Analytics

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  • AUD/USD analysis for March 20, 2013

    AUD/USD Elliott Wave   For the last few days the AUD/USD pair was trading downwards, corrective wave (2) (coloured pink) of the bigger 5 wave (colored blue) was developing. Yesterday during the Asian and European sessions we could observe slight descending movement from 1.0390 towards the 1.0350 level and we can consider this movement as the end of the wave (2) (coloured pink). Therefore, during the New York session ...

    Posted at March 20, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GbpChf structure unchanged. 1.4411 is Gartley convergance if reached

    Technical outlook and chart setups: Let us take a look at possible wave structure presented here on the 4H chart view. Please note the following: 1. The downswing (towards the trend) under consideration is shown as AB here (1.45 - 1.40). The resistance at 1.4500 remains intact, and this is the level bulls would want to clear to gain trend control higher. 2. The counter trend has been shown as abcd formation here. a=1.4, b=1.4280, c=1.4030/40 ...

    Posted at March 20, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forcast for March 19, 2013

    Today at 13:30 GMT+4 data on Inflation in UK in February is published. PPI Input is forecast to be 1.6% vs. 1.3% in January, PPI Output is expected to be 0.3% vs. 0.2%, Consumer Price Index (y-o-y) is expected to be 2.8% against 2.7%, Core Consumer Price Index (y-o-y) is expected 2.2% against 2.3%. Retail Price Index will remain at 3.3%. House prices are expected to go downward 2.6% vs. 3.3%. On the whole, UK ...

    Posted at March 19, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/JPY technical levels and trading recommendations for March 19, 2013

    Overview Proceeding from today's H4 chart, the pair is still trying to break the junction between the Resistance level 144.00 and the lower boundary of the bullish channel and currently it is trading below it. If the pair manages to break this Resistance area and closes 4H above this the Resistanace level 144.00, we will get a good opportunity to buy again above the Resistance level 144.00 till it reaches the ...

    Posted at March 19, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver technical levels and trading recommendations for March 19, 2013

    Overview The H4 chart demonstrates today that silver failed to break Resistance level 29.00 yesterday and is still trading above the upward line keeping its trading below the Resistance level 29.00. If the pair cannot break this Resistance level and closes 4H below it, it provides a good opportunity to sell below the upward line, then the Support level 28.45. After that we should wait for breaking out of this Support ...

    Posted at March 19, 2013 | By : | Categories : Forex Analysis | 0 Comment