AUD/USD Elliott wave count and Fibonacci levels - January 17, 2011 The AUD/USD is developing subwave B (colored red in the chart) within corrective wave B of medium term downtrend - colored magenta in the chart. The targets of the downmove are Fibonacci retracements of 0.9803-1.0019, 0.9540-1.025...
GBP/JPY Elliott wave count and Fibonacci levels - January 17, 2011 The GBP/JPY is developing subwave C (colored magenta in the chart) of daily impulse wave C - colored royal blue in the chart. The targets of the upmove are Fibonacci expansions off 125.47-129.41-128.29, 128.29-131.40-130.43. Resis...
USD/CAD technical analysis for January 13, 2011 Support levels: 0.9820, 0.9711, 0.9650 Resistance levels: 1.0212, 1.0290, 1.0380 On a 4-hour graph the USD/CAD is declining further after it successfully broke the support level at 0.9891. This has provided certain interest to selling and quite sign...
USD/JPY candlestick analysis for January 13, 2011 The USD/JPY pair is consolidating after it has successfully broken the resistance level 82.85. However, the viewpoint at the pair is still bullish and the upside movement is expected to resume in the nearest future. Earlier on a 4-hour graph the U...
AUD/USD Elliott wave count and Fibonacci levels - January 13, 2011 The AUD/USD has finished wave 1.0255-0.9803 (wave A of medium term downtrend - colored magenta in the chart) and now is developing corrective wave B which on smaller scale consists of subwaves A and B (colored orange red in the ch...
GBP/JPY Elliott wave count and Fibonacci levels - January 13, 2011 The GBP/JPY is now moving within subwave C (colored red in the chart) of daily impulse wave C - colored royal blue in the chart. The targets of the upmove are Fibonacci retracements of 133.03-125.47 and expansions off 125.47-129.4...
USD/JPY candlestick analysis for January 12, 2011 The USD/JPY pair is consolidating after it has successfully broken the resistance level 82.85. However, the viewpoint at the pair is still bullish and the upside movement is expected to resume in the nearest future. Earlier on a 4-hour graph the U...
GBP/USD candlestick analysis for January 12, 2011 On a 4-hour graph the GBP/USD is testing the resistance level near 1.5665. If it is broken, short positions should be closed as it means the downtrend is broken. Earlier the pair dropped sharply after it failed to break the resistance level of 1.5...
USD/CAD technical analysis for January 12, 2011 Support levels: 0.9820, 0.9711, 0.9650 Resistance levels: 1.0212, 1.0290, 1.0380 On a 4-hour graph the USD/CAD is declining further after it successfully broke the support level at 0.9891. The viewpoint to the pair is bearish. Now the extension of t...
GBP/JPY Elliott wave count and Fibonacci levels - January 12, 2011 GBP/JPY is developing corrective subwave 4 (colored orange red in the chart) within impulse daily wave C - colored royal blue in the chart. The targets of the upmove are Fibonacci retracements of 133.03-125.47 and expansions off 1...
AUD/USD Elliott wave count and Fibonacci levels - January 12, 2011 AUD/USD is developing corrective subwave 4 (colored orange red in the chart) within impulse wave C of the medium term downtrend (colored red in the chart). The targets of the corrective upmove are Fibonacci retracements of 0.9668-...
USD/CAD technical analysis for January 11, 2011 Support levels: 0.9891, 0.9820, 0.9750 Resistance levels: 1.0212, 1.0290, 1.0380 On a 4-hour graph the USD/CAD is consolidating after a drop to the support level at 0.9891. The viewpoint to the pair is bearish. If this level is broken, the extension...
USD/JPY candlestick analysis for January 11, 2011 The USD/JPY pair is rolling back after it has successfully broken the resistance level 82.85. However, the viewpoint at the pair is still bullish and the upside movement is expected to resume in the nearest future. Earlier on a 4-hour graph the US...
GBP/USD candlestick analysis for January 11, 2011 On a 4-hour graph the GBP/USD is still trading in the range between 1.5345 and 1.5665. Nevertheless, the viewpoint on the pair is still bearish as the downtrend remains. Earlier the pair dropped sharply after it failed to break the resistance leve...
AUD/USD candlestick analysis for January 11, 2011 The AUD/USD currency pair is testing the support level at 0.9825. As mentioned before, if the AUD/USD breaks through this level, then long positions should be closed, as it will lead to the further decline to 0.9537. Earlier on a daily chart the A...
GBP/JPY Elliott wave count and Fibonacci levels - January 11, 2011 The GBP/JPY has finished wave A of daily degrree 125.47-129.41 - colored royal blue in the chart - and now is developing corrective wave B. The targets of the downmove are Fibonacci retracements of 125.47-129.41, 127.37-129.41. Su...
USD/JPY candlestick analysis for January 10, 2011 The USD/JPY pair is rolling back it has successfully broken the resistance level 82.8. Earlier on a 4-hour graph the USD/JPY pair has formed Hammer candlestick, indicating upside movement. This candlestick shows that the currency pair was decreasi...
USD/CAD technical analysis for January 10, 2011 Support levels: 0.9891, 0.9820, 0.9750 Resistance levels: 1.0212, 1.0290, 1.0380 On a 4-hour graph the USD/CAD is bouncing off after it failed to break the support level at 0.9891. At the moment the viewpoint to the pair is bearish. Earlier the pair...
EUR/GBP candlestick analysis (long term view) The EUR/GBP closed the previous week on the downside after it could not break the support level at 0.8650. As mentioned before, successful breakout of the support level near 0.8430-0.8450 targeted the pair to 0.8143. The view on the currency pair rema...
