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  • USD/CAD analysis for March 18, 2013

    USD/CAD Elliott Wave  Since our last analysis the USD/CAD pair was trading downwards, just like we expected, corrective wave Y (coloured blue) of the bigger wave (4) (coloured green) has finished its development. During the Friday's Asian and European sessions we could observe descending movement from 1.0230 towards the 1.0180 level and we can consider this move as the end of the wave (4) (coloured green). Therefore, during the ...

    Posted at March 18, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • EurJpy at support around 122.00. Look to go long again

    Technical outlook and chart setups: As seen here, on the 4H chart view again, the single currency pair has opened gap down triggering our stops below 124.00 level. None the less, the structure still remains bullish for bulls to stage an impressive rally from here on. Prices have taken support at a past resistance turned support at around 122.00. Also the backside of falling down trend line is again tested around 122.00 level and ...

    Posted at March 18, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Gold prints above 1,600.00. Stay long

    Technical outlook and chart setups: The Wave Structure for yellow metal remains constructive for bulls, till prices are above 1,555.00 level, as seen on the 4H chart view depicted here. Prices are gathering pace slowly after breaking higher from 1,585.00 level. Fridays' swing high near 1,610.00 region has taken out an intermediary resistance at 1,603.00. Expect a pullback towards 1,595/97 levels before rally further up continues. The next lined up resistance is at 1,650.00, ...

    Posted at March 18, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • GBP/USD. Forcast for March 18, 2013

    Today the British pound was steady amid the EU’s decision to impose the levy on deposits. At the moment the levy is 6.75% of all deposits up to 100,000 euros and 9.9% above that cuts the euro-area’s bailout of Cyprus to 10 bln euros, down from an original figure of 17 bln euros. This decision should be adopted by Cyprus’s parliament. The vote is scheduled for today. This week the data on UK Inflation, Bank of ...

    Posted at March 18, 2013 | By : | Categories : Forex Analysis | 0 Comment
  • Silver remains bullish above 28.00

    Technical outlook and chart setups: The structure, as depicted on the 4H chart view remains absolutely unchanged. Please note that all retracement is supported by the short-term uptrend line extending from 28.00 levels. This should be encouraging for bulls, for a push higher above 29.50 soon enough. Immediate intermediary support is at 28.60, followed by 28.30 and 28.00 while resistances are spread across 29.50, followed by 30.30 and 31.20 respectively. An ABCD wave structure ...

    Posted at March 15, 2013 | By : | Categories : Forex Analysis | 0 Comment