheless, the nearest support is at the level of 11898 and the price should bounce from this level in order to continue higher. If not, then a corrective cycle is in progress.

Support/Resistance:

12439 - Swing High
11898 - Technical Support
11429 - Technical Support

Trading recommendations:

All swing buy orders should be still kept open as the impulsive wave progression to the upside has not been completed yet and new all-time highs are anticipated*.

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



★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★



Global macro analysis and trading plan for 03/03/2017









Global macro analysis and trading plan for 03/03/2017:
On Friday 3rd of March 2017, there is plenty of news released during the European and American trading sessions and the global investors will pay attention to PMI Services data from Eurozone, PMI Services data from the United kingdom, the ISM Non-Manufacturing data from the US and last, but not least Federal Reserve Chairperson Janet Yellen's speech.


#EURUSD #GBPUSD #GOLD
https://www.instaforex.com/forex_analysis/88843
#EURJPY
https://www.instaforex.com/forex_analysis/88845
#USDCAD
https://www.instaforex.com/forex_analysis/88847
#SP500 Analysis for 03/03/2017:
http://fxparkiet.pl/post.php?id=6410


Wednesday, 1 March 2017

Trading plan and macro analysis for 01/03/2017









Trading plan and macro analysis for 01/03/2017:

On Wednesday 1st of March 2017, there is plenty of news released during the European and American trading session and the global investors will pay attention to PMI Manufacturing data from the Eurozone, the Unemployment Rate data from Germany, PMI Manufacturing from the U.K., ISM Manufacturing PMI from the U.S. and the Overnight Rate decision from the Bank of Canada.

#DXY US Dollar Index
https://www.instaforex.com/forex_analysis/88735
#USDCHF
https://www.instaforex.com/forex_analysis/88737
#EURUSD #GBPUSD #GOLD #USDCAD
https://www.instaforex.com/forex_analysis/88727



 
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